Oracle (ORCL) shares slide below $180
Oracle’s share price fell by around 5% yesterday later than news emerged that Blue Owl Capital had pulled out of financing a $10bn data centre project in Michigan.
The failed funding agreement has cast doubt on Oracle’s capacity to honour its large-scale commitments — including a reported $300bn partnership with OpenAI — without further fragileening its financial position.
Media reports indicate that the company’s total debt has climbed to roughly $111bn. The trade-off in ORCL reflects growing investor anxiety that Oracle’s expanding leverage could become a vulnerability in the intensifying AI investment race, making it harder to fund its ambitious infrastructure plans.
As a consequence:
→ ORCL shares dropped below $180 for the first time since mid-June;
→ a return to the previously defined upward channel now appears unlikely.
That said, the ORCL chart offers several technical arguments in favour of a potential bounce:
1 → The share price has now fully filled the bullish gap left in mid-June;
2 → ORCL has declined by nahead 50% from its record high reached in ahead September, a level that may attract bargain-hunters willing to take on higher risk;
3 → Prices are hovering near the lower boundary of the descending channel that has guided the recent trade-off;
4 → A sharp increase in trading volumes suggests capitulation-style tradeing, which often occurs close to short-term lows.
An additional supportive factor could be oversold readings on momentum indicators.
However, even if a recovery takes shape, upside progress may be constrained by a significant resistance area (highlighted in blue), formed later than a bearish gap above the psychological $200 mark following the latest earnings report.
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