(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 2024-07-08 View latest technical analysis
10 day averaged volume of Open Text is 567830
| Date | Daily Closing Price | Open | High | Low | Volume |
| 08 Mon Jul 2024 | 31.00 | 30.94 | 31.03 | 30.55 | 0.73 times |
| 05 Fri Jul 2024 | 30.96 | 31.05 | 31.30 | 30.92 | 1.079 times |
| 03 Wed Jul 2024 | 31.10 | 30.95 | 31.54 | 30.91 | 0.902 times |
| 03 Wed Jul 2024 | 31.10 | 30.95 | 31.54 | 30.91 | 0.902 times |
| 02 Tue Jul 2024 | 30.64 | 30.01 | 30.66 | 29.75 | 1.187 times |
| 01 Mon Jul 2024 | 30.08 | 30.22 | 30.33 | 29.87 | 0.591 times |
| 28 Fri Jun 2024 | 30.04 | 30.01 | 30.15 | 29.88 | 1.259 times |
| 27 Thu Jun 2024 | 29.85 | 29.59 | 30.08 | 29.02 | 1.244 times |
| 26 Wed Jun 2024 | 29.65 | 29.58 | 29.77 | 29.17 | 0.854 times |
| 25 Tue Jun 2024 | 29.76 | 29.39 | 29.80 | 28.80 | 0.911 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 30.6, but if it comes below 30.6, then a intra day sell could be more profitable.
If you take a sell trade below 30.6, then use 30.6 as stoploss and 29.7 as target. However if you take a buy trade in stock , then use 30.6 as stoploss and 31.6 as target.
Share price targets for Open Text (OTEX)
| Target Type | Value |
| Downside Target | 27.54 |
| Downside Target | 28.19 |
| Downside Target | 29.75 |
| 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 | 30.69 |
| Downside Intraday Target | 30.38 |
| Upside Intraday Target | 31.17 |
| Upside Intraday Target | 31.34 |
| Downside Intraday Target | 30.86 |
Weekly technical analysis of Open Text (OTEX)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 08 Mon Jul 2024 | 31.00 | 30.94 | 31.03 | 30.55 | 0.368 times |
| 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 |
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 |
| 08 Mon Jul 2024 | 31.00 | 30.22 | 31.54 | 29.75 | 0.195 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
ADX buy sell signal for Open Text stock for short term is BUY. Signal strength is Strong 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 tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up
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 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 30.4 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
ADX buy sell signal for Open Text stock for short term is BUY. Signal strength is Strong 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 tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up
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 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 30.4 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.