Artem Voloskovets
⬤ Oracle stock took another hit today, breaking below the important $258 mark that had been holding up the price earlier this month. The stock had jumped above this level after strong earnings results, hitting record highs before things started turning south. Now trading around $201, the break below $258 signals a real shift in direction for ORCL.
⬤ The last few trading sessions showed Oracle trying to use $258 as a floor, testing it from above multiple times. That support finally gave way today, bringing fresh selling pressure. Since early November, we've seen a steady stream of lower highs and red candles, showing how the momentum has completely flipped. The stock is now down roughly 25% from where it peaked after earnings.
⬤ Volume tells the same story. The early excitement after earnings dried up fast, replaced by steady selling as Oracle dropped below its short-term moving averages. When $258 failed as support, it basically confirmed that buyers had stepped away. Now everyone's watching to see if the $200 level can stop the bleeding.
⬤ Losing such a major technical level matters beyond just Oracle. As one of the bigger enterprise tech names this quarter, Oracle's breakdown from all-time highs tends to ripple across the sector. The move shows just how volatile things have gotten as the stock shifts from its post-earnings rally into a much shakier technical setup. What happens next with ORCL will likely influence how traders view other cloud and software stocks in the near term.
Artem Voloskovets
