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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 2024-07-31 View latest technical analysis

10 day averaged volume of Open Text is 463237

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	31.53	31.43	31.95	31.18	0.834 times
30 Tue Jul 2024	31.16	31.20	31.48	31.05	0.835 times
29 Mon Jul 2024	31.15	31.51	31.55	30.98	1.566 times
26 Fri Jul 2024	31.50	31.44	31.53	31.14	0.633 times
25 Thu Jul 2024	31.15	30.84	31.73	30.67	1.241 times
24 Wed Jul 2024	30.74	31.25	31.38	30.72	1.027 times
23 Tue Jul 2024	31.39	31.14	31.58	31.14	0.847 times
22 Mon Jul 2024	31.27	30.96	31.34	30.80	0.584 times
19 Fri Jul 2024	30.94	30.58	31.00	30.48	0.704 times
18 Thu Jul 2024	30.85	31.21	31.39	30.68	1.231 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 31.4, but if it comes below 31.4, then a intra day sell could be more profitable.
If you take a sell trade below 31.4, then use 31.4 as stoploss and 31.19 as target. However if you take a buy trade in stock , then use 31.4 as stoploss and 31.8 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	31.86
Upside Target	31.95
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	31.02
Downside Intraday Target	30.52
Upside Intraday Target	31.99
Upside Intraday Target	32.46
Downside Intraday Target	31.49

Weekly technical analysis of Open Text (OTEX)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	31.53	31.51	31.95	30.98	0.747 times
26 Fri Jul 2024	31.50	30.96	31.73	30.67	0.533 times
19 Fri Jul 2024	30.94	31.59	31.75	30.48	1.245 times
12 Fri Jul 2024	31.54	30.94	31.86	30.45	2.689 times
05 Fri Jul 2024	30.96	30.95	31.54	30.91	0.739 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
31 Wed Jul 2024	31.53	30.22	31.95	29.75	0.825 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Open Text ( (OTEX) ) based on a short to mid 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

Price action analysis of Open Text ( (OTEX) ) based on a mid to longer 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.

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 and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Open Text Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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 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 31.14 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.