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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 2024-02-07 View latest technical analysis

10 day averaged volume of Open Text is 794320

Date	Daily Closing Price	Open	High	Low	Volume
07 Wed Feb 2024	40.91	41.73	41.73	40.83	0.981 times
06 Tue Feb 2024	41.33	42.00	42.00	40.99	1.046 times
05 Mon Feb 2024	41.89	43.03	43.13	41.74	1.294 times
02 Fri Feb 2024	43.07	45.47	45.47	40.46	2.425 times
01 Thu Feb 2024	44.09	43.81	44.28	43.56	0.695 times
31 Wed Jan 2024	43.61	43.98	44.57	43.52	0.801 times
30 Tue Jan 2024	44.03	44.12	44.22	43.74	0.502 times
29 Mon Jan 2024	44.17	43.72	44.19	43.34	0.683 times
26 Fri Jan 2024	43.50	43.12	43.69	43.08	0.811 times
25 Thu Jan 2024	43.13	42.00	43.33	41.70	1.123 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 40.9 as stoploss in an intra day buy trade for a target of 42.12. However, stock will show a bearish move below 40.9.

Share price targets for Open Text (OTEX)

Target Type	Value
Downside Target	32.04
Downside Target	33.19
Downside Target	36.13
Downside Target	39.07
Downside Target	40.46
Upside Target	42.72
Upside Target	42.80
Upside Target	43.13
Upside Target	43.69
Upside Target	44.57
Upside Target	45.47

Intraday share price targets for Open Text (OTEX)

Target Type	Value
Downside Intraday Target	40.12
Downside Intraday Target	39.32
Upside Intraday Target	42.42
Upside Intraday Target	43.92
Upside Intraday Target	41.62

Weekly technical analysis of Open Text (OTEX)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Wed Feb 2024	40.91	43.03	43.13	40.83	0.65 times
02 Fri Feb 2024	43.07	43.72	45.47	40.46	1.447 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

Price has moved down 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
07 Wed Feb 2024	40.91	43.81	45.47	40.46	0.489 times
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

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 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 SELL. Signal strength is Strong and stock is gaining momentum.

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

Open Text Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 coming down

CCI has generated a SELL signal for Open Text in short term and SELL signal is strong!

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

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

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.