Secure

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Oracle (ORCL) stock price seems as if it is struggling to show the bull’s dominance.</a> </li> 
 <li> <span>2</span> <a>ORCL stock price performed bullishly in its year-to-date (YTD) price analysis with over 42% of the rise.</a> </li> 
</ul> 
<p>Oracle (NYSE: ORCL) stock price showed a bullish trend in the recent day of trading. Since last month, ORCL stock showed a 1.61% of price decline which is now showing a bullish market trend with a slightly upside market trend.</p> 
<p>Notably, earlier this week on July 31, 2023, Monday, Oracle Cloud Infrastructure (OCI) introduced the latest Secure Cloud Computing Architecture (SCCA) for the U.S. Department of Defense (DoD).</p> 
<p>According to a recent report by Yahoo Finance, the U.S.-based business news platform, “the solution helps make security compliance and cloud adoption for mission-critical workloads easier, faster, and more cost-effective by using a framework of cloud-native services.”</p> 
<h2 class="wp-block-heading" id="strong-orcl-stock-price-analysis-strong"><strong>ORCL Stock Price Analysis</strong></h2> 
<p>The next day after the announcement by OCI, ORCL stock price rose 0.58% on August 1, 2023, Tuesday’s trading session. It can be said that OCI’s recent update supported ORCL share price reversing last month’s performance. The opening price of ORCL stock in Tuesday’s trading session was $116.92 while the stock market closed at $117.91 while adding $0.68.</p> 
<p>However, the YTD price of the stock also showed bullish market sentiment which showed the bear’s dominance in the recent month.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/1RCBr5E3TtJPQzNStITgm8JTGWlgQVfaVVmAYpqLufSPM7nEOv7PKlQLofMjXQBEGP20RbB1_3oQgQQZx99t6gI2BNS2eaUtnkULGca4BviLxtFSRty-GPRmvns1WKBgPBFQz1BYuNjI2AtahNmGgw" alt="Will Oracle (ORCL) Stock Continue its Previous Market Trend?"> 
  <figcaption class="wp-element-caption"> <strong>Source: ORCL/USD by </strong><a href="https://www.tradingview.com/x/5t6Nxmoi/" target="_blank" rel="noopener noreferrer nofollow"><strong>TradingView</strong></a> 
  </figcaption> 
 </figure> 
</div> 
<p>As the above chart shows, ORCL <a href="https://www.thecoinrepublic.com/2023/08/01/mrvl-stock-price-indicated-over-7-million-volume-in-one-day/" target="_blank" rel="noopener noreferrer nofollow">stock </a>price is showing little price drop, nearing its 20-day moving average. Due to increased activity in the last month, ORCL shares mostly traded near its 20-day moving average. However, it traded below the price range of $121.00.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized"> 
  <img decoding="async" loading="lazy" src="https://lh4.googleusercontent.com/v09HQVYTYQ-WU5qpdY-KDNPgW0c-Pmy1BFhynjCZ6MtWVkPVdL5dUJkMd8pOFQ508OzlNJcYHp8M6wDkuJE0TMQLedmprHVVH2mOhdO29d6XbdtVb3rhA23um0CiqlyBYuLZ8ouerLGHrz7swu_j7g" alt="Will Oracle (ORCL) Stock Continue its Previous Market Trend?" width="1166" height="527"> 
  <figcaption class="wp-element-caption"> <strong>Source: Price Target of Oracle Stock by TradingView</strong> 
  </figcaption> 
 </figure> 
</div> 
<p>Since the last<a href="https://www.thecoinrepublic.com/2023/07/14/oracle-orcl-stock-price-analysis-after-its-q4-2022-report/" target="_blank" rel="noopener noreferrer nofollow"> price target</a> update from analysts, the one-year price target of Oracle stock is showing at $129.15, up by over 9% from the recent closing price of the stock. In the past three months, analysts gave a “buy” rating to Oracle Corporation.</p> 
<h3 class="wp-block-heading" id="strong-industry-update-strong"><strong>Industry Update</strong></h3> 
<p>In the packaged software industry, Paycom Software Inc. (NYSE: PAYC), Adobe Inc. (NASDAQ: ADBE), and Phreesia, Inc. (NYSE: PHR) showed 0.55%, 0.54%, and 0.54% of price growth in one day, respectively. Oracle stock price also showed almost similar price gain in the last one day.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized"> 
  <img decoding="async" loading="lazy" src="https://lh5.googleusercontent.com/WnJbO-Zyxotf2ZG720FV5XCKhqIXXXvJZMc5ZdPX5iYPf8eLiuNHF9fmW9M03ikjs6hOZTrS2913294IkBPUF87_IhIZGoAeKlq7DEw8QosiyLQ2zggGK9G_c3ToDo5A3VXf0o5cA4r53AVhYJXxvQ" alt="Will Oracle (ORCL) Stock Continue its Previous Market Trend?" width="1158" height="283"> 
  <figcaption class="wp-element-caption"> <strong>Source: TradingView</strong> 
  </figcaption> 
 </figure> 
</div> 
<p>Additionally, Motorsport Games Inc. (NASDAQ: MSGM), T Stamp Inc. (NASDAQ: IDAI), and Rubicon Technologies Inc. (NYSE: RBT) showed maximum price gain with over 92%, 74%, and 40%, respectively.</p> 
<p>On the other hand, ZoomInfo Technologies Inc. (NASDAQ: ZI), Zenvia Inc. (NASDAQ: ZENV), and Expensify Inc. (NASDAQ: EXFY) experienced a bearish trend with over 26%, 23%, and 20% of price drop, respectively.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

Will Oracle (ORCL) Stock Continue its Previous Market Trend?

Table of Contents

Thecoinrepublic.com

Other articles published on Aug 2, 2023

Decentralized Exchange Balancer Live on Avalanche

Bitcoin Price Recovers Within Range, Bears Still In Control Below $30K

Uniswap (UNI) Price Accumulates From Bottom; Surging Toward $7.00

Etana Custody Launches Digital Asset Trading Services For Credit Unions

Polygon Stays Firm Above $0.60 But Moves In A Range

July 2023 Monthly Update

Join our free newsletter for daily crypto updates!