The Greedy Trader Weekly Analysis
Sign In Mar 22, 2024
Skip Navigation Links
Number of records: 0
Share
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Archive
- 3/15/2024 -
Sign In to see current Signals.

Oracle Corp. (ORCL) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overbought
Daily :Broken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtBullish Meeting Lines Candlestick
Move cursor over the icon to see details.

It was a first positive week for the Oracle Corp. (ORCL). During the week, the ORCL gained 13.12 points, or 11.67%, and closed at 125.54 on Friday, March 15, 2024. Weekly volume was 133% above 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 September 29, 2022 at 60.78 and reached 129.37 on March 12, 2024. ORCL gained -68.59 points, or -112.85%, in 75 weeks. The price is now at the 5.58% retracement level.

Medium-term trend: [See ORCL medium-term trend chart]
A medium-term uptrend had started on December 13, 2023 at 99.26 and reached 129.37 on March 12, 2024. ORCL gained -30.11 points, or -30.33%, in 12 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 109.22 and resistance is at 127.85. 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 medium-term trend.

Weekly Technical Indicators: [See ORCL weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since February 2, 2024. 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 uptrend had started on February 21, 2024 at 106.51 and reached 129.37 on March 12, 2024. ORCL gained -22.86 points, or -21.46%, in 20 days. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (112.94) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.

Daily Technical Indicators: [See ORCL daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since March 6, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

Candlestick pattern: [See ORCL candlestick chart pattern]
On Friday the chart has formed a Bullish Meeting Lines Candlestick pattern. This pattern appears during a decline, and it is a sign that a potential bullish reversal is in play. The reliability of the Bullish Meeting Lines Candlestick pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bullish Meeting Lines Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.04
Williams' Percentage Range (W%R) 23.30
Lane's Stochastic (%D-Slow) 82.92
Overbought
Greed/Fear Indicator (GFI) 78.22
Moving Average Converg./Diverg. (MACD) 1.62
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.29
Williams' Percentage Range (W%R) 17.70
Overbought
Lane's Stochastic (%D-Slow) 71.45
Greed/Fear Indicator (GFI) 72.16
Moving Average Converg./Diverg. (MACD) 1.20
Trading Signals
Description Value Chart
Upper Bollinger Band 128.65
Monthly Trendline Resistance 127.85
Daily Stochastic Crossing 126.09
Price 125.54
Weekly Stochastic Crossing 122.18
Parabolic System 119.28
Weekly Trendline Resistance 115.20
20 Day Moving Average 114.64
Weekly Trendline Support 112.94
50 Day Moving Average 112.58
Monthly Trendline Support 109.22
Lower Bollinger Band 104.97
Sector and Industry
Description Name Rank
Sector Information Technology 8
Industry Application Software 60
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 111.18
Low Date 03/11/2024
High 129.37
High Date 03/12/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 115.20
Support 112.94
Low 106.51
Low Date 02/21/2024
High 129.37
High Date 03/12/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 127.85
Support 109.22
Low 99.26
Low Date 12/13/2023
High 129.37
High Date 03/12/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 60.78
Low Date 09/29/2022
High 129.37
High Date 03/12/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 7.25
Low Date 06/04/2002
High 129.37
High Date 03/12/2024
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.