ORCL Weekly Options Trade Plan 2025-06-18
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ORCL Weekly Analysis Summary (2025-06-18)
Summary of Key Points
1. Technical Analysis Overview
Current Price: ORCL is trading at $211.80, with a significant gain over the past month (41.87%) but showing signs of being overbought (RSI at 83.45). Short-term Indicators: The 5-minute chart shows short-term oversold conditions with an RSI of 36.94, suggesting a potential bounce or consolidation. Price is positioned near critical resistance levels at $213.07 and $213.71, while support is identified at $207.64 and $207.90. Long-term Indicators: Price is above key moving averages, indicating a bullish trend, but the proximity to the upper Bollinger Band suggests a pullback might be due.
2. Sentiment Analysis