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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 2024-03-22 View latest technical analysis

10 day averaged volume of Open Text is 477260

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	39.13	39.72	39.87	39.03	0.61 times
21 Thu Mar 2024	39.95	39.56	40.55	39.44	1.516 times
20 Wed Mar 2024	39.30	38.38	39.43	38.34	0.857 times
19 Tue Mar 2024	38.39	38.33	38.58	38.05	0.819 times
18 Mon Mar 2024	38.60	38.59	38.97	38.35	0.674 times
15 Fri Mar 2024	38.48	38.38	38.75	38.36	1.614 times
14 Thu Mar 2024	38.76	39.25	39.25	38.40	0.951 times
13 Wed Mar 2024	39.15	38.32	39.25	38.30	1.213 times
12 Tue Mar 2024	38.32	38.95	38.95	38.15	0.848 times
11 Mon Mar 2024	38.66	38.25	38.72	38.08	0.748 times

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 39.3 as stoploss in an intra day sell trade for a target of 38.74. However, stock will show a bullish move above 39.3.

Share price targets for Open Text (OTEX)

Target Type	Value
Downside Target	33.19
Downside Target	37.39
Downside Target	39.07
Upside Target	39.84
Upside Target	40.22
Upside Target	40.55
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	37.94
Downside Intraday Target	36.74
Upside Intraday Target	40.44
Upside Intraday Target	41.74
Upside Intraday Target	39.24

Weekly technical analysis of Open Text (OTEX)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	39.13	38.59	40.55	38.05	0.833 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
22 Fri Mar 2024	39.13	38.61	40.55	37.39	0.494 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 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 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 red color and prices are below the red 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 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 38.93 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 is giving positive 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.