ORCL Technical Analysis - ORACLE CORP

Technical Rating and Analysis

Overall ORCL gets a technical rating of 10 out of 10. Both in the recent history as in the last year, ORCL has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!

When comparing the yearly performance of all stocks, we notice that ORCL is one of the better performing stocks in the market, outperforming 93% of all stocks. On top of that, ORCL also shows a nice and consistent pattern of rising prices.

ORCL is part of the Software industry. There are 279 other stocks in this industry. ORCL outperforms 84% of them.

ORCL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ORCL is lagging the market slightly.

ORCL has an average volume of 18292500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

In the last month ORCL has a been trading in the 218.79 - 345.72 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although ORCL has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

130.74

311.75

4 important support areas can be observed.

Support @240.11 from a trend line in the weekly time frame.
Support @234.72 from a trend line in the daily time frame.
Support @229.28 from a horizontal line in the daily time frame.
Support @132.06 from a horizontal line in the weekly time frame.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for ORCL is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ORCL is up.
ChartMill Relative Strength	93.34	POSITIVE	ORCL has a high relative strength, it outperformed 93.34% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ORCL is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ORCL is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ORCL is above the rising SMA(200).
Relative Strength Index/RSI (14)	66.2	NEUTRAL	The RSI value for ORCL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	5.45	POSITIVE	The MACD value suggests ORCL has a positive trend, although the MACD value is declining.
Stochastics (14,3)	65.74	NEUTRAL	The Stochastics value for ORCL is a neutral value.
Average True Range in percent/ATR (20)	4.99	MEDIUM VOLATILITY	The ATR as a percentage value for ORCL suggests some volalility.
Average Directional Index/ADX (14)	33.66	POSITIVE	The high ADX value value for ORCL suggests a strong trend.