United

Resistance

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>ORCL stock price slipped over 8.50% in a quarter and over 6.50% in a month.&nbsp;</a> </li> 
 <li> <span>2</span> <a>The market capitalization of Oracle Corp is 43% higher than the same time 2022.</a> </li> 
 <li> <span>3</span> <a>ORCL stock price is expected to open above its previous closing of September 21, 2023.</a> </li> 
</ul> 
<p>ORCL stock is on a steady path towards profitability, demonstrating a $25.41 rise in trading price in Year-to-Date time frame. However in the monthly time frame it lost $7.11.</p> 
<h2 class="wp-block-heading" id="strong-oracle-corp-orcl-stock-price-analysis-strong"><strong>Oracle Corp (ORCL) Stock Price Analysis&nbsp;</strong></h2> 
<p>In the 52 weeks time frame, Oracle stock peaked at $127.57 and its lowest trading price was $60.78. The annual price target of ORCL stock is $130.40 which is 19.16% greater than its current trading price.&nbsp;</p> 
<p>On September 12, 2023 a steep decline in the trading price of ORCL stock price was observed amid bearish dominance. The MACD line is intersecting the zero line and approaching the negative region or sellers region.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized">
  <img decoding="async" loading="lazy" src="https://lh3.googleusercontent.com/2GwwP4WBimWEqLD_AOxiocYlTwrfEWVd-4F-OGpu9P_Lr-F601Y_k7MKDFlCfE4i8YAuF-b3jjfEYhTNnSYKj7RO2r_FETrcrVWMI7PGwn_lXtZ5iO0Dh0y7VAU8T3oUGyTDgKiD0hV5c-Jg5qWvKM8" alt="Oracle Corp: ORCL Stock Lost 6.88% Following Negative Earnings" style="width: 100%;height:581px" width="1170" height="581">
  <figcaption class="wp-element-caption">
   Source: ORCL stock price chart from <a href="https://www.tradingview.com/x/9W2B15DR/">TradingView&nbsp;</a>
  </figcaption>
 </figure>
</div> 
<p>The RSI line is below the RSI-based MA line and is constantly approaching the oversold region. Oracle Corporation has a market capitalization of $299.819 Billion.&nbsp;</p> 
<p>As per data of companiesmarketcap(dot)com, a surge of 43.77% is seen in market cap in 2023 compared to the same period in 2022.&nbsp;</p> 
<p>According to TradingView, 1.53 Billion Oracle shares are free floating and the remaining 42.47% are closely held. At press time, ORCL stock was trading above 200 day EMA and at the same time trading below 20,500 and 100 day EMAs.&nbsp;</p> 
<p>According to market analysts, ORCL stock will open above the previous closing price of September 21, 2023.</p> 
<p><a href="https://www.thecoinrepublic.com/2023/08/17/oracle-stock-price-prediction-can-orcl-break-all-time-high/">Oracle Corp. </a>engages in the provision of products and services that address aspects of corporate information technology environments, including applications and infrastructure technologies</p> 
<h3 class="wp-block-heading" id="strong-oracle-corp-financial-updates-strong"><strong>Oracle Corp Financial Updates&nbsp;</strong></h3> 
<p>Oracle Corp disappointed investors by reporting less revenue than estimated in the first quarter of 2023. The reported EPS was 3.45% greater than the estimated EPS.&nbsp;</p> 
<p>$13.06 Billion is the estimated revenue for the upcoming quarter. In 2022, Oracle Corp. reported $49.95 Billion in revenue, from which its net income was $8.05 Billion and profit margin was 17.02%.</p> 
<p>Majority of Oracle’s income is generated from the business of cloud services and licensing. Its major business spots are the United States, EMEA, ASia Pacific, Americas, Germany and Japan including others.&nbsp;</p> 
<p>Long term total liabilities of Oracle Corp are $109.74 Billion and assets are $113.38 Billion.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Level: $107.30 &amp; $104.84</p> 
<p>Resistance Level: $112.94 &amp; $115.14&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong>: </h4> 
<p>Oracle Corp has added over $25 in YTD time frame, but over the past three months, it seems to be shrinking. As per market data, a major gap in trading price was seen after the company released its Q1 2023 earnings. Market analysts believe that there is a probability of more decline in the coming sessions.</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>

Oracle Corp: ORCL Stock Lost 6.88% Following Negative Earnings

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Thecoinrepublic.com

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