(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 2024-05-14 View latest technical analysis
10 day averaged volume of Open Text is 1305520
| Date | Daily Closing Price | Open | High | Low | Volume |
| 14 Tue May 2024 | 30.55 | 30.72 | 31.04 | 30.51 | 0.363 times |
| 13 Mon May 2024 | 30.61 | 30.42 | 30.89 | 30.35 | 0.641 times |
| 10 Fri May 2024 | 30.35 | 30.22 | 30.93 | 30.20 | 0.621 times |
| 09 Thu May 2024 | 30.13 | 30.50 | 31.18 | 29.82 | 0.749 times |
| 08 Wed May 2024 | 30.53 | 30.05 | 30.77 | 29.98 | 0.775 times |
| 07 Tue May 2024 | 30.25 | 30.31 | 30.93 | 30.19 | 1.412 times |
| 06 Mon May 2024 | 30.22 | 30.60 | 31.83 | 29.93 | 1.131 times |
| 03 Fri May 2024 | 30.25 | 30.44 | 30.58 | 28.19 | 2.839 times |
| 02 Thu May 2024 | 35.47 | 35.76 | 35.85 | 35.18 | 0.627 times |
| 01 Wed May 2024 | 35.35 | 35.31 | 35.97 | 34.99 | 0.517 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 30.9, but if it comes above 30.9, then a intra day buy could be more profitable.
If you take a sell trade below 30.9, then use 30.9 as stoploss and 27.9 as target. However if you take a buy trade in stock , then use 30.9 as stoploss and 33.39 as target.
Share price targets for Open Text (OTEX)
| Target Type | Value |
| Downside Target | 28.19 |
| Downside Target | 29.82 |
| Upside Target | 31.04 |
| Upside Target | 31.83 |
| Upside Target | 34.26 |
| Upside Target | 35.92 |
| Upside Target | 37.39 |
| Upside Target | 37.81 |
| Upside Target | 39.00 |
| Upside Target | 39.07 |
| Upside Target | 40.55 |
| Upside Target | 44.57 |
| Upside Target | 45.47 |
Intraday share price targets for Open Text (OTEX)
| Target Type | Value |
| Downside Intraday Target | 30.25 |
| Downside Intraday Target | 29.96 |
| Upside Intraday Target | 30.94 |
| Upside Intraday Target | 31.34 |
| Upside Intraday Target | 30.65 |
Weekly technical analysis of Open Text (OTEX)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 14 Tue May 2024 | 30.55 | 30.42 | 31.04 | 30.35 | 0.214 times |
| 10 Fri May 2024 | 30.35 | 30.60 | 31.83 | 29.82 | 0.92 times |
| 03 Fri May 2024 | 30.25 | 35.92 | 36.05 | 28.19 | 1.242 times |
| 26 Fri Apr 2024 | 35.68 | 35.44 | 36.39 | 34.85 | 2.014 times |
| 19 Fri Apr 2024 | 35.05 | 35.67 | 35.92 | 34.26 | 0.832 times |
Price has moved up 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 |
| 14 Tue May 2024 | 30.55 | 35.31 | 35.97 | 28.19 | 0.856 times |
| 30 Tue Apr 2024 | 35.31 | 39.00 | 39.00 | 34.26 | 1.522 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 |
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 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 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.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 buy signal for Open Text in short term but BUY signal is weak.
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 30.91 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 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 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 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.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 buy signal for Open Text in short term but BUY signal is weak.
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 30.91 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.