Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Oracle's stock (ORCL) fell 1.71% in the last session while hurt by piercing the upward short-term trend line, while suffering negative pressure from the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels.
Therefore we expect more losses for the stock, targeting the support of 73.50, provided the resistance of 80.15 holds on.
Expected trend for today: Bearish