ORACLE CORP. - 1H - Technical analysis published on 05/27/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 78.56 USD
My targets
80.40 USD (+0.85%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ORACLE CORP. as long as the price remains well above 78.56 USD. The buyers' bullish objective is set at 80.40 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
9.1
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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
ORACLE CORP. rating 79.72 USD. The price has increased by +0.58% since the last closing and was traded between 79.30 USD and 80.05 USD over the period. The price is currently at +0.53% from its lowest and -0.41% from its highest.79.30
80.05
79.72
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ORACLE CORP.:
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
A technical analysis in 1H of this ORACLE CORP. chart shows a strongly bullish trend. 92.86% 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, 17 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 75.43 | 76.75 | 78.56 | 79.72 | 79.86 | 80.40 |
| Change (%) | -5.38% | -3.73% | -1.46% | - | +0.18% | +0.85% |
| Change | -4.29 | -2.97 | -1.16 | - | +0.14 | +0.68 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 77.93 | 78.24 | 78.75 | 79.06 | 79.57 | 79.88 | 80.39 |
| Camarilla | 79.04 | 79.11 | 79.19 | 79.26 | 79.34 | 79.41 | 79.49 |
| Woodie | 78.03 | 78.29 | 78.85 | 79.11 | 79.67 | 79.93 | 80.49 |
| Fibonacci | 78.24 | 78.55 | 78.75 | 79.06 | 79.37 | 79.57 | 79.88 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 75.47 | 76.51 | 77.77 | 78.81 | 80.07 | 81.11 | 82.37 |
| Camarilla | 78.40 | 78.61 | 78.82 | 79.03 | 79.24 | 79.45 | 79.66 |
| Woodie | 75.58 | 76.57 | 77.88 | 78.87 | 80.18 | 81.17 | 82.48 |
| Fibonacci | 76.51 | 77.39 | 77.93 | 78.81 | 79.69 | 80.23 | 81.11 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 60.30 | 65.16 | 70.48 | 75.34 | 80.66 | 85.52 | 90.84 |
| Camarilla | 72.99 | 73.92 | 74.86 | 75.79 | 76.72 | 77.66 | 78.59 |
| Woodie | 60.52 | 65.28 | 70.70 | 75.46 | 80.88 | 85.64 | 91.06 |
| Fibonacci | 65.16 | 69.05 | 71.46 | 75.34 | 79.23 | 81.64 | 85.52 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 60.56 | |
| MACD (12,26,9): | 0.1400 | |
| Directional Movement: | 17.67 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 79.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 78.74 | |
| Elder Ray (13): | 0.35 | |
| Super Trend (3,10): | 78.84 | |
| Zig ZAG (10): | 79.72 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 75.54 | |
| TEMA (21): | 79.42 | |
| Williams %R (14): | -26.02 | |
| Chande Momentum Oscillator (20): | 0.88 | |
| Repulse (5,40,3): | 0.1700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.65 |
| MA7: | 79.09 | |
| MA20: | 78.70 | |
| MA50: | 75.42 | |
| MA100: | 69.59 | |
| MAexp7: | 79.44 | |
| MAexp20: | 79.32 | |
| MAexp50: | 79.12 | |
| MAexp100: | 78.75 | |
| Price / MA7: | +0.80% | |
| Price / MA20: | +1.30% | |
| Price / MA50: | +5.70% | |
| Price / MA100: | +14.56% | |
| Price / MAexp7: | +0.35% | |
| Price / MAexp20: | +0.50% | |
| Price / MAexp50: | +0.76% | |
| Price / MAexp100: | +1.23% |
Quotes :
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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 Unlocks Power of Arm-based Processors at One Cent per Core Hour, Expanding Ecosystem, and Speeding App Development
-
Oracle Power is granted the exploration tenement for Jundee East Gold Project
- Consumers Head Back to Restaurants with Mobile Phones in Hand
- Utilities Help Customers Achieve Energy Affordability with Oracle
- Oxford University and Oracle Partner to Speed Identification of COVID-19 Variants
This member declared not having a position on this financial instrument or a related financial instrument.
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