Update On ORCL Pullback Still Looking GOODIt took a while the overall market was determining its direction last week. These positions including JPM are now starting to play out nicely.
ORCL trade ideas
ORCL 10/8/2023ORCL
Was in an uptrend the 1st have of 2023 topping out in June 2023.
Price then started to move sideways and formed a what looks to be a M top pattern.
Price has broken thru the neckline of the M top pattern and the trendline the uptrend created. This is my que to enter trade short.
Entry: 110.07
Stoploss: 116.48, -5.82%
Target #1: 85.00, +22.78%, 3.91 RR ratio
Target #2: 62.08, +43.60%, 7.49 RR ratio
Oracle May Have Found SupportOracle jumped to new highs almost two months ago. Now, after a pullback, the software giant may have found support.
The first pattern on today’s chart is the gap higher on March 12 after earnings surprised to the upside. ORCL retraced the move and is starting to rebound after holding previous levels.
The stock is also bouncing near a falling trendline along the highs of September and February. Has old resistance become new support?
Third, the recent low is near the 200-day simple moving average. That may suggest the longer-term uptrend is pointing higher.
Finally, stochastics have turned up from an oversold condition.
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Michael Burry is Wrong on This One!!! SELL ORCL!I love Michael Burry. He has some amazing calls and I'm always curious to see what he is up to, but obviously we're all human and make mistakes. His company Scion Asset Management started buying in the last quarter of last year as we're going into a 5th wave breakout. We have met three different objectives for a 5th wave target including divergence on the monthly chart. It's possible for an extended 5th wave, but more than likely not. My target is at least $82-$59, which is the .382 fib level of the entire move or bottom of wave 4. However, we will need to save a wave A unfold to determine a further target.
ORCL Pullback Pattern Setting UpAfter an Anti played out perfectly we are now followed up by a pullback setup in ORCL. The NQ as a whole has been losing momentum so I think this trade sets up well with the current state of the market as well. I will look for a 0 line entry or a second entry short to get me into this trade.
Looking bullish very soon on ORCL.🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
Technical Analysis of Oracle Corporation (ORCL) Oracle Corporation (Ticker: ORCL), a prominent player in the technology services sector, specifically packaged software, is being scrutinized from a technical analysis perspective. The stock's performance as observed on the TradingView platform is presented in a multi-dimensional technical chart incorporating various indicators and analytical tools.
Recent Price Action:
As of the last observed session, ORCL is trading at $122.09 with a slight uptick of +0.81%. The price action is contained within the Ichimoku Cloud on the 4-hour chart, indicating a neutral bias in the market sentiment.
Candlestick Patterns:
The recent candles within the Ichimoku Cloud are small-bodied with short wicks, implying a lack of strong directional momentum. There is an observable consolidation pattern, suggesting indecision among traders.
Volume and Volatility:
The volume appears relatively consistent with no significant spikes, supporting the consolidation narrative. The Bollinger Bands are moderately wide but not expanding, which indicates a steady level of volatility.
Technical Indicators:
Ichimoku Kinko Hyo: Price is within the cloud, suggesting a neutral stance. The Tenkan-sen and Kijun-sen are intertwined, confirming the lack of trend strength.
Fibonacci Retracement: Price is hovering around the 50% retracement level from the previous swing high and low, which often acts as a crucial pivot point.
Relative Strength Index (RSI): RSI is hovering around the mid-level (44.20), indicating no immediate overbought or oversold conditions.
Stochastic Oscillator: With a value of 27.49, the Stochastic is approaching oversold territory, but without confirmation, we cannot consider this a strong buy signal.
Moving Average Convergence Divergence (MACD): The MACD line is below the signal line but the histogram shows diminishing bearish momentum, which could precede a potential bullish crossover.
On-Balance Volume (OBV): OBV is trending sideways, aligning with the price action, and does not suggest any major accumulation or distribution at the current level.
Key Levels:
Resistance: The immediate resistance can be seen at the upper boundary of the Ichimoku Cloud.
Support: Key support lies at the 61.80% Fibonacci level, aligning with the lower Bollinger Band.
Speculative Price Targets:
Bullish Scenario: Should the bulls take control, a break above the Ichimoku Cloud could set the stage for a move towards the $126 resistance level.
Bearish Scenario: A breakdown below the 61.80% Fibonacci level could trigger a sell-off towards the $116 support zone.
Corporate Fundamentals:
With a market capitalization of $335.92B and a respectable dividend yield of 1.32%, Oracle remains a stable entity within the industry. The P/E ratio stands at 32.56, suggesting a premium valuation, which may limit upside potential in the near term.
Market Sentiment:
Recent news highlighting Oracle's trajectory in AI software growth could be a catalyst for future price movements. Investors are advised to watch for developments in this space closely.
Conclusion:
Oracle's stock is at a pivotal point, with technical indicators showing a balanced power dynamic between bulls and bears. Traders should look for a confirmed break out of the Ichimoku Cloud for directional bias. Given the neutral market sentiment and technical setup, traders may find opportunities in short-term price fluctuations within the defined support and resistance levels. Long-term investors should remain vigilant, aligning their positions with fundamental developments and sector-specific trends.
Oracle: Is a Crash Inevitable?
Oracle is another stock we're adding to our analysis. Firstly we're particularly looking at the monthly chart to grasp the big picture. We believe that since the start of the entire cycle around the $3 mark at the turn of the millennium, there has been a rise to a maximum level of $127.5, marking the end of our Wave I or the 5-wave cycle. Now, we anticipate being in Wave II, which should retrace between 50% and a maximum of 78.6%, with our target entry at the 50% level, coinciding with the support zone of Wave (4). However, we firmly believe that we won't exceed $127 again unless we encounter an Expanded Flat scenario, where reaching 138% is still possible, but we should not surpass it. Therefore, Oracle presents a very bearish scenario over a long period. We will also look for possible short-term entries to potentially initiate positions.
Anti Setting Up In ORCLThat's right an Anti Pattern has set up in ORCL. There are some things to note such as the earnings gap potential to gain strength but, overall we saw a nice set up on Friday that could at least give a 1R return.
ORCL March 14, 24: Can the stock reach new ATH this time?On March 13, 24, NYSE:ORCL gap up after earnings on huge volume and is now trading at the area of the all-time high.
The stock has traded around this area in the past 2 times, during June, 2023 and September, 2023. Interestingly, the peaks of June and September were also around the earnings date.
The question now is can NYSE:ORCL reach new ATH this time?
The trading idea is to buy the stock as it crosses up the high of March 13, 24 which is 130, and cut loss if it will go down below the resistance at 127.
Another trading idea is similar to what I wrote for NYSE:DELL (see below in the related idea), which is wait for some days for a range to form and then trade that range.
Based on the actual situation that will occur we can execute our plan accordingly.
Oracle is next NVDAOracle has always been in the market and next AI powered software company. Trend is strong and strong Earning break out which shows good faith and strong volume. I believe it will go upto $200
ORCL: Biggest Gain In 2 Years (Original Idea Attached)Oracle Corp. shares posted their biggest gain in more than two years.
(Original Idea Attached)
Oracle's Cloud Business Surges as AI Partnership Pay OffOracle Corporation ( NYSE:ORCL ) witnessed a staggering 13% surge in its stock value on Tuesday, propelled by promising developments in its cloud computing endeavors. The tech giant's strategic collaboration with AI chip leader Nvidia has ignited renewed momentum in its pursuit to carve a significant niche in the fiercely competitive cloud market.
AI Integration Fuels Growth:
Oracle's ( NYSE:ORCL ) foray into the cloud space has been invigorated by its synergistic alliance with Nvidia, a pioneer in artificial intelligence technology. By leveraging Nvidia's cutting-edge AI chips, Oracle aims to bolster its cloud infrastructure, offering customers enhanced performance and efficiency at competitive costs. The partnership underscores Oracle's ( NYSE:ORCL ) commitment to harnessing innovation to drive its cloud business forward.
Upcoming Joint Announcements:
Excitement continues to mount as Oracle ( NYSE:ORCL ) teases forthcoming joint announcements with Nvidia, slated to be unveiled at the latter's prestigious GTC developer conference. Scheduled from March 18 to 21, this event promises groundbreaking revelations that could further elevate Oracle's standing in the cloud computing arena. Anticipation is rife as industry observers eagerly await the unveiling of potentially game-changing initiatives.
Impressive Financial Performance:
Oracle's ( NYSE:ORCL ) latest earnings report paints a rosy picture of its cloud business trajectory, with a remarkable 25% surge in cloud revenue during the third quarter. Moreover, the company's sales backlog witnessed a substantial uptick of 29%, signaling robust demand for its cloud services. Analysts at Piper Sandler lauded Oracle's ( NYSE:ORCL ) resurgence, noting that its cloud momentum is firmly back on track after a brief lull.
Market Sentiment and Outlook:
Bolstered by its stellar performance, Oracle ( NYSE:ORCL ) is poised to add nearly $40 billion to its market value, reflecting investor confidence in its cloud-centric strategy. A slew of analysts have revised their price targets upwards, with the median view pegged at $135.50. Despite trailing behind some of its cloud rivals in previous years, Oracle's ( NYSE:ORCL ) strategic initiatives and bullish outlook have reignited optimism among stakeholders.
CEO's Reassurance:
CEO Safra Catz's reassurances have further buoyed market sentiment, with her revelation of several lucrative deals in the pipeline. Catz's remarks dispel lingering concerns regarding data center capacity constraints and economic uncertainties, instilling renewed faith in Oracle's growth trajectory. With a robust pipeline of prospective deals, Oracle ( NYSE:ORCL ) is well-positioned to sustain its upward momentum in the cloud computing landscape.
Breaking News! Oracle Stock SkyRockets to 14% !Well look at Nvidia NASDAQ:NVDA its the number 1 AI stock to go up in this season
But Oracle NYSE:ORCL is catching up with this latest climb to the high.
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The stock market is down but the Technology stocks seem to be gaining steam.
The market news geared towards inflationary pressures from the DXY TVC:DXY
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Even though the SP500 SP:SPX is reporting new highs
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So is it that when the inflation is rising tech stocks are the "new" safe heaven?
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Before you buy any of these safe heavens please do your own research or else just following alerts wont do you justice also you need to learn the rocket booster strategy check out the resources below this article.
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$ORCL Golden Cross and possible long term bull run
The magnificent golden cross happened on Jan 22nd week , the 50 SMA crossing above its long-term 200 SMA . So far this week - today- price action has found support at the 50SMA and also crossed above some other significant averages I look for, 8 EMA and 21EMA ( Exponential Moving Average) . Add it to your watch list, fundamentally is a good company.
I DO NOT have a position on NYSE:ORCL .
ORCL a preearnings SHORT TRADEORCL rose from its prior earnings which were not impressive. On the 180 minute chart,
price ascended to the second upper anchored VWAP band and dropped to the mean VWAP
band line in a standard Fibonacci retracement. Finally it turned upside and ascended to the
first anchored VWAP line. The POC line of the immediate volume profile of the past two
months is 113.9 and price is currently below it. RSI lines are near the 50 line and the green
faster line is below the red slower line. The predictive modeling algo shows a forecasted
regression line moving down on the approach to the earnings report after market close on
March 11th. My target on this short trade is 101 being the pivot low at the prior earnings of
December. This represents 10% downside. Accordingly, this is a one to three day trade covering
the earnings period and after seeking 10% in quick profit. The stop loss is set at 114 above the
near term POC line.
ORCL Oracle Corporation Options Ahead of EarningsIf you haven`t bought ORCL prior to the previous earnings:
Then analyzing the options chain and the chart patterns of ORCL Oracle Corporation prior to the earnings report this week,
I would consider purchasing the 110usd strike price Puts with
an expiration date of 2024-4-19,
for a premium of approximately $4.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
MACD - Histogram turned positive on March 7, 2024This is a Bullish indicator signaling ORCL's price could rise from here. Traders may explore going long the stock or buying call options. A.I. dvisor identified 43 similar cases where ORCL's MACD histogram became positive, and 32 of them led to successful outcomes. Odds of Success: 74%.
ORCL's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for ORCL turned positive on March 07, 2024. Looking at past instances where ORCL's MACD turned positive, the stock continued to rise in 32 of 43 cases over the following month. The odds of a continued upward trend are 74%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for COST just turned positive on February 26, 2024. Looking at past instances where COST's MACD turned positive, the stock continued to rise in 27 of 44 cases over the following month. The odds of a continued upward trend are 61%.
The Aroon Indicator entered an Uptrend today. In 220 of 399 cases where COST Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 55%.
Bearish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 10 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 10 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where COST declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 39%.
COST broke above its upper Bollinger Band on March 06, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
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Oracle Corporation (‘ORCL’)
Oracle Corporation’s (symbol ‘ORCL’) share price ended the quarter at a minor loss of around 2% managing to recoup the losses incurred on the 12th of December 2023. The company’s earnings report for the fiscal quarter ending February 2024 is expected to be released on Monday, March 11th, after the close of the market. The consensus EPS is $1.27, up from $1.22 in the same quarter last year.
In the aftermath of the last earnings release the company experienced a 10% drop in a single day and has since managed to close this gap. The main reason for this drop was a difference of $110 million in expected sales that the company failed to achieve, pushing all the financial ratios down. Also, the company is not considered in any way a dividend heaven since the yields on their dividends are considerably below the average of 2-3%.
Technical analysis shows the price has reacted on the support area of the $110 price area and has since moved in a short-term bullish trend. Currently, the price is trading between the support area of the 50% of the weekly Fibonacci retracement level and the resistance of the bearish gap formed in mid-February. However, the share of Oracle is often forming gaps that don’t take long to cover unless it's a major gap of more than 5%. In this case, the 50-day moving average has recently crossed above the 100-day moving average indicating that the bullish momentum is prevailing, and if the price continues to travel North then the first area of possible resistance might be found around $116 which consists of the 62.8% of the weekly Fibonacci retracement level and also the area of price reaction in early February.
Oracle stock ( 23 Feb 2024 )Oracle
Date : 23 Feb 2024
Main Trend : Up
preferred Transaction : Buy
Reasons : mentioned on chart
Technical Analysis success at level : 127.60 $
Technical Analysis fail at level : 99.48
Oracle: Bounced off 🎾The Oracle share price has bounced off its resistance at $117.58. However, we expect it to overcome this level with the green wave (3), providing further bullish momentum.The orange-colored five-wave move should then provide for further significant increases, at the end of which the top of the beige wave I should be formed.
ORCL Possible buy setupOracle , a Texas based software and cloud giant is making a good possible buy opportunity. What to watch?
1. Weekly chart is showing some healthy pullback to it's previous highs sitting at around $103.73-106.56 price level.
2. When you take the Fibonacci tool and place it on the bottom of the chart which crossed the 200EMA , colored black, and take it to the top, the price had a perfect bounce out of the 38.2% Fib level. This contraction is considered good, especially because there is the 50EMA sitting just there.
3. Since I missed that potential entry point, I am looking on how and when to enter now. The thing I am considering right now is lack of buying pressure and rise in volume for the stock.
4. If we glance at the Daily levels, the stock is trying to close above the 200EMA, and it has been trying to do so for the last month to be precise. I am waiting for a strong upward move and I want to see the price going further away from the 200EMA line, sitting at around $106.5 price level.
5. Once this move happens, I am in. My stop loss will be place below the gap down candles on the Daily level, which are sitting at around $99.5 price level .
6. Depending on the price action of the stock, my take profit levels will either be the previous high of $127.4 or even higher price. If I take the first take profit level, it will bring me solid RR of 1:2.23.
Of course, I will be closely monitoring the reactions of the stock and keep you all updated.
