Oracle’s Upcoming Q3 Earnings and Stock Performance Insight

Oracle Corp ORCL is set to report its third-quarter earnings on Monday. Analysts predict earnings per share (EPS) of $1.49 and revenues of $14.39 billion, with the report scheduled to be released after market hours.

Over the past year, the stock has increased by 29.73%, although it has decreased by 10.82% year-to-date.

Examining the charts provides insight into Oracle’s stock and its alignment with Wall Street’s estimates.

Also Read: Oracle Q3 Earnings Preview: Positive Signs and Good Risk/Reward

Current Market Sentiment for ORCL Stock

Chart created using Benzinga Pro

Currently priced at $147.51, Oracle stock is in a strongly bearish phase. The stock is trading below its five-day, 20-day, and 50-day exponential moving averages.

This persistent downward momentum indicates potential risks, yet buying pressure may indicate a possible setup for future gains if it can maintain key support levels. Investors should note that although the stock faces short-term challenges, a rebound is plausible if Oracle establishes a solid bottom.

Traders might seek evidence of a trend reversal before adopting a bullish approach.

Generally, technical indicators reflect cautious sentiment. The stock is positioned below its eight-day, 20-day, 50-day, and 200-day simple moving averages, which underscores a bearish sentiment. Moreover, the Moving Average Convergence Divergence (MACD) stands at a negative 4.83, signaling negative momentum.

On a positive note, with Oracle stock’s Relative Strength Index (RSI) at 34.83—now nearing oversold territory—a bounce could occur if buyers step in at critical support levels.

This situation suggests that while the stock remains under pressure, oversold market conditions might create an opportunity for long-term investors to accumulate shares.

Meanwhile, traders may wait for a significant move above important moving averages to confirm a bullish shift.

Analyst Projections for Oracle Stock

Ratings & Consensus Estimates: Currently, the consensus analyst rating for Oracle stock is categorized as a Buy, with an average price target of $184.08. Notably, recent analyst ratings from Guggenheim, JMP Securities, and Cantor Fitzgerald suggest an impressive upside of 43.99% for ORCL stock, giving it a target of $213.

Price Action: At publication, Oracle stock was trading at $148.

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