(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 2024-08-05 View latest technical analysis
10 day averaged volume of Open Text is 524517
| Date | Daily Closing Price | Open | High | Low | Volume |
| 05 Mon Aug 2024 | 28.54 | 27.66 | 29.29 | 27.50 | 2.159 times |
| 02 Fri Aug 2024 | 28.49 | 29.50 | 29.82 | 27.84 | 2.173 times |
| 01 Thu Aug 2024 | 30.49 | 31.58 | 31.63 | 30.33 | 1.144 times |
| 31 Wed Jul 2024 | 31.53 | 31.43 | 31.95 | 31.18 | 0.737 times |
| 30 Tue Jul 2024 | 31.16 | 31.20 | 31.48 | 31.05 | 0.738 times |
| 29 Mon Jul 2024 | 31.15 | 31.51 | 31.55 | 30.98 | 1.383 times |
| 26 Fri Jul 2024 | 31.50 | 31.44 | 31.53 | 31.14 | 0.559 times |
| 25 Thu Jul 2024 | 31.15 | 30.84 | 31.73 | 30.67 | 1.096 times |
| 24 Wed Jul 2024 | 30.74 | 31.25 | 31.38 | 30.72 | 0.907 times |
| 23 Tue Jul 2024 | 31.39 | 31.14 | 31.58 | 31.14 | 0.748 times |
Stock of Open Text (OTEX) has showed a significant upmove. This could be a good time to enter in this stock!
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 29, for a target of 30.1 or 30.91
Share price targets for Open Text (OTEX)
| Target Type | Value |
| Downside Target | 27.50 |
| Upside Target | 29.29 |
| Upside Target | 31.63 |
| Upside Target | 31.73 |
| Upside Target | 31.75 |
| Upside Target | 31.86 |
| Upside Target | 31.95 |
| Upside Target | 34.26 |
| Upside Target | 35.97 |
| Upside Target | 39.00 |
Intraday share price targets for Open Text (OTEX)
| Target Type | Value |
| Downside Intraday Target | 27.6 |
| Downside Intraday Target | 26.65 |
| Upside Intraday Target | 29.39 |
| Upside Intraday Target | 30.23 |
| Downside Intraday Target | 28.44 |
Weekly technical analysis of Open Text (OTEX)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 05 Mon Aug 2024 | 28.54 | 27.66 | 29.29 | 27.50 | 0.35 times |
| 02 Fri Aug 2024 | 28.49 | 31.51 | 31.95 | 27.84 | 1.614 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 |
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 |
| 05 Mon Aug 2024 | 28.54 | 31.58 | 31.63 | 27.50 | 0.222 times |
| 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 |
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 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 neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Open Text stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Open Text in short term and the sell signal is strong.
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 SELL signal for Open Text in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up 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 30.13 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.
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 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 neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Open Text stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Open Text in short term and the sell signal is strong.
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 SELL signal for Open Text in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up 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 30.13 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.