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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 2024-04-05 View latest technical analysis

10 day averaged volume of Open Text is 461090

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	37.60	37.50	37.86	37.33	0.923 times
04 Thu Apr 2024	37.45	38.51	38.56	37.45	0.791 times
03 Wed Apr 2024	37.97	37.89	38.23	37.67	0.76 times
02 Tue Apr 2024	37.97	37.86	38.06	37.27	1.185 times
01 Mon Apr 2024	38.41	39.00	39.00	38.32	0.889 times
28 Thu Mar 2024	38.83	38.85	39.13	38.65	0.909 times
27 Wed Mar 2024	38.81	39.60	39.87	38.39	1.683 times
26 Tue Mar 2024	39.38	39.25	39.76	39.15	0.826 times
25 Mon Mar 2024	39.18	39.11	39.34	38.90	0.758 times
22 Fri Mar 2024	39.13	39.72	39.87	39.03	0.631 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, but if it comes above 38, then a intra day buy could be more profitable.
If you take a sell trade below 38, then use 38 as stoploss and 37.3 as target. However if you take a buy trade in stock , then use 38 as stoploss and 38.64 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	36.91
Downside Intraday Target	36.23
Upside Intraday Target	38.64
Upside Intraday Target	39.69
Upside Intraday Target	37.96

Weekly technical analysis of Open Text (OTEX)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	37.60	39.00	39.00	37.27	1.089 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
05 Fri Apr 2024	37.60	39.00	39.00	37.27	0.216 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 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 Weak 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 moving up

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

Although the stock is in the BUY zone, but buying 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 38.47 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.