Oracle Corporation (ORCL) dipped slightly in its latest intraday trading, as RSI indicators showed negative signals after reaching overbought territory. This suggests an attempt to ease that pressure and gain positive momentum for a potential rebound. The stock remains supported by its continued movement above the 50-day SMA and stays within the framework of a prevailing short-term uptrend, trading along an ascending trendline.

Therefore, we expect the stock to rise in the upcoming sessions, as long as it holds above support at 291.75, with the next target set at the 371.00 resistance level.

Todays price forecast: Bullish.