Oracle Corp. (NYSE:ORCL) stock rose more than 4% on Tuesday as investors returned to beaten-down large-cap technology stocks during a broad market rally.The Nasdaq gained 1.91%, while the S&P 500 advanced 0.82%. The Technology sector led all 11 sectors with a 2.75% gain.Risk-On Mood Lifts OracleOracle’s rally came as investor risk appetite improved across the technology sector. The stock is attempting to stabilize near its July low and close to the bottom of its 52-week trading range. That setup often attracts bargain hunters and short-covering activity after a prolonged decline.Market breadth also supported the move. Seven sectors traded higher, four declined, and the advance-decline ratio stood at 1.8.Despite Tuesday’s rebound, Oracle shares remain down 47.9% over the past 12 months. The latest gain appears to be a relief rally rather than confirmation of a long-term trend reversal.Oracle Technical Picture Remains WeakDespite Tuesday’s gain, Oracle continues to trade below key technical levels. The stock sits 9.5% below its 20-day simple moving average, 27.9% below its 50-day average and 33.2% below its 200-day average.The stock also remains below a bearish “death cross” that formed in January, when the 50-day moving average fell below the 200-day moving average.Momentum indicators also remain cautious. The moving average convergence divergence (MACD) indicator is below its signal line, suggesting buying momentum remains weak.The next key resistance level is around $149.Earnings And Analyst OutlookOracle is expected to report quarterly results around Sept. 8.Analysts expect earnings of $1.67 per share, up from $1.47 a year earlier, on revenue of $19.12 billion compared with $14.93 billion in the prior-year period.The stock carries a consensus Buy rating with an average analyst price forecast of $260.04. Recent analyst actions include: