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 trade ideas
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 $135.50. Despite trailing behind some of its cloud rivals in previous years, Oracle's ( NYSE:ORCL ) strategic initiatives and bullish outlook have reignited optimism among stakeholders.
CEO's Reassurance:
CEO Safra Catz's reassurances have further buoyed market sentiment, with her revelation of several lucrative deals in the pipeline. Catz's remarks dispel lingering concerns regarding data center capacity constraints and economic uncertainties, instilling renewed faith in Oracle's growth trajectory. With a robust pipeline of prospective deals, Oracle ( NYSE:ORCL ) is well-positioned to sustain its upward momentum in the cloud computing landscape.
Breaking News! Oracle Stock SkyRockets to 14% !Well look at Nvidia NASDAQ:NVDA its the number 1 AI stock to go up in this season
But Oracle NYSE:ORCL is catching up with this latest climb to the high.
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The stock market is down but the Technology stocks seem to be gaining steam.
The market news geared towards inflationary pressures from the DXY TVC:DXY
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Even though the SP500 SP:SPX is reporting new highs
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$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.
ORCL Ready for a Pull back before rally to 150 final target?After the drop and downgrade from JP Morgan from 112 to 100. Oracle completed its (4) wave. Possible completing a subwave 1 (blue color), price looks losing steam, so maybe it is time for a healthy pullback to wave 2 (yellow box) and continue for the best wave 3 rally and get the target at the golden ratio.
Of course, news could invalidate this count, but in the bullish scenario, this is the road map I believe could get Oracle to 150 around.
Good luck!
Bullish weekly swing possibly this Friday 1-26.Thank you as always for watching my analysis. May God bless you!
Oracle's Ambitious Expansion in the Middle East
In a strategic move to capitalize on the Middle East's digital transformation, Oracle ( NYSE:ORCL ) is set to expand its operations in Dubai and build additional cloud infrastructure across the region. The company's Dubai office is undergoing a significant renovation, promising customers an immersive experience in envisioning the future of their companies through cutting-edge AI and cloud technology.
Strategic Investment for a Cloud-Powered Tomorrow
Amid a rising trend channel, Oracle's ( NYSE:ORCL ) stock outlook appears promising, reflecting investor confidence in the company's growth. With plans to invest in a state-of-the-art customer experience center in Dubai, Oracle ( NYSE:ORCL ) aims to offer a futuristic workspace and enable clients to visualize the potential of AI and cloud technology for their businesses.
Cloud Providers Tapping into the Middle East's Potential
Oracle's expansion aligns with the broader trend of global cloud providers establishing a significant presence in the Middle East, particularly in Saudi Arabia and the UAE. Companies like Microsoft, Amazon, IBM, and Alibaba Cloud have already opened cloud and data centers in the region, recognizing the growth potential fueled by a tech-savvy population and government-led digital initiatives.
Oracle ( NYSE:ORCL ), currently managing 67 cloud regions across 26 countries, underscores the Middle East's importance in its global strategy. Clay Magouyrk, Executive Vice President for Oracle Cloud Infrastructure, acknowledges the transformation of the Emirates into a global economic and technology powerhouse, driven by the widespread adoption of cloud services.
Empowering Women in Tech with sAIdaty Initiative
In a move to contribute to the UAE's digital economy goals, Oracle ( NYSE:ORCL ) has partnered with the Dubai Business Women Council to launch the sAIdaty initiative. This year-long program aims to enhance AI skills among women professionals and entrepreneurs. By equipping 500 council members with essential skills, the initiative not only advances women's professional journeys but also aligns with Oracle's commitment to fostering diversity and inclusivity in the tech sector.
Generative AI Integration - A Game-Changer for Enterprise Adoption
Oracle's focus on solving real-world business use cases is evident in its announcement of the general availability of the Oracle Cloud Infrastructure (OCI) Generative AI service. This fully managed service integrates large language models to address diverse business use cases, now supporting over 100 languages. The service's multilingual capabilities, improved GPU cluster management, and flexible fine-tuning options position Oracle as a leader in driving enterprise AI adoption at scale.
Conclusion: Oracle's Cloud-Powered Vision for the Middle East
As Oracle ( NYSE:ORCL ) expands its operations in Dubai and strengthens its cloud infrastructure across the Middle East, the company is not just responding to regional demand but actively shaping the digital future of the area. The combination of technical prowess, strategic partnerships, and a commitment to diversity positions Oracle as a key player in the region's evolving technological landscape. With the integration of generative AI, Oracle ( NYSE:ORCL ) is not only staying ahead of the curve but is also providing businesses with the tools they need to thrive in the era of digital transformation.
Oracle solutions drive surge in its stocksThe IDC MarketScape report, "Worldwide Retail Operations Management Solutions 2023 Vendor Assessment", ranks Oracle's solutions as the best for the retail sector. These are tools for retail trade, cloud services for daily operations management, merchandising, purchasing control, and more. Experts commend the potential of Oracle's new solutions, incorporating elements of artificial intelligence (AI), to modernise outdated IT systems in dozens of countries.
So, today, let's look at the Oracle Corp. (NYSE: ORCL) stock chart.
On the D1 timeframe, resistance has formed at 106.70, with support at 103.29. The upward trend may continue after quotes break through the resistance level. The corrective decline may end after the quotes reach a historical maximum.
On the H1 timeframe, a breakthrough of the 106.70 level could set a short-term target for a price increase at 115.50, while in the medium term, it could hover around 126.00.
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$ORCL positioning for a longer term moveHi Traders!
NYSE:ORCL is on the cusp of a gap fill, poised to capitalize on the expanding AI market and the ongoing shift of businesses to cloud computing. Additionally, Oracle's strategic move to establish a regional headquarters in Saudi Arabia could provide notable tax advantages, enhancing its financial positioning and potentially impacting its stock value positively. This strategic geographical expansion, coupled with its tech advancements, positions NYSE:ORCL favorably in the market.
Oracle - great long term hold hereNYSE:ORCL pays a dividend and stands to benefit greatly from AI and future computing demands.
I like $145 - $160 for the next leg up. It sold off pretty hard after their last earnings announcement but that only opens up an opportunity for us!
Happy Trading
ORCLOracle Corporation is an American multinational computer technology company headquartered in Austin, Texas, United States. In 2020, Oracle was the third-largest software company in the world by revenue and market capitalization.
Buy/long candidate.
$ORCL - the next betWhat a start to year 2024. If you referred to my previous post, I entered NYSE:PFE at USD28.79 after a bullish ice cream weekly candle was formed at key support level.
On 2nd January 2024, when the whole market tanked, NYSE:PFE moved up 5% in a day, I was hoping for a higher gain over a longer run but I would prefer to bag 5% gain instead.
Moving on to my second trade of the year, $ORCL. Honestly this is more like a bet trade instead, setup is not too perfect to risk but since the price is testing weekly 50SMA I would expect it to bounce up by 5-10% in 1-2 weeks time. My setup is as follows:
Entry: 102.95
TP: 108 - 114
SL: 99.22
Risk-Reward is not too great but time will tell if my instinct is right.
