Technical Analysis – 13 March 2024

Shares closed at a two-month high above the 5dEMA forming an inverted hammer. The 20dEMA is about to touch the 50dEMA.
Both MACD and RSI are constructive.
Long – Entry 254, Target 272, Stop 245

Shares closed at a one-month high above the 5dEMA with rising volume. The 20dEMA is about to cross the 50dEMA.
Both RSI and MACD are constructive.
Long – Entry 155.5, Target 163.7, Stop 151.4

Shares closed at a two-month high above the 5dEMA with rising volume. The 20dEMA crossed the 200dEMA.
MACD is constructive, while RSI is at an overbought level.
Long – Entry 0.33, Target 0.35, Stop 0.32

Shares closed at a three-month high above the 200dEMA with a surge in volume. The 20dEMA touched the 50dEMA.
RSI is constructive and MACD turned positive.
Long – Entry 16.2, Target 18.0, Stop 15.3

Oracle Corp (ORCL)

3Q24 Revenue: $13.28B, +7.1% YoY, in line with estimates
3Q24 Non-GAAP EPS: $1.41, beat estimates by $0.03
4Q24 Guidance: Expect revenue growth to be in the range of 4% to 6%, below analysts’ average estimate of about 6.5%.
Comment: Despite recent headwinds, Oracle’s sales in the fiscal third quarter increased by 7.1%YoY, with profits exceeding expectations. The company’s cloud computing business showed signs of stabilizing, with cloud revenue jumping 25% to US$5.1bn, surpassing Wall Street’s estimates. For the quarter, sales of Fusion software rose 18% YoY and NetSuite increased 21% YoY. During the quarter, it focused on expanding its cloud infrastructure business to compete with industry giants like Amazon, Microsoft, and Google. Oracle highlighted its focus on modernizing its legacy software business, particularly after acquiring Cerner, an electronic health records company, and moving its customers to Oracle cloud infrastructure. Its CEO emphasized the momentum in customer contracts in the third quarter which led to a significant backlog of sales amounting to US$80bn, compared to analyst estimates of US$59bn, and the rapid expansion of cloud data centres to meet demand. 4Q24 recommended trading range: $125 to $140. Positive Outlook.

甲骨文(ORCL)

24财年第三季营收：132.8亿美元，同比增加7.1%，符合预期
24财年第三季Non-GAAP每股盈利：1.41美元，超预期0.03美元
24财年第四季指引：预计收入增幅将在4%至6%之间，低于分析师6.5%左右的平均预期。
短评：尽管最近出现了一些不利因素，但甲骨文第三财季的销售额同比增长了7.1%，利润超出了预期。该公司的云计算业务显示出稳定的迹象，云收入增长了25%，达到51亿美元，超过了华尔街的预期。本季度，Fusion软件的销售额同比增长18%，NetSuite同比增长21%。在本季度，该公司专注于扩大其云基础设施业务，以与亚马逊、微软和谷歌等行业巨头竞争。甲骨文强调了其对传统软件业务现代化的关注，特别是在收购电子健康记录公司Cerner并将其客户转移到甲骨文云基础设施之后。其首席执行官强调了第三季度客户合同的势头，这导致销售订单达800亿美元，而分析师估计为590亿美元，以及云数据中心的快速扩张以满足需求。24财年第四季度建议交易区间：125美至140美元。积极前景。