ORCL trade ideas
Oracle stock - SellHigh probability CRT setup on monthly time frame.
We had a sweep of liquidity at the high, I expect the price to retrace at least at the 50% of the first candle, RSI also overextended.
TP1- 156.2
TP2- 137.91
Good luck!
New Setup: ORCLORCL: I have a green setup signal(dot Indictor). It has a good risk-to-reward ratio(RR:). I'm looking to enter long near the close of the day if the stock can manage to CLOSE above the last candle highs(white line). If triggered, I will then place a stop-loss below(SL) and a price target above it(TP).
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Note: The above setups will remain valid until the stock CLOSES BELOW my set stop-loss level.
Digital Dreams, Nuclear Reality: Is AI Sparking a Revolution?In an unprecedented fusion of cutting-edge technology and atomic power, Oracle's latest venture illuminates the extraordinary energy demands reshaping our digital landscape. The tech giant's bold decision to power its next-generation AI facilities with nuclear reactors signals more than just an infrastructure upgrade – it represents a fundamental shift in how we approach the intersection of computational power and energy resources.
The numbers tell a compelling story: with data centers already consuming more electricity than entire nations and AI operations demanding exponentially growing power supplies, traditional energy solutions are proving insufficient. Oracle's gigawatt-scale ambitions, powered by small modular reactors, showcase an innovative response to this challenge, potentially revolutionizing how we fuel our digital future.
As tech titans race to build increasingly powerful AI systems, Oracle's nuclear gambit raises fascinating questions about the future of technological progress. Will this marriage of nuclear power and artificial intelligence unlock unprecedented computational capabilities, or are we witnessing the dawn of a new era where the limits of power generation become the primary constraint on digital innovation? The answer may reshape not just the tech industry, but the very framework of our energy infrastructure for generations to come.
Seize Oracle’s and Netflix’s potentialThe S&P 500 has reached new all-time highs, and with it, several of its components are also achieving record highs. Among these stocks, two tech giants stand out: Oracle and Netflix. Although they belong to different sectors, both have demonstrated solid growth and present great potential for investors looking for opportunities in this boom time.
Netflix: The resurgence of streaming
Netflix, the undisputed leader in global streaming, has rebounded strongly after a period of uncertainty. Despite criticism for its price increases and competition in the industry, the platform has achieved significant growth in the last year. With a 105% increase in its share price over the past 12 months, Netflix has reached a new all-time high, driven by its ability to generate revenue from new sources such as advertising and shared accounts.
Relative to total revenue Netflix accumulated $9.526B and June Ebitda has shown a corrective +0.29% ($6.42B) recovery due to the firm's strategy changes, but is forecast to grow +4.1% in its third quarter. Netflix shares have gained 142% since the “Magnificent Seven” became the standard for tech investing in January 2023, with the stock perched in zone of its all-time high. The correction initiated by the password crackdown begun last year has helped the company accelerate its growth and to 17% in June 2024. Analyst consensus expects Netflix to report earnings per share of $5.11 and revenue of $9.764 billion. Comparing last year's $3.73 per share and revenue of $8.54 billion.
Oracle: Driven by Artificial Intelligence
On the other hand, Oracle has successfully reinvented itself thanks to the growing trend of Artificial Intelligence (AI). The company has gained ground in the cloud computing market, a sector that still has huge growth potential. Oracle's AI services are driving demand for cloud solutions, reflected in a 66% increase in its shares this year. Analysts estimate that it still has room to rise further, with upside up to 12%. Oracle accumulated total revenues of $13.307B and Ebitda of -$14.43 for the second quarter of the year. During the third quarter, the company achieved revenues of $13.28B, surpassing the $12.398B achieved in the same period of the previous year. Net earnings were USD 2,401 million, compared to USD 1,896 million last year. Basic earnings per share from continuing operations were USD 0.87, compared with USD 0.70 a year earlier, while diluted earnings per share were USD 0.85, compared with USD 0.68 a year earlier.
For the first nine months of the year, Oracle reported revenue of USD 38.674 billion, up from USD 36.118 billion a year earlier. Net earnings were USD 7,323 million, compared with USD 5,184 million for the same period in 2023. Basic earnings per share from continuing operations were USD 2.67, up from USD 1.93 a year ago, and diluted earnings per share were USD 2.60, up from USD 1.88 last year.
Conclusion
With the S&P 500 at record highs, both Netflix and Oracle present attractive opportunities for investors. While Netflix is consolidating its position as a streaming leader, Oracle is positioning itself as a key player in AI and the cloud. Both stocks are options to consider to maximize portfolio returns in the current market environment.
Ion Jauregui –ActivTrades Analyst
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ORCL Easy 1x Longterm like taking candy from a baby LOOK at 1989Not financial advice.
I simply drew a parallel channel and the upper band is acting like a magnet that is drawing us there over time before we have another mass selloff.
very similar to 1989
ORCL $170 clear next resistance at $180ORCL - stock seeing multiple push candles on daily time frame indicating dip buyers coming in. Stock broke above $170 level now on the way to test $174 and higher. calls added in group. looking for more upside here. Stock is strong on indicator level.
$ORCL Pennant Breakout?I have been watching NYSE:ORCL since it reported earnings and have been waiting for it to consolidate that big earnings gap. It looks like it has done that, and it broke out of a pennant formation this morning.
I started a ½ size position here at 168.18 and have a stop just below yesterdays low of 163.92. That is just over a 2.5% stop loss. Let’s see what happens.
Ideas, not investing / trading advice.
Oracle ($ORCL) Gap-Fill & Earning Jump PlayTheory : Oracle has a history of significant price gaps after earnings reports. The stock is currently trading within an ascending channel and has an open gap from the last earnings. I expect a pullback to close this gap before the next earnings report triggers a potential upward gap.
Ideal Entry Point : 142.51 - 144.97 USD (after the gap fills and the price hits channel support).
Profit Taker : Targeting 192.27-195.02 USD (2 weeks range after earnings report), aligning with the top of the ascending channel and historical earnings reactions. This move represents a potential 35%+ gain.
Disclaimer : This idea is for informational purposes only and is not financial advice. I am not a professional, and you should do your own research or consult with a licensed professional before making any investment decisions.
ORACLE Channel Up targeting $200.Oracle (ORCL) broke above its previous High last week and even though the current one is under a certain degree of volatility (reasonable due to the Fed), this confirmed the upward continuation of the trend.
Technically, the stock has been trading within a long-term Channel Up since the September 2022 market bottom and after a prolonged test this year of the 1W MA50 (blue trend-line) as Support, it has started the new Bullish Leg with the current phase being the last one.
An ideal 1W RSI symmetry suggests that we might be printing a sequence similar to March - June 2023, which peaked after a +110% rise from its bottom.
As a result, we remain bullish on Oracle, targeting $200.00 by the end of the year.
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Oracle Corporation | ORCL & Ai If there is one person that you can compare it with Tony Stark aka IRON MAN is Larry Ellison
the ruthless entrepreneur who is born to win and be the number 1. Since the close of trading Friday, Ellison’s net worth has pumped 8 billion dollar to reach $ 206 billion
Oracle’s stock has reached new highs following its earnings report last week, which exceeded expectations and raised its revenue forecast for fiscal 2026.
Orcl have risen 20% this month and If this upward trend holds, it would mark their best performance since October 2022, when the stock jumped 28%, and the second best month since October 2002, nearly two decades ago.
The company’s stock success is partly driven by its involvement in the booming artificial intelligence sector. Ellison, Oracle’s founder since 1977, mentioned in last week’s earnings call that the company is building data centers to meet the growing demand for generative AI.
“We are literally building the smallest, most portable, most affordable cloud data centers all the way up to 200 megawatt data centers, ideal for training very large language models and keeping them up to date,” Larry said during the call
also he recently mentioned that Elon Musk and I ‘begged’ Jensen Huang for GPUs over dinner!We need you to take more of our money please!! It went ok. I mean, it worked!
Oracle also announced last week a partnership with Amazon’s cloud computing division to run its database services on dedicated hardware. Over the past year, it has formed similar alliances with Microsoft and Google, two other major cloud infrastructure providers
Oracle's cloud services are a key driver of their success, with revenue from this division growing 21% year over year, reaching $5.6 billion in quarterly earnings
Oracle is becoming a crucial provider, acting like a foundational layer for AI-focused companies. Their database systems are now critical to supporting businesses like OpenAI, AWS, and Google Cloud in building the infrastructure for future AI advancements. Despite AWS and Google Cloud being direct competitors, Oracle’s software remains essential to AI’s future.
Oracle's technology plays a foundational role, much like GPUs have in AI development. As companies seek efficient cloud-database solutions for AI workloads, Oracle is well-positioned to fulfill this demand.
Considering their strong Q1 performance and the central role of their database software in this field, I now view Oracle as a strong buy. The company's AI-powered cloud solutions, strategic partnerships, and growing database market make their technology indispensable for the future of AI
Oracle’s fiscal Q1 for FY 2025 exceeded expectations, with non GAAP earnings per share (EPS) of $1.39, surpassing estimates by $0.06, and revenue hitting $13.3 billion, outperforming projections by $60 million. The cloud segment, which includes their AI database software, remains a significant growth driver, generating $5.6 billion in revenue.
Most of Oracle’s revenue came from the Americas, contributing $8.3 billion, a 6.9% year-over-year increase. The AI revolution, gaining momentum in the US, aligns with their strong revenue growth in this region.
During the Q1 earnings call, management emphasized their expanded partnerships with major tech companies like Google Cloud (Alphabet Inc) and AWS (Amazon), which are notable given that they are also competitors. Oracle highlighted its success in the AI training space, pointing to the construction of large data centers equipped with ultra-high-performance RDMA networks and 32,000-node NVIDIA GPU clusters.
In the EMEA region, crucial to Oracle’s growth due to rising demand for cloud infrastructure and AI solutions among European enterprises and governments (sovereign AI), the company reported $3.3 billion in revenue.
Oracle’s earnings per share aka EPS is projected to grow at a compound annual rate of 13.5% for FY 2025, increasing to 14.41% in FY 2026, and continuing to compound at a modest double-digit rate in the coming years.
While these projections show strong potential for Oracle to be a compounder, I believe they may be somewhat conservative. The company’s remaining performance obligations (RPO) jumped 53% year-over-year to $99 billion by the end of the first fiscal quarter, indicating that their pipeline of signed work is growing faster than revenue. Once Oracle scales its solutions and workforce to match this RPO growth, we could see both revenue and EPS accelerate further.
In fact, while Oracle’s forward revenue growth is projected at just 8.86% for the next 12 months, their backlog is growing by over 50%. This suggests a notable gap between revenue expectations and actual demand.
I believe the current revenue growth projections are too low, and once revised upward, they could become a key growth catalyst for the company.
As for Oracle’s valuation, its forward price-to-earnings (P/E) ratio stands at 24.74, which is just 6.76% above the sector median of 23.17. However, given Oracle’s growth potential, I think it warrants a P/E ratio closer to 30.12, which is roughly 30% above the sector median. This would imply an additional 21.75% upside for the stock, excluding dividends.
With a forward P/E ratio only slightly above the sector median, despite Oracle’s impressive growth, the company’s performance suggests the stock should be trading at a higher valuation.
Larry Ellison is the man that I always can trust his vision and always bullish on his spirit and his ambitious. Oracle expanding influence in AI, coupled with robust revenue growth, positions the stock for significant upside. AI is like a modern day Gold Rush, and Oracle, much like GPU makers, is providing the essential tools the "pickaxe" for AI companies so That’s a space I’m eager to invest in
the chart looks insane and if there will be pullback I consider it as a buy opportunity
Oracle Hit a Record High This Week. Here Are Its ChartsOracle NYSE:ORCL gained more than 10% to hit record highs this week after the cloud-based AI giant beat analysts’ earnings and revenue expectations and announced a deal to integrate its products with Amazon Web Services. What does ORCL’s fundamental and technical analysis say could happen next?
Let’s take a look:
Fundamental Analysis
Oracle reported after the bell Monday that it saw $1.39 in adjusted earnings per share on $13.307 billion of revenues in its fiscal Q1 ended Aug. 31. Adjusted EPS beat the Street's expectations by about a nickel, while revenues not only beat analysts’ consensus estimates, but were also good for 6.8% in year-over-year growth.
Other highlights included 53% year-over-year growth in Total Remaining Performance Obligations to $99 billion, a 45% y/y increase in IaaS Cloud Infrastructure Revenue to $2.2 billion and 21% y/y gains in IaaS + SaaS Cloud Revenue to $5.6 billion.
Meanwhile, perhaps even bigger than the earnings news was word that Oracle had signed a MultiCloud agreement with Amazon NASDAQ:AMZN . Under the deal, Oracle will embed its Exadata hardware and Version 23ai database software into Amazon Web Services cloud datacenters.
This agreement will enable enterprise customers to connect data in their Oracle database to applications running on Amazon's cloud service. AWS customers in turn will get access to Oracle's database in September.
Oracle already signed a similar deal with Alphabet NASDAQ:GOOGL NASDAQ:GOOG in June covering the Google Cloud.
In other words, three of the nation's four largest cloud-services providers (Oracle, Amazon and Alphabet) are now working together. (The other large provider is Microsoft NASDAQ:MSFT , which owns the Microsoft Azure cloud-computing platform.)
The Amazon deal and Oracle’s solid earnings sent ORCL shares up 14.1% as of midday Thursday from where the stock closed on Monday before the news broke. Shares are also up some 50% year to date in 2024, making Oracle one of the year’s best-performing large-cap tech stocks.
Technical Analysis
Now let’s look at Oracle’s technicals, beginning with its one-year chart as of midday on Tuesday (Sept. 10):
Readers will see a pattern in the above chart where for three straight quarters, Oracle reported earnings and/or other news that created a "gap-up" session the next trading day.
These gaps broke the stock out of periods of basing consolidation three times -- in March, June and again on Tuesday (Sept. 10). It's almost like a step ladder.
Can the stock hold on to its latest gap-up? Well, in both prior moves, the stock filled the gap ahead of its next earnings-reporting date.
Does that make sense to engage with Oracle’s latest gap, or is it more prudent to use history as a guide and wait to see if the stock fills its latest gap?
Mind you, Oracle previously has filled in gaps -- but over these past nine months, the stock has never broken through established support.
Oracle’s Relative Strength Index (the gray line at the top of the above chart) looks to be technically overbought as well. Over the past nine months, every one of those elevated RSI readings turned out to be a temporary sell signal.
That said, the daily Moving Average Convergence/Divergence indicator (or MACD, the gold and black lines at the bottom of the above chart) is slightly bullish.
The 12-Day Exponential Moving Average (the black line) is above the 26-Day Exponential Moving Average (the gold line). Meanwhile, the histogram for the 9-Day Exponential Moving Average (the blue bars at the bottom of the chart) is ever so slightly above zero.
Historically, that combination looks a bit positive, but also seems almost cautious. The moves seem less pronounced, and not as sharp.
Next, let's throw an Andrews' Pitchfork model onto Oracle’s chart and see if we can't smooth out the stock’s price action for the less trained eye:
Tracing the pitchfork back to Oracle’s October low and running it through the present, we find that almost everything in between has been part of a trend.
If the pitchfork is to continue as it has, then ORCL tried to crack the upper trendline of the model (the highest of the five “pitchfork” lines shaded in gray). However, the stock was quickly forced back down into that upper chamber.
Does that mean the most recent gap will fill? If the past serves as guide and if the trend has its way, that seems likely.
(Disclosure: At the time of this writing, Moomoo Markets Commentator Stephen Guilfoyle was long AMZN.)
This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct. Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.
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Oracle Shares (ORCL) Surge Over 11% to Record HighOracle Shares (ORCL) Surge Over 11% to Record High
As the chart shows, Oracle Corp. (ORCL) closed yesterday’s trading session above $155, and during the session, the stock even climbed above $160, marking an all-time high.
The bullish sentiment is driven by a strong quarterly earnings report:
→ Earnings per share were $1.39, surpassing the $1.33 expected by FactSet analysts.
→ Revenue rose to $13.31 billion from $12.45 billion, beating the forecast of $13.23 billion.
"With cloud services becoming Oracle’s largest business, the growth in our operating profit and earnings per share has accelerated," said CEO Safra Catz in a press release.
Investors reacted positively to news of Oracle’s partnership with Amazon Web Services and projections of accelerated growth in the company’s order backlog.
However, technical analysis of Oracle Corp. (ORCL) shares suggests the market might be “overheated.” This is indicated by:
→ The price's position relative to the linear regression channel, which started in 2022. The price is significantly above the upper boundary.
→ The RSI indicator entering the overbought zone.
This situation is reminiscent of June 2023, when the price rose above the upper boundary of the channel but failed to break $128, eventually falling back below the median.
It’s possible that the current optimism around the strong report could fade, and profit-taking might lead to a correction. In this case, Oracle Corp. (ORCL) shares could test a potential support area formed by the psychological level of $150 and the former resistance of $145, which may switch roles, as seen with the $128 level (indicated by the arrow).
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Oracle’s Earnings Growth & Amazon Deal Propel Stock to New HighsOracle Corporation ( NYSE:ORCL ) is riding a wave of investor optimism after posting impressive fiscal first-quarter results and announcing a strategic multicloud partnership with Amazon Web Services (AWS). This combination of strong financial performance and a game-changing collaboration has driven Oracle’s stock up nearly 9% in extended trading, marking a significant milestone in the company’s journey as a leading enterprise software and cloud services provider.
Key Highlights
- Earnings Beat Expectations: Oracle reported first-quarter revenue of $13.3 billion, up 7% year-over-year, surpassing analysts' expectations. Earnings per share climbed to $1.03, beating the previous year’s 86 cents.
- AI-Driven Cloud Growth: Oracle’s cloud services, its largest business segment, saw a 21% revenue increase to $5.6 billion, fueled by heightened demand for AI training models. The company’s Oracle Cloud Infrastructure (OCI) surged 45% year-over-year to $2.2 billion, a testament to the robust growth driven by AI applications.
- Amazon Partnership: Oracle announced a multicloud partnership with AWS, allowing customers to leverage Oracle database technology within AWS cloud data centers. This collaboration is expected to accelerate cloud adoption and drive further revenue growth.
Why Oracle is Soaring
Oracle’s financial strength is closely tied to its strategic focus on AI and cloud computing. With the rapid rise of AI large language models, Oracle’s cloud infrastructure has become a vital resource for companies looking to train these models efficiently. CEO Safra Catz highlighted a strong contract backlog, emphasizing the potential for sustained revenue growth throughout fiscal year 2025.
Additionally, Oracle’s partnership with AWS underscores its commitment to becoming a central player in the multicloud environment. By integrating with one of the world’s largest cloud providers, Oracle not only expands its market reach but also solidifies its position as a versatile and reliable cloud service provider, giving clients more flexibility and options for their data management needs.
The combination of AI-fueled demand and strategic alliances makes Oracle a compelling investment opportunity. Its impressive earnings growth and market adaptability suggest that the company is well-positioned to capitalize on the expanding cloud market, especially as enterprises increasingly look towards multicloud solutions.
Technical Analysis:
Oracle’s stock has been on a bullish trajectory, gaining over 34% year-to-date before Monday’s after-hours surge. The recent price action suggests a continuation of this upward trend, particularly with the stock breaking out of a well-defined trading range in mid-June.
- Short-Term Price Targets: Following the breakout, Oracle shares ( NYSE:ORCL ) defended a key level in early August before rallying over 11% from last month’s low. Technical analysis suggests a short-term price target of $154, calculated using the measuring principle that involves adding the height of the prior trading range to the breakout point.
- Critical Retracement Levels: Investors should watch for potential retracements to the $145 level, which previously served as resistance and may now act as support. This level will be crucial in determining whether Oracle ( NYSE:ORCL ) can maintain its upward momentum or if profit-taking could lead to a temporary pullback.
Future Outlook
Oracle’s recent performance and its expanding cloud business provide strong tailwinds. However, it’s important to consider potential risks, such as overbought market conditions and the possibility of a cooling-off period. The current rally has been fueled by euphoria around AI and partnerships, but extended upward trends without consolidation can lead to volatility.
The technical outlook remains positive, but investors should be mindful of the broader market environment and Oracle’s valuation. With the stock up significantly in recent months, any signs of slowing growth or competitive pressures could prompt a retracement.
Conclusion
Oracle’s blend of AI-driven earnings growth, strategic cloud partnerships, and technical breakout positions it as a standout performer in the tech sector. The multicloud deal with AWS is a game-changer that not only broadens Oracle’s market reach but also underscores its adaptability in a rapidly evolving industry.
While the stock’s current momentum is promising, careful monitoring of key technical levels and fundamental developments will be essential in navigating Oracle’s next move. As the company continues to innovate and expand its cloud offerings, it stands well-positioned to capitalize on the growing demand for AI and multicloud solutions, potentially driving further gains for investors in the months ahead.
Oracle Liquidation - Short or Sell | Yellowstone Bubble Anyone?Awhile back I posted a chart, where I referred to this current market as the "Yellowstone Bubble".
Lol at the time, I was simply teasing about how ever since roughly season 4 of the show Yellowstone , it seems like everyone thinks they are some kind of tough-guy money-making, all-powerful market wizard.
Google: "Yellowstone Oracle".
Anyway, there's not much else to say here. The internet is a commodity.
Oracle (ORCL): Bullish Outlook Ahead of EarningsToday, we’re getting the earnings report on ORCL, and we’ve had to adjust our last analysis accordingly. We are now looking at a more bullish scenario after our previous bearish outlook was invalidated. If Oracle holds the desired level, we believe our current wave count is accurate.
The count is pretty straightforward, and we think we’re now in the intra wave (ii) of the larger wave 3. This wave (ii) might touch the trend channel again, though it doesn’t necessarily have to. The channel seems accurate as waves ((i)), ((ii)), and ((iii)) are all tagging it. It would have been ideal if wave ((iv)) had touched it as well, but perfection is rare in markets.
We’re focusing on the area between $133.43 and $129 to hold. We’re not setting any limit orders for ourselves just yet, as we want to see if our new count proves correct before making any moves.
ORCL 4hr Long Buy Stop💹 Stock:
📈 4hr Long Buy Stop
🎯 BUY STOP - 140.78
💵 TAKE PROFIT - 146.54
🔴 STOP LOSS - 138.86
⚠️ Reminder: If price trades below the 10ema remember to cancel/close your buy stop position.
$ORCL The Matrix OracleNow that you have grasped the basic knowledge of the Matrix and its blueprint being conceptually Math, here we are diving towards the horizon which is the future trying to make sense of the math of the path. That lies ahead of us.
Extracting the information required to navigate into the unknown which is the future which might have already happened, we don't need to understand our choices, or the cause of our choices, we don't even need to accept the effects of the causes that lie beneath the fabric of the Universe which is a Matrix. All we need to do is get some more views into my ideas because the math behind it might suggest that we are living in a block Universe and the Future is The Past. For the Aliens that Have conquered. A Black Hole. Nen.
Not financial advice, but all rectangles and elements are projected simulated potential support/resistance. Looking forward to see if this conceptually math idea nen project resembles or makes sense even for the untrained eye, taking into account the price action that will follow after its inception.
The Inception of the idea that everything is math and it all comes down to probabilities and potentials, doesn't need you to believe or see or understand. Your Subconscious might see it all in a fraction of a second of computational awesomeness that uses only 20watts to function, which is your brain.
Good luck!
Oracle, a quiet emerging major AI playerNYSE:ORCL is quietly becoming a major player in the AI revolution, driven by its AI partnerships and expanding data center infrastructure. With rapid growth in its cloud business, Oracle is transforming into an AI powerhouse, offering significant upside potential for investors. The company's strong financial performance and strategic deals with firms like OpenAI position it for continued success.
As for the technicals, Oracle is currently trading at $133.28, having dropped by 3.08%. The stock is moving within a rising channel but has recently dipped below its 50-day moving average, which could signal short-term weakness. The MACD shows a bearish trend, indicating potential downward momentum. Investors should watch for support around $130 and resistance near $140.
ORCL: Pay Attention to These Key Points! (D / W charts)The ORCL chart displays notable patterns and key levels on both the daily (1D) and weekly (1W) timeframes, offering insights into potential trading opportunities.
On the daily chart, ORCL is forming a possible double top pattern around the $145.32 resistance level, indicating a potential bearish reversal. The double top is a classic bearish pattern that occurs after an extended uptrend, and it often signifies that the asset may experience a decline. The confirmation of this pattern would be a break below the trigger point at $137.56, which could open the door for further downside. As long as the price stays above this key point, the bearish thesis won’t materialize.
Additionally, the daily chart shows a price gap that occurred in mid-June, suggesting a strong bullish move that pushed the stock significantly higher. However, the recent formation of the double top pattern near the $145.32 resistance level implies that the bullish momentum may be waning. The 21-day EMA has been providing dynamic support and will be a critical level to watch. A close below this EMA could signal further bearish pressure.
On the weekly chart, ORCL's long-term uptrend is evident, supported by a rising trendline that has been intact since October 2022. The stock has been riding above the 21-week EMA, indicating strong bullish momentum over the longer term. However, the recent candlestick pattern shows signs of potential exhaustion as the price nears the $145.32 resistance level, which aligns with the double top seen on the daily chart.
The weekly chart also highlights a key support level at $127.54, which coincides with the rising trendline and the 21-week EMA. This support level will be crucial in determining the longer-term direction of the stock. A break below this level could signify a trend reversal, while a bounce off this level could reinforce the ongoing uptrend.
In summary, ORCL is at a critical juncture with a bearish double top pattern on the daily chart and signs of potential exhaustion on the weekly chart. The key levels to watch are the $145.32 resistance and the $137.56 trigger point on the daily chart, along with the 21 EMA on the daily chart. A break below the trigger point could confirm the bearish reversal, while maintaining above the support could sustain the longer-term uptrend.
Remember that the trend is bullish, and any pullback should be considered as another buying opportunity. Trends persist until a clear reversal occurs (Dow Theory, tenet #6)
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
ORCL Rejection - Price Precedes NewsORCL had been running up recently into the previous ATH, but broke below the ascending channel it was in. It recovered some and went back for another test of ATH. Of course when it got there, this news drops.
The dump was happening either way. Price precedes news.
