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(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 2024-01-08 View latest technical analysis

10 day averaged volume of Open Text is 371450

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	41.29	40.15	41.31	40.14	0.828 times
05 Fri Jan 2024	40.13	39.74	40.43	39.68	1.001 times
04 Thu Jan 2024	39.74	39.82	40.13	39.64	1.997 times
03 Wed Jan 2024	39.81	40.26	40.26	39.78	1.04 times
02 Tue Jan 2024	40.65	41.59	41.59	40.53	1.241 times
29 Fri Dec 2023	42.02	42.25	42.39	41.96	0.766 times
29 Fri Dec 2023	42.02	42.25	42.39	41.96	0.766 times
28 Thu Dec 2023	42.30	42.69	42.76	42.26	0.861 times
27 Wed Dec 2023	42.60	42.50	42.80	42.33	0.848 times
26 Tue Dec 2023	42.44	42.39	42.47	42.24	0.267 times

My analysis of stock is bullish for shortterm, and stock might move up till 42.1 or till 43.2. Use a stoploss of 41.27 and if this stock hits its stoploss, then it can fall down till 40.41

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	41.59
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	40.52
Downside Intraday Target	39.74
Upside Intraday Target	41.69
Upside Intraday Target	42.08
Downside Intraday Target	40.91

Weekly technical analysis of Open Text (OTEX)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	41.29	40.15	41.31	40.14	0.157 times
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

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

Monthly technical analysis of Open Text (OTEX)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	41.29	41.59	41.59	39.64	0.247 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 Weak and stock is losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 above 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 40.96 and Open Text (OTEX) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.