(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 2024-02-02 View latest technical analysis
10 day averaged volume of Open Text is 523900
| Date | Daily Closing Price | Open | High | Low | Volume |
| 02 Fri Feb 2024 | 43.07 | 45.47 | 45.47 | 40.46 | 3.676 times |
| 01 Thu Feb 2024 | 44.09 | 43.81 | 44.28 | 43.56 | 1.054 times |
| 31 Wed Jan 2024 | 43.61 | 43.98 | 44.57 | 43.52 | 1.214 times |
| 30 Tue Jan 2024 | 44.03 | 44.12 | 44.22 | 43.74 | 0.761 times |
| 29 Mon Jan 2024 | 44.17 | 43.72 | 44.19 | 43.34 | 1.035 times |
| 26 Fri Jan 2024 | 43.50 | 43.12 | 43.69 | 43.08 | 1.23 times |
| 25 Thu Jan 2024 | 43.13 | 42.00 | 43.33 | 41.70 | 1.702 times |
| 24 Wed Jan 2024 | 41.89 | 41.90 | 42.27 | 41.61 | 0.941 times |
| 23 Tue Jan 2024 | 41.54 | 41.72 | 41.95 | 41.11 | 0.651 times |
| 22 Mon Jan 2024 | 41.70 | 41.40 | 41.78 | 41.19 | 0.823 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 bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 43.4 as stoploss in an intra day sell trade for a target of 42.1. However, stock will show a bullish move above 43.4.
Share price targets for Open Text (OTEX)
| Target Type | Value |
| Downside Target | 32.04 |
| Downside Target | 33.19 |
| Downside Target | 36.13 |
| Downside Target | 39.07 |
| Downside Target | 41.56 |
| Downside Target | 42.72 |
| Downside Target | 42.80 |
| Upside Target | 43.69 |
| Upside Target | 44.57 |
| Upside Target | 45.47 |
Intraday share price targets for Open Text (OTEX)
| Target Type | Value |
| Downside Intraday Target | 40.53 |
| Downside Intraday Target | 37.99 |
| Upside Intraday Target | 45.54 |
| Upside Intraday Target | 48.01 |
| Downside Intraday Target | 43 |
Weekly technical analysis of Open Text (OTEX)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 02 Fri Feb 2024 | 43.07 | 43.72 | 45.47 | 40.46 | 1.447 times |
| 26 Fri Jan 2024 | 43.50 | 41.40 | 43.69 | 41.11 | 1.619 times |
| 19 Fri Jan 2024 | 41.17 | 40.85 | 41.26 | 39.07 | 3.345 times |
| 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 |
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 |
| 02 Fri Feb 2024 | 43.07 | 43.81 | 45.47 | 40.46 | 0.237 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 |
| 30 Thu Nov 2023 | 40.14 | 33.48 | 41.56 | 33.19 | 1.269 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 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 SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for Open Text in short term and the buy signal is strong.
Open Text Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
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 but SELL signal is weak.
RSI is generating a BUY signal in short term but buying is losing 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 43.15 and Open Text (OTEX) stock is trading below this level. This means that stock is falling with high volumes. 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 is giving positive 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.
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 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 SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for Open Text in short term and the buy signal is strong.
Open Text Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
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 but SELL signal is weak.
RSI is generating a BUY signal in short term but buying is losing 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 43.15 and Open Text (OTEX) stock is trading below this level. This means that stock is falling with high volumes. 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 is giving positive 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.