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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 2024-01-12 View latest technical analysis

10 day averaged volume of Open Text is 411850

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Jan 2024	41.55	42.20	42.72	41.53	1.256 times
12 Fri Jan 2024	41.55	42.20	42.72	41.53	1.256 times
11 Thu Jan 2024	42.16	41.71	42.18	41.24	0.938 times
10 Wed Jan 2024	41.57	40.85	41.80	40.79	0.736 times
09 Tue Jan 2024	40.88	40.81	41.17	40.67	0.871 times
08 Mon Jan 2024	41.29	40.15	41.31	40.14	0.746 times
05 Fri Jan 2024	40.13	39.74	40.43	39.68	0.903 times
04 Thu Jan 2024	39.74	39.82	40.13	39.64	1.801 times
03 Wed Jan 2024	39.81	40.26	40.26	39.78	0.938 times
02 Tue Jan 2024	40.65	41.59	41.59	40.53	1.119 times

My analysis of stock is bullish for shortterm, and stock might move up till 42.2 or till 43.2. Use a stoploss of 41.42 and if this stock hits its stoploss, then it can fall down till 40.59

Share price targets for Open Text (OTEX)

Target Type	Value
Downside Target	32.04
Downside Target	33.19
Downside Target	34.29
Downside Target	36.13
Downside Target	39.52
Downside Target	41.53
Upside Target	41.96
Upside Target	42.39
Upside Target	42.72
Upside Target	42.80

Intraday share price targets for Open Text (OTEX)

Target Type	Value
Downside Intraday Target	41.15
Downside Intraday Target	40.74
Upside Intraday Target	42.34
Upside Intraday Target	43.12
Upside Intraday Target	41.93

Weekly technical analysis of Open Text (OTEX)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Fri Jan 2024	41.55	42.20	42.72	41.53	0.276 times
12 Fri Jan 2024	41.55	40.15	42.72	40.14	0.955 times
05 Fri Jan 2024	40.13	41.59	41.59	39.64	6.89 times
29 Fri Dec 2023	42.02	42.25	42.39	41.96	0.279 times
29 Fri Dec 2023	42.02	42.39	42.80	41.96	0.453 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
12 Fri Jan 2024	41.55	41.59	42.72	39.64	0.473 times
29 Fri Dec 2023	42.02	40.16	42.80	39.52	0.701 times
30 Thu Nov 2023	40.14	33.48	41.56	33.19	1.269 times
31 Tue Oct 2023	33.40	35.02	36.13	32.04	1.019 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 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 BUY. Signal strength is Strong 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

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 40.85 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.