Brian Shannon on $ORCL (Nov 3, 2026)
ORCL is below declining 10-, 20-, 31- and 42-week and 20-, 50- and 200-day moving averages and looks "just a mess"; no turnaround is in place. It would need an undercut of an important low plus a big volume surge and reversal, as Nike showed, before a turn could be considered.
Jump to any passage
But right into here, Oracle, are we almost getting out of the penalty box? I mean, uh, Oracle yesterday did, you know, it looks like we've now double touched. We just saw Palunteer uh you know double touching the top.
Uh this actually goes all the way back to April of 25 of course when we had all that tax turbulence um tariffs and whatnot. What do you think about Oracle down here? Is it giving us any kind of vibes that maybe it's time to buy this thing?
At this point for Oracle really what would be nice to see uh I mean we're still below the 10, the 20, the 31, the 42 week moving average and they're all declining. So, if we're going to see a turnaround, I'd love to see kind of what we did see in Nike, which is an undercut of an important low, a big surge in volume, and then perhaps it can reverse.
But until it does that, we're still below a declining 20, 50, 200 day moving average. It's just it's just a mess.