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ORACLE CORP.
ORACLE CORP.
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: ORCL
ISIN:

ORACLE CORP. - 1H - Technical analysis published on 11/22/2021 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 93.50 USD
My targets
96.37 USD (+1.21%)
98.25 USD (+3.18%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on ORACLE CORP. as long as the price remains well above 93.50 USD. The buyers' bullish objective is set at 96.37 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 98.25 USD. If there is any crossing, the next objective would be the resistance located at 98.95 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

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
0
10
4.8

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The ORACLE CORP. price is 95.22 USD. The price registered an increase of +1.33% on the session with the lowest point at 93.41 USD and the highest point at 95.36 USD. The deviation from the price is +1.94% for the low point and -0.15% for the high point.

93.41
95.36
95.22

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of ORACLE CORP. indicates that the overall trend is bullish. The signals given by moving averages are 71.43% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour


Near support of triangle

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 92.95 93.50 94.78 95.22 96.37 98.25 98.95
Change (%) -2.38% -1.81% -0.46% - +1.21% +3.18% +3.92%
Change -2.27 -1.72 -0.44 - +1.15 +3.03 +3.73
Level Intermediate Minor Minor - Intermediate Major Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard89.9391.9492.9594.9695.9797.9898.99
Camarilla93.1493.4293.6993.9794.2594.5294.80
Woodie89.4491.6992.4694.7195.4897.7398.50
Fibonacci91.9493.0993.8094.9696.1196.8297.98


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard88.2390.5892.2794.6296.3198.66100.35
Camarilla92.8693.2393.6093.9794.3494.7195.08
Woodie87.9190.4291.9594.4695.9998.50100.03
Fibonacci90.5892.1293.0794.6296.1697.1198.66


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard77.5182.4089.1794.06100.83105.72112.49
Camarilla92.7393.8094.8795.9497.0198.0899.15
Woodie78.4582.8790.1194.53101.77106.19113.43
Fibonacci82.4086.8589.6194.0698.51101.27105.72

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): 54.42
MACD (12,26,9): -0.0900
Directional Movement: 6.63
AROON (14): -42.85
DEMA (21): 94.49
Parabolic SAR (0,02-0,02-0,2): 96.82
Elder Ray (13): 0.33
Super Trend (3,10): 95.89
Zig ZAG (10): 94.79
VORTEX (21): 0.9400
Stochastique (14,3,5): 30.52
TEMA (21): 94.32
Williams %R (14): -61.41
Chande Momentum Oscillator (20): 0.39
Repulse (5,40,3): 0.4500
ROCnROLL: 1
TRIX (15,9): -0.0100
Courbe Coppock: 0.26
MA7: 94.60
MA20: 95.09
MA50: 93.08
MA100: 90.61
MAexp7: 94.66
MAexp20: 94.60
MAexp50: 94.67
MAexp100: 94.81
Price / MA7: +0.66%
Price / MA20: +0.14%
Price / MA50: +2.30%
Price / MA100: +5.09%
Price / MAexp7: +0.59%
Price / MAexp20: +0.66%
Price / MAexp50: +0.58%
Price / MAexp100: +0.43%

Quotes : - 15 min delayed data - NYSE Stocks

News


The last news published on ORACLE CORP. at the time of the generation of this analysis was as follows:

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

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