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Archive
- 12/20/2024 -
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Oracle Corp. (ORCL) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the Oracle Corp. (ORCL). During the week, the ORCL dropped -3.70 points, or -2.13%, and closed at 169.70 on Friday, December 20, 2024. Weekly volume was 22% above average.
 Long-term trend: [See ORCL long-term trend chart]
A long-term uptrend had started on December 13, 2023 at 99.26 and reached 197.55 on December 9, 2024. ORCL gained -98.29 points, or -99.02%, in 51 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (143.25) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 long-term trend.
 Medium-term trend: [See ORCL medium-term trend chart]
A medium-term uptrend had started on August 7, 2024 at 125.75 and reached 197.55 on December 9, 2024. ORCL gained -71.80 points, or -57.10%, in 17 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (191.70) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ORCL may retest the broken support line. It is considered to be a resistance line now. 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 support in a medium-term trend.
 Weekly Technical Indicators: [See ORCL weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 December 9, 2024 at 197.55 and reached 165.40 on December 18, 2024. ORCL lost 32.15 points, or 16.27%, in 9 days. The price is now at the 13.37% retracement level.
 Daily Technical Indicators: [See ORCL daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since November 26, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Information Technology |
7 |
| Industry |
Application Software |
82 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
197.55 |
| High Date |
12/09/2024 |
| Low |
165.40 |
| Low Date |
12/18/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Broken Support |
| Resistance |
201.61 |
| Support |
191.70 |
| Low |
125.75 |
| Low Date |
08/07/2024 |
| High |
197.55 |
| High Date |
12/09/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Resistance |
| Resistance |
166.43 |
| Support |
143.25 |
| Low |
99.26 |
| Low Date |
12/13/2023 |
| High |
197.55 |
| High Date |
12/09/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
60.78 |
| Low Date |
09/29/2022 |
| High |
197.55 |
| High Date |
12/09/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
7.25 |
| Low Date |
06/04/2002 |
| High |
197.55 |
| High Date |
12/09/2024 |
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