Tickeron detected bullish Stock Pattern: Cup-and-Handle on May 09, 2023

A.I.dvisor
at Tickeron.com
05/14/23
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Cup-and-Handle
ORCL - Oracle Corp
Emerged: 05/09/23
Confirmed: 05/10/23
Breakout: $96.73
Price: $97.44
Target price: $99.73
A.I.dvisor detected a bullish Cup-and-Handle pattern for ORCL stock. This pattern was detected on May 09, 2023 and confirmed on May 10, 2023 . The odds of reaching the target price are 6. The Cup-and-Handle (sometimes called Cup-and-Holder) pattern is formed when the price of a security initially declines and then rises to form a “U”-like rounded shape (1, 2, 3, also known as the Cup). Once it forms the right lip, it is characterized by short, relatively straight price decline (from 3 to 4) forming the handle. Consider buying a security or call option at the upward breakout price/entry point. The confirmation move is when the security moves past the breakout price above the right cup lip.
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General Information

a developer of a diversified line of business software products

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
Packaged Software
Address
2300 Oracle Way
Phone
+1 737 867-1000
Employees
164000
Web
https://www.oracle.com
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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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ORCL
1D Price
Change %
ORCL100%
-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%
More