Usman Salis
⬤ Oracle stock experienced a massive spike in trading activity last week, hitting volume levels rarely seen in over a decade. More than 300 million shares traded during the week, making it the second-highest weekly volume since 2011. This surge came as ORCL pulled back from recent highs and tested a key support zone.
⬤ The weekly chart shows Oracle had been climbing steadily before reversing course and entering a correction phase. As price dropped toward the 50-week moving average—a technically significant support area—trading volume exploded. The recent volume bars dwarf most activity over the past several years, showing unusually strong market participation.
Elevated volume at this magnitude often appears during periods when price is testing technically significant areas.
⬤ This kind of volume spike typically happens when a stock reaches an important price level. For Oracle, the surge aligns with price testing a zone that previously acted as resistance and now serves as support. The volume significantly exceeded long-term averages, signaling that market engagement intensified sharply during this period.
⬤ As a major tech company with substantial weight in equity benchmarks, Oracle's trading activity matters for the broader market. Unusually high volume can signal shifts in positioning and heightened focus on key price levels. With ORCL now trading near weekly support after one of its most active weeks in over a decade, how price behaves around this area will likely be closely watched as an indicator of near-term trend direction and volatility.
Usman Salis
