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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 2024-01-31 View latest technical analysis

10 day averaged volume of Open Text is 494210

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	43.61	43.98	44.57	43.52	1.287 times
30 Tue Jan 2024	44.03	44.12	44.22	43.74	0.807 times
29 Mon Jan 2024	44.17	43.72	44.19	43.34	1.097 times
26 Fri Jan 2024	43.50	43.12	43.69	43.08	1.304 times
25 Thu Jan 2024	43.13	42.00	43.33	41.70	1.804 times
24 Wed Jan 2024	41.89	41.90	42.27	41.61	0.998 times
23 Tue Jan 2024	41.54	41.72	41.95	41.11	0.691 times
22 Mon Jan 2024	41.70	41.40	41.78	41.19	0.872 times
19 Fri Jan 2024	41.17	41.09	41.26	40.60	0.623 times
18 Thu Jan 2024	40.90	40.24	41.06	40.21	0.664 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 43, but if it comes below 43, then a intra day sell could be more profitable.
If you take a sell trade below 43, then use 43 as stoploss and 41.74 as target. However if you take a buy trade in stock , then use 43 as stoploss and 44.6 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	39.07
Downside Target	42.72
Downside Target	42.80
Downside Target	43.34
Upside Target	43.69
Upside Target	44.57

Intraday share price targets for Open Text (OTEX)

Target Type	Value
Downside Intraday Target	43.11
Downside Intraday Target	42.61
Upside Intraday Target	44.34
Upside Intraday Target	45.07
Upside Intraday Target	43.84

Weekly technical analysis of Open Text (OTEX)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	43.61	43.72	44.57	43.34	0.563 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
31 Wed Jan 2024	43.61	41.59	44.57	39.07	1.137 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Open Text in short term but SELL 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 42.8 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.