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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 2024-09-23 View latest technical analysis

10 day averaged volume of Open Text is 569330

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	33.10	32.78	33.18	32.56	0.774 times
20 Fri Sep 2024	32.76	32.70	32.81	32.38	1.183 times
19 Thu Sep 2024	32.80	32.47	32.88	32.30	0.884 times
18 Wed Sep 2024	31.82	31.78	32.07	31.23	1.312 times
17 Tue Sep 2024	31.78	32.23	32.29	31.69	0.841 times
16 Mon Sep 2024	32.13	32.10	32.36	31.74	0.986 times
13 Fri Sep 2024	32.15	32.46	32.60	32.10	1.011 times
12 Thu Sep 2024	32.32	32.26	32.48	32.14	0.727 times
11 Wed Sep 2024	32.30	31.93	32.47	31.79	1.071 times
10 Tue Sep 2024	32.07	32.00	32.11	31.50	0.919 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 33, for a target of 32.5 or 32.1

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
Downside Target	32.22
Downside Target	32.56
Downside Target	32.60
Downside Target	32.88
Downside Target	32.97
Upside Target	33.18
Upside Target	35.97

Intraday share price targets for Open Text (OTEX)

Target Type	Value
Downside Intraday Target	32.71
Downside Intraday Target	32.33
Upside Intraday Target	33.33
Upside Intraday Target	33.57
Downside Intraday Target	32.95

Weekly technical analysis of Open Text (OTEX)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	33.10	32.78	33.18	32.56	0.149 times
20 Fri Sep 2024	32.76	32.10	32.88	31.23	1.086 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

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
23 Mon Sep 2024	33.10	31.57	33.18	31.01	0.539 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 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 neutral. A longer time frame might give a better analysis.

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 gaining 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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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 BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 32.3 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.