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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 2024-08-28 View latest technical analysis

10 day averaged volume of Open Text is 604680

Date Daily Closing Price Open High Low Volume
28 Wed Aug 2024 32.01 32.38 32.93 32.00 1.154 times
27 Tue Aug 2024 32.62 32.46 32.92 32.46 0.899 times
26 Mon Aug 2024 32.67 32.68 32.97 32.58 0.788 times
23 Fri Aug 2024 32.59 32.00 32.64 31.88 0.754 times
22 Thu Aug 2024 31.86 32.26 32.28 31.78 0.905 times
21 Wed Aug 2024 32.14 31.83 32.19 31.73 1.124 times
20 Tue Aug 2024 31.75 32.20 32.38 31.69 1.09 times
19 Mon Aug 2024 32.45 32.02 32.50 31.93 1.099 times
16 Fri Aug 2024 31.99 31.62 32.16 31.62 1.203 times
15 Thu Aug 2024 31.78 31.39 31.89 31.34 1.212 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 32.4 as stoploss in an intra day sell trade for a target of 30.96. However, stock will show a bullish move above 32.4.

Share price targets for Open Text (OTEX)

Target Type Value
Downside Target 27.50
Downside Target 29.74
Downside Target 31.69
Downside Target 32.00
Upside Target 32.16
Upside Target 32.64
Upside Target 32.97
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 31.68
Downside Intraday Target 31.36
Upside Intraday Target 32.65
Upside Intraday Target 33.3
Upside Intraday Target 32.33

Weekly technical analysis of Open Text (OTEX)

Date Weekly Closing Price Open High Low Volume
28 Wed Aug 2024 32.01 32.68 32.97 32.00 0.572 times
23 Fri Aug 2024 32.59 32.02 32.64 31.69 0.935 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

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
28 Wed Aug 2024 32.01 31.58 32.97 27.50 1.065 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 Weak and stock is losing momentum.

MACD generated a BUY signal for Open Text in short term and the buy signal is strong.

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 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 32.15 and Open Text (OTEX) stock is trading below this level. This means that stock is falling with high volumes. 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 Weak and stock is losing momentum.

MACD generated a BUY signal for Open Text in short term and the buy signal is strong.

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 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 32.15 and Open Text (OTEX) stock is trading below this level. This means that stock is falling with high volumes. 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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Daily chart
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