Score 8.3 (out of 10): ORACLE CORP poised to rally +7.3% in 2 months

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What’s Going On Here?

Cloud service provider Oracle has recently announced a partnership with India’s Airtel telecom company to boost their data centers. This might be a chance for Oracle to tap tens of millions small businesses in India to use Oracle’s digital services.

Why Now?

ORACLE CORP has reached a new shorter-term low. Previously, during similar occasions, ORACLE CORP shares had a median return of +7.3%, over the following 2 months based on 10 historical occasions with 8 of those showing positive returns (80% hit ratio). This buy signal for ORACLE CORP received a high score of 8.3 (out of 10). This insight was generated on 2021-November-10 with last price of 93.83.

What’s This Company About?

ORACLE CORP is in the Enterprise Software/Serv business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. Ticker symbol: ORCL US.

What’s My Risk / Reward and Time Horizon?

We found 2 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns), otherwise consider closing out this trade once the target level of 100.64 (+7.3%) has been reached. Based on the stock’s recent up and down swings, LongShortBets suggests considering a stop loss level for this insight at 89.43 (last price at 93.83), which is equivalent to -4.7%.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ shown under (2), etc. 

Previous episodes:

5.7% (September-2021), 18% (June-2021), 7.5% (January-2021), 13% (October-2020), 7.6% (July-2020), 7% (May-2020), 4.7% (February-2020), -2.7% (December-2019), -4.4% (July-2019), 9.5% (May-2019).

Summary:

NameORACLE CORP
ViewUp
Star (1 to 10)8.3
Target+7.3%
Time2 months
Hit Rate80%

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