Oracle Corp (NYSE:ORCL) will be reporting its third-quarter earnings on Monday. Wall Street expects $1.49 in EPS and $14.39 billion in revenues as the company reports after market hours.

The stock is up 29.73% over the past year, down 10.82% year-to-date.

Let’s look at what the charts indicate for Oracle stock and how the stock currently maps against Wall Street estimates.

Read Also: Oracle Q3 Earnings Preview: ‘Some Positive Signs And Good Risk/Reward’ Ahead Of Print

ORCL Stock Strongly Bearish Ahead Of Q3 Earnings

Chart created using Benzinga Pro

Oracle stock, at $147.51, is currently in a strongly bearish trend. The stock is trading below its five-day, 20-day and 50-day exponential moving averages.

While this signals continued downside momentum, the presence of buying pressure suggests a potential setup for future bullish movement if support levels hold. For investors, this indicates that while the stock is facing short-term technical weakness, a rebound could materialize if Oracle finds a firm bottom.

Traders may look for confirmation of a trend reversal before considering a bullish stance.

Technical indicators remain cautious. The stock is trading below its eight-day, 20-day, 50-day and 200-day simple moving averages, reinforcing a bearish outlook. The Moving Average Convergence Divergence (MACD) indicator sits at a negative 4.83, further highlighting negative momentum.

However, with Oracle stock’s Relative Strength Index (RSI) at 34.83 -- nearing oversold territory -- a potential bounce could be on the horizon if buyers step in at key support levels.

For investors, this suggests that while the stock remains under pressure, oversold conditions could present an opportunity for long-term accumulation.

Meanwhile, traders may wait for a decisive move above key moving averages before turning bullish.

Oracle Analysts See 44% Upside

Ratings & Consensus Estimates: The consensus analyst rating on Oracle stock stands at a Buy currently with a price target of $184.08. The latest analyst ratings from Guggenheim, JMP Securities and Cantor Fitzgerald suggest a 43.99% upside for ORCL stock, with a $213 average price target.

Price Action: Oracle stock was trading at $148 at the time of publication.

Read Next:

• Larry Ellison Poured $500 Million Into High-Tech Farming--And It’s Struggling To Take Root

Image: Shutterstock