ORCL: Key levels heading into earnings

Oracle Corp. (ORCL) reports today (12/10) after the close.

The stock has rebounded back above its rising 40-week moving average (WMA) after undercutting both the 61.8% retracement of the April–September rally at 205.52 and the late 2024–mid 2025 bullish consolidation breakout zone at 198–192 on the dip into the late November low at 185.63.

This 205.52–185.63 area offers support on a disappointing print, but if ORCL can hold the 40-WMA near 213–214, the technical backdrop would improve.

On a better-than-expected release, ORCL faces resistance at 246–247 (26-WMA), then 254–261 (declining 13-WMA, retracement level, and early August peak), and finally near 271 (late October breakdown level).

Chart 1: Oracle Corp. (ORCL)