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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 2024-01-11 View latest technical analysis

10 day averaged volume of Open Text is 381940

Date	Daily Closing Price	Open	High	Low	Volume
11 Thu Jan 2024	42.16	41.71	42.18	41.24	1.011 times
10 Wed Jan 2024	41.57	40.85	41.80	40.79	0.794 times
09 Tue Jan 2024	40.88	40.81	41.17	40.67	0.94 times
08 Mon Jan 2024	41.29	40.15	41.31	40.14	0.805 times
05 Fri Jan 2024	40.13	39.74	40.43	39.68	0.974 times
04 Thu Jan 2024	39.74	39.82	40.13	39.64	1.942 times
03 Wed Jan 2024	39.81	40.26	40.26	39.78	1.011 times
02 Tue Jan 2024	40.65	41.59	41.59	40.53	1.207 times
29 Fri Dec 2023	42.02	42.25	42.39	41.96	0.745 times
29 Fri Dec 2023	42.02	42.25	42.39	41.96	0.745 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 42.2 as stoploss in an intra day sell trade for a target of 41.4. However, stock will show a bullish move above 42.2.

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
Downside Target	41.56
Downside Target	41.96
Upside Target	42.18
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	40.81
Downside Intraday Target	39.45
Upside Intraday Target	42.85
Upside Intraday Target	43.53
Downside Intraday Target	41.49

Weekly technical analysis of Open Text (OTEX)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Thu Jan 2024	42.16	40.15	42.18	40.14	0.691 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
11 Thu Jan 2024	42.16	41.59	42.18	39.64	0.36 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 up 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Open Text ( (OTEX) ) based on a short to mid 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.

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 BUY. Signal strength is Weak and stock is gaining 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

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 and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 40.84 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 rising upwards.

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.