Oracle Stock’s Technical Indicators after Fiscal 1Q18
Oracle’s stock trends and shareholder returns
So far in this series, we’ve discussed analyst expectations from Oracle’s (ORCL) fiscal 1Q18 results and its increased initiatives in the cloud space. Let’s now focus on Oracle’s technical indicators, which investors and traders examine to make market entry and exit decisions. Let’s compare Oracle’s technical indicators with its peers in the software space.
On September 9, 2017, Oracle stock rose ~25% for the trailing-12-month period. In the trailing-one-month period and trailing-five-day period, it gained ~5% and 2%, respectively.
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Oracle’s MACD and RSI
On September 9, 2017, Oracle’s last trading price was $51.58. The stock was trading 5% above its 20-day moving average of $49.00, 3% above its 50-day moving average of $50.00, and 7% above its 100-day moving average of $48.00.
A company’s MACD (moving average convergence divergence) is the difference between its short-term and long-term moving averages. Oracle’s 14-day MACD of 0.16 is a positive figure, which indicates an upward trading trend.
You can consider investing in the SPDR S&P 500 ETF (SPY) (SPX) to gain exposure to the technology sector. This ETF has ~18.0% of its holdings in the technology sector.