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But we saved everything 🙂.
Oracle says OCI supported SailGP teams with real-time insights during their previous competition in Halifax Harbour, Canada.
The company states it is prepared to do this again. Details are available in the referenced tweet link.
ORCL trades below key moving averages, with the price at $184.00 sitting under the MA-20 ($205.31), MA-50 ($187.50), and MA-200 ($205.14), reflecting persistent medium-term and long-term seller pressure. The Ichimoku Kijun is at $212.77, positioning it as immediate resistance above the current price. Near-term support lies at MA-50 ($187.50), with key support at MA-100 ($170.17). Immediate resistance is set at the Kijun ($212.77), while MA-200 ($205.14) acts as a secondary resistance level.
Momentum signals remain weak, with MACD (D1) neutral and ADX (D1) at 20.49, indicating a lack of strong trend direction. RSI (D1) at 42.78, CCI (D1) at -75.76, and prolonged Stoch RSI oversold readings suggest mild downward bias, though rapid reversals are possible. BBP (D1) firmly in oversold territory (-8.54) points to clear seller dominance intraday. The Awesome Oscillator also confirms downward momentum. Over the past week, ORCL has edged up $0.13 (0.07%) from the previous weekly close of $183.87, but it remains in the lower part of the weekly range as volatility stands at 8.78%. This steady performance indicates consolidation after a decline from the weekly high.
Looking ahead, the expected price range for the coming week is $179.00 to $188.00, respecting typical volatility and keeping within 5% of the current price. The probability of a price increase is very low (less than 20%) based on persistent sell signals from all key W1 indicators: RSI, ADX, MACD, and MA-50. Downward movement is much more likely. The baseline scenario is for continued sideways consolidation, anchored below resistance from the MA-50 and Kijun. A bullish scenario would require a break above MA-50 ($187.50), opening room toward $200 if momentum reverses. A bearish scenario could play out if the price slips below the $179.00 area, exposing further downside. This range positions ORCL well above its 52-week low of $134.82 but far below its annual high of $345.72, highlighting ongoing correction pressure in the broader context.
Previously it was reported that despite robust cloud-driven growth, Oracle faced lingering downside risks due to heightened volatility and investor concerns over recent capital raises. As market dynamics evolve, traders should now monitor for a decisive shift in momentum that could clarify Oracle’s next directional move.