ORCL Technical Analysis - ORACLE CORP

Technical Rating and Analysis

Taking everything into account, ORCL scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

ORCL is one of the better performing stocks in the Software industry, it outperforms 82% of 282 stocks in the same industry.

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 24644900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the yearly performance of all stocks, we notice that ORCL is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

In the last month ORCL has a been trading in the 271.00 - 329.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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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

ORCL has an excellent technical rating, but the quality of the setup is 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

130.74

331.62

We found 4 important support areas.

A support zone ranging from 281.23 to 283.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 256.04 to 258.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @229.28 from a horizontal line in the daily time frame.
Support @132.06 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice one important area.

Resistance @328.34 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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	NEUTRAL	NEUTRAL	The short term trend for ORCL is neutral.
ChartMill Relative Strength	90.98	POSITIVE	ORCL has a high relative strength, it outperformed 90.98% 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)	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)	50.71	NEUTRAL	The RSI value for ORCL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.75	NEGATIVE	The MACD value suggests ORCL has a negative trend.
Stochastics (14,3)	67.48	NEUTRAL	The Stochastics value for ORCL is a neutral value.
Average True Range in percent/ATR (20)	5.02	HIGH VOLATILITY	The high ATR as a percentage value for ORCL suggests high volalility.
Average Directional Index/ADX (14)	21.77	NEUTRAL	The ADX value for ORCL suggests a possible start of a new trend.