Oracle stock: buy or sell

ORCL stock price: $78.89 0.96% At close on May 14th, 2021

Updated on:
May 17th, 2021

2

Oracle stock brief

  • Oracle closed last Friday at $78.89 after barely moving a 0.96% breaking a streak of 3 sessions in red.
  • Barclays published a neutral rating for Oracle on Monday, with a forecast of $80.00
  • Price is drawing a scaled uptrend since October 2020 with higher tops and higher bottoms. This uptrend marked a 44.25% gain
  • 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?

In the current situation of Oracle there is just one buy setup eligible:

Uptrend buy setup

Oracle stock continues to trend higher since in October 2020 and marked an amazing 44.25% gain. Price marked a local bottom in this uptrend at $73.85 in late April, and since then it bounced up a 6.82%. Now, it's just 1.67% away from breaking out above its last top and resume the uptrend. The new buy point is therefore at $80.21. If you decide to enter this trade, the suggested stop loss is at $72.19

Buy setupBuy pointStop lossRisk
Uptrend buy setup$80.21$72.1910.00%

Should I sell Oracle stock?

"To sell or not to sell", if you are holding Oracle shares?. Just as when we have to buy shares, deciding when is appropiate to sell is not a whimsy decision, and we must use our own trading strategy. Our trading system selects 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 $ORCL stock

As a golden rule, you should never keep a trade that produces losses greater than those expected upon purchase. When to sell shares should always 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

In the last 30 days, 7 analyst ratings were published for Oracle

Oracle analysts' ratings - Last 30 days
Brokerage firmRating
Apr 21st, 2021
DZ Bank Strong buyNeutral
Apr 22nd, 2021
Cowen Buy
Wolfe Research
Apr 27th, 2021
DZ Bank Strong buyNeutral
Apr 28th, 2021
Wolfe Research
May 10th, 2021
Barclays
May 17th, 2021
Barclays

Oracle stock analysis

Oracle stock started an uptrend in October 2020, and grew an amazing 44.25%. The price shows higher highs and higher lows, and along the way provided some buy points for those who wanted to invest. Latest low was in late April, when price bounced at $73.85. Now, the price trades in a consolidation between its last top ($80.21) and its last bottom ($73.85)

SMAs overview

ORCL stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $80.21 (1.67% above)
  • The current support levels are:

  • S1: $73.85 (-6.39% below)
  • S2: $73.30 (-7.09% below)
  • S3: $65.66 (-16.77% below)
  • Bollinger bands

    Since the price surpassed the upper band on May 7, the price corrected downwards by 2.05%. The price is moving very close to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell signal, as price can move in these levels for many days and weeks

    ORCL stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 last Tuesday after just crossing to the overbough zone for just one day (weak signal). The RSI reading last Friday was 60. Since that level was lost, Oracle price fell a 1.57%

    ORCL stock RSI chart

    Oracle stock price history

    Oracle started trading on Mar 12th, 1986 at $0.05 per share1. Since then, ORCL stock surged by 157,680.00%, with an average of 4,505.14% per year. An investment of thousand dollars on Mar 1986 would worth $1,577,800.00 nowadays.

    1: Adjusted price after possible price splits or reverse-splits

    ORCL stock price history chart

    Price target for Oracle stock

    Nobody knows how much a share will be priced in the future. Banks and financial organisations publish their analysis predicting how a stock will performance in the future.

    Along with buy or sell recommendations, brokerage institutions release their price predictions based on the stock price action and the company fundamental data. Most of these predictions follow the publication of new financial information by the company, and usually. If you are a small trader you should not trade based on these forecasts.

    Averaging all price targets exposed below, the predicted price for Oracle stock is $80.00. Oracle closed at $78.89 last Friday, so the target price is forecasting a growth by 1.41%.

    Oracle stock price predictions
    Brokerage firmPrice target
    Apr 21st, 2021
    DZ Bank $80.00
    Apr 22nd, 2021
    Cowen $77.00$85.00
    Wolfe Research Not available
    Apr 27th, 2021
    DZ Bank $80.00
    Apr 28th, 2021
    Wolfe Research $75.00
    May 10th, 2021
    Barclays $80.00
    May 17th, 2021
    Barclays $80.00

    Earnings and financials

    Investors event was hosted by Oracle ($ORCL) last March after presenting the financial report. Oracle surpassed consensus earnings estimates and posted of $1.16, that is a 4.50% increase compared to the initial forecasts of $1.11. On the other hand, reported revenues of $10.1 billion were in line with consensus forecasts.

    Same quarter one year ago, reported EPS was $0.97, so current EPS means an increase of 19.59%. Sales just moved on an annualized basis in the , from $98.0B to $100.9B last quarter.

    Oracle ($ORCL) posts Q4 financial report mid next June. Wall Street expects of $1.31, compared to Q3 that was $1.16.

    Oracle performance

    ORCL performance compared
    Company1m3m6m
    Oracle ($ORCL) 0.70% 25.50% 38.90%

    Disclaimer:
    The opinions contained in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this report does not have any knowledge of the particular scenarios of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are expressed for education purposes only

    Oracle summary

    Friday, May 14th, 2021
    Open$78.12
    Close$78.89
    Day range$78.12 - $79.05
    Previous close$78.14
    Session gain0.96%
    Average true range$1.94
    50d mov avg$73.48
    100d mov avg$68.14
    200d mov avg$62.78
    Earnings dateJune 15th, 2021

    Frequently asked questions

    What is Oracle stock symbol?

    Oracle Corporation is a public company trading in the US stock market with the ORCL symbol

    Is Oracle stock a buy or sell?

    Oracle received 7 ratings in the last 30 days: 1 bullish, 0 bearish and 2 neutral.

    Will ORCL go up?

    Oracle had different price forecasts published by analysts in the last 4 weeks forecasting the target price to $80.00. That is a 1.41% than the current price ($78.89).