Eseandre Mordi
⬤ Oracle shares are catching traders' eyes as TrendSpider spotted a powerful combo of bullish signals on the daily chart. The stock is showing both a Capitulation Finder alert and a bullish RSI divergence after weeks of decline, hinting at a possible momentum shift. ORCL is currently trading around $221.53, holding steady above recent lows that formed through late November with multiple pivot confirmations.
⬤ The chart reveals ORCL forming a bullish RSI divergence right as capitulation indicators fired off, suggesting sellers might be running out of steam. This happened after a steep drop into low-volume zones, setting up a cleaner bounce. Oracle has since pushed back toward the $220-$230 range where volume historically picks up. The RSI now sits at 47.30, showing strengthening momentum as price lifts off those capitulation lows.
⬤ Several pivot confirmations support the idea that ORCL is trying to build a base after sustained downward pressure. The volume profile shows thin trading above current levels, which could mean smoother sailing higher if buyers keep showing up. While Oracle hasn't reclaimed earlier consolidation areas yet, the aligned technical signals point to a more constructive setup developing.
⬤ This matters because when multiple bullish indicators line up like this, it often signals a real shift in trend behavior. For a tech heavyweight like Oracle, improved technical momentum could reshape market expectations heading into year-end, especially as traders reposition for seasonal volatility.
Eseandre Mordi
