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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 2024-06-25 View latest technical analysis

10 day averaged volume of Open Text is 847150

Date	Daily Closing Price	Open	High	Low	Volume
25 Tue Jun 2024	29.76	29.39	29.80	28.80	0.611 times
24 Mon Jun 2024	29.39	29.50	29.76	29.19	0.719 times
21 Fri Jun 2024	29.69	29.16	29.83	28.92	1.64 times
20 Thu Jun 2024	29.10	28.83	29.30	28.68	0.798 times
18 Tue Jun 2024	28.90	29.20	29.47	28.74	0.889 times
18 Tue Jun 2024	28.90	29.20	29.47	28.74	0.889 times
17 Mon Jun 2024	29.32	28.69	29.51	28.60	1.363 times
14 Fri Jun 2024	28.78	28.56	28.84	28.21	1.177 times
13 Thu Jun 2024	28.59	28.84	28.89	28.52	0.821 times
12 Wed Jun 2024	28.82	28.65	29.26	28.37	0.789 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 29.4, but if it comes below 29.4, then a intra day sell could be more profitable.
If you take a sell trade below 29.4, then use 29.4 as stoploss and 28.81 as target. However if you take a buy trade in stock , then use 29.4 as stoploss and 30.1 as target.

Share price targets for Open Text (OTEX)

Target Type	Value
Downside Target	27.54
Downside Target	28.19
Upside Target	29.83
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	29.11
Downside Intraday Target	28.45
Upside Intraday Target	30.11
Upside Intraday Target	30.45
Downside Intraday Target	29.45

Weekly technical analysis of Open Text (OTEX)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Tue Jun 2024	29.76	29.50	29.80	28.80	0.4 times
21 Fri Jun 2024	29.69	29.20	29.83	28.68	1.478 times
18 Tue Jun 2024	28.90	28.69	29.51	28.60	0.461 times
14 Fri Jun 2024	28.78	27.60	29.26	27.54	1.094 times
07 Fri Jun 2024	27.70	29.26	29.46	27.61	1.374 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
25 Tue Jun 2024	29.76	29.26	29.83	27.54	0.728 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 up 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 to mid 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 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 Weak and stock is losing 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 in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Open Text in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing 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 29.15 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.