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Uptrend ExhaustionArchive
- 12/13/2024 -
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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 -18.29 points, or -9.54%, and closed at 173.40 on Friday, December 13, 2024. Weekly volume was 49% 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 (142.36) 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 (188.22) 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 Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 Lane's Stochastic help.
The weekly MACD line is above its signal line since September 6, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 171.60 on December 13, 2024. ORCL lost 25.95 points, or 13.14%, in 4 days. The price is now at the 6.94% retracement level.
 Daily Technical Indicators: [See ORCL daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Use the following link to access 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.
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.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.
During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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