US68389X1054 - Common Stock - After market: 87.18 -0.56 (-0.64%)
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.
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.
The following trade can be suggested based on the decent technical rating and setup score.
|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.|
NYSE:ORCL (2/7/2023, 7:04:00 PM)-0.79 (-0.89%)
|GICS Sector||Information Technology|
|2 Weeks||-2.19%||1 Month||1.53%|
|3 Month||12.86%||6 Month||10.85%|
|ATR Inc||-3.92%||Range Today||1.72|
|ST Trend||LT Trend|
|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|
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