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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 2024-03-19 View latest technical analysis

10 day averaged volume of Open Text is 512880

Date	Daily Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	38.39	38.33	38.58	38.05	0.763 times
18 Mon Mar 2024	38.60	38.59	38.97	38.35	0.627 times
15 Fri Mar 2024	38.48	38.38	38.75	38.36	1.502 times
14 Thu Mar 2024	38.76	39.25	39.25	38.40	0.885 times
13 Wed Mar 2024	39.15	38.32	39.25	38.30	1.128 times
12 Tue Mar 2024	38.32	38.95	38.95	38.15	0.789 times
11 Mon Mar 2024	38.66	38.25	38.72	38.08	0.696 times
08 Fri Mar 2024	38.42	38.86	39.03	38.36	0.707 times
07 Thu Mar 2024	38.64	37.90	38.71	37.83	1.135 times
06 Wed Mar 2024	37.58	38.56	38.66	37.39	1.345 times

My analysis of stock is bearish for shortterm, and stock might move down till 38.1 or till 37.6. Use a stoploss of 38.6 and if the stock hits stoploss, then it can shoot up till 39.05

Share price targets for Open Text (OTEX)

Target Type	Value
Downside Target	33.19
Downside Target	37.39
Upside Target	39.36
Upside Target	39.52
Upside Target	39.84
Upside Target	40.22
Upside Target	41.56
Upside Target	42.80
Upside Target	44.57
Upside Target	45.47

Intraday share price targets for Open Text (OTEX)

Target Type	Value
Downside Intraday Target	37.97
Downside Intraday Target	37.55
Upside Intraday Target	38.89
Upside Intraday Target	39.39
Upside Intraday Target	38.47

Weekly technical analysis of Open Text (OTEX)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	38.39	38.59	38.97	38.05	0.278 times
15 Fri Mar 2024	38.48	38.25	39.25	38.08	0.959 times
08 Fri Mar 2024	38.42	39.08	39.84	37.39	0.76 times
01 Fri Mar 2024	39.26	38.67	39.36	38.22	1.269 times
23 Fri Feb 2024	38.68	39.76	40.22	37.81	0.812 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
19 Tue Mar 2024	38.39	38.61	39.84	37.39	0.404 times
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

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 neutral. A longer time frame might give a better analysis.

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 neutral. A longer time frame might give a better analysis.

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 BUY signal for Open Text in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. Bulls are getting tired and bears 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 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 38.47 and Open Text (OTEX) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

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