Based

Million

Resistance

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>ORCL stock rose by 50.76% since the beginning of the year and by 17.66% in the last three months, it’ll soon announce how much money it made in the past quarter.</a> </li> 
 <li> <span>2</span> <a>Oracle stock price trades above the 20, and 50-day daily moving averages, buyers are dominating over sellers, and the price is near key resistance.</a> </li> 
 <li> <span>3</span> <a>Oracle Corporation ( NYSE: ORCL) stock’s 52-week price range is around $60 – $127.</a> </li> 
</ul> 
<p>ORCL is a company that provides IT solutions for different businesses and organizations around the world. ORCL is a company that sells software and hardware for IT solutions. Its stock price has been going up since the last week of October, last year. Many people wanted to buy its stocks. But the stock price met some resistance at $127 and went down a bit in the last couple of weeks to around $111, which is a 23.60% Fibonacci level.&nbsp;</p> 
<p>It has various cloud software applications that help customers manage their finances, operations, employees, customers, and marketing. It also has cloud software for specific industries, such as healthcare and advertising.</p> 
<p>The company also offers technologies that support its cloud and license business, such as databases, development tools, middleware, and cloud-based services. Some of its technologies are autonomous, which means they can run and improve themselves without human intervention. The company also sells hardware products and services, such as servers, storage, and industry-specific devices.</p> 
<p>Oracle Corporation sells its products and services directly to customers or through partners. The company started in 1977 and has its headquarters in Austin, Texas.</p> 
<p>The company expects to make $1.15 per share and $12.441 Billion in total in the next three months. It will announce its results on September 11th, 2023.</p> 
<p>ORCL’s stock price was $124.33 with an intraday increase of 0.28%. Also, the number of ORCL stocks traded intraday was 8.728 Million, which is less than the average number of 8.063 Million in the last 10 days.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-orcl-stock-price-in-1-d-timeframe-strong"><strong>Technical Analysis of ORCL Stock Price in 1-D Timeframe</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="566" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-131-1024x566.png" alt="ORCL Stock Forecast: Will It (NYSE: ORCL) Halt, As Reports Near?" class="wp-image-165651" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-131-1024x566.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-131-300x166.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-131-768x424.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-131-750x414.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-131-1140x630.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-131.png 1461w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: ORCL.1D.NYSE by TradingView
  </figcaption>
 </figure>
</div> 
<p>Based on the data from Price Action, its stock price is going up and could go higher in the next few days. The people who are buying the stock are pushing the price up by holding on to their shares.</p> 
<p>ORCL is a company that sells software and hardware for IT solutions. Its stock price has been rising fast from $60 to $127. It also bounced back from Fibonacci levels. Fibonacci levels are based on mathematical formulas and are in the range of 78.60%, 61.80%, 50.00%, and 38.20%.</p> 
<p>The current stock price of ORCL might go up more. It could reach the next levels of $124 and $127.</p> 
<p>But if the stock price falls below $119, which is an important level, it could drop to $114 or lower.</p> 
<p>Right now, Oracle Corporation (NYSE: ORCL) is trading above 20 and 50 EMA, which are two lines that show the average price over time. RSI is around 66, which means the stock is not too overbought or oversold. MACD shows that the <a href="https://www.thecoinrepublic.com/2023/08/10/sudden-decline-in-orcl-stock-investors-lost-2-13-intraday/">stock</a> is gaining momentum and is likely to go up more. All these indicators suggest that the ORCL stock price will continue to rise.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>ORCL’s stock prices have gone up lately, reaching over $100 per <a href="https://www.thecoinrepublic.com/2023/08/10/sudden-decline-in-orcl-stock-investors-lost-2-13-intraday/">share</a> and showing signs of a strong upward trend. The stock prices could break through the key resistance level if they keep rising. The technical indicators for ORCL also confirm the positive outlook, as they have turned bullish. The market sentiment for ORCL is also optimistic, as many traders and investors are buying and holding the stock.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p><strong>Support levels</strong>: The nearest support levels for ORCL price are $119 and $114.</p> 
<p><strong>Resistance levels</strong>: The nearest resistance levels for the ORCL stock price are $124 and $127.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

ORCL Stock Forecast: Will It (NYSE: ORCL) Halt, As Reports Near?

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