ORACLE CORP. - 1H - Technical analysis published on 03/31/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
11%
39%
50%
My opinion
Bullish above 47.96 USD
My targets
50.29 USD (+0.56%)
51.60 USD (+3.18%)
My analysis
The basic bullish trend is very strong on ORACLE CORP. but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 47.96 USD. Crossing the first resistance at 50.29 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 51.60 USD as an objective. Crossing it would then enable buyers to target 52.94 USD. Caution, a return to below 47.96 USD would be a sign of a consolidation phase in the short-term basic trend. 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, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
4.1
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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 50.01 USD. The price has increased by -0.70% since the last closing with the lowest point at 49.81 USD and the highest point at 51.18 USD. The deviation from the price is +0.40% for the low point and -2.29% for the high point.49.81
51.18
50.01
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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 (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ORACLE CORP. chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, only 7 technical indicators out of 18 studied are currently positioned bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 42.73 | 45.48 | 47.96 | 50.01 | 50.29 | 51.60 | 52.94 |
| Change (%) | -14.56% | -9.06% | -4.10% | - | +0.56% | +3.18% | +5.86% |
| Change | -7.28 | -4.53 | -2.05 | - | +0.28 | +1.59 | +2.93 |
| Level | Major | Minor | Major | - | Minor | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 47.44 | 48.52 | 49.44 | 50.51 | 51.43 | 52.51 | 53.43 |
| Camarilla | 49.81 | 49.99 | 50.18 | 50.36 | 50.54 | 50.73 | 50.91 |
| Woodie | 47.37 | 48.48 | 49.36 | 50.47 | 51.36 | 52.47 | 53.35 |
| Fibonacci | 48.52 | 49.28 | 49.75 | 50.51 | 51.27 | 51.75 | 52.51 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.56 | 40.72 | 45.28 | 48.44 | 52.99 | 56.15 | 60.71 |
| Camarilla | 47.71 | 48.42 | 49.12 | 49.83 | 50.54 | 51.24 | 51.95 |
| Woodie | 38.26 | 41.07 | 45.97 | 48.79 | 53.69 | 56.50 | 61.40 |
| Fibonacci | 40.72 | 43.67 | 45.49 | 48.44 | 51.39 | 53.21 | 56.15 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 38.29 | 43.09 | 46.28 | 51.08 | 54.27 | 59.07 | 62.26 |
| Camarilla | 47.26 | 48.00 | 48.73 | 49.46 | 50.19 | 50.93 | 51.66 |
| Woodie | 37.48 | 42.69 | 45.47 | 50.68 | 53.46 | 58.67 | 61.45 |
| Fibonacci | 43.09 | 46.15 | 48.03 | 51.08 | 54.14 | 56.02 | 59.07 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.18 | |
| MACD (12,26,9): | 0.6200 | |
| Directional Movement: | 7.72 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 50.90 | |
| Parabolic SAR (0,02-0,02-0,2): | 51.52 | |
| Elder Ray (13): | -0.24 | |
| Super Trend (3,10): | 47.74 | |
| Zig ZAG (10): | 50.04 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 45.26 | |
| TEMA (21): | 50.76 | |
| Williams %R (14): | -56.46 | |
| Chande Momentum Oscillator (20): | -0.30 | |
| Repulse (5,40,3): | -2.1500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2500 | |
| Courbe Coppock: | 2.23 |
| MA7: | 48.37 | |
| MA20: | 46.96 | |
| MA50: | 50.96 | |
| MA100: | 52.87 | |
| MAexp7: | 50.32 | |
| MAexp20: | 49.96 | |
| MAexp50: | 48.68 | |
| MAexp100: | 48.02 | |
| Price / MA7: | +3.39% | |
| Price / MA20: | +6.49% | |
| Price / MA50: | -1.86% | |
| Price / MA100: | -5.41% | |
| Price / MAexp7: | -0.62% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +2.73% | |
| Price / MAexp100: | +4.14% |
News
The last news published on ORACLE CORP. at the time of the generation of this analysis was as follows:
- Oracle Prices $20 Billion Aggregate Principal Amount of Investment Grade Notes
- Oracle Announces Java 14
- Oracle Cloud Powers New Video, Gaming, and Sports Streaming Services
- AEP to Use Oracle for Energy Management Programs
- Oracle Announces Fiscal 2020 Third Quarter Financial Results
This member declared not having a position on this financial instrument or a related financial instrument.
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