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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.

10 day averaged volume of Open Text is 523860

Date Daily Closing Price Open High Low Volume
18 Mon Mar 2024 38.60 38.59 38.97 38.35 0.614 times
15 Fri Mar 2024 38.48 38.38 38.75 38.36 1.47 times
14 Thu Mar 2024 38.76 39.25 39.25 38.40 0.867 times
13 Wed Mar 2024 39.15 38.32 39.25 38.30 1.105 times
12 Tue Mar 2024 38.32 38.95 38.95 38.15 0.773 times
11 Mon Mar 2024 38.66 38.25 38.72 38.08 0.681 times
08 Fri Mar 2024 38.42 38.86 39.03 38.36 0.692 times
07 Thu Mar 2024 38.64 37.90 38.71 37.83 1.111 times
06 Wed Mar 2024 37.58 38.56 38.66 37.39 1.317 times
05 Tue Mar 2024 37.89 39.21 39.41 37.87 1.161 times

My analysis of stock is bearish for shortterm, and stock might move down till 38.2 or till 37.6. Use a stoploss of 38.64 and if the stock hits stoploss, then it can shoot up till 39.11

Share price targets for Open Text (OTEX)

Target Type Value
Downside Target 33.19
Downside Target 37.39
Upside Target 39.36
Upside Target 39.52
Upside Target 39.84
Upside Target 40.22
Upside Target 41.56
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 38.31
Downside Intraday Target 38.02
Upside Intraday Target 38.93
Upside Intraday Target 39.26
Upside Intraday Target 38.64

Weekly technical analysis of Open Text (OTEX)

Date Weekly Closing Price Open High Low Volume
18 Mon Mar 2024 38.60 38.59 38.97 38.35 0.125 times
15 Fri Mar 2024 38.48 38.25 39.25 38.08 0.959 times
08 Fri Mar 2024 38.42 39.08 39.84 37.39 0.76 times
01 Fri Mar 2024 39.26 38.67 39.36 38.22 1.269 times
23 Fri Feb 2024 38.68 39.76 40.22 37.81 0.812 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
18 Mon Mar 2024 38.60 38.61 39.84 37.39 0.379 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
29 Fri Dec 2023 42.02 40.16 42.80 39.52 0.701 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Open Text ( (OTEX) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Open Text ( (OTEX) ) based on a short to mid 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

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 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 tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below the red 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

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 38.41 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 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Open Text ( (OTEX) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Open Text ( (OTEX) ) based on a short to mid 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

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 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 tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below the red 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

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 38.41 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 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.

Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart
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