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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 2024-02-29 View latest technical analysis

10 day averaged volume of Open Text is 681680

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	38.49	38.80	38.85	38.42	1.285 times
28 Wed Feb 2024	38.68	38.99	38.99	38.48	0.699 times
27 Tue Feb 2024	39.17	39.23	39.28	38.62	0.752 times
26 Mon Feb 2024	38.46	38.67	38.91	38.30	1.851 times
23 Fri Feb 2024	38.68	38.80	39.27	38.58	0.811 times
22 Thu Feb 2024	38.80	38.62	39.16	38.62	1.205 times
21 Wed Feb 2024	38.04	38.94	38.94	37.81	0.979 times
20 Tue Feb 2024	39.20	39.76	40.22	39.01	1.07 times
16 Fri Feb 2024	39.98	40.69	40.70	39.83	1.111 times
15 Thu Feb 2024	40.55	40.65	40.68	40.01	0.783 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 38.6, but if it comes above 38.6, then a intra day buy could be more profitable.
If you take a sell trade below 38.6, then use 38.6 as stoploss and 36.7 as target. However if you take a buy trade in stock , then use 38.6 as stoploss and 40.22 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	37.81
Upside Target	40.69
Upside Target	41.56
Upside Target	41.96
Upside Target	42.80
Upside Target	43.13
Upside Target	44.57
Upside Target	45.47

Intraday share price targets for Open Text (OTEX)

Target Type	Value
Downside Intraday Target	38.1
Downside Intraday Target	37.71
Upside Intraday Target	39.08
Upside Intraday Target	39.67
Upside Intraday Target	38.69

Weekly technical analysis of Open Text (OTEX)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	38.49	38.67	39.28	38.30	1.128 times
23 Fri Feb 2024	38.68	39.76	40.22	37.81	0.812 times
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

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
29 Thu Feb 2024	38.49	43.81	45.47	37.81	1.502 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, and volume has increased substantially. This means that the move can 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Open Text stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

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

Open Text Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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 38.94 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.