ORACLE CORP (ORCL) Stock Technical Analysis
NYSE:ORCL - New York Stock Exchange, Inc. - US68389X1054 - Common Stock - Currency: USD
Overall ORCL gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ORCL is showing a nice and steady performance.
ORCL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 230.55, a Stop Loss order could be placed below this zone.
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132.43
3 important support areas can be observed.
- A support zone ranging from 228.33 to 230.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @200.17 from a trend line in the daily time frame.
- Support @133.77 from a trend line in the weekly time frame.
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 | 94.42 | POSITIVE | ORCL has a high relative strength, it outperformed 94.42% 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) | 69.13 | NEUTRAL | The RSI value for ORCL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests ORCL has a negative trend. |
| Stochastics (14,3) | 80.34 | OVERBOUGHT | The high Stochastics value suggests ORCL may be overbought. |
| Average True Range in percent/ATR (20) | 3.97 | MEDIUM VOLATILITY | The ATR as a percentage value for ORCL suggests some volalility. |
| Average Directional Index/ADX (14) | 59.42 | POSITIVE | The high ADX value value for ORCL suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 241.45 | 228.32 | 13.13 (5.44%) | 18.39% |
| An entry @241.45. This is a Buy Stop order right above the 10 day high. | An exit @228.32. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 13.13 points, which is 5.44%. | When investing 18.39% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
230.56
-4.44 (-1.89%)