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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 2024-10-01 View latest technical analysis

10 day averaged volume of Open Text is 495230

Date	Daily Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	32.82	33.26	33.32	32.59	0.82 times
30 Mon Sep 2024	33.28	32.87	33.32	32.77	0.7 times
27 Fri Sep 2024	33.09	33.70	33.71	32.96	0.7 times
26 Thu Sep 2024	33.64	33.48	33.71	33.24	0.897 times
25 Wed Sep 2024	33.01	33.57	33.63	33.00	0.81 times
24 Tue Sep 2024	33.56	33.28	33.64	32.99	1.151 times
23 Mon Sep 2024	33.10	32.78	33.18	32.56	0.89 times
20 Fri Sep 2024	32.76	32.70	32.81	32.38	1.36 times
19 Thu Sep 2024	32.80	32.47	32.88	32.30	1.016 times
18 Wed Sep 2024	31.82	31.78	32.07	31.23	1.508 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 33.1 as stoploss in an intra day sell trade for a target of 32.47. However, stock will show a bullish move above 33.1.

Share price targets for Open Text (OTEX)

Target Type	Value
Downside Target	27.50
Downside Target	29.75
Downside Target	31.01
Downside Target	32.59
Downside Target	32.60
Upside Target	32.88
Upside Target	32.97
Upside Target	33.32
Upside Target	33.71

Intraday share price targets for Open Text (OTEX)

Target Type	Value
Downside Intraday Target	32.5
Downside Intraday Target	32.18
Upside Intraday Target	33.23
Upside Intraday Target	33.64
Upside Intraday Target	32.91

Weekly technical analysis of Open Text (OTEX)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	32.82	32.87	33.32	32.59	0.342 times
27 Fri Sep 2024	33.09	32.78	33.71	32.56	0.743 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

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
01 Tue Oct 2024	32.82	33.26	33.32	32.59	0.037 times
30 Mon Sep 2024	33.28	31.57	33.71	31.01	0.669 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

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 SELL. 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.

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 and SELL 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 32.91 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.