The technical figure Rising Wedge can be found in the daily chart of the US company Oracle Corp (ORCL). Oracle Corporation is an American multinational computer technology corporation. The company sells database software and technology (particularly its own brands), cloud engineered systems, and enterprise software products, such as enterprise resource planning (ERP) software, human capital management (HCM) software, customer relationship management (CRM) software (also known as customer experience), enterprise performance management (EPM) software, and supply chain management (SCM) software. The Rising Wedge broke through the support line on 29/11/2022. If the price holds below this level, you can have a possible bearish price movement with a forecast for the next 10 days towards 77.63 USD. Your stop-loss order, according to experts, should be placed at 83.48 USD if you decide to enter this position.
Oracle is expected to post earnings of $1.17 per share for the current quarter, representing a year-over-year change of -3.3%.
The consensus earnings estimate of $4.96 for the current fiscal year indicates a year-over-year change of +1.2%. This estimate has changed -0.4% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $5.55 indicates a change of +11.8% from what Oracle is expected to report a year ago. Over the past month, the estimate has changed -0.2%.
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Oracle is expected to post earnings of $1.17 per share for the current quarter, representing a year-over-year change of -3.3%.
The consensus earnings estimate of $4.96 for the current fiscal year indicates a year-over-year change of +1.2%. This estimate has changed -0.4% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $5.55 indicates a change of +11.8% from what Oracle is expected to report a year ago. Over the past month, the estimate has changed -0.2%.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.