ORACLE CORP (ORCL) Stock Technical Analysis
NYSE:ORCL • US68389X1054
We assign a technical rating of 0 out of 10 to ORCL. ORCL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 82% of all other stocks performed better in the past year than ORCL.
- ORCL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- ORCL has an average volume of 29453800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ORCL is an average performer in the Software industry, it outperforms 68% of 276 stocks in the same industry.
- In the last month ORCL has a been trading in the 135.25 - 185.31 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
ORCL has a poor technical rating and the quality of the setup is also only medium 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.
More info and screens
130.74
When analyzing the support we can see 2 important areas.
- A support zone ranging from 140.59 to 142.81. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @132.06 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @156.95 from a trend line in the daily time frame.
- A resistance zone ranging from 160.15 to 160.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 181.39 to 183.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for ORCL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ORCL is down. |
| ChartMill Relative Strength | 18.23 | NEGATIVE | ORCL has a low relative strength, it was outperformed by 81.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ORCL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ORCL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ORCL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.48 | NEUTRAL | The RSI value for ORCL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.48 | POSITIVE | The MACD value suggests ORCL has a positive trend. |
| Stochastics (14,3) | 52.58 | NEUTRAL | The Stochastics value for ORCL is a neutral value. |
| Average True Range in percent/ATR (20) | 5.49 | HIGH VOLATILITY | The high ATR as a percentage value for ORCL suggests high volalility. |
| Average Directional Index/ADX (14) | 27.79 | POSITIVE | The high ADX value value for ORCL suggests a strong trend. |
156.54
+0.37 (+0.24%)
ORACLE CORP / ORCL FAQ
What is the ChartMill technical rating of ORACLE CORP (ORCL) stock?
ChartMill assigns a technical rating of 0 / 10 to ORCL.
What is the current trend direction of ORACLE CORP (ORCL) stock?
The current trend direction for ORACLE CORP (ORCL) is Bearish.
What is the RSI signal for ORCL stock?
ORACLE CORP (ORCL) has an RSI value of 41.4764. This indicates that the stock is currently neutral.
What is the MACD signal for ORACLE CORP (ORCL) stock?
The MACD indicator for ORACLE CORP (ORCL) has a value of 1.47548, indicating a bullish trend.
What is the support and resistance level for ORCL stock?
ORACLE CORP (ORCL) has a support level at 142.81 and a resistance level at 156.95. Check the full technical report for our detailed analysis of ORCL support and resistance levels.