(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 2024-01-05 View latest technical analysis
10 day averaged volume of Open Text is 383030
Date | Daily Closing Price | Open | High | Low | Volume |
05 Fri Jan 2024 | 40.13 | 39.74 | 40.43 | 39.68 | 0.971 times |
04 Thu Jan 2024 | 39.74 | 39.82 | 40.13 | 39.64 | 1.936 times |
03 Wed Jan 2024 | 39.81 | 40.26 | 40.26 | 39.78 | 1.009 times |
02 Tue Jan 2024 | 40.65 | 41.59 | 41.59 | 40.53 | 1.203 times |
29 Fri Dec 2023 | 42.02 | 42.25 | 42.39 | 41.96 | 0.743 times |
29 Fri Dec 2023 | 42.02 | 42.25 | 42.39 | 41.96 | 0.743 times |
28 Thu Dec 2023 | 42.30 | 42.69 | 42.76 | 42.26 | 0.835 times |
27 Wed Dec 2023 | 42.60 | 42.50 | 42.80 | 42.33 | 0.823 times |
26 Tue Dec 2023 | 42.44 | 42.39 | 42.47 | 42.24 | 0.259 times |
22 Fri Dec 2023 | 42.15 | 42.00 | 42.30 | 41.77 | 1.176 times |
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 39.2 as target. However if you take a buy trade in stock , then use 40.3 as stoploss and 41.2 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 | 39.32 |
Downside Intraday Target | 38.5 |
Upside Intraday Target | 41.27 |
Upside Intraday Target | 42.4 |
Upside Intraday Target | 40.45 |
Weekly technical analysis of Open Text (OTEX)
Date | Weekly Closing Price | Open | High | Low | Volume |
05 Fri Jan 2024 | 40.13 | 41.59 | 41.59 | 39.64 | 6.89 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 |
05 Fri Jan 2024 | 40.13 | 41.59 | 41.59 | 39.64 | 0.213 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 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 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 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 losing 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 weakening, and bulls are picking up momentum!
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up
CCI has generated a buy signal for Open Text in short term but BUY signal is weak.
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Open Text is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 41.08 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.
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 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 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 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 losing 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 weakening, and bulls are picking up momentum!
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up
CCI has generated a buy signal for Open Text in short term but BUY signal is weak.
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Open Text is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 41.08 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.