(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 2024-08-09 View latest technical analysis
10 day averaged volume of Open Text is 697120
| Date | Daily Closing Price | Open | High | Low | Volume |
| 09 Fri Aug 2024 | 30.22 | 29.95 | 30.30 | 29.88 | 0.96 times |
| 08 Thu Aug 2024 | 30.02 | 29.10 | 30.40 | 29.10 | 0.951 times |
| 07 Wed Aug 2024 | 29.02 | 29.44 | 29.48 | 28.75 | 1.147 times |
| 06 Tue Aug 2024 | 28.92 | 28.63 | 29.30 | 28.43 | 1.212 times |
| 05 Mon Aug 2024 | 28.54 | 27.66 | 29.29 | 27.50 | 1.624 times |
| 02 Fri Aug 2024 | 28.49 | 29.50 | 29.82 | 27.84 | 1.635 times |
| 01 Thu Aug 2024 | 30.49 | 31.58 | 31.63 | 30.33 | 0.861 times |
| 31 Wed Jul 2024 | 31.53 | 31.43 | 31.95 | 31.18 | 0.554 times |
| 30 Tue Jul 2024 | 31.16 | 31.20 | 31.48 | 31.05 | 0.555 times |
| 29 Mon Jul 2024 | 31.15 | 31.51 | 31.55 | 30.98 | 1.04 times |
My analysis of stock is bearish for shortterm, and stock might move down till 29.6 or till 28.4. Use a stoploss of 30.57 and if the stock hits stoploss, then it can shoot up till 31.58
Share price targets for Open Text (OTEX)
| Target Type | Value |
| Downside Target | 27.50 |
| Downside Target | 29.75 |
| 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 | 28.35 |
| Downside Intraday Target | 26.47 |
| Upside Intraday Target | 31.25 |
| Upside Intraday Target | 32.27 |
| Downside Intraday Target | 29.37 |
Weekly technical analysis of Open Text (OTEX)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 09 Fri Aug 2024 | 30.22 | 27.66 | 30.40 | 27.50 | 1.269 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 |
| 09 Fri Aug 2024 | 30.22 | 31.58 | 31.63 | 27.50 | 0.452 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 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 SELL signal for Open Text in short term and the sell 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 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 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 29.63 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 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 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 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 SELL signal for Open Text in short term and the sell 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 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 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 29.63 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 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.