Recent stock price of Oracle in the US

The company provides software and hardware products and services for a wide range of customers such as governments, public organizations, general businesses, mainland education institutions, etc., targeting enterprise IT environments (large-scale).It is a well-known company that offers both software and hardware products and services.They deploy a flexible and interoperable IT deployment model, including on-premises, cloud-based, and hybrid types.

On-premises refers to an operational model where the necessary software and hardware for system operation are owned and managed by the company itself. In contrast, the cloud operation does not require the company to own and manage the necessary software and hardware.

Now, let's take a look at Oracle's long-term stock price.

Please take a look at Chart 2 from the beginning of 2024.

I tried drawing a channel line parallel to the candlestick chart.The stock price has been rising significantly since early September 2024.Right? Let's review the process.

After the market closed on September 10th, Oracle released its 6-8 month results (Q1), surpassing both revised earnings per share and revenue estimates. It shows that the demand for AI continues to contribute to the increase in sales in the company's cloud computing business. CEO Katz stated in a declaration,"Cloud services have become our largest business, accelerating the growth of operating profit and earnings per share."After this announcement, the company's stock price rose significantly.

Furthermore, the company held a briefing for analysts after the close of the market on September 12, and in that briefingit indicated that the full-year revenue for the fiscal year 2029 is expected to exceed $104 billion. Following this, on the 16thof the month analysts raised their investment rating to "buy" and raised the target stock price from the previous $155 to $210.Now, let's take another look at the recent price movement on the right side of Chart 2. After hitting a high near $174 on September 16,It.

the stock price dropped slightly. However, without significant collapse, the candlestick chart appears to draw a rounded saucer pattern,which is often considered to indicate a high likelihood of price increase in chart reading terms.It seems like a rounded saucer (a round-bottomed shape) is being formed.

【Source, Reference】 "Kabu Tanken" (Min-kabu Infonoid)