(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 2024-05-20 View latest technical analysis
10 day averaged volume of Open Text is 885754
| Date | Daily Closing Price | Open | High | Low | Volume |
| 20 Mon May 2024 | 31.13 | 30.41 | 31.24 | 30.41 | 0.493 times |
| 17 Fri May 2024 | 30.48 | 30.75 | 30.75 | 30.41 | 0.569 times |
| 16 Thu May 2024 | 30.68 | 30.71 | 30.87 | 30.56 | 0.44 times |
| 15 Wed May 2024 | 30.87 | 30.83 | 30.97 | 30.38 | 0.602 times |
| 14 Tue May 2024 | 30.55 | 30.72 | 31.04 | 30.51 | 0.536 times |
| 13 Mon May 2024 | 30.61 | 30.42 | 30.89 | 30.35 | 0.944 times |
| 10 Fri May 2024 | 30.35 | 30.22 | 30.93 | 30.20 | 0.915 times |
| 09 Thu May 2024 | 30.13 | 30.50 | 31.18 | 29.82 | 1.104 times |
| 08 Wed May 2024 | 30.53 | 30.05 | 30.77 | 29.98 | 1.142 times |
| 07 Tue May 2024 | 30.25 | 30.31 | 30.93 | 30.19 | 2.081 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 30 as stoploss in an intra day buy trade for a target of 32.56. However, stock will show a bearish move below 30.
Share price targets for Open Text (OTEX)
| Target Type | Value |
| Downside Target | 28.19 |
| Downside Target | 29.82 |
| Downside Target | 31.04 |
| Upside Target | 34.26 |
| Upside Target | 35.97 |
| Upside Target | 37.39 |
| Upside Target | 37.81 |
| Upside Target | 39.00 |
| Upside Target | 39.07 |
| Upside Target | 40.55 |
| Upside Target | 44.57 |
| Upside Target | 45.47 |
Intraday share price targets for Open Text (OTEX)
| Target Type | Value |
| Downside Intraday Target | 30.61 |
| Downside Intraday Target | 30.1 |
| Upside Intraday Target | 31.44 |
| Upside Intraday Target | 31.76 |
| Downside Intraday Target | 30.93 |
Weekly technical analysis of Open Text (OTEX)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 20 Mon May 2024 | 31.13 | 30.41 | 31.24 | 30.41 | 0.16 times |
| 17 Fri May 2024 | 30.48 | 30.42 | 31.04 | 30.35 | 0.447 times |
| 10 Fri May 2024 | 30.35 | 30.60 | 31.83 | 29.82 | 0.92 times |
| 03 Fri May 2024 | 30.25 | 35.92 | 36.05 | 28.19 | 1.242 times |
| 26 Fri Apr 2024 | 35.68 | 35.44 | 36.39 | 34.85 | 2.014 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 |
| 20 Mon May 2024 | 31.13 | 35.31 | 35.97 | 28.19 | 0.982 times |
| 30 Tue Apr 2024 | 35.31 | 39.00 | 39.00 | 34.26 | 1.522 times |
| 28 Thu Mar 2024 | 38.83 | 38.61 | 40.55 | 37.39 | 0.617 times |
| 29 Thu Feb 2024 | 38.49 | 43.81 | 45.47 | 37.81 | 1.502 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 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 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 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 mid to longer 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.
ADX buy sell signal for Open Text stock for short term is SELL. 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 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 stronger in this stock.
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 SELL signal in short term but selling 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 30.47 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.
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 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 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 mid to longer 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.
ADX buy sell signal for Open Text stock for short term is SELL. 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 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 stronger in this stock.
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 SELL signal in short term but selling 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 30.47 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.