Oracle stock: buy or sell
Updated on:
Mar 2nd, 2021
2
Oracle stock brief
- Oracle exploded a 2.57% after making new highs on Monday
- On Monday, it broke out above $65.95, a resistance not crossed since last December.
- The price is currently higher than the upper Bollinger band, which usually indicates a short-term correction
- Oracle Corporation provides products and services that address enterprise information technology environments worldwide.
Should I buy Oracle stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $ORCL stock a buy?
Currently, Oracle stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $ORCL will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Oracle stock?
"To sell or not to sell", if you are holding Oracle shares?. Trading strategies allow us to avoid impetuous decisions based on our personal feelings or the buzz surrounding the market. We like very simple setups to guide us on when is a good moment to sell a stock. Be aware that these setups should not be used for selling short Oracle stock
As a golden rule, you should never hold a trade that results in losses greater than those expected at the time of purchase. When to sell shares always has to be determined by the stop-loss (automatic or manual)
Is it time to sell Oracle stock?
In the current situation of Oracle there is not any eligible sell setup, so Oracle stock holders with operations in profit can keep their positions
Oracle ratings
We don't have any rating published in the last month for Oracle
Oracle stock analysis
$ORCL at All-time Highs
Oracle did it again, and marked all-time highs (ATH) on Monday at $66.73
SMAs overview
Supports and resistances
Price is at all-time highs and there are not upper resistances.
The current supports are:
Bollinger bands
Price levels both above or below the Bollinger Bands indicate that the price has has trended strongly to extreme upward or downward values. At this point, the price is over the upper band, which should mean a short-term correction (at least) until it is below the band
Relative strength index
The RSI dropped below the overbought level of 70 last January after just crossing to the overbough zone for a single day (weak signal). The RSI value on Monday was 65.26. Since then, Oracle price exploded a 2.68%
Oracle stock price history
Oracle IPO was on Mar 12th, 1986 at $0.05 per share1. Since then, ORCL stock has risen by 132,240.00%, with an average of 3,889.41% per year. An investment of $1,000USD on the IPO would worth $1,323,400.00 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Oracle stock
Nobody can predict how much a stock will be priced in the future. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, brokerage institutions post their price predictions based on the stock price action and the company fundamental data. Most of these predictions follow the release of new financial information by the company, and usually. Again, these forecasts are not direct recommendations for individual investors and should not be followed blindly.
We don't have any target price posted in the last month for Oracle.
Earnings and financials
Oracle ($ORCL) had the quarterly investors call and released the report last December. Oracle presented earnings of $1.06 per share on sales of $9.8 billion. The market estimate was $1.00 per share on revenue of $9.8 billion.
Same quarter one year ago, reported EPS was $0.90, so recently reported EPS is an increase of 17.78%. Looking at revenue, figures only changed compared to $96.1B same quarter last year.Oracle ($ORCL) is hosting the quarterly earnings call on Thursday next week. Wall Street predicts of $1.11, compared to previous quarter that made $1.06.
Oracle performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Oracle ($ORCL) | 8.20% | 15.70% | 16.30% |
Important note:
The thoughts contained in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this text does not know the individual positions of the reader, his or her own financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are expressed for educative reasons onlyOracle summary
| Monday, March 1st, 2021 | |
|---|---|
| Open | $64.95 |
| Close | $66.17 |
| Day range | $64.77 - $66.73 |
| Previous close | $64.51 |
| Session gain | 2.57% |
| Average true range | $1.61 |
| 50d mov avg | $62.94 |
| 100d mov avg | $60.55 |
| 200d mov avg | $57.90 |
| Earnings date | March 11th, 2021 |