Oracle (ORCL) – Technical Sell Signal: Preparing for a Pullback

ORCL

Overview:
Oracle (ORCL) is showing a bearish setup after a period of strong upward momentum. At an opening price of $153.74, the stock appears poised for a downward correction. Based on technical signals, we’re projecting a potential target price of $145.27, representing an approximately 5.5% drop.

The combination of the Supertrend indicator and RSI readings across multiple timeframes strongly suggests that Oracle may be entering a retracement phase. These indicators align to suggest that the current trend may soon shift, offering traders an opportunity to sell short.