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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 2024-07-17 View latest technical analysis

10 day averaged volume of Open Text is 691340

Date	Daily Closing Price	Open	High	Low	Volume
17 Wed Jul 2024	31.33	31.42	31.71	31.08	0.893 times
16 Tue Jul 2024	31.71	31.20	31.75	31.07	1.721 times
15 Mon Jul 2024	31.04	31.59	31.66	30.91	1.537 times
12 Fri Jul 2024	31.54	31.37	31.86	31.33	0.968 times
11 Thu Jul 2024	31.40	31.31	31.59	31.08	1.03 times
10 Wed Jul 2024	31.18	30.90	31.23	30.69	0.999 times
09 Tue Jul 2024	30.88	30.86	31.04	30.45	0.778 times
08 Mon Jul 2024	31.00	30.94	31.03	30.55	0.599 times
05 Fri Jul 2024	30.96	31.05	31.30	30.92	0.886 times
03 Wed Jul 2024	31.10	30.95	31.54	30.91	0.741 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 31.3, but if it comes below 31.3, then a intra day sell could be more profitable.
If you take a sell trade below 31.3, then use 31.3 as stoploss and 30.57 as target. However if you take a buy trade in stock , then use 31.3 as stoploss and 32.3 as target.

Share price targets for Open Text (OTEX)

Target Type	Value
Downside Target	27.54
Downside Target	28.19
Downside Target	28.80
Downside Target	29.75
Upside Target	31.54
Upside Target	31.86
Upside Target	34.26
Upside Target	35.97
Upside Target	37.39
Upside Target	39.00
Upside Target	40.55

Intraday share price targets for Open Text (OTEX)

Target Type	Value
Downside Intraday Target	30.91
Downside Intraday Target	30.49
Upside Intraday Target	31.75
Upside Intraday Target	32.17
Downside Intraday Target	31.33

Weekly technical analysis of Open Text (OTEX)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Wed Jul 2024	31.33	31.59	31.75	30.91	0.949 times
12 Fri Jul 2024	31.54	30.94	31.86	30.45	2.689 times
05 Fri Jul 2024	30.96	30.95	31.54	30.91	0.739 times
03 Wed Jul 2024	31.10	30.22	31.54	29.75	0.502 times
28 Fri Jun 2024	30.04	29.50	30.15	28.80	1.076 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
17 Wed Jul 2024	31.33	30.22	31.86	29.75	0.545 times
28 Fri Jun 2024	30.04	29.26	30.15	27.54	0.829 times
31 Fri May 2024	29.25	35.31	35.97	28.19	1.282 times
30 Tue Apr 2024	35.31	39.00	39.00	34.26	1.522 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 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 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 gaining momentum.

MACD generated a BUY signal for Open Text in short term and the buy signal is strong.

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 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 SELL signal in short term but selling 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 31.26 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 positive

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