RSI (relative strength index) is one of the most widely used technical indicators. Oracle’s (ORCL) 14-day RSI is 95, indicating that the company’s stock is overbought.
An RSI figure below 30 suggests that a stock has been oversold. An RSI figure higher than 70 indicates that the company’s stock has been overbought.
Oracle’s ATR and volatility
Oracle’s ATR (average true range) value is ~0.51. Investors and traders use ATR in technical analysis to determine the volatility of a stock. It is helpful in aligning investment choices in accordance with the risk profile.
Oracle’s stock has a beta of ~1.1, which indicates that it is slightly more volatile than the overall market. When the beta is more than 1.0, the stock is usually viewed as more volatile than the overall market
Investors seeking exposure to the application software space can consider investing in the PowerShares QQQ Trust, Series 1 ETF (QQQ). Application software makes up ~28.4% of QQQ.