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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 2024-01-29 View latest technical analysis

10 day averaged volume of Open Text is 504970

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Jan 2024	44.17	43.72	44.19	43.34	1.074 times
26 Fri Jan 2024	43.50	43.12	43.69	43.08	1.276 times
25 Thu Jan 2024	43.13	42.00	43.33	41.70	1.766 times
24 Wed Jan 2024	41.89	41.90	42.27	41.61	0.976 times
23 Tue Jan 2024	41.54	41.72	41.95	41.11	0.676 times
22 Mon Jan 2024	41.70	41.40	41.78	41.19	0.854 times
19 Fri Jan 2024	41.17	41.09	41.26	40.60	0.61 times
18 Thu Jan 2024	40.90	40.24	41.06	40.21	0.65 times
17 Wed Jan 2024	39.92	39.93	39.96	39.07	1.115 times
16 Tue Jan 2024	40.32	40.85	40.85	39.99	1.052 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 44, for a target of 42.6 or 41.38

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
Downside Target	42.72
Downside Target	42.80
Downside Target	43.34
Downside Target	43.69
Upside Target	44.19

Intraday share price targets for Open Text (OTEX)

Target Type	Value
Downside Intraday Target	43.61
Downside Intraday Target	43.05
Upside Intraday Target	44.46
Upside Intraday Target	44.75
Downside Intraday Target	43.9

Weekly technical analysis of Open Text (OTEX)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Jan 2024	44.17	43.72	44.19	43.34	0.194 times
26 Fri Jan 2024	43.50	41.40	43.69	41.11	1.619 times
19 Fri Jan 2024	41.17	40.85	41.26	39.07	3.345 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

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
29 Mon Jan 2024	44.17	41.59	44.19	39.07	1.024 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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Open Text in short term and the buy signal is strong.

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 HIGHS, which reflects strong buying momentum in short term! 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 42.03 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 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.