(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 2024-02-16 View latest technical analysis
10 day averaged volume of Open Text is 850420
Date | Daily Closing Price | Open | High | Low | Volume |
16 Fri Feb 2024 | 39.98 | 40.69 | 40.70 | 39.83 | 0.89 times |
15 Thu Feb 2024 | 40.55 | 40.65 | 40.68 | 40.01 | 0.628 times |
14 Wed Feb 2024 | 40.25 | 39.51 | 40.31 | 39.35 | 0.593 times |
13 Tue Feb 2024 | 39.08 | 40.00 | 40.00 | 38.62 | 1.167 times |
12 Mon Feb 2024 | 40.78 | 41.77 | 41.96 | 40.75 | 0.738 times |
09 Fri Feb 2024 | 41.86 | 41.24 | 42.17 | 41.14 | 0.621 times |
08 Thu Feb 2024 | 41.10 | 41.03 | 41.41 | 40.69 | 0.888 times |
07 Wed Feb 2024 | 40.91 | 41.73 | 41.73 | 40.83 | 0.916 times |
06 Tue Feb 2024 | 41.33 | 42.00 | 42.00 | 40.99 | 0.977 times |
05 Mon Feb 2024 | 41.89 | 43.03 | 43.13 | 41.74 | 1.208 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 40.5, but if it comes above 40.5, then a intra day buy could be more profitable.
If you take a sell trade below 40.5, then use 40.5 as stoploss and 38.7 as target. However if you take a buy trade in stock , then use 40.5 as stoploss and 41.92 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 | 38.62 |
Upside 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 | 38.41 |
Downside Intraday Target | 36.85 |
Upside Intraday Target | 41.75 |
Upside Intraday Target | 43.53 |
Upside Intraday Target | 40.19 |
Weekly technical analysis of Open Text (OTEX)
Date | Weekly Closing Price | Open | High | Low | Volume |
16 Fri Feb 2024 | 39.98 | 41.77 | 41.96 | 38.62 | 0.871 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 |
16 Fri Feb 2024 | 39.98 | 43.81 | 45.47 | 38.62 | 0.938 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Open Text ( (OTEX) ) based on a short 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 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 Strong and stock is gaining momentum.
MACD generated a SELL signal for Open Text in short term and the sell signal is strong.
Open Text Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
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 but selling is losing 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 40.76 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Open Text ( (OTEX) ) based on a short 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 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 Strong and stock is gaining momentum.
MACD generated a SELL signal for Open Text in short term and the sell signal is strong.
Open Text Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
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 but selling is losing 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 40.76 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.