(ORCL) Technical Pivots with Risk Controls

December 22, 2024, 01:50 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ORCL

• Buy ORCL near 163.61 target 179.11 stop loss @ 163.14 Details

The technical summary data tells us to buy ORCL near 163.61 with an upside target of 179.11. This data also tells us to set a stop loss @ 163.14 to protect against excessive loss in case the stock begins to move against the trade. 163.61 is the first level of support below 169.66 , and by rule, any test of support is a buy signal. In this case, support 163.61 would be being tested, so a buy signal would exist.

• Short ORCL slightly under 179.11, target 163.61, stop loss @ 179.63 Details

The technical summary data is suggesting a short of ORCL as it gets near 179.11 with a downside target of 163.61. We should have a stop loss in place at 179.63though. 179.11 is the first level of resistance above 169.66, and by rule, any test of resistance is a short signal. In this case, if resistance 179.11 is being tested, so a short signal would exist.

Swing Trading Plans for ORCL

• Buy ORCL slightly over 179.11, target 195.28, Stop Loss @ 178.59 Details

If 179.11 begins to break higher, the technical summary data tells us to buy ORCL just slightly over 179.11, with an upside target of 195.28. The data also tells us to set a stop loss @ 178.59 in case the stock turns against the trade. 179.11 is the first level of resistance above 169.66, and by rule, any break above resistance is a buy signal. In this case, 179.11, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ORCL slightly near 179.11, target 169.21, Stop Loss @ 179.63. Details

The technical summary data is suggesting a short of ORCL if it tests 179.11 with a downside target of 169.21. We should have a stop loss in place at 179.63 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 179.11, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for ORCL

• Buy ORCL slightly over 170.03, target 179.11, Stop Loss @ 169.63 Details

If 170.03 begins to break higher, the technical summary data tells us to buy ORCL just slightly over 170.03, with an upside target of 179.11. The data also tells us to set a stop loss @ 169.63 in case the stock turns against the trade. 170.03 is the first level of resistance above 169.66, and by rule, any break above resistance is a buy signal. In this case, 170.03, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ORCL slightly near 170.03, target 169.21, Stop Loss @ 170.43. Details

The technical summary data is suggesting a short of ORCL if it tests 170.03 with a downside target of 169.21. We should have a stop loss in place at 170.43 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 170.03, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Oracle Corporation (ORCL) available here: ORCL.

ORCL Ratings for December 22:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	163.61
P2	167.52	160.89	179.11
P3	170.03	169.21	195.28

AI Generated Signals for ORCL

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The technical pivots for Oracle Corporation (NASDAQ: ORCL) help you determine how to trade, when to buy, when to sell, and how to control risk.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for ORCL change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if ORCL is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for ORCL too.  All of these are offered below the Summary Table.