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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 2024-09-17 View latest technical analysis

10 day averaged volume of Open Text is 594899

Date Daily Closing Price Open High Low Volume
17 Tue Sep 2024 31.78 32.23 32.29 31.69 0.805 times
16 Mon Sep 2024 32.13 32.10 32.36 31.74 0.944 times
13 Fri Sep 2024 32.15 32.46 32.60 32.10 0.968 times
12 Thu Sep 2024 32.32 32.26 32.48 32.14 0.696 times
11 Wed Sep 2024 32.30 31.93 32.47 31.79 1.025 times
10 Tue Sep 2024 32.07 32.00 32.11 31.50 0.88 times
09 Mon Sep 2024 31.77 31.57 32.39 31.57 1.019 times
06 Fri Sep 2024 31.38 31.99 32.21 31.01 1.165 times
05 Thu Sep 2024 31.80 31.70 32.15 31.70 0.948 times
04 Wed Sep 2024 31.80 31.57 32.22 31.57 1.23 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 31.7 as stoploss in an intra day buy trade for a target of 32.04. However, stock will show a bearish move below 31.7.

Share price targets for Open Text (OTEX)

Target Type Value
Downside Target 27.50
Downside Target 28.19
Downside Target 29.75
Downside Target 31.01
Upside Target 31.95
Upside Target 32.22
Upside Target 32.36
Upside Target 32.60
Upside Target 32.97
Upside Target 35.97

Intraday share price targets for Open Text (OTEX)

Target Type Value
Downside Intraday Target 31.53
Downside Intraday Target 31.27
Upside Intraday Target 32.2
Upside Intraday Target 32.61
Upside Intraday Target 31.94

Weekly technical analysis of Open Text (OTEX)

Date Weekly Closing Price Open High Low Volume
17 Tue Sep 2024 31.78 32.10 32.36 31.69 0.381 times
13 Fri Sep 2024 32.15 31.57 32.60 31.50 1.026 times
06 Fri Sep 2024 31.38 31.57 32.22 31.01 3.882 times
30 Fri Aug 2024 31.82 31.55 31.84 31.05 0.193 times
30 Fri Aug 2024 31.82 32.68 32.97 31.05 1.18 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
17 Tue Sep 2024 31.78 31.57 32.60 31.01 0.394 times
30 Fri Aug 2024 31.82 31.58 32.97 27.50 1.26 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

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 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 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 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 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 SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Open Text in short term but the sell signal is initial and weak.

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 in or below the green cloud Prices appear to be coming down

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 but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Open Text is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 31.93 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 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 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 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 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 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 SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Open Text in short term but the sell signal is initial and weak.

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 in or below the green cloud Prices appear to be coming down

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 but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Open Text is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 31.93 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 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.

Daily charts

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Daily chart
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