Oracle emits more weakness signs - Analysis - 18-01-2021

Economies.com
2022-01-18 11:10AM UTC

Oracle's stock (ORCL) fell 0.11% in the last session, amid the dominance of the downward correctional short-term trend, while hurt by piercing the main upward trend line, with negative pressure from the 50-day SMA, settling thereafter at 87.69, amid negative signals from the RSI after reaching overbought levels.

 

Therefore we expect more losses for the stock, targeting the pivotal support of 84.95, provided the resistance of 91.30 holds on.

 

Expected trend for today: Bearish

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