Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(OTEX) Open Text complete technical analysis [charts+indicators] | Buy/Sell Open Text | (OTEX) share price targets

Complete technical analysis of Open Text (OTEX) by charts plus indicators, forecast predictions and share price targets for Open Text (OTEX)

Open Text trades in USA in Technology sector.

Showing technical analysis as on 2024-01-04 View latest technical analysis

10 day averaged volume of Open Text is 367860

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Jan 2024	39.74	39.82	40.13	39.64	2.016 times
03 Wed Jan 2024	39.81	40.26	40.26	39.78	1.05 times
02 Tue Jan 2024	40.65	41.59	41.59	40.53	1.253 times
29 Fri Dec 2023	42.02	42.25	42.39	41.96	0.774 times
29 Fri Dec 2023	42.02	42.25	42.39	41.96	0.774 times
28 Thu Dec 2023	42.30	42.69	42.76	42.26	0.87 times
27 Wed Dec 2023	42.60	42.50	42.80	42.33	0.857 times
26 Tue Dec 2023	42.44	42.39	42.47	42.24	0.27 times
22 Fri Dec 2023	42.15	42.00	42.30	41.77	1.224 times
21 Thu Dec 2023	42.11	41.46	42.18	41.46	1.326 times

Stock of Open Text (OTEX) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 40.3, but if it comes above 40.3, then a intra day buy could be more profitable.
If you take a sell trade below 40.3, then use 40.3 as stoploss and 39.1 as target. However if you take a buy trade in stock , then use 40.3 as stoploss and 41.18 as target.

Share price targets for Open Text (OTEX)

Target Type	Value
Downside Target	32.04
Downside Target	33.19
Downside Target	34.29
Downside Target	36.13
Downside Target	39.52
Upside Target	40.69
Upside Target	41.56
Upside Target	41.96
Upside Target	42.30
Upside Target	42.39
Upside Target	42.80

Intraday share price targets for Open Text (OTEX)

Target Type	Value
Downside Intraday Target	39.06
Downside Intraday Target	38.37
Upside Intraday Target	41.01
Upside Intraday Target	42.27
Upside Intraday Target	40.32

Weekly technical analysis of Open Text (OTEX)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Jan 2024	39.74	41.59	41.59	39.64	5.583 times
29 Fri Dec 2023	42.02	42.25	42.39	41.96	0.279 times
29 Fri Dec 2023	42.02	42.39	42.80	41.96	0.453 times
22 Fri Dec 2023	42.15	40.97	42.30	40.74	0.876 times
15 Fri Dec 2023	41.11	39.75	41.67	39.67	1.078 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Open Text (OTEX)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Thu Jan 2024	39.74	41.59	41.59	39.64	0.173 times
29 Fri Dec 2023	42.02	40.16	42.80	39.52	0.701 times
30 Thu Nov 2023	40.14	33.48	41.56	33.19	1.269 times
31 Tue Oct 2023	33.40	35.02	36.13	32.04	1.019 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Open Text (OTEX)

Price action analysis of Open Text ( (OTEX) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Open Text ( (OTEX) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Open Text ( (OTEX) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Open Text stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Open Text in short term but the sell signal is initial and weak.

Open Text Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Open Text in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Open Text is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 41.3 and Open Text (OTEX) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Open Text (OTEX) stock. Volume based technical analysis of Open Text (OTEX) stock is negative.

Open Text Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.