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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 2024-08-20 View latest technical analysis

10 day averaged volume of Open Text is 685669

Date Daily Closing Price Open High Low Volume
20 Tue Aug 2024 31.75 32.20 32.38 31.69 0.961 times
19 Mon Aug 2024 32.45 32.02 32.50 31.93 0.97 times
16 Fri Aug 2024 31.99 31.62 32.16 31.62 1.061 times
15 Thu Aug 2024 31.78 31.39 31.89 31.34 1.069 times
14 Wed Aug 2024 31.11 30.74 31.18 30.74 0.816 times
13 Tue Aug 2024 30.74 29.78 30.88 29.78 0.96 times
12 Mon Aug 2024 29.77 30.28 30.45 29.74 0.783 times
09 Fri Aug 2024 30.22 29.95 30.30 29.88 0.976 times
08 Thu Aug 2024 30.02 29.10 30.40 29.10 0.966 times
07 Wed Aug 2024 29.02 29.44 29.48 28.75 1.167 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 31.8 as stoploss in an intra day sell trade for a target of 30.63. However, stock will show a bullish move above 31.8.

Share price targets for Open Text (OTEX)

Target Type Value
Downside Target 27.50
Downside Target 29.74
Downside Target 31.69
Upside Target 31.95
Upside Target 32.16
Upside Target 32.50
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 31.46
Downside Intraday Target 31.17
Upside Intraday Target 32.27
Upside Intraday Target 32.79
Upside Intraday Target 31.98

Weekly technical analysis of Open Text (OTEX)

Date Weekly Closing Price Open High Low Volume
20 Tue Aug 2024 31.75 32.02 32.50 31.69 0.412 times
16 Fri Aug 2024 31.99 30.28 32.16 29.74 0.783 times
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

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
20 Tue Aug 2024 31.75 31.58 32.50 27.50 0.803 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 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 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 losing 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 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 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 30.88 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 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 losing 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 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 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 30.88 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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