ORACLE Stock Chart Fibonacci Analysis 022723 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 89/61.80%
ORCLD trade ideas
ORCL is preparing for the possible bull moveORCL is currently in a nice bull flag pattern, from which a break could lead to a nice and explosive bullish move. A break above the blue trend line and the blue dotted line would trigger a nice bullish long position with a target of around $95 or more. However, for this to happen, it will require a significant volume.
The recent price action is confirmed by the volume seen in the last two trading days, which is a bullish sign.
Additionally, ORCL has closed the day above all of its major moving averages, which is also bullish.
The RSI has cooled down from extreme levels and has now broken above its falling trend line.
The MACD is ticking in the red, but it seems that the MACD line is starting to turn right above the zero line and is trying to pass over the signal line, which is a sign of bullish preparation. If the price crosses over the signal line, it would be a strong bullish indication.
Overall: most of the indicators on this chart are showing strength in the price of ORCL, indicating that it would like to move up, no matter where SPY or any other index is going. Breaking above those two blue trend lines would trigger a long position. However, if it falls below the lower trend line, it would remove the possibility of that pattern, and we should wait for a new edge to form, which could bring the market to us.
BUY SIGNAL only when the blue dotted line is broken with the volume!
ORCLI see the double top pattern on ORCL also I think ORCL is overpriced it is uptrend since the beginning Oct 2022. also, the stocks' mean P/E ratio is about 20 now it is almost 30s. for these reasons, I am bearish on ORCL. I want to move opposite side I think the stock needed consolidation and then bounced up.
ORCL due for a strong dropORCL daily didn't change too much from the last report/analysis. It is still in a rising wedge and prices arrive at the end of the pattern. Even though the market had an extreme bull run the last 2 weeks ORCL didn't move too much. Once the price breaks the lower trend line, it would be a very nice short-sell position with a very big reward-to-risk ratio as major support would be at BigRed which is around 15% from this price.
Volume does confirm a bearish stand of view due to the fact red days are on bigger volume while green on weaker volume.
It is still above all major MA which is bullish.
RSI has strong and powerful bearish or negative divergences which indicate there is a huge chance of an imminent drop.
MACD same like RSI has big bearish divergences indicating ORCL is hardly keeping its price on this level.
Overall: ORCL is in big trouble for bulls. It obviously has great problems with keeping prices at this level. A rising wedge when broken will create massive sales of the price. Negative divergences in RSI and MACD will highly likely influence major drops.
However, this could also be some kind of high base formation but the high from Thursday must be broken on huge volume asap otherwise drop is imminent.
ORACLE Bullish as long as the 1D MA50 supports.Oracle Corporation (ORCL) is on a Channel Up within a Channel Up (blue) that is rising despite the Channel Down (bearish divergence) on the 1D RSI. We are now exactly on the 0.618 Fibonacci retracement level, which is the highly critical Golden Ratio. As long as the 1D MA50 (blue trend-line) is holding, then the Channel Up will eventually push higher towards the 0.786 Fibonacci (96.50). A break below the 1D MA50, should re-test the 0.382 Fib (78.20) and depending on the time it breaks, potentially the 1D MA200 (orange trend-line) as well.
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ORCL daily - sell signalORCl is inside of a big rising wedge which is a bearish pattern, and inside of which is a smaller rising wedge. A day before we had the Doji indecision candlestick pattern and today we confirmed a drop, therefore, it got a sell signal.
Volume is not confirming price action as it is below 20 days.,
It is above all major MA which could be bullish.
RSI is in overbought territory and has strong bearish/negative divergences which are bearish and could indicate sooner than later correction.
MACD also has strong negative/bearish divergences.
Overall: ORCL is in a big bearish pattern which break could cause a major fall in price. In the case of a further drop, ORCL has to find support at the downtrend line otherwise could be fast and nasty. Because of price action, volume, and RSI and MACD negative divergences, it got a sell signal.
Oracle Long Biashey, guys hope you doing well.
we have a nice area on Oracle HTF MN which we call PCP. if price drops then we will use that upto its departure height but if no, then we will see for the new Demand levels to go for longs.
good luck
Oracle attacks pivotal resistance - AnalysisOracle Corporation's stock (ORCL) extended its gains and tackled the pivotal resistance of 84.50, amid the dominance of the upward correctional short-term trend, while buoyed by trading above the 50-day SMA, with positive signals from the RSI.
Therefore we expect more gains for the stock, targeting the resistance of 90.70, provided the resistance of 84.50 was breached.
Is Oracle Attempting a Breakout?Oracle has performed better than most technology and software companies, and now it may be attempting a breakout.
The first pattern on today’s chart is the triangle that took shape in December. Prices ended 2022 slightly above the top, and buyers jumped in yesterday.
Second is the $84.50 level. It was resistance in June 2021, support three months later and then resistance again last March and December. Can ORCL push through on the next test?
Third, MACD has fallen steadily for the last four weeks. This prevented a breakout following a strong quarterly report last month, but now the oscillator has started rising. That could suggest momentum is turning back in favor of the bulls.
Finally, moving averages are potentially bullish. The 50-day simple moving average (SMA) had a “golden cross” above the 200-day SMA last month. The 8-day exponential moving average (EMA) has also remained above the 21-day EMA since late October.
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Oracle: Sweet Temptation 🔥Oracle is moving dangerously close to the resistance line at $85.58, which would activate our alternative scenario. In that case, the stock would rise further into the green target zone between $85.45 and $92.50 to finish off the grey wave alt.I before sinking back into a correction. Primarily, we expect the course to drop into the green target zone between $72.66 and $63.46 to complete the grey wave II. After completion, we predict Oracle heading North in the longterm.
ORCL 8/31/2022ORCL
You don’t need an Oracle to tell you where this one is heading!
ORCL entered the continuation of its uptrend back in Aug.’20.
This uptrend lasted up until Jul’21.
From Jul.’21 – Jan.’22, price formed an Expanding/Reverse symmetrical triangle.
By the end of the Jan.’22, price broke down from triangle. This confirmed the top of the market and the reversal of trend.
Following this breakdown, we saw a Death Cross confirming the bearish conditions in the market.
Since reaching a high of 106, price has now made a series of lower Highs and lower lows. This confirmed the downtrend for ORCL.
The price rejection of the 200ema gives us a good entry point to enter trade short.
Entry: 74.33
Stop loss: 80.88
Target #1: 64.16, +13.51%, +1.5 RR ratio
Target #2: 56.14, +24.32%, +2.69 RR ratio
ORCL Oracle Corporation Options Ahead Of EarningsIf you haven`t bought the last breakout before the earnings:
Then you should know that looking at the ORCL Oracle Corporation options chain ahead of earnings, i would buy the $78 strike price Puts with
2022-12-30 expiration date for about
$2.49 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
ORCL | Bearish Trend | 1 Hr
ORCL is in bearish move as it breaks previous HLs.
More importantly we have spotter a Tweezer Top (highlighted) which assures it will continue its bearish trend.
It is not a financial advice.
Thanks
Oracle Corp (ORCL) bearish scenario:The technical figure Rising Wedge can be found in the daily chart of the US company Oracle Corp (ORCL). Oracle Corporation is an American multinational computer technology corporation. The company sells database software and technology (particularly its own brands), cloud engineered systems, and enterprise software products, such as enterprise resource planning (ERP) software, human capital management (HCM) software, customer relationship management (CRM) software (also known as customer experience), enterprise performance management (EPM) software, and supply chain management (SCM) software. The Rising Wedge broke through the support line on 29/11/2022. If the price holds below this level, you can have a possible bearish price movement with a forecast for the next 10 days towards 77.63 USD. Your stop-loss order, according to experts, should be placed at 83.48 USD if you decide to enter this position.
Oracle is expected to post earnings of $1.17 per share for the current quarter, representing a year-over-year change of -3.3%.
The consensus earnings estimate of $4.96 for the current fiscal year indicates a year-over-year change of +1.2%. This estimate has changed -0.4% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $5.55 indicates a change of +11.8% from what Oracle is expected to report a year ago. Over the past month, the estimate has changed -0.2%.
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$ORCL - Post dividend distribution dumpNot following the company's fundamentals or anything, just general market sentiment and macro along with obvious signs on SPY's head and shoulders. The pile up into safe dividend stocks & the additional pump done by dividend distributions on tech stocks which caused the recent 2-3w tech rally is over. The top is in for tech stocks and the price is about to be "Stabilized" lower than it's normal trading range. The move has already started as you can see from the spinning top you can see on the chart.
OrclThee most overbought mid cap Tech stock on my list right now..
1.At resistance
RSI At 75
Daily money flow At 95!!!
Outside its Bollinger bands
Picture a 15 foot jinga lol.
I'm waiting on a reversal candle to go short
1st target will be 73$.
Things will get nasty very quickly once it's back under 73$.
So how did a company that's not a meme go up 25% in 10 trading days?
2 reasons,
1.pattern - Double bottom
2. 5 Price upgrades in the 70-80$ range.
I've been doing this long enough to spot manipulation.
In the next few sessions you should see some smaller candles followed by some sideways trading; that's the institutions trying to dump at supply area
ORCLLooking like a good setup at it has gotten rejected at the price trendline several times. It will be interesting to see if it breaks the RSI daily trendline and comes back down to the golden pocket on the daily chart first, and then possibly going down to the lows. The weekly is above the 50 on RSI, but it went up rather fast. I could see a pull back even if it pushes higher.
ORACLE Broke above the 1D MA50, first time in more than a monthThe Oracle Corporation (ORCL) broke today above its 1D MA50 (blue trend-line) for the first time since September 14. Within the long-term Channel Down pattern that the price has been trading in since January 12, this is the fastest break-out after a Lower Low bounce. Basically it resembles the fast rebound after the February 24 Low and in order for you to see the similarities I have plotted it on the current price action.
Technically, the top should be either on the 1D MA200 (orange trend-line) or the Lower Highs trend-line of the Channel Down. A break above the Lower Highs though, and more importantly the 0.382 Fibonacci retracement level, can potentially be a signal that the long-term sentiment has shifted back to being bullish and the upper Fibs should be targeted. It is worth noting that while the price has been trading on Lower Highs, the RSI on the 1W time-frame has been trading on Higher Highs. This divergence could be an early sign of an upcoming trend change.
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daytrading setup. you can do it toodaytrading setup. you can do it too
you folks can learn day trading too. just need to learn charting and practise.
Swin trade on ORCL 1 hour chartDiscalimer: I do not give solicitation to buy or short.
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I cover various stocks which can be profitable based on the stock charts and technical indicators. I try my best to explain as detailed as possible but your feedback is also appreciated
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