Oracle Corp. (NYSE:ORCL) shares are declining on Tuesday as selling pressure hits big-cap tech alongside a broader risk-off tape. The Nasdaq is down 1.37% while the S&P 500 has shed 0.76%, and Technology is leading the downside with a 2.2% sector drop that's weighing on software and cloud names.
Oracle, BorderPlex, Bloom Energy To Power Project Jupiter
Separately, Oracle, BorderPlex Digital Assets, and Bloom Energy Corporation (NYSE:BE) said Monday they will power the Project Jupiter AI data center in New Mexico using fuel cells, replacing gas turbines and diesel generators.
The site will deploy up to 2.45 GW of capacity, cutting NOₓ emissions by about 92% and significantly reducing water use. Oracle will cover energy costs to avoid impacting local electricity rates.
The project includes major community investments and is expected to create 4,000 construction jobs and 1,500 permanent roles.
Oracle Technical Analysis
Oracle is sitting well off its 52-week high ($345.72) and closer to the lower end of its yearly range, which keeps the longer-term recovery narrative under pressure. The stock is trading 4.3% above its 20-day simple moving average (SMA) but 2.1% below its 100-day SMA, a split that suggests short-term trend support while the intermediate trend still needs repair.
The moving average convergence divergence (MACD), a trend/momentum measure, is bullish with the MACD line above the signal line and a positive histogram, which leans toward improving upside momentum despite today's drop. In everyday terms, MACD being above its signal line means recent price action is stronger than the prior trend baseline.
The death cross in January (50-day SMA below the 200-day SMA) still hangs over the longer-term picture, even as the 20-day SMA remains above the 50-day SMA in a more constructive near-term setup. Over the past 12 months, the stock is up 18.91%, which points to a longer-term uptrend that's been choppy and uneven.
- Key Resistance: $172.00 — a level where rallies have recently struggled to push through.
- Key Support: $135.00 — an area where buyers have tended to show up and slow declines.
Oracle Earnings Preview
Looking further out, the next major catalyst for the stock arrives with the June 10, 2026 (estimated) earnings report.
- EPS Estimate: $1.88 (Up from $1.70 YoY)
- Revenue Estimate: $19.09 Billion (Up from $15.90 Billion YoY)
- Valuation: P/E of 31.1x (Indicates premium valuation relative to peers)
Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $248.18. Recent analyst moves include:
- Wedbush: Initiated with Outperform (Target $225.00) (April 24)
- Morgan Stanley: Equal-Weight (Lowers Target to $207.00) (April 23)
- Stephens & Co.: Equal-Weight (Maintains Target to $254.00) (April 7)
Top ETFs Holding Oracle: IGV, TDIV, and TRFK
- iShares Expanded Tech-Software Sector ETF (BATS:IGV): 8.24% Weight
- First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV): 7.93% Weight
- Pacer Data and Digital Revolution ETF (NYSE:TRFK): 8.13% Weight
Significance: Because ORCL carries such a heavy weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.
ORCL Stock Price Activity: Oracle shares were down 3.58% at $166.77 at the time of publication on Tuesday, according to Benzinga Pro data.
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