(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 2024-02-12 View latest technical analysis
10 day averaged volume of Open Text is 797630
Date | Daily Closing Price | Open | High | Low | Volume |
12 Mon Feb 2024 | 40.78 | 41.77 | 41.96 | 40.75 | 0.786 times |
09 Fri Feb 2024 | 41.86 | 41.24 | 42.17 | 41.14 | 0.662 times |
08 Thu Feb 2024 | 41.10 | 41.03 | 41.41 | 40.69 | 0.947 times |
07 Wed Feb 2024 | 40.91 | 41.73 | 41.73 | 40.83 | 0.977 times |
06 Tue Feb 2024 | 41.33 | 42.00 | 42.00 | 40.99 | 1.042 times |
05 Mon Feb 2024 | 41.89 | 43.03 | 43.13 | 41.74 | 1.288 times |
02 Fri Feb 2024 | 43.07 | 45.47 | 45.47 | 40.46 | 2.415 times |
01 Thu Feb 2024 | 44.09 | 43.81 | 44.28 | 43.56 | 0.692 times |
31 Wed Jan 2024 | 43.61 | 43.98 | 44.57 | 43.52 | 0.797 times |
30 Tue Jan 2024 | 44.03 | 44.12 | 44.22 | 43.74 | 0.5 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 40.8, but if it comes above 40.8, then a intra day buy could be more profitable.
If you take a sell trade below 40.8, then use 40.8 as stoploss and 39.2 as target. However if you take a buy trade in stock , then use 40.8 as stoploss and 42.05 as target.
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 | 41.96 |
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 | 40.37 |
Downside Intraday Target | 39.95 |
Upside Intraday Target | 41.58 |
Upside Intraday Target | 42.37 |
Upside Intraday Target | 41.16 |
Weekly technical analysis of Open Text (OTEX)
Date | Weekly Closing Price | Open | High | Low | Volume |
12 Mon Feb 2024 | 40.78 | 41.77 | 41.96 | 40.75 | 0.16 times |
09 Fri Feb 2024 | 41.86 | 43.03 | 43.13 | 40.69 | 0.967 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 |
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 |
12 Mon Feb 2024 | 40.78 | 43.81 | 45.47 | 40.46 | 0.672 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 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 red color and prices are below the red 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 SELL signal in short term and selling is picking up 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 42.25 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.
Price action analysis of Open Text ( (OTEX) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 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 red color and prices are below the red 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 SELL signal in short term and selling is picking up 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 42.25 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.