$ORCL Oracle Corporation Stock Robo Analyst October 15 2019 #ORCL

Oracle Corporation (ORCL) “On a long-term technical basis, the stock (ORCL) is trading above its 200-day moving average which implies it is in a positive trend. However, the stock has recently broken through an important trendline at 59.30 suggesting the next support level is at 56.29. This weakness suggests the long-term trend is turning neutral.

The stock has support at 56.29 and 53.47. If the stock breaks down through support at 56.29 then it will probably continue lower to 53.47. The stock will meet resistance at 57.47 and 60.50. If the stock breaks up through resistance at 57.47 then it will probably continue higher to 60.50. The 200-day moving average is at 53.47. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (79.04).”