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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 2024-04-02 View latest technical analysis

10 day averaged volume of Open Text is 447120

Date	Daily Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	37.97	37.86	38.06	37.27	1.222 times
01 Mon Apr 2024	38.41	39.00	39.00	38.32	0.916 times
28 Thu Mar 2024	38.83	38.85	39.13	38.65	0.937 times
27 Wed Mar 2024	38.81	39.60	39.87	38.39	1.735 times
26 Tue Mar 2024	39.38	39.25	39.76	39.15	0.851 times
25 Mon Mar 2024	39.18	39.11	39.34	38.90	0.782 times
22 Fri Mar 2024	39.13	39.72	39.87	39.03	0.651 times
21 Thu Mar 2024	39.95	39.56	40.55	39.44	1.619 times
20 Wed Mar 2024	39.30	38.38	39.43	38.34	0.915 times
19 Tue Mar 2024	38.39	38.33	38.58	38.05	0.875 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 38.1, but if it comes above 38.1, then a intra day buy could be more profitable.
If you take a sell trade below 38.1, then use 38.1 as stoploss and 37.5 as target. However if you take a buy trade in stock , then use 38.1 as stoploss and 38.69 as target.

Share price targets for Open Text (OTEX)

Target Type	Value
Downside Target	37.27
Upside Target	39.25
Upside Target	39.52
Upside Target	39.84
Upside Target	39.87
Upside Target	40.55
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	37.16
Downside Intraday Target	36.35
Upside Intraday Target	38.89
Upside Intraday Target	39.81
Upside Intraday Target	38.08

Weekly technical analysis of Open Text (OTEX)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	37.97	39.00	39.00	37.27	0.497 times
28 Thu Mar 2024	38.83	39.11	39.87	38.39	0.901 times
22 Fri Mar 2024	39.13	38.59	40.55	38.05	0.833 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

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
02 Tue Apr 2024	37.97	39.00	39.00	37.27	0.099 times
28 Thu Mar 2024	38.83	38.61	40.55	37.39	0.617 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

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 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 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 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 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 but selling is losing 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 38.96 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.