# Oracle (ORCL) has rallied 29% week to date; we clearly missed the low.

*business · news · 2026-04-16 · CNBC*

## Key points

- Oracle shares have formed a strong bottom at the $135 level after a steep decline.
- The recent rally pushed Oracle above its 50-day moving average with strong volume confirmation.
- A bullish RSI divergence preceded Oracle's reversal, signaling a potential trend change.
- Oracle's 200-week moving average has remained intact, reinforcing a solid long-term support floor.
- A significant MACD buy signal has appeared for Oracle, supporting a favorable long-term risk/reward.

**Companies:** Oracle, AppLovin

[Read the full story on CNBC](https://www.cnbc.com/2026/04/16/oracles-stock-has-rallied-nearly-30percent-this-week-but-charts-show-its-not-too-late-to-buy.html)

---

Canonical: https://newsio.io/n/d07c253a-8f74-4918-9ebc-abfbbdf3b672/oracle-orcl-has-rallied-29-week-to-date-we-clearly-missed-the-low-the-stock-has
Summarized by Newsio from CNBC. https://newsio.io/how-it-works