ORCL Stock Confirms Bullish Cup-and-Handle Pattern with 60.45% Target Odds
On May 09, 2023, a bullish Cup-and-Handle pattern was detected on ORCL (Oracle Corporation) stock, with confirmation on May 10, 2023. This is a significant technical indicator that could suggest a potential upward trend for the stock.
The Cup-and-Handle pattern is a reliable technical analysis tool used to identify potential bullish trends in a stock's price movement. It is formed when the price of security declines, forming a U-shaped rounded bottom, followed by a short, relatively straight price decline known as the handle.
The Cup-and-Handle pattern is a continuation pattern, meaning it suggests that the stock's previous trend, in this case, a downtrend, will continue in an upward direction. It is a signal that traders and investors can use to identify potential buying opportunities.
Based on the pattern's confirmation, traders and investors can consider buying ORCL stock at the upward breakout price or entry point. The confirmation move is when the security moves past the breakout price above the right cup lip, indicating a potential uptrend in the stock's price.
According to the odds, there is a 60.45% chance that ORCL stock will reach the target price. While there are no guarantees in trading, the Cup-and-Handle pattern's high probability suggests that traders and investors can consider buying ORCL stock with a bullish outlook.
Overall, the bullish Cup-and-Handle pattern identified in ORCL stock on May 09, 2023, suggests a potential upward trend in the stock's price movement. Traders and investors can use this pattern to identify potential buying opportunities, with a high probability of reaching the target price. However, it is important to remember that trading involves risk, and traders should always exercise caution and perform thorough research before making any investment decisions.
ORCL in downward trend: 10-day moving average crossed below 50-day moving average on September 20, 2023
The 10-day moving average for ORCL crossed bearishly below the 50-day moving average on September 20, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 12, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on ORCL as a result. In of 77 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 September 12, 2023. 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 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .
ORCL moved below its 50-day moving average on September 12, 2023 date and that indicates a change from an upward trend to a downward trend.
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 .
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where ORCL's RSI Indicator exited the oversold zone, of 23 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 13 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ORCL advanced for three days, in of 334 cases, the price rose further within the following month. The odds of a continued upward trend are .
ORCL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 343 cases where ORCL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
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 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 90, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady 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 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 PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent 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 Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly 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 (123.457) is normal, around the industry mean (19.804). P/E Ratio (31.646) is within average values for comparable stocks, (153.058). Projected Growth (PEG Ratio) (2.006) is also within normal values, averaging (2.596). Dividend Yield (0.014) settles around the average of (0.087) among similar stocks. P/S Ratio (5.831) is also within normal values, averaging (74.161).
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High and low price notable news
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a developer of a diversified line of business software products
Industry PackagedSoftware
ORCL and
Correlation & Price change
A.I.dvisor indicates that over the last year, ORCL has been loosely correlated with ADBE. These tickers have moved in lockstep 51% of the time. This A.I.-generated data suggests there is some statistical probability that if ORCL jumps, then ADBE could also see price increases.
| Ticker / NAME | Correlation To ORCL | 1D Price Change % | ||
|---|---|---|---|---|
| ORCL | 100% | -2.05% | ||
| ADBE - ORCL | 51% Loosely correlated | -2.72% | ||
| CDNS - ORCL | 51% Loosely correlated | -3.30% | ||
| SNPS - ORCL | 51% Loosely correlated | -2.86% | ||
| PTC - ORCL | 50% Loosely correlated | -2.13% | ||
| ROP - ORCL | 48% Loosely correlated | -0.76% | ||
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