ORCL Reclaims $197, Breakout Watch at $200

$Oracle(ORCL)$

ORCL Climbs +1.10%: Tech Giant Eyes $200 Pivot Amid Volume Surge

Latest Close Data

Closed at $197.49 on 12/26, up +1.10% (+$2.15). The stock is trading ~$148 below its 52-week high of $345.72.

Core Market Drivers

Positive sentiment is supported by robust cloud demand and the company's aggressive AI infrastructure investments.

Recent analyst commentary highlights strong enterprise software renewal cycles.

Technical Analysis

Volume was 9.28M shares, with a Volume Ratio of 0.41, indicating subdued activity.
The MACD histogram turned positive (+3.27), signaling strengthening bullish momentum.
The 6-day RSI at 53.26 is neutral, suggesting room for further upside.

Key Price Levels

Primary Support: $191.79 (Recent swing low).
Immediate Pivot: $197.50 (Today's close & psychological level).
Strong Resistance: $220.79 (Key technical hurdle to watch).

Valuation Perspective

Forward P/E of 26.74 is slightly above its historical average of 24.33, indicating a premium valuation justified by growth expectations in its cloud segment.

Analyst Targets

37 analysts have an average price target of $295.88. Sentiment is bullish with 13 Strong Buy, 19 Buy, 11 Hold, and 2 Underperform ratings.

Weekly Outlook

Expect consolidation near the $197.5 pivot. A sustained break above $200 could target $205-$210. Failure to hold $195 may see a retest of the $191.8 support.

Risk Disclaimer

This analysis is for informational purposes only and not financial advice. Past performance does not guarantee future results. Investing involves risk, including the potential loss of principal.

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.