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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 2024-06-05 View latest technical analysis

10 day averaged volume of Open Text is 622533

Date Daily Closing Price Open High Low Volume
05 Wed Jun 2024 28.09 28.01 28.22 27.97 1.424 times
04 Tue Jun 2024 27.83 28.76 28.79 27.71 1.331 times
03 Mon Jun 2024 28.91 29.26 29.46 28.83 0.864 times
31 Fri May 2024 29.25 29.00 29.29 28.48 1.528 times
30 Thu May 2024 28.84 29.54 29.54 28.83 1.063 times
29 Wed May 2024 29.54 29.51 29.81 29.37 1.075 times
28 Tue May 2024 29.85 30.07 30.14 29.70 0.756 times
23 Thu May 2024 30.35 31.20 31.27 30.28 0.652 times
22 Wed May 2024 30.94 30.72 31.26 30.56 0.75 times
21 Tue May 2024 30.93 31.03 31.17 30.74 1.28 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 28, for a target of 29.1 or 30.01

Share price targets for Open Text (OTEX)

Target Type Value
Downside Target 27.71
Upside Target 29.46
Upside Target 31.04
Upside Target 31.83
Upside Target 34.26
Upside Target 35.97
Upside Target 37.39
Upside Target 37.81
Upside Target 39.00
Upside Target 40.55
Upside Target 45.47

Intraday share price targets for Open Text (OTEX)

Target Type Value
Downside Intraday Target 27.38
Downside Intraday Target 26.67
Upside Intraday Target 29.13
Upside Intraday Target 30.17
Upside Intraday Target 28.42

Weekly technical analysis of Open Text (OTEX)

Date Weekly Closing Price Open High Low Volume
05 Wed Jun 2024 28.09 29.26 29.46 27.71 0.818 times
31 Fri May 2024 29.25 30.07 30.14 28.48 1.307 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

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 Wed Jun 2024 28.09 29.26 29.46 27.71 0.119 times
31 Fri May 2024 29.25 35.31 35.97 28.19 1.282 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

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 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 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 29.31 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 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 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 29.31 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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