Artem Voloskovets
⬤ Oracle (ORCL) is entering a critical technical zone after a prolonged selloff. The stock is now approaching both its 200-day moving average and an unfilled gap near $210—two levels that could act as support if selling pressure starts to ease.
⬤ The technical picture has deteriorated sharply. Oracle's RSI has dropped to its most oversold level since January, even lower than the April lows, highlighting just how steep this decline has been. If the stock fails to hold the 200DMA, it could trigger further selling, erode confidence, or spark broader valuation concerns—all of which raise the stakes despite the attractive support zone forming below.
⬤ The chart shows Oracle breaking below earlier bounce levels and following a steep downtrend line, reinforcing the bearish tone. Market chatter suggests a potential "dead cat bounce" could form once the stock hits the 200DMA and fills the $210 gap—a temporary reflex rally before the bigger trend resumes.
⬤ Historically, Oracle has often reacted at its 200-day moving average, and with oversold indicators flashing alongside an unfilled gap, the odds of a short-term bounce are rising. Still, the broader trend remains shaky, and any rally might be short-lived without stronger momentum or improved market conditions. For now, all eyes are on the $210 zone—it's both the next downside target and a potential launching pad for Oracle's next move.
Artem Voloskovets
