ORACLE STOCK: Price Prediction (ORCL STOCK PRICE)

let's get to some earnings from Oracle here those numbers just hitting the wire here and we're looking at adjusted earnings per share uh about 6 cents above what analysts had been anticipating at a buck 39 uh the company's first quarter adjusted Revenue 1331 billion 13.26 billion is what analysts had been projecting fiscal first quarter obviously here for article and in particular it's important Cloud infrastructure division Revenue there at $2.2 billion that just about matched what analysts had been anticipating going to continue to go through the release but at the same time the company is also announcing a new partnership it looks like with Amazon web services to introduce something called Oracle database at AWS um again I'm going to keep looking into this to see what how significant it is but they put out a press release to that affect as well yeah Oracle uh Cofer cats giving some color there saying uh big news she says signing a multicloud agreement with AWS uh a AWS customers will get easy and convenient access to the Oracle database when we go live in December later this year uh Oracle chairman CTO Larry Ellison also talking about that says the sign AWS contract a milestone he says in the multicloud era so we'll certainly want more context and color on the call about that Ellison by the way going on to say that Oracle uh now has 162 cloud data centers in operation and under construction around the world you know this stock you know heading into this print already Julie it had a really nice run it was up about 35% year to date and tacking on more gains here in the after hours yeah um it's interesting to see that I'm you know it's interesting that they just matched that first quarter Cloud infrastructure revenue and the stock is going up to this such extent maybe in part because of this AWS um partnership here um that increase by the way in that uh unit I believe is 46% year-over-year and basically what that business is is renting storage and Computing in the cloud um that's that cloud infrastructure business that we mentioned here so um something else to mention by the way is that we you know we've been bringing everybody coverage of that Goldman Sachs communic copia conference Matt Garmin is the CEO of AWS and he's going to be join us what at 5:00 p.m. good timing yeah most definitely here we have the current stock market analysis for Oracle Corporation stock ticker o r before we begin with today's chart analysis if you find these educational materials to be helpful in your trading please remember to click the like And subscribe buttons and leave your thoughts in the comment section below so that other Traders will be able to find this information more easily on the platform so Oracle released earnings after the Bell yesterday we we did see some very strong results from the company overall this is a relatively underrated undervalued uh AI play it's a it's a name that kind of gets lost in the mix a bit because this is a bit of an older name uh people probably think you know it's kind of outdated or or obsolete maybe even in some ways um but that really isn't the case they're actually fairly well positioned within the AI space uh and their numbers are improving and if we even just take a brief look at the uh the stocks pricing history here uh we can see a very strong uptrend so these these types of uptrend movements obviously occur for a reason uh Oracle overall is a name that tends to get overlooked uh because there are more uh trendy kind of high flyer types of names that tend to get more of the Market's attention so in this video we will be looking at some important price levels to figure out whether or not this stock is a buy at current levels and we will outline some support and resistance zones that can be used for profitable trading strategies going forward so on this stock what we're looking at here is the 4-Hour price history so that means that each candle that you're seeing represents a 4-Hour trading period on several occasions here we can see instances where the share price has managed to spike higher Gap higher really uh and we really don't see any examples of this type of activity forming in the negative Direction at least not near term so here we can see you know there are several examples where the company has managed to outperform uh earnings estimates uh beat Market expectations uh and a lot of this has to do with the fact that this really is a name that does tend to fly under the radar this isn't a name that tends to get as much attention uh you know names like super micro computer or Nvidia or Tesla uh tend to be much more popular uh and certainly popular on the on the YouTube platform I don't think there are many people that are searching out Oracle I mean this kind of sounds very you know 1998 or something like that um but the reality is that this company is very well positioned for the AI space and this is a name that people should be keeping on the radar so as things currently stand what we can see here is another massive price Gap in the positive direction so essentially what we're looking at here is a price Gap that has developed from from roughly 14380 all the way to this is just above 153 so uh you know we have you know close to $5 in in share price Gap movement here uh which is significant and then you can also see on the bottom of the price chart there is a massive Spike and upward trading volume here bullish trading volume uh so this does kind of end a period of stagnation a bit as far as interest in the stock we weren't seeing very much trading activity most of that recent trading activity was bullish however and we are seeing you know a bit of an uptrend during that process however this recent this recent uh Spike here in trading volumes does suggest that this move is the real thing uh and should be taken as a valid price move rather than something that's going to uh simply turn around quickly with all that said I don't I don't really recommend buying into the stock at these types of levels uh that's really not my trading strategy I don't generally I don't buy breakouts um at least not this type of breakout where you see a gap higher and things like that and there are major problems with situations like this because you know you will need to see this price Gap filled uh more than likely at some point you know we can see this occur previously on this price chart so examp for example this price Gap here occurs after an earnings report and this price Gap is filled here almost exactly so we can see this downward price move almost retraces that entire price it really does retrace the entire price Gap and then a little bit more uh but it's almost exact in terms of the price movement lower and then here we can see later this occurs again we've got another price Gap to the top side uh share prices kind of Spike higher and then as we see share prices then once again move lower to fill the price Gap and it's almost exact so this is a very predictable price movement for this stock you know we could see third times a charm here of course past performance is never a guarantee that things will happen again like this in the future uh but this is a very clear trend for the stock and I'm personally not a fan of buying uh Spike highs I don't I don't think that makes a lot of sense I think you look for uh reversal points and things that are undervalued you know as they say Buy Low and sell high so you know you don't buy high and here here we're looking at new all-time highs for the stock so what I would be looking at for this stock is for most of this price Gap at the very least to be retraced uh one potential buy Zone that people could be watching a bit of a conservative uh outlook here would be to to buy right around 14650 uh that would be the prior price High which was uh developed during the July 15 uh trading period roughly uh the middle of July so instances of resistance would be expected to work as support in the future so we could see share prices bounce off there at that point um however you would still have at that even at that point You' still have a little bit of price Gap here that may need to be filled so there would be a possibility for some further downside but overall if I were going to look to buy into this stock I would be waiting for at least a move into 14650 before I would consider uh pulling the trigger on this name so here's the current market update for Oracle Corporation stock ticker o r CL our high value trading strategies membership is currently available for a limited time for only $9.99 per month these high conviction investment strategies are characterized by Superior risk to reward metrics that Target massive Market beating returns over time join now to outperform the market lock in this special introductory rate of just $9.99 per month for the entire lifetime of your membership and start trading stocks with the pros [Music]