tech

January 12, 2026

Oracle could see a big recovery near-term after struggling in recent months, says Katie Stockton

The founder of Fairlead Strategies breaks down the charts on ORCL.

Oracle could see a big recovery near-term after struggling in recent months, says Katie Stockton

TL;DR

  • Technology stocks have been a drag on major indexes since late October.
  • Oracle (ORCL) has seen a peak-to-trough decline of almost 50% and is oversold.
  • ORCL is stabilizing near long-term support between $190 and $195.
  • Weekly stochastics are turning up in oversold territory, and the weekly MACD histogram has increased for four consecutive weeks.
  • A bullish divergence in the daily MACD suggests improved short-term momentum.
  • A breakout above the 50-day moving average near $210 would target a Fibonacci retracement level near $242.
  • ORCL is deeply oversold relative to the S&P 500 Index (SPX), with DeMARK Indicators® suggesting potential outperformance.
  • A bullish stance for the next 6-8 weeks is recommended, though the long-term setup has deteriorated.
  • A lower high is expected to develop versus the 2025 high.

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