Oracle Corp. stock trades under the ticker ORCL & has shown recent bullishness that traders & investors should research further into.
ORCL stock closed at $87.90/share on 3/22/2023.
Oracle Corp. ORCL Stock’s Technical Performance Broken Down
ORCL Stock Price: $87.90
10 Day Moving Average: $85.59
50 Day Moving Average: $87.65
200 Day Moving Average: $77.22
RSI: 54.5
MACD: -0.253
Yesterday, ORCL stock completed a bullish MACD crossover, gaining +0.37% on the day’s session.
Recent trading volumes have been above average compared to the year prior & their RSI is neutral, but their recent candlesticks signal there will be more weakness in the near-term, which can give traders & investors more favorable entrypoints.
ORCL stock has support at the $87.65 (50 day moving average), $85.87 & $85.59/share price levels, as they try to break out & above their $90.67 & $99.63/share resistance levels.
Oracle Corp. ORCL Stock As A Long-Term Investment
Long-term oriented investors will like ORCL stock’s 28.14 P/E (ttm).
They recently reported 17.9% Quarterly Revenue Growth Y-o-Y, with -18.2% Quarterly Earnings Growth Y-o-Y, which prospective investors may want to look further into.
Their balance sheet will also require a more thorough examination, with $8.77B of Total Cash (mrq) & $91.81B of Total Debt (mrq).
ORCL stock pays a 1.55% dividend, which appears to be sustainable in the long-run as their payout ratio is 42.24%.
43.54% of ORCL stock’s outstanding share float is owned by institutional investors.
Oracle Corp. ORCL Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from price moves in ORCL stock, while protecting their portfolios from volatility.
I am looking at the contracts with the 4/21 expiration date.
The $87.50, $85 & $87 call options are all in-the-money, listed from highest to lowest level of open interest.
The $90, $88 & $89 puts are also all in-the-money, with the former being more liquid than the latter strikes.
Tying It All Together
ORCL stock has many interest attributes that traders & investors are sure to find appealing.
Investors will like their P/E (ttm) & sustainable dividend yield.
Traders will like their liquid options & recent technical performance.
Overall, it is worth taking a closer look into how ORCL stock fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN ORCL STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***