(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.
10 day averaged volume of Open Text is 612550
| Date | Daily Closing Price | Open | High | Low | Volume |
| 24 Wed Apr 2024 | 36.02 | 36.27 | 36.37 | 35.70 | 4.21 times |
| 23 Tue Apr 2024 | 36.09 | 35.33 | 36.39 | 35.33 | 1.51 times |
| 22 Mon Apr 2024 | 35.45 | 35.44 | 35.62 | 35.13 | 1.021 times |
| 19 Fri Apr 2024 | 35.05 | 34.63 | 35.16 | 34.63 | 0.908 times |
| 18 Thu Apr 2024 | 34.75 | 34.77 | 34.93 | 34.39 | 0.771 times |
| 17 Wed Apr 2024 | 34.60 | 34.76 | 34.92 | 34.26 | 0.79 times |
| 16 Tue Apr 2024 | 34.47 | 34.68 | 34.88 | 34.42 | 0.889 times |
| 15 Mon Apr 2024 | 34.72 | 35.67 | 35.92 | 34.56 | 0.982 times |
| 12 Fri Apr 2024 | 35.52 | 35.55 | 35.60 | 35.11 | 1.107 times |
| 11 Thu Apr 2024 | 35.91 | 36.27 | 36.29 | 35.60 | 1.134 times |
Stock of Open Text (OTEX) has showed a significant fall. This could be a good time to exit from this stock.
My analysis of stock is bearish for shortterm, and stock might move down till 35.1 or till 33.4. Use a stoploss of 36.51 and if the stock hits stoploss, then it can shoot up till 37.94
Share price targets for Open Text (OTEX)
| Target Type | Value |
| Downside Target | 34.26 |
| Downside Target | 35.11 |
| Downside Target | 35.92 |
| Upside Target | 37.27 |
| Upside Target | 39.00 |
| Upside Target | 39.07 |
| Upside Target | 39.52 |
| Upside Target | 39.87 |
| Upside Target | 40.55 |
| Upside Target | 42.80 |
| Upside Target | 44.57 |
| Upside Target | 45.47 |
Intraday share price targets for Open Text (OTEX)
| Target Type | Value |
| Downside Intraday Target | 35.3 |
| Downside Intraday Target | 34.59 |
| Upside Intraday Target | 36.56 |
| Upside Intraday Target | 37.11 |
| Downside Intraday Target | 35.85 |
Weekly technical analysis of Open Text (OTEX)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 24 Wed Apr 2024 | 36.02 | 35.44 | 36.39 | 35.13 | 1.554 times |
| 19 Fri Apr 2024 | 35.05 | 35.67 | 35.92 | 34.26 | 0.832 times |
| 12 Fri Apr 2024 | 35.52 | 37.60 | 37.77 | 35.11 | 1.524 times |
| 05 Fri Apr 2024 | 37.60 | 39.00 | 39.00 | 37.27 | 1.089 times |
| 28 Thu Mar 2024 | 38.83 | 39.11 | 39.87 | 38.39 | 0.901 times |
Price has moved up 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 |
| 24 Wed Apr 2024 | 36.02 | 39.00 | 39.00 | 34.26 | 1.246 times |
| 28 Thu Mar 2024 | 38.83 | 38.61 | 40.55 | 37.39 | 0.617 times |
| 29 Thu Feb 2024 | 38.49 | 43.81 | 45.47 | 37.81 | 1.502 times |
| 31 Wed Jan 2024 | 43.61 | 41.59 | 44.57 | 39.07 | 1.137 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 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 buy signal for Open Text in short term and BUY signal is strong.
RSI is generating a SELL signal in short term but selling is losing 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 35.51 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 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 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 buy signal for Open Text in short term and BUY signal is strong.
RSI is generating a SELL signal in short term but selling is losing 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 35.51 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 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.