(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 2024-05-22 View latest technical analysis
10 day averaged volume of Open Text is 677117
| Date | Daily Closing Price | Open | High | Low | Volume |
| 22 Wed May 2024 | 30.94 | 30.72 | 31.26 | 30.56 | 0.69 times |
| 21 Tue May 2024 | 30.93 | 31.03 | 31.17 | 30.74 | 1.176 times |
| 20 Mon May 2024 | 31.13 | 30.41 | 31.24 | 30.41 | 0.645 times |
| 17 Fri May 2024 | 30.48 | 30.75 | 30.75 | 30.41 | 0.744 times |
| 16 Thu May 2024 | 30.68 | 30.71 | 30.87 | 30.56 | 0.576 times |
| 15 Wed May 2024 | 30.87 | 30.83 | 30.97 | 30.38 | 0.788 times |
| 14 Tue May 2024 | 30.55 | 30.72 | 31.04 | 30.51 | 0.701 times |
| 13 Mon May 2024 | 30.61 | 30.42 | 30.89 | 30.35 | 1.235 times |
| 10 Fri May 2024 | 30.35 | 30.22 | 30.93 | 30.20 | 1.196 times |
| 09 Thu May 2024 | 30.13 | 30.50 | 31.18 | 29.82 | 1.445 times |
My analysis of stock is bearish for shortterm, and stock might move down till 29.8 or till 27. Use a stoploss of 32.05 and if the stock hits stoploss, then it can shoot up till 34.33
Share price targets for Open Text (OTEX)
| Target Type | Value |
| Downside Target | 28.19 |
| Downside Target | 29.82 |
| Upside Target | 31.04 |
| Upside Target | 34.26 |
| Upside Target | 35.97 |
| 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 | 30.48 |
| Downside Intraday Target | 30.02 |
| Upside Intraday Target | 31.33 |
| Upside Intraday Target | 31.72 |
| Downside Intraday Target | 30.87 |
Weekly technical analysis of Open Text (OTEX)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 22 Wed May 2024 | 30.94 | 30.41 | 31.26 | 30.41 | 0.621 times |
| 17 Fri May 2024 | 30.48 | 30.42 | 31.04 | 30.35 | 0.447 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 |
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 |
| 22 Wed May 2024 | 30.94 | 35.31 | 35.97 | 28.19 | 1.068 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 definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Open Text ( (OTEX) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Open Text ( (OTEX) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls 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 but SELL signal is weak.
RSI is generating a SELL signal in short term and selling is picking up 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 30.61 and Open Text (OTEX) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.
Price action analysis of Open Text ( (OTEX) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Open Text ( (OTEX) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Open Text ( (OTEX) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls 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 but SELL signal is weak.
RSI is generating a SELL signal in short term and selling is picking up 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 30.61 and Open Text (OTEX) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.