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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 2024-10-25 View latest technical analysis

10 day averaged volume of Open Text is 356350

Date	Daily Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	33.28	33.39	33.68	33.18	1.006 times
24 Thu Oct 2024	33.32	32.88	33.43	32.85	1 times
23 Wed Oct 2024	32.84	33.55	33.67	32.76	1.032 times
22 Tue Oct 2024	33.57	33.49	33.74	33.18	1.596 times
21 Mon Oct 2024	33.47	34.00	34.03	33.44	0.668 times
18 Fri Oct 2024	34.03	34.10	34.20	33.98	0.937 times
17 Thu Oct 2024	33.94	34.04	34.20	33.82	0.895 times
16 Wed Oct 2024	34.04	33.67	34.19	33.63	0.922 times
15 Tue Oct 2024	33.60	33.60	33.87	33.49	1.272 times
14 Mon Oct 2024	33.62	33.89	33.90	33.38	0.917 times

My analysis of stock is bearish for shortterm, and stock might move down till 33 or till 32.5. Use a stoploss of 33.41 and if the stock hits stoploss, then it can shoot up till 33.8

Share price targets for Open Text (OTEX)

Target Type	Value
Downside Target	27.50
Downside Target	29.75
Downside Target	31.01
Downside Target	31.95
Upside Target	33.38
Upside Target	33.47
Upside Target	33.71
Upside Target	33.96
Upside Target	34.03
Upside Target	34.20

Intraday share price targets for Open Text (OTEX)

Target Type	Value
Downside Intraday Target	32.68
Downside Intraday Target	32.09
Upside Intraday Target	33.95
Upside Intraday Target	34.63
Upside Intraday Target	33.36

Weekly technical analysis of Open Text (OTEX)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	33.28	34.00	34.03	32.76	1.073 times
18 Fri Oct 2024	34.03	33.89	34.20	33.38	1.143 times
11 Fri Oct 2024	33.81	33.06	33.96	32.75	0.872 times
04 Fri Oct 2024	33.18	32.87	33.47	32.42	0.802 times
27 Fri Sep 2024	33.09	32.78	33.71	32.56	0.743 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
25 Fri Oct 2024	33.28	33.26	34.20	32.42	0.606 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 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 short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 losing momentum.

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

Open Text Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 buy signal for Open Text in short term but BUY signal is weak.

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 33.56 and Open Text (OTEX) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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.