Oracle (ORCL, $97.52) stocks continue to rise and are currently near their historical highs.
During Wednesday's main trading session, the Dow Jones Industrial Average futures increased by 44 points, or 0.14%, while the S&P 500 futures rose 0.26% and the Nasdaq-100 futures ticked up 0.21%. The market reactions were relatively muted, and the Nasdaq Composite gained 1.04%, closing at 12,306.44. The S&P 500 inched up 0.45% to close at 4,137.64, while the Dow Jones Industrial Average ticked down 0.09% to end at 33,531.33. Our robots also experienced relatively small gains during the main session.
After a 3-day advance of +2.31%, the price of ORCL is expected to continue its upward trend. Historical data shows that in 196 out of 340 instances where ORCL advanced for three days, the price continued to rise within the following month. This suggests that the odds of a continued upward trend are at 58%.
Additionally, the Aroon Indicator has entered an uptrend today. In 140 out of 321 cases where ORCL's Aroon Indicator entered an uptrend, the price continued to rise within the following month. This indicates that the odds of a continued uptrend are at 44%.
ORCL's Stochastic Oscillator dives oversold zone
The Stochastic Oscillator for ORCL moved into oversold territory on October 28, 2024. Be on the watch for the price uptrend or consolidation in the future. At that time, consider buying the stock or exploring call options.
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ORCL advanced for three days, in of 352 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 323 cases where ORCL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for ORCL moved out of overbought territory on October 15, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 50 similar instances where the indicator moved out of overbought territory. In of the 50 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on October 23, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ORCL as a result. In of 80 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for ORCL turned negative on October 01, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 42 similar instances when the indicator turned negative. In of the 42 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ORCL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
ORCL broke above its upper Bollinger Band on October 08, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. ORCL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (61.350) is normal, around the industry mean (30.698). P/E Ratio (33.108) is within average values for comparable stocks, (161.895). Projected Growth (PEG Ratio) (1.057) is also within normal values, averaging (2.738). Dividend Yield (0.013) settles around the average of (0.083) among similar stocks. P/S Ratio (6.720) is also within normal values, averaging (55.771).
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General Information
a developer of a diversified line of business software products
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