|
Advanced TA SearchArchive - 9/13/2024 - Sign In to see current Signals. |
Oracle Corp. (ORCL) Technical Analysis
|
|
| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a fifth consecutive positive week for the Oracle Corp. (ORCL). During the week, the ORCL gained 20.22 points, or 14.26%, and closed at 162.03 on Friday, September 13, 2024. Weekly volume was 161% above average. Long-term trend: [See ORCL long-term trend chart] A long-term uptrend had started on September 29, 2022 at 60.78 and reached 173.93 on September 13, 2024. ORCL gained -113.15 points, or -186.16%, in 102 weeks. The price is now at the 10.52% 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 173.93 on September 13, 2024. ORCL gained -74.67 points, or -75.23%, in 39 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (131.02) 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 medium-term trend. Weekly Technical Indicators: [See ORCL weekly technical indicators chart] Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic and Williams' Percentage Range help. During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 August 7, 2024 at 125.75 and reached 173.93 on September 13, 2024. ORCL gained -48.18 points, or -38.31%, in 37 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (141.18) 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 Relative Strength Index is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range. Use the following link to access Relative Strength Index help. The daily MACD line is above its signal line since August 14, 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. The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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.
| |
|
|