Home Markets Stocks Chart of the Day: Oracle May Have Found Support

Chart of the Day: Oracle May Have Found Support

By

-

May 7, 2024

553

Oracle jumped to new highs almost two months ago. Now, after a pullback, the software giant may have found support.

The first pattern on today’s chart is the gap higher on March 12 after earnings surprised to the upside. ORCL retraced the move and is starting to rebound after holding previous levels.

The stock is also …

For more, please click here to view the related idea and chart analysis on TradingView.

Oracle (ORCL), *daily chart, with selected patterns and indicators, courtesy of TradingView*.

Explore the most actively traded options

Trade 600+ futures products on an advanced platform

IMPORTANT INFORMATION:

Market Insights, its pages and content are hosted by TradeStation Group, Inc.

TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.

Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com/DisclosureOptions. Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com/Important-Information/. System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.

Options Alert: Call Volume Spikes in Consumer Lender

Elections and Global Risk: Futures Might Help at Moments Like This

Stocks Slide and Yields Rise Before Key U.S. Elections

Stocks Finish October in the Red as Big Tech Breaks Lower

Options Alert: Call Volume Spikes in Consumer Lender

Elections and Global Risk: Futures Might Help at Moments Like This

Large Options Trade Appears in Coinbase as Bitcoin Rallies

Chart of the Day: JD.com Jumped. Will it Jump More?

Earnings From Big Technology Stocks Are Coming Soon

The Economy Could Be Accelerating as the Fed Prepares Rate Cuts

Big Technology Companies Report Earnings Soon

The Bond Market Could Be Looking Past a Hawkish Fed

Election Ignites Banks, Transports, Metals: Market Trends This Week

Are Chips Getting Left Behind? Market Trends This Week

Optimize Single-Click Trading Using the Matrix

Extend Your Trading Day Hours with TradeStation

Chart of the Day: Oracle May Have Found Support

LATEST NEWS

Options Alert: Call Volume Spikes in Consumer Lender

Large Options Trade Appears in Coinbase as Bitcoin Rallies

Earnings From Big Technology Stocks Are Coming Soon

AMD Has Lagged in the AI Race. Could It Catch Up This Week?

Options Focus: ‘Golden Cross’ in J&J as Earnings Approach

MUST READ

Extend Your Trading Day Hours with TradeStation

Stocks Slide and Yields Rise Before Key U.S. Elections

Rolling Options: Key Things for Traders to Know

Apple iPhone, Amazon Prime Day, Giant Fintech IPO: October Could Be...

This Footwear Company Is Growing Like Never Before. Can You Guess...