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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 2024-05-30 View latest technical analysis

10 day averaged volume of Open Text is 514807

Date Daily Closing Price Open High Low Volume
30 Thu May 2024 28.84 29.54 29.54 28.83 1.286 times
29 Wed May 2024 29.54 29.51 29.81 29.37 1.3 times
28 Tue May 2024 29.85 30.07 30.14 29.70 0.914 times
23 Thu May 2024 30.35 31.20 31.27 30.28 0.788 times
22 Wed May 2024 30.94 30.72 31.26 30.56 0.908 times
21 Tue May 2024 30.93 31.03 31.17 30.74 1.547 times
20 Mon May 2024 31.13 30.41 31.24 30.41 0.849 times
17 Fri May 2024 30.48 30.75 30.75 30.41 0.979 times
16 Thu May 2024 30.68 30.71 30.87 30.56 0.757 times
15 Wed May 2024 30.87 30.83 30.97 30.38 1.037 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 29.3, but if it comes above 29.3, then a intra day buy could be more profitable.
If you take a sell trade below 29.3, then use 29.3 as stoploss and 27.4 as target. However if you take a buy trade in stock , then use 29.3 as stoploss and 30.87 as target.

Share price targets for Open Text (OTEX)

Target Type Value
Downside Target 28.19
Downside Target 28.83
Upside 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 28.4
Downside Intraday Target 27.96
Upside Intraday Target 29.71
Upside Intraday Target 30.58
Upside Intraday Target 29.27

Weekly technical analysis of Open Text (OTEX)

Date Weekly Closing Price Open High Low Volume
30 Thu May 2024 28.84 30.07 30.14 28.83 0.855 times
23 Thu May 2024 30.35 30.41 31.27 30.28 0.769 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

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
30 Thu May 2024 28.84 35.31 35.97 28.19 1.218 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 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 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 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 and selling is picking up 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 30.31 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 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 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 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 and selling is picking up 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 30.31 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.

Daily charts

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Daily chart
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