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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 2024-07-05 View latest technical analysis

10 day averaged volume of Open Text is 645510

Date Daily Closing Price Open High Low Volume
05 Fri Jul 2024 30.96 31.05 31.30 30.92 0.949 times
03 Wed Jul 2024 31.10 30.95 31.54 30.91 0.793 times
03 Wed Jul 2024 31.10 30.95 31.54 30.91 0.793 times
02 Tue Jul 2024 30.64 30.01 30.66 29.75 1.044 times
01 Mon Jul 2024 30.08 30.22 30.33 29.87 0.52 times
28 Fri Jun 2024 30.04 30.01 30.15 29.88 1.107 times
27 Thu Jun 2024 29.85 29.59 30.08 29.02 1.094 times
26 Wed Jun 2024 29.65 29.58 29.77 29.17 0.751 times
25 Tue Jun 2024 29.76 29.39 29.80 28.80 0.801 times
24 Mon Jun 2024 29.39 29.50 29.76 29.19 0.944 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 30.4, but if it comes below 30.4, then a intra day sell could be more profitable.
If you take a sell trade below 30.4, then use 30.4 as stoploss and 29.56 as target. However if you take a buy trade in stock , then use 30.4 as stoploss and 31.5 as target.

Share price targets for Open Text (OTEX)

Target Type Value
Downside Target 27.54
Downside Target 28.19
Downside Target 29.51
Downside Target 30.91
Upside Target 31.54
Upside Target 34.26
Upside Target 35.97
Upside Target 37.39
Upside Target 39.00
Upside Target 40.55

Intraday share price targets for Open Text (OTEX)

Target Type Value
Downside Intraday Target 30.73
Downside Intraday Target 30.51
Upside Intraday Target 31.36
Upside Intraday Target 31.77
Upside Intraday Target 31.14

Weekly technical analysis of Open Text (OTEX)

Date Weekly Closing Price Open High Low Volume
05 Fri Jul 2024 30.96 30.95 31.54 30.91 0.739 times
03 Wed Jul 2024 31.10 30.22 31.54 29.75 0.502 times
28 Fri Jun 2024 30.04 29.50 30.15 28.80 1.076 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

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 Fri Jul 2024 30.96 30.22 31.54 29.75 0.169 times
28 Fri Jun 2024 30.04 29.26 30.15 27.54 0.829 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

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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Open Text stock for short term is BUY. 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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 but selling is losing 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 30.25 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 positive

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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Open Text stock for short term is BUY. 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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 but selling is losing 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 30.25 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 positive

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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