ORCL closes within prior day's range

Oracle Corporation (ORCL) Technical Analysis Report for Sep 14, 2018 | by Techniquant Editorial Team


ORCL finds buyers again around 48.94
ORCL closes within previous day's range


ORCL finished the week 3.01% higher at 49.25 after gaining $0.29 (0.59%) today on high volume. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range.

Daily Candlestick Chart (ORCL as at Sep 14, 2018):

Daily technical analysis candlestick chart for Oracle Corporation (ORCL) as at Sep 14, 2018

Friday's trading range was $0.51 (1.04%), that's slightly below last trading month's daily average range of $0.60. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being slightly below average.

During the whole day, prices traded within the prior day's range, unable to trade above the previous day's high or below the prior day's low forming an Inside Bar.

Prices are trading close to the key resistance level at 49.70. After having been unable to move lower than 48.88 in the previous session, Oracle Corp. found buyers again around the same price level today at 48.94.

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Buying might accelerate should prices move above the close-by swing high at 49.75 where further buy stops could get triggered.

Market Conditions for ORCL as at Sep 14, 2018

Loading Market Conditions for ORCL (Oracle Corporation)...
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ORCL finds buyers again around 55.90

Jun 24, 2019
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