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Oracle Corp. Technical Analysis - Oracle Corp. Trading: 2022-06-23
Oracle Technical Analysis Summary
Below 63.73
Sell Stop
Above 72.31
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| Donchian Channel | Sell |
| MA(200) | Sell |
| Fractals | Sell |
| Parabolic SAR | Sell |
Oracle Chart Analysis
Oracle Technical Analysis
The technical analysis of the Oracle stock price chart on daily timeframe shows #S-ORCL,Daily is retreating after hitting all-time high six months ago and has fallen below the 200-day moving average MA(200) which is falling too. We believe the bearish momentum will continue after the price breaches below the lower boundary of Donchian channel at 63.73. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above the fractal high at 72.31. After placing the order, the stop loss is to be moved every day to the next fractal high, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (72.31) without reaching the order (63.73), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Oracle
Oracle stock ended virtually unchanged despite Credit Suisse report the company can reaccelerate revenue growth. Will the Oracle stock price rebound?
Oracle Corporation is an American multinational information technology corporation. The company sells its cloud, license, hardware, support and services offerings directly to businesses and government agencies globally. Company’s market capitalization is $180.58 billion. Oracle’s stock trades at price-to-earnings (P/E) ratio of 28.08 for trailing twelve months (ttm). Over the past 12 months, it has generated revenue of $42.44 billion, Return on Assets (ttm) of 8.23% and Return on Equity (ttm) 7,301.09%. Credit Suisse estimates Oracle can reaccelerate revenue growth into the double digits, according to analysts report released on Tuesday. Credit Suisse analysts believe Oracle Cloud is uniquely positioned to reduce the total cost of ownership of Oracle Database workloads that cannot be replicated by other IaaS vendors. Expectations of higher earnings is bullish for stock price.
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