$ORCL Oracle Corporation Stock Robo Analyst October 20 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 broken through an important trendline at 56.28 suggesting the next level of support is 53.81. The long-term uptrend has now turned neutral.

The stock has support at 53.81 and 49.89. If the stock breaks down through support at 53.81 then it will probably continue lower to 49.89. The stock will meet resistance at 55.64 and 58.79. If the stock breaks up through resistance at 55.64 then it will probably continue higher to 58.79. The 200-day moving average is at 53.62. This will also act as support. If the stock closes below 53.01 a negative trend change is probable. Look for the stock to fall to the level where it started prior to the latest big upmove. The stock is slightly overbought according to the Stochastic Indicator (65.89).”