ORACLE CORP. - Daily - Technical analysis published on 06/17/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
0%
67%
33%
My opinion
Bearish under 80.40 USD
My targets
74.50 USD (-3.30%)
65.30 USD (-15.24%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for ORACLE CORP. as long as the price remains well below 80.40 USD. The next bearish objective for sellers is set at 74.50 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 65.30 USD. In case of crossing, the next objective would be the support located at 60.15 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 74.50 USD. With this support, against the trend traders who want to buy ORACLE CORP. on a buy signal from their trading strategy should not hesitate to act.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
2.5
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ORACLE CORP. rating is 77.04 USD. On the day, this instrument lost -0.05% and was between 76.56 USD and 77.68 USD. This implies that the price is at +0.63% from its lowest and at -0.82% from its highest.76.56
77.68
77.04
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ORACLE CORP. chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
In fact, 12 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Downside gap
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 60.15 | 65.30 | 74.50 | 77.04 | 80.40 | 84.61 |
| Change (%) | -21.92% | -15.24% | -3.30% | - | +4.36% | +9.83% |
| Change | -16.89 | -11.74 | -2.54 | - | +3.36 | +7.57 |
| Level | Major | Intermediate | Minor | - | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 73.15 | 74.53 | 75.80 | 77.18 | 78.45 | 79.83 | 81.10 |
| Camarilla | 76.35 | 76.59 | 76.84 | 77.08 | 77.32 | 77.57 | 77.81 |
| Woodie | 73.11 | 74.50 | 75.76 | 77.15 | 78.41 | 79.80 | 81.06 |
| Fibonacci | 74.53 | 75.54 | 76.16 | 77.18 | 78.19 | 78.81 | 79.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 78.08 | 79.89 | 81.40 | 83.21 | 84.72 | 86.53 | 88.04 |
| Camarilla | 81.99 | 82.29 | 82.60 | 82.90 | 83.20 | 83.51 | 83.81 |
| Woodie | 77.92 | 79.82 | 81.24 | 83.14 | 84.56 | 86.46 | 87.88 |
| Fibonacci | 79.89 | 81.16 | 81.95 | 83.21 | 84.48 | 85.27 | 86.53 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 71.67 | 73.87 | 76.31 | 78.51 | 80.95 | 83.15 | 85.59 |
| Camarilla | 77.46 | 77.89 | 78.32 | 78.74 | 79.17 | 79.59 | 80.02 |
| Woodie | 71.78 | 73.93 | 76.42 | 78.57 | 81.06 | 83.21 | 85.70 |
| Fibonacci | 73.87 | 75.65 | 76.74 | 78.51 | 80.29 | 81.38 | 83.15 |
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): | 38.46 | |
| MACD (12,26,9): | 0.5600 | |
| Directional Movement: | -16.88 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 81.50 | |
| Parabolic SAR (0,02-0,02-0,2): | 84.85 | |
| Elder Ray (13): | -3.57 | |
| Super Trend (3,10): | 82.30 | |
| Zig ZAG (10): | 77.08 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 24.84 | |
| TEMA (21): | 80.69 | |
| Williams %R (14): | -87.19 | |
| Chande Momentum Oscillator (20): | -2.49 | |
| Repulse (5,40,3): | -0.8300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2300 | |
| Courbe Coppock: | 4.38 |
| MA7: | 81.20 | |
| MA20: | 80.67 | |
| MA50: | 78.70 | |
| MA100: | 72.33 | |
| MAexp7: | 80.18 | |
| MAexp20: | 80.42 | |
| MAexp50: | 77.94 | |
| MAexp100: | 73.66 | |
| Price / MA7: | -5.12% | |
| Price / MA20: | -4.50% | |
| Price / MA50: | -2.11% | |
| Price / MA100: | +6.51% | |
| Price / MAexp7: | -3.92% | |
| Price / MAexp20: | -4.20% | |
| Price / MAexp50: | -1.15% | |
| Price / MAexp100: | +4.59% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on ORACLE CORP. at the time of the analysis were as follows:
- Thinking about trading options or stock in Roblox, Oracle, General Motors, Citigroup, or Merck?
-
Oracle Cloud Initiative Could End Uptrend by FX Empire
- Oracle Announces Fiscal 2021 Fourth Quarter and Fiscal Full Year Financial Results
- Huron Recognized in 2021 Gartner Magic Quadrant Report and Gartner Critical Capabilities Report for Oracle Cloud Application Services, Worldwide
- Wipro Enables Zero Cost Transformation with Oracle Cloud Infrastructure
This member declared not having a position on this financial instrument or a related financial instrument.
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