ORACLE CORP (ORCL)       87.74  -0.79 (-0.89%)

87.74  -0.79 (-0.89%)

US68389X1054 - Common Stock - After market: 87.18 -0.56 (-0.64%)

Technical Rating

7

We assign a technical rating of 7 out of 10 to ORCL. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ORCL is only an average performer.



The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
ORCL is one of the better performing stocks in the Software industry, it outperforms 81% of 370 stocks in the same industry.
ORCL is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so ORCL slightly outperforms the market at the moment.
In the last month ORCL has a been trading in the 85.25 - 91.22 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
ORCL has an average volume of 7279560 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 85% of all stocks. However, this relatively good performance is mostly due to a recent big move.

Statistics

1 Month 3 Months 6 Months 12 Months 1.53% 12.86% 10.85% 10.02% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 85.73 60.78 - 91.22
ORCL Weekly chart
ORCL Daily chart

Support/Resistance Analysis


77.99

90.95
We found 2 important support areas.
  • A support zone ranging from 84.23 to 85.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 78.78 to 79.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
  • A resistance zone ranging from 88.49 to 90.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

Setup Analysis

Setup Rating

7

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 a support zone below the current price at 85.46, a Stop Loss order could be placed below this zone.


Possible Trading Setup

The following trade can be suggested based on the decent technical rating and setup score.


ENTRYEXITDISTANCECAPITAL
90.0686.293.77 (4.19%)23.89%
An entry @90.06. This is a Buy Stop order right above the resistance zone.An exit @86.29. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 3.77 points, which is 4.19%.For a 1.00% total portfolio risk, you can invest 23.89% of your capital in this trade.

  • 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.
ORCL Daily chart

ORACLE CORP87.74

NYSE:ORCL (2/7/2023, 7:04:00 PM)-0.79 (-0.89%)

After market: 87.18 -0.56 (-0.64%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Information Technology
GICS Industry Software

Performance
Today -0.89% 1 Week -0.81%
2 Weeks -2.19% 1 Month 1.53%
3 Month 12.86% 6 Month 10.85%

Volatility
ATR(14) 1.82 ATR(20)% 1.97%
ATR Inc -3.92% Range Today 1.72

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 85.73 Mansfield 1.13
10 Day High 91.22 10 Day Low 86.3
20 Day High 91.22 20 Day Low 85.26
52 Week High 91.22 52 Week Low 60.78
CS1 End 85.46 CR1 Start 88.49

Volume & EV
DER(3) 2.31% DER(5) 2.1%
Volume 9.23M Volume Incr -1.53%
Vol(5) 6.68M Vol(50) 7.28M

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