ORACLE CORP. - 1H - Technical analysis published on 06/22/2021 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
72%
0%
28%
My opinion
Bearish under 79.54 USD
My targets
77.55 USD (-1.06%)
75.94 USD (-3.11%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ORACLE CORP.. As long as you are under the resistance located at 79.54 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 77.55 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 75.94 USD as an objective. Crossing it would then enable sellers to target 74.50 USD. If the resistance 79.54 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish 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
0
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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 78.38 USD. The price registered an increase of +0.50% on the session and was traded between 77.66 USD and 79.19 USD over the period. The price is currently at +0.93% from its lowest and -1.02% from its highest.77.66
79.19
78.38
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ORACLE CORP.:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ORACLE CORP. chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. 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, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 74.50 | 75.94 | 77.55 | 78.38 | 78.50 | 79.54 | 80.40 |
| Change (%) | -4.95% | -3.11% | -1.06% | - | +0.15% | +1.48% | +2.58% |
| Change | -3.88 | -2.44 | -0.83 | - | +0.12 | +1.16 | +2.02 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Intermediate | 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 | 75.44 | 76.00 | 76.99 | 77.55 | 78.54 | 79.10 | 80.09 |
| Camarilla | 77.56 | 77.71 | 77.85 | 77.99 | 78.13 | 78.27 | 78.42 |
| Woodie | 75.67 | 76.11 | 77.22 | 77.66 | 78.77 | 79.21 | 80.32 |
| Fibonacci | 76.00 | 76.59 | 76.96 | 77.55 | 78.14 | 78.51 | 79.10 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 66.52 | 71.21 | 73.72 | 78.41 | 80.92 | 85.61 | 88.12 |
| Camarilla | 74.25 | 74.91 | 75.57 | 76.23 | 76.89 | 77.55 | 78.21 |
| Woodie | 65.43 | 70.67 | 72.63 | 77.87 | 79.83 | 85.07 | 87.03 |
| Fibonacci | 71.21 | 73.96 | 75.66 | 78.41 | 81.16 | 82.86 | 85.61 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 60.54 | |
| MACD (12,26,9): | -0.0500 | |
| Directional Movement: | 9.69 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 77.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 76.81 | |
| Elder Ray (13): | 1.08 | |
| Super Trend (3,10): | 77.19 | |
| Zig ZAG (10): | 78.67 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 90.01 | |
| TEMA (21): | 78.23 | |
| Williams %R (14): | -17.21 | |
| Chande Momentum Oscillator (20): | 2.29 | |
| Repulse (5,40,3): | 0.5800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 3.95 |
| MA7: | 78.81 | |
| MA20: | 80.50 | |
| MA50: | 78.84 | |
| MA100: | 72.82 | |
| MAexp7: | 78.15 | |
| MAexp20: | 77.84 | |
| MAexp50: | 78.82 | |
| MAexp100: | 79.69 | |
| Price / MA7: | -0.55% | |
| Price / MA20: | -2.63% | |
| Price / MA50: | -0.58% | |
| Price / MA100: | +7.64% | |
| Price / MAexp7: | +0.29% | |
| Price / MAexp20: | +0.69% | |
| Price / MAexp50: | -0.56% | |
| Price / MAexp100: | -1.64% |
Quotes :
-
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:
- Oracle Named a Leader in Anti-Money Laundering and Know Your Customer in Quadrant Knowledge Solutions' Reports
- As Pandemic Concerns Fade, 76% of North Americans Plan To Travel Soon
- Alithya's Oracle Practice to Figure Prominently in Global ODTUG Kscope21 Event
- Thinking about trading options or stock in Roblox, Oracle, General Motors, Citigroup, or Merck?
-
Oracle Cloud Initiative Could End Uptrend by FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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