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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 2024-01-18 View latest technical analysis

10 day averaged volume of Open Text is 459850

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Jan 2024	40.90	40.24	41.06	40.21	0.714 times
17 Wed Jan 2024	39.92	39.93	39.96	39.07	1.224 times
16 Tue Jan 2024	40.32	40.85	40.85	39.99	1.156 times
12 Fri Jan 2024	41.55	42.20	42.72	41.53	1.125 times
12 Fri Jan 2024	41.55	42.20	42.72	41.53	1.125 times
11 Thu Jan 2024	42.16	41.71	42.18	41.24	0.84 times
10 Wed Jan 2024	41.57	40.85	41.80	40.79	0.659 times
09 Tue Jan 2024	40.88	40.81	41.17	40.67	0.78 times
08 Mon Jan 2024	41.29	40.15	41.31	40.14	0.668 times
05 Fri Jan 2024	40.13	39.74	40.43	39.68	0.809 times

My analysis of stock is bearish for shortterm, and stock might move down till 40.4 or till 39.3. Use a stoploss of 41.31 and if the stock hits stoploss, then it can shoot up till 42.23

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	39.07
Upside Target	41.59
Upside Target	41.96
Upside Target	42.39
Upside Target	42.72
Upside Target	42.80

Intraday share price targets for Open Text (OTEX)

Target Type	Value
Downside Intraday Target	39.63
Downside Intraday Target	38.35
Upside Intraday Target	41.62
Upside Intraday Target	42.33
Downside Intraday Target	40.34

Weekly technical analysis of Open Text (OTEX)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Jan 2024	40.90	40.85	41.06	39.07	2.75 times
12 Fri Jan 2024	41.55	42.20	42.72	41.53	0.276 times
12 Fri Jan 2024	41.55	40.15	42.72	40.14	0.955 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

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
18 Thu Jan 2024	40.90	41.59	42.72	39.07	0.628 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 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 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.

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. 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 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 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 40.98 and Open Text (OTEX) stock is trading below this level. This means that stock is falling with high volumes. 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 is giving positive 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.