ORACLE CORP.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Stocks
Ticker:	ORCL
ISIN:

ORACLE CORP. - Daily - Technical analysis published on 10/18/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
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Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

44%

17%

39%

My opinion

Bullish above 54.61 USD

My targets

56.29 USD (+2.23%)

58.50 USD (+6.25%)

My analysis

ORACLE CORP. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 54.61 USD. The next resistance located at 56.29 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 58.50 USD. After this resistance, buyers could then target 60.15 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

FORCE

6.3

Comment on the analysis

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. price is 55.06 USD. The price registered a decrease of -1.47% on the session and was traded between 54.99 USD and 56.24 USD over the period. The price is currently at +0.13% from its lowest and -2.10% from its highest.

54.99

56.24

55.06

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this ORACLE CORP. chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Horizontal support is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	51.58	52.95	54.61	55.06	56.29	58.50	60.15
Change (%)	-6.32%	-3.83%	-0.82%	-	+2.23%	+6.25%	+9.24%
Change	-3.48	-2.11	-0.45	-	+1.23	+3.44	+5.09
Level	Intermediate	Major	Intermediate	-	Major	Minor	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	55.16	55.35	55.62	55.81	56.08	56.27	56.54
Camarilla	55.75	55.80	55.84	55.88	55.92	55.96	56.01
Woodie	55.19	55.37	55.65	55.83	56.11	56.29	56.57
Fibonacci	55.35	55.53	55.64	55.81	55.99	56.10	56.27

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	50.87	52.19	54.41	55.74	57.95	59.28	61.50
Camarilla	55.65	55.98	56.30	56.63	56.95	57.28	57.60
Woodie	51.31	52.42	54.86	55.96	58.40	59.50	61.94
Fibonacci	52.19	53.55	54.38	55.74	57.09	57.93	59.28

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	47.33	49.32	52.05	54.04	56.77	58.76	61.48
Camarilla	53.48	53.91	54.34	54.78	55.21	55.64	56.07
Woodie	47.70	49.51	52.42	54.22	57.13	58.94	61.85
Fibonacci	49.32	51.12	52.24	54.04	55.84	56.96	58.76

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):	52.85
MACD (12,26,9):	0.6200
Directional Movement:	6.87
AROON (14):	50.00
DEMA (21):	55.50
Parabolic SAR (0,02-0,02-0,2):	54.07
Elder Ray (13):	0.47
Super Trend (3,10):	53.29
Zig ZAG (10):	55.06
VORTEX (21):	1.1400
Stochastique (14,3,5):	68.02
TEMA (21):	56.08
Williams %R (14):	-46.34
Chande Momentum Oscillator (20):	1.51
Repulse (5,40,3):	-2.2500
ROCnROLL:	-1
TRIX (15,9):	0.1300
Courbe Coppock:	8.00

MA7:	55.81
MA20:	54.50
MA50:	53.60
MA100:	54.58
MAexp7:	55.55
MAexp20:	54.78
MAexp50:	54.34
MAexp100:	54.08
Price / MA7:	-1.34%
Price / MA20:	+1.03%
Price / MA50:	+2.72%
Price / MA100:	+0.88%
Price / MAexp7:	-0.88%
Price / MAexp20:	+0.51%
Price / MAexp50:	+1.32%
Price / MAexp100:	+1.81%

News

The latest news and videos published on ORACLE CORP. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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