ORACLE CORP. - Daily - Technical analysis published on 06/14/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 72.09 USD
My targets
67.04 USD (-3.21%)
63.82 USD (-7.85%)
My analysis
The bearish trend is currently very strong for ORACLE CORP.. As long as the price remains below the resistance at 72.09 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 67.04 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 63.82 USD as an objective. Crossing it would then enable sellers to target 57.26 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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This analysis was given by jarias81197. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ORACLE CORP. price is 69.26 USD. The price registered an increase of +8.13% on the session and was between 69.02 USD and 72.43 USD. This implies that the price is at +0.35% from its lowest and at -4.38% from its highest.69.02
72.43
69.26
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ORACLE CORP. in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 57.26 | 63.82 | 67.04 | 69.26 | 72.09 | 83.90 | 89.82 |
| Change (%) | -17.33% | -7.85% | -3.21% | - | +4.09% | +21.14% | +29.69% |
| Change | -12.00 | -5.44 | -2.22 | - | +2.83 | +14.64 | +20.56 |
| Level | Major | Minor | Major | - | Major | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 60.83 | 62.30 | 63.17 | 64.64 | 65.51 | 66.98 | 67.85 |
| Camarilla | 63.41 | 63.62 | 63.84 | 64.05 | 64.27 | 64.48 | 64.69 |
| Woodie | 60.54 | 62.15 | 62.88 | 64.49 | 65.22 | 66.83 | 67.56 |
| Fibonacci | 62.30 | 63.19 | 63.74 | 64.64 | 65.53 | 66.08 | 66.98 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 56.57 | 61.77 | 64.45 | 69.65 | 72.33 | 77.53 | 80.21 |
| Camarilla | 64.97 | 65.70 | 66.42 | 67.14 | 67.86 | 68.59 | 69.31 |
| Woodie | 55.32 | 61.14 | 63.20 | 69.02 | 71.08 | 76.90 | 78.96 |
| Fibonacci | 61.77 | 64.78 | 66.64 | 69.65 | 72.66 | 74.52 | 77.53 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 58.68 | 62.70 | 67.31 | 71.33 | 75.94 | 79.96 | 84.57 |
| Camarilla | 69.55 | 70.34 | 71.13 | 71.92 | 72.71 | 73.50 | 74.29 |
| Woodie | 58.98 | 62.85 | 67.61 | 71.48 | 76.24 | 80.11 | 84.87 |
| Fibonacci | 62.70 | 66.00 | 68.03 | 71.33 | 74.63 | 76.66 | 79.96 |
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): | 45.95 | |
| MACD (12,26,9): | -1.3800 | |
| Directional Movement: | -0.33 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 68.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 73.26 | |
| Elder Ray (13): | 0.98 | |
| Super Trend (3,10): | 71.47 | |
| Zig ZAG (10): | 69.25 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 17.94 | |
| TEMA (21): | 68.58 | |
| Williams %R (14): | -51.17 | |
| Chande Momentum Oscillator (20): | -2.51 | |
| Repulse (5,40,3): | -10.0000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2300 | |
| Courbe Coppock: | 1.55 |
| MA7: | 69.51 | |
| MA20: | 70.22 | |
| MA50: | 73.95 | |
| MA100: | 76.55 | |
| MAexp7: | 68.81 | |
| MAexp20: | 70.44 | |
| MAexp50: | 73.16 | |
| MAexp100: | 76.58 | |
| Price / MA7: | -0.36% | |
| Price / MA20: | -1.37% | |
| Price / MA50: | -6.34% | |
| Price / MA100: | -9.52% | |
| Price / MAexp7: | +0.65% | |
| Price / MAexp20: | -1.68% | |
| Price / MAexp50: | -5.33% | |
| Price / MAexp100: | -9.56% |
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 Announces Fiscal 2022 Fourth Quarter and Fiscal Full Year Financial Results
- Oracle Completes Acquisition of Cerner
- Oracle Sets the Date for its Fourth Quarter Fiscal Year 2022 Earnings Announcement
- Oracle Purchase of Cerner Approved
- Travelers Want High-Tech, Low-Touch Hotel Stays Shows New Oracle Survey
This member declared not having a position on this financial instrument or a related financial instrument.
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