(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 2024-02-08 View latest technical analysis
10 day averaged volume of Open Text is 822900
Date | Daily Closing Price | Open | High | Low | Volume |
08 Thu Feb 2024 | 41.10 | 41.03 | 41.41 | 40.69 | 0.918 times |
07 Wed Feb 2024 | 40.91 | 41.73 | 41.73 | 40.83 | 0.947 times |
06 Tue Feb 2024 | 41.33 | 42.00 | 42.00 | 40.99 | 1.01 times |
05 Mon Feb 2024 | 41.89 | 43.03 | 43.13 | 41.74 | 1.249 times |
02 Fri Feb 2024 | 43.07 | 45.47 | 45.47 | 40.46 | 2.341 times |
01 Thu Feb 2024 | 44.09 | 43.81 | 44.28 | 43.56 | 0.671 times |
31 Wed Jan 2024 | 43.61 | 43.98 | 44.57 | 43.52 | 0.773 times |
30 Tue Jan 2024 | 44.03 | 44.12 | 44.22 | 43.74 | 0.485 times |
29 Mon Jan 2024 | 44.17 | 43.72 | 44.19 | 43.34 | 0.659 times |
26 Fri Jan 2024 | 43.50 | 43.12 | 43.69 | 43.08 | 0.783 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 40.8 as stoploss in an intra day buy trade for a target of 42.07. However, stock will show a bearish move below 40.8.
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 | 40.46 |
Upside Target | 42.72 |
Upside Target | 42.80 |
Upside Target | 43.13 |
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 | 40.15 |
Downside Intraday Target | 39.2 |
Upside Intraday Target | 42.59 |
Upside Intraday Target | 44.08 |
Upside Intraday Target | 41.64 |
Weekly technical analysis of Open Text (OTEX)
Date | Weekly Closing Price | Open | High | Low | Volume |
08 Thu Feb 2024 | 41.10 | 43.03 | 43.13 | 40.69 | 0.837 times |
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 |
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 |
08 Thu Feb 2024 | 41.10 | 43.81 | 45.47 | 40.46 | 0.561 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 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 short 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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up
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 42.62 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 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 short 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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up
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 42.62 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.