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Oracle Stock Stumbles Into Q3 Earnings: Will Buyers Step In As It Nears Oversold Territory – Oracle (NYSE:ORCL)

Oracle Corp ORCL will be reporting its third-quarter earnings on Monday. Wall Street expects $1.49 in EPS and $14.39 billion in revenues as the company reports after market hours.

The stock is up 29.73% over the past year, down 10.82% year-to-date.

Let’s look at what the charts indicate for Oracle stock and how the stock currently maps against Wall Street estimates.

Read Also: Oracle Q3 Earnings Preview: ‘Some Positive Signs And Good Risk/Reward’ Ahead Of Print

ORCL Stock Strongly Bearish Ahead Of Q3 Earnings

Chart created using Benzinga Pro

Oracle stock, at $147.51, is currently in a strongly bearish trend. The stock is trading below its five-day, 20-day and 50-day exponential moving averages.

While this signals continued downside momentum, the presence of buying pressure suggests a potential setup for future bullish movement if support levels hold. For investors, this indicates that while the stock is facing short-term technical weakness, a rebound could materialize if Oracle finds a firm bottom.

Traders may look for confirmation of a trend reversal before considering a bullish stance.

Technical indicators remain cautious. The stock is trading below its eight-day, 20-day, 50-day and 200-day simple moving averages, reinforcing a bearish outlook. The Moving Average Convergence Divergence (MACD) indicator sits at a negative 4.83, further highlighting negative momentum.

However, with Oracle stock’s Relative Strength Index (RSI) at 34.83 — nearing oversold territory — a potential bounce could be on the horizon if buyers step in at key support levels.

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For investors, this suggests that while the stock remains under pressure, oversold conditions could present an opportunity for long-term accumulation.

Meanwhile, traders may wait for a decisive move above key moving averages before turning bullish.

Oracle Analysts See 44% Upside

Ratings & Consensus Estimates: The consensus analyst rating on Oracle stock stands at a Buy currently with a price target of $184.08. The latest analyst ratings from Guggenheim, JMP Securities and Cantor Fitzgerald suggest a 43.99% upside for ORCL stock, with a $213 average price target.

Price Action: Oracle stock was trading at $148 at the time of publication.

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