Oracle tries to vent off oversold saturation - Analysis - 04-01-2021

Oracle's stock (ORCL) rose 0.79% in the last session after plumbing 85.74, bouncing off it higher and settling at 87.90, while recouping past losses, as it also vented off oversold saturation in the RSI amid positive signals out of them, with continued negative pressure from the 50-day SMA.

Therefore we expect the stock to decline and target the support at 84.95, provided the resistance of 91.30 holds on.

Expected trend for today: Bearish