Oracle tries to vent off oversold saturation - Analysis - 13-08-2020

Economies.com
2020-08-13 14:03PM UTC

Oracle's stock rose 0.01% in the last session after leaning on the support of 53.56, bouncing off it higher and venting off oversold saturation in the RSI, amid the dominance of the downward short-term wave, with negative pressure from the 50-day SMA. 

 

Therefore we expect the stock to decline and target the support of 51.07, provided the support of 53.56 was breached. 

 

Expected trend for today: Bearish 

Stocks Technical Analysis

United States Analysis

Stocks

CVS price climbs cautiously - Forecast today - 28-03-2024
2024-03-28 11:18AM UTC
CVS Health Corporation Stock Analysis CVS Health Corporation’s stock price edged up in the ...
United States Analysis

Stocks

eBay price starts recovering - Forecast today - 28-03-2024
2024-03-28 11:17AM UTC
eBay Stock Analysis eBay’s stock price rose in the intraday levels amid the dominance of the ...
United States Analysis

Stocks

Taiwan Semiconductor price seeks a bottom to boost it higher - 28-03-2024
2024-03-28 11:17AM UTC
Taiwan Semiconductor Stock Analysis Taiwan Semiconductor’s stock price (TSM) fell in the ...