ORACLE CORP. - Daily - Technical analysis published on 01/03/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 90.82 USD
My targets
86.17 USD (-1.69%)
79.27 USD (-9.56%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ORACLE CORP. as long as the price remains well below 90.82 USD. The sellers' bearish objective is set at 86.17 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 79.27 USD. In case of crossing, the next objective would be the support located at 76.23 USD.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
5.9
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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. rating is 87.65 USD. The price registered an increase of +0.51% on the session with the lowest point at 85.76 USD and the highest point at 87.92 USD. The deviation from the price is +2.20% for the low point and -0.31% for the high point.85.76
87.92
87.65
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ORACLE CORP. chart shows a bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
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 | 76.23 | 79.27 | 86.17 | 87.65 | 90.82 | 98.25 | 103.65 |
Change (%) | -13.03% | -9.56% | -1.69% | - | +3.62% | +12.09% | +18.25% |
Change | -11.42 | -8.38 | -1.48 | - | +3.17 | +10.60 | +16.00 |
Level | Intermediate | Intermediate | Major | - | Major | Major | Minor |
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 | 85.97 | 86.58 | 86.89 | 87.50 | 87.81 | 88.42 | 88.73 |
Camarilla | 86.96 | 87.04 | 87.13 | 87.21 | 87.29 | 87.38 | 87.46 |
Woodie | 85.83 | 86.51 | 86.75 | 87.43 | 87.67 | 88.35 | 88.59 |
Fibonacci | 86.58 | 86.93 | 87.15 | 87.50 | 87.85 | 88.07 | 88.42 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 83.00 | 85.09 | 86.15 | 88.24 | 89.30 | 91.39 | 92.45 |
Camarilla | 86.34 | 86.63 | 86.92 | 87.21 | 87.50 | 87.79 | 88.08 |
Woodie | 82.49 | 84.83 | 85.64 | 87.98 | 88.79 | 91.13 | 91.94 |
Fibonacci | 85.09 | 86.29 | 87.04 | 88.24 | 89.44 | 90.19 | 91.39 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 61.65 | 74.42 | 80.81 | 93.58 | 99.97 | 112.74 | 119.13 |
Camarilla | 81.94 | 83.70 | 85.45 | 87.21 | 88.97 | 90.72 | 92.48 |
Woodie | 58.47 | 72.83 | 77.63 | 91.99 | 96.79 | 111.15 | 115.95 |
Fibonacci | 74.42 | 81.74 | 86.26 | 93.58 | 100.90 | 105.42 | 112.74 |
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): | 38.80 | |
MACD (12,26,9): | -1.6900 | |
Directional Movement: | -13.44 | |
AROON (14): | -100.00 | |
DEMA (21): | 89.61 | |
Parabolic SAR (0,02-0,02-0,2): | 96.94 | |
Elder Ray (13): | -3.56 | |
Super Trend (3,10): | 94.12 | |
Zig ZAG (10): | 87.78 | |
VORTEX (21): | 0.7900 | |
Stochastique (14,3,5): | 4.32 | |
TEMA (21): | 88.08 | |
Williams %R (14): | -89.01 | |
Chande Momentum Oscillator (20): | -15.88 | |
Repulse (5,40,3): | -0.4400 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.1200 | |
Courbe Coppock: | 14.80 |
MA7: | 88.44 | |
MA20: | 92.78 | |
MA50: | 93.68 | |
MA100: | 92.00 | |
MAexp7: | 88.85 | |
MAexp20: | 91.37 | |
MAexp50: | 92.43 | |
MAexp100: | 90.89 | |
Price / MA7: | -0.89% | |
Price / MA20: | -5.53% | |
Price / MA50: | -6.44% | |
Price / MA100: | -4.73% | |
Price / MAexp7: | -1.35% | |
Price / MAexp20: | -4.07% | |
Price / MAexp50: | -5.17% | |
Price / MAexp100: | -3.56% |
Quotes :
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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:
- Shareholder Alert: Ademi LLP investigates whether Cerner Corporation has obtained a Fair Price in its transaction with Oracle
- Oracle Buys Cerner
- Oracle Scores Highest in All Use Cases in 2021 Gartner® Critical Capabilities for Cloud Database Management Systems for Operational Use Cases
- Oracle Opens First Cloud Region in Italy
- OPERA Cloud Property Management is on the Itinerary for Hotels Worldwide
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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