Oracle is a close watch for long-term investors; the stock is pressured by OpenAI IPO delays and Ellison share sale fears, but Ellison holding shares creates a favorable setup.

Oracle is your next pick in the big three. They are trading lower. We're down about 4 and a4% uh on the news here caught up in the sell-off, but what I just mentioned about that Open AI IPO getting pushed off till at least 2027 may come into play here with your thesis around Oracle.

I think Oracle is very closely tied to the valuation of OpenAI. They have tremendous uh future obligations coming from OpenAI. They're spending a lot of money building these data centers.

Uh they really need OpenAI's IPO to be successful. They need them to uh get out there and using these data centers that they're putting in. But they have tremendous infrastructure already.

Their growth has been phenomenal and that Yeah. So you think about that, that's why Oracle stock has been under pressure. They're concerned about OpenAI's path to revenue. They're also concerned about Larry Ellison selling 15 million shares.

Uh so maybe right now we got a little bit longer runway for OpenAI. And uh we also learned over the weekend that Larry Ellison is not going to be selling uh his shares uh right now.

Maybe he will at a higher valuation. Maybe he will over 200, but right here at these valuations, he's not looking at doing so. Uh so yeah, I think uh it sets up nicely if you're thinking about the long-term picture, thinking about a stock that's down today. Uh that's one that I'm looking at very closely.

All right. And so it is down today. It's also down since its earnings despite them uh coming in with revenue growth of a little north of 30% I think if my memory serves. Yes. Another news story too is that uh they announced another round of layoffs this morning too.

So that was more uh uh breaking news as well today.

So what we have now in this case are lows 11450 is where the price bottomed out. Our 52- week lows come in there. Uh we had a upward sloping channel type shape but that seems to be uh being broken right now.

We have today's price activity opening up below the boundary uh that we established there. However, we also have not yet broken below the floor of our range, which is around 139.

So, uh on one hand, a downside breakout, but on the other hand, we're holding above this supportive area that uh stands out rather prominently in the short term.

171 is our next high to beat uh to the upside here. And then also, we had a gap here near about 198 that has never quite been filled. So, next to think about our moving averages, uh an even bigger confluence than our last one here.

In this case, we have our 5-day, 21-day, and 63-day representing one week, 1 month, and one quarter, respectively. They all align with each other between about 149 to 151 or so.

So, in this case, the the more indicators you have converging at the same point, it's more important. There's different, you know, multiple sets of eyes on them, uh, whoever's following these types of indicators here.

So, this stands out as a short-term potential resistance area as well.

RSI deteriorating somewhat here. We have broken below our green upward sloping trend line here as well as breaking below the 50 midline at the same time. So, a bit more of a bearish development here.

Again, this is still pretty early in the day. We're just kind of starting our trading week. So, it'll be important to see how uh well things could possibly recover today.

We can also see now our volume profile study shows that our point of control is right around where we've hit our high for the day so far. our thick red line here near 147. Uh so the the general range here 139 to 155 is the heavy trading area of importance.

Notice as well big volume spikes during our last couple sessions. So we've seen a lot going on with this name lately to say the least.

Uh certainly I mean and Oracle right now down about 4% again caught up in this AI selloff trading about 14428.