Oracle Stock Stumbles Into Q3 Earnings: Will Buyers Step In As It Nears Oversold Territory

Core Viewpoint - Oracle Corp is set to report its third-quarter earnings, with Wall Street expecting an EPS of $1.49 and revenues of $14.39 billion, indicating a significant focus on the upcoming financial results [1] Group 1: Stock Performance - Oracle stock has increased by 29.73% over the past year but has decreased by 10.82% year-to-date [1] - Currently, Oracle stock is trading at $147.51 and is in a strongly bearish trend, below its five-day, 20-day, and 50-day exponential moving averages [2] Group 2: Technical Analysis - The stock shows continued downside momentum, but buying pressure suggests a potential for future bullish movement if support levels hold [3] - Technical indicators are cautious, with the stock trading below its eight-day, 20-day, 50-day, and 200-day simple moving averages, indicating a bearish outlook [4] - The Moving Average Convergence Divergence (MACD) is at a negative 4.83, highlighting negative momentum, while the Relative Strength Index (RSI) is at 34.83, nearing oversold territory, suggesting a potential bounce if buyers step in [4] Group 3: Analyst Ratings - The consensus analyst rating for Oracle stock is currently a Buy, with a price target of $184.08, indicating a potential upside of 43.99% based on recent analyst ratings from Guggenheim, JMP Securities, and Cantor Fitzgerald [6] - At the time of publication, Oracle stock was trading at $148, with analysts suggesting an average price target of $213 [6]