Buy signal in week 7, trade in the red
Oracle rebounds 3.8% after 3 down weeks, yet the 20-day average still caps the price
Our view last week
A heavy week for Oracle stock: a 7.1% drop, the third decline in a row, with sellers extremely dominant in the weekly bar and buying below 25% of volume. The slide takes the price right up to the Inversion Point, in the 136 area, and the MACD histogram turns lower after 8 weeks of gains. Last week's pause did not hold. Among our weekly buy signals on US tech stocks, Oracle's has reached week 6: technical analysis now calls for caution, with price action trading to watch.
This week's summary
Oracle printed a fresh 30-day low this week, in the 132 area, but the close did not confirm it: the week ends up 3.8%, the first gain after 3 straight declines. A week ago Oracle stock had slid to the edge of the Inversion Point, in the 137 area, and the weekly close has defended it. The rebound stalled under the 20-day moving average, though, and the ADX has been falling for 10 weeks. Our buy signal stays open and in the red: technical analysis still calls for caution.
IQS Phase
35
ordinary
Signal Strength
74
high · wide & volatile
Sizing
FULL
Ranking
#46 / 93
US stocks in progress
Trade P&L %
-5.46%
from signal to date, no stop loss
Oracle (ORCL) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 46th among the 93 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 regimein strong phase
Performanceweekly +1.80% · monthly +8.83%
ORCL belongs to the growth tech sector (reference ETF XLK). The sector is classified in strong phase according to our weekly reading.
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