Oracle Corporation (ORCL)
Oracle is an American multinational computer technology corporation headquartered in Austin, Texas. The company was formerly headquartered in Redwood Shores, California until December 2020 when it moved its headquarters to Texas. The company sells database software and technology, cloud engineered systems, and enterprise software products, particularly its own brands of database management systems.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 43.19% per annum.
- ORCL price at the close of June 13, 2025 was $215.22 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 31.82% per annum.
- ORCL price at the close of June 13, 2025 was higher than the top border of the secondary price channel by $54.47 (33.88%). This indicates a possible reversal in the secondary trend direction.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of ORCL price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: April 29, 2022
End date: February 28, 2025
a = 3.4840
b = 0.0010
s = 0.0862
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0010) – 1
= 43.19%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0862) – 1
= 41.15%
April 29, 2022 calculations
Top border of price channel:
Exp(Y473)
= Exp(a + b × X473 + 2 × s)
= Exp(a + b × 683 + 2 × s)
= Exp(3.4840 + 0.0010 × 683 + 2 × 0.0862)
= Exp(4.3282)
= $75.81
Bottom border of price channel:
Exp(Y473)
= Exp(a + b × X473 – 2 × s)
= Exp(a + b × 683 – 2 × s)
= Exp(3.4840 + 0.0010 × 683 – 2 × 0.0862)
= Exp(3.9835)
= $53.70
February 28, 2025 calculations
Top border of price channel:
Exp(Y1,183)
= Exp(a + b × X1,183 + 2 × s)
= Exp(a + b × 1,719 + 2 × s)
= Exp(3.4840 + 0.0010 × 1,719 + 2 × 0.0862)
= Exp(5.3472)
= $210.02
Bottom border of price channel:
Exp(Y1,183)
= Exp(a + b × X1,183 – 2 × s)
= Exp(a + b × 1,719 – 2 × s)
= Exp(3.4840 + 0.0010 × 1,719 – 2 × 0.0862)
= Exp(5.0025)
= $148.79
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 43.19% per annum.
- ORCL price at the close of June 13, 2025 was $215.22 and was inside the primary price channel.
Secondary Trend
Start date: September 16, 2024
End date: May 12, 2025
a = 6.8481
b = -0.0010
s = 0.0730
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0010) – 1
= -31.82%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0730) – 1
= 33.92%
September 16, 2024 calculations
Top border of price channel:
Exp(Y1,070)
= Exp(a + b × X1,070 + 2 × s)
= Exp(a + b × 1,554 + 2 × s)
= Exp(6.8481 + -0.0010 × 1,554 + 2 × 0.0730)
= Exp(5.3632)
= $213.41
Bottom border of price channel:
Exp(Y1,070)
= Exp(a + b × X1,070 – 2 × s)
= Exp(a + b × 1,554 – 2 × s)
= Exp(6.8481 + -0.0010 × 1,554 – 2 × 0.0730)
= Exp(5.0711)
= $159.36
May 12, 2025 calculations
Top border of price channel:
Exp(Y1,233)
= Exp(a + b × X1,233 + 2 × s)
= Exp(a + b × 1,792 + 2 × s)
= Exp(6.8481 + -0.0010 × 1,792 + 2 × 0.0730)
= Exp(5.1134)
= $166.24
Bottom border of price channel:
Exp(Y1,233)
= Exp(a + b × X1,233 – 2 × s)
= Exp(a + b × 1,792 – 2 × s)
= Exp(6.8481 + -0.0010 × 1,792 – 2 × 0.0730)
= Exp(4.8214)
= $124.13
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 31.82% per annum.
- ORCL price at the close of June 13, 2025 was higher than the top border of the secondary price channel by $54.47 (33.88%). This indicates a possible reversal in the secondary trend direction.