ORACLE CORP. - 1H - Technical analysis published on 10/08/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 60.15 USD
My targets
61.86 USD (+1.48%)
62.60 USD (+2.69%)
My analysis
The bullish trend is currently very strong on ORACLE CORP.. As long as the price remains above the support at 60.15 USD, you could try to benefit from the boom. The first bullish objective is located at 61.86 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 62.60 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ORACLE CORP. price is 60.96 USD. On the day, this instrument gained +0.61% and was traded between 60.63 USD and 61.30 USD over the period. The price is currently at +0.54% from its lowest and -0.55% from its highest.60.63
61.30
60.96
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ORACLE CORP. in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 57.53 | 59.37 | 60.15 | 60.96 | 61.86 | 62.60 |
| Change (%) | -5.63% | -2.61% | -1.33% | - | +1.48% | +2.69% |
| Change | -3.43 | -1.59 | -0.81 | - | +0.90 | +1.64 |
| Level | Major | Major | Major | - | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 58.59 | 59.11 | 59.85 | 60.37 | 61.11 | 61.63 | 62.37 |
| Camarilla | 60.24 | 60.36 | 60.47 | 60.59 | 60.71 | 60.82 | 60.94 |
| Woodie | 58.70 | 59.17 | 59.96 | 60.43 | 61.22 | 61.69 | 62.48 |
| Fibonacci | 59.11 | 59.60 | 59.89 | 60.37 | 60.86 | 61.15 | 61.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 55.79 | 57.03 | 57.81 | 59.05 | 59.83 | 61.08 | 61.86 |
| Camarilla | 58.04 | 58.22 | 58.41 | 58.59 | 58.78 | 58.96 | 59.15 |
| Woodie | 55.56 | 56.92 | 57.58 | 58.94 | 59.60 | 60.96 | 61.63 |
| Fibonacci | 57.03 | 57.81 | 58.28 | 59.05 | 59.83 | 60.30 | 61.08 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 47.59 | 51.12 | 55.29 | 58.82 | 62.99 | 66.52 | 70.69 |
| Camarilla | 57.34 | 58.05 | 58.75 | 59.46 | 60.17 | 60.87 | 61.58 |
| Woodie | 47.91 | 51.28 | 55.61 | 58.98 | 63.31 | 66.68 | 71.01 |
| Fibonacci | 51.12 | 54.06 | 55.88 | 58.82 | 61.76 | 63.58 | 66.52 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 64.12 | |
| MACD (12,26,9): | 0.4200 | |
| Directional Movement: | 12.00 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 60.83 | |
| Parabolic SAR (0,02-0,02-0,2): | 60.72 | |
| Elder Ray (13): | 0.37 | |
| Super Trend (3,10): | 60.02 | |
| Zig ZAG (10): | 60.96 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 84.93 | |
| TEMA (21): | 61.11 | |
| Williams %R (14): | -15.69 | |
| Chande Momentum Oscillator (20): | 1.27 | |
| Repulse (5,40,3): | -0.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 4.09 |
| MA7: | 59.71 | |
| MA20: | 59.55 | |
| MA50: | 57.23 | |
| MA100: | 55.72 | |
| MAexp7: | 60.80 | |
| MAexp20: | 60.32 | |
| MAexp50: | 59.87 | |
| MAexp100: | 59.52 | |
| Price / MA7: | +2.09% | |
| Price / MA20: | +2.37% | |
| Price / MA50: | +6.52% | |
| Price / MA100: | +9.40% | |
| Price / MAexp7: | +0.26% | |
| Price / MAexp20: | +1.06% | |
| Price / MAexp50: | +1.82% | |
| Price / MAexp100: | +2.42% |
Quotes :
2020-10-08 16:22:17
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15 min delayed data
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NYSE Stocks
News
Don"t forget to follow the news on ORACLE CORP.. At the time of publication of this analysis, the latest news was as follows:
- Oracle Cloud Observability and Management Platform Now Available
- ORACLE'S ANNUAL MEETING OF STOCKHOLDERS TO BE HELD NOVEMBER 4, 2020
- Megaport Extends Global Reach of Oracle Cloud
- Oracle and Zoom Help Organizations Infuse Video into Customer Engagements
- Oracle Strengthens Leading Cloud ERP
This member declared not having a position on this financial instrument or a related financial instrument.
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