Oracle opens a fresh Buy signal, first week
Oracle stock slips 2.7%, but the EMA20 bounce keeps the buy signal alive
Our view last week
After seven weeks of a Sell signal, a new Buy signal has just triggered on Oracle this week: the stock gained 2.4%, but the week closed with three distribution warnings, a sign the push still needs confirming. Oracle stock sits at 76 out of 100 in signal strength, among the widest moves in our US Long basket, with entry tied to a breakout above the 159 area. In our weekly technical analysis, the setup looks promising but calls for discipline.
This week's summary
Oracle stock closes the week down 2.7%, but on the daily chart the stock has just bounced 7% off its own 20-day moving average, in the 143 area, after a touch in the 137 area: a clean return to dynamic support, with buyers dominating the last session's volume. It's the first week of a fresh Buy signal, and the model treats it as confirmed despite the setback. Our technical analysis on Oracle still calls for managing the trade with discipline: the tech sector is going through a weak phase.
IQS Phase
45
ordinary
Signal Strength
74
high · wide & volatile
Sizing
FULL
Ranking
#63 / 167
US stocks in progress
Trade P&L %
-2.69%
from signal to date, no stop loss
Rank position
ranks 63rd among the 167 Longs already running for US stocks in our ranking, with a signal strength of 74 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -3.53% · monthly +1.69%
ORCL belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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