(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 2024-10-31 View latest technical analysis
10 day averaged volume of Open Text is 412400
| Date | Daily Closing Price | Open | High | Low | Volume |
| 31 Thu Oct 2024 | 30.00 | 32.50 | 32.51 | 29.82 | 3.244 times |
| 30 Wed Oct 2024 | 33.78 | 33.66 | 34.15 | 33.66 | 1.157 times |
| 29 Tue Oct 2024 | 33.84 | 33.76 | 33.90 | 33.35 | 1.366 times |
| 28 Mon Oct 2024 | 33.75 | 33.50 | 33.79 | 33.36 | 1.313 times |
| 25 Fri Oct 2024 | 33.28 | 33.39 | 33.68 | 33.18 | 0.869 times |
| 24 Thu Oct 2024 | 33.32 | 32.88 | 33.43 | 32.85 | 0.864 times |
| 23 Wed Oct 2024 | 32.84 | 33.55 | 33.67 | 32.76 | 0.892 times |
| 22 Tue Oct 2024 | 33.57 | 33.49 | 33.74 | 33.18 | 1.379 times |
| 21 Mon Oct 2024 | 33.47 | 34.00 | 34.03 | 33.44 | 0.577 times |
| 18 Fri Oct 2024 | 34.03 | 34.10 | 34.20 | 33.98 | 0.809 times |
Stock of Open Text (OTEX) has showed a significant fall. This could be a good time to exit from this stock.
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 31.5, for a target of 32.5 or 33.39
Share price targets for Open Text (OTEX)
| Target Type | Value |
| Downside Target | 27.50 |
| Downside Target | 29.75 |
| Upside Target | 31.01 |
| Upside 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 | 34.15 |
| Upside Target | 34.20 |
Intraday share price targets for Open Text (OTEX)
| Target Type | Value |
| Downside Intraday Target | 28.5 |
| Downside Intraday Target | 26.99 |
| Upside Intraday Target | 32.83 |
| Upside Intraday Target | 35.65 |
| Upside Intraday Target | 31.32 |
Weekly technical analysis of Open Text (OTEX)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 31 Thu Oct 2024 | 30.00 | 33.50 | 34.15 | 29.82 | 1.545 times |
| 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 |
Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Open Text (OTEX)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 31 Thu Oct 2024 | 30.00 | 33.26 | 34.20 | 29.82 | 0.874 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 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 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 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 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 Strong 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. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red 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 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 32.64 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 negative.
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 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 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 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 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 Strong 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. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red 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 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 32.64 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.