Next Resistance Level for Oracle (ORCL) is $32.29
Shares of Oracle (NASDAQ:ORCL) opened today above their pivot of $32.00 and have already reached the first level of resistance at $32.15. Should the shares continue to rise, the resistance pivots of $32.29 and $32.58 will be of interest.
Over the past year, Oracle has traded in a range of $24.72 to $36.50 and is now at $32.19, 30% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.
Potential upside of 16.9% exists for Oracle, based on a current level of $32.19 and analysts' average consensus price target of $37.64. The stock should find initial resistance at its 50-day moving average (MA) of $32.97 and further resistance at its 200-day MA of $33.01.
SmarTrend is tracking the current trend status for Oracle and will alert subscribers who have ORCL in their portfolio or watchlist when shares have changed trend direction.
Keywords: pivot alerts Oracle