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- 10/23/2020 -
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Oracle Corp. (ORCL)

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Summary:
Weekly :Overbought sector
Daily :The price has fallen below the Parabolic SARBullish Doji CandlestickPrice is near the Fibonacci 38.2% retracement levelThe price is close to the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was the negative week for the Oracle Corp. (ORCL). During the week, the ORCL gave back -0.39 points, or -0.65%, and closed at 59.90 on Friday, October 23, 2020. Weekly volume was -37% below average.

ORCL is a member of Information Technology Sector. Information Technology is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See ORCL long-term trend chart]
A long-term uptrend had started on June 4, 2002 at 7.25 and reached 62.60 on September 21, 2020. ORCL gained -55.35 points, or -763.45%, in 954 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 41.37 and resistance is at 63.98. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See ORCL medium-term trend chart]
A medium-term uptrend had started on March 12, 2020 at 39.71 and reached 62.60 on September 21, 2020. ORCL gained -22.89 points, or -57.64%, in 27 weeks. The price is now at the 11.80% retracement level.

Weekly Technical Indicators: [See ORCL weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since April 17, 2020. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See ORCL short-term trend chart]
A short-term downtrend had started on October 12, 2020 at 61.83 and reached 58.69 on October 22, 2020. ORCL lost 3.14 points, or 5.08%, in 10 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See ORCL daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since October 14, 2020. This is an indication that the short-term trend is down.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price is close to the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 4.61% on Friday. It is 51.03% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Candlestick pattern: [See ORCL candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.97
Williams' Percentage Range (W%R) 58.10
Lane's Stochastic (%D-Slow) 22.49
Greed/Fear Indicator (GFI) 39.44
Moving Average Converg./Diverg. (MACD) 0.53
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.02
Williams' Percentage Range (W%R) 23.10
Lane's Stochastic (%D-Slow) 70.80
Greed/Fear Indicator (GFI) 68.21
Moving Average Converg./Diverg. (MACD) 1.40
Trading Signals
Description Value Chart
Yearly Trendline Resistance 63.98
Parabolic System 62.02
Upper Bollinger Band 61.27
Weekly Stochastic Crossing 60.36
20 Day Moving Average 60.09
Price 59.90
Daily Stochastic Crossing 59.42
50 Day Moving Average 58.60
Lower Bollinger Band 58.51
Sector and Industry
Description Name Rank
Sector Information Technology 8
Industry Application Software 60
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 58.69
Low Date 10/22/2020
High 60.16
High Date 10/23/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 61.83
High Date 10/12/2020
Low 58.69
Low Date 10/22/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 53.66
Low Date 08/17/2020
High 62.60
High Date 09/21/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 39.71
Low Date 03/12/2020
High 62.60
High Date 09/21/2020
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 63.98
Support 41.37
Low 7.25
Low Date 06/04/2002
High 62.60
High Date 09/21/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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