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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 2024-06-06 View latest technical analysis

10 day averaged volume of Open Text is 667500

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	28.17	28.02	28.45	28.00	1.193 times
05 Wed Jun 2024	28.09	28.01	28.22	27.97	1.328 times
04 Tue Jun 2024	27.83	28.76	28.79	27.71	1.241 times
03 Mon Jun 2024	28.91	29.26	29.46	28.83	0.805 times
31 Fri May 2024	29.25	29.00	29.29	28.48	1.425 times
30 Thu May 2024	28.84	29.54	29.54	28.83	0.992 times
29 Wed May 2024	29.54	29.51	29.81	29.37	1.003 times
28 Tue May 2024	29.85	30.07	30.14	29.70	0.705 times
23 Thu May 2024	30.35	31.20	31.27	30.28	0.608 times
22 Wed May 2024	30.94	30.72	31.26	30.56	0.7 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 28.9, but if it comes above 28.9, then a intra day buy could be more profitable.
If you take a sell trade below 28.9, then use 28.9 as stoploss and 27.7 as target. However if you take a buy trade in stock , then use 28.9 as stoploss and 29.9 as target.

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	27.43
Downside Intraday Target	26.7
Upside Intraday Target	29.18
Upside Intraday Target	30.2
Upside Intraday Target	28.45

Weekly technical analysis of Open Text (OTEX)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	28.17	29.26	29.46	27.71	1.107 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
06 Thu Jun 2024	28.17	29.26	29.46	27.71	0.161 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 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 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 buy signal for Open Text in short term but BUY signal is weak.

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 28.98 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.