Oracle Corp ORCL might be reporting its second-quarter earnings on Monday. Wall Street expects $1.48 in EPS and $14.12 billion in revenues as the corporate experiences after market hours.
The inventory is up 66.50% over the previous yr, 53.97% over the previous six months.
Let’s have a look at what the charts point out for Oracle inventory and the way the inventory at present maps in opposition to Wall Street estimates.
Read Also: Oracle Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street’s Most Accurate Analysts
Oracle inventory is using a powerful bullish wave forward of its second-quarter earnings, with the inventory buying and selling above its five-, 20- and 50-day exponential shifting averages — a sign of sustained shopping for stress.
Chart created utilizing Benzinga Pro
The eight-day easy shifting common (SMA) at $186.31, 20-day SMA at $187.90 and 50-day SMA at $179.53 all place ORCL’s inventory worth of $192.54 amid bullish alerts.
Additionally, the shifting common convergence/divergence (MACD) indicator at 2.87 underscores momentum in favor of additional upward motion. However, with the rising relative energy index (RSI) at 61.09, the inventory is nearing Overbought territory, suggesting potential warning for merchants monitoring any post-earnings volatility.
Ratings & Consensus Estimates: The consensus analyst ranking on Oracle inventory stands at a Buy at present with a worth goal of $170.67. Recent analyst scores from RBC Capital, Guggenheim and Jefferies have a median worth goal of $201.67.
ORCL Price Action: Oracle inventory was buying and selling at $189.60 at time of publication Monday.
Read Next:
Photo: Shutterstock
Market News and Data delivered to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.
