Oracle Corporation’s stock price (ORCL) rose in the intraday levels, amid the dominance of the main upward trend in the medium term, with the stock trading alongside the secondary short-term trend line, with positive signals from the RSI despite reaching overbought levels, coupled with positive pressure due to trading above the 50-day SMA. 

 

Therefore we expect more gains for the stock, provided it settles firmly above $170.70, targeting the pivotal resistance of $198.30.

 

Trend forecast for today: Bullish