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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 2024-09-06 View latest technical analysis

10 day averaged volume of Open Text is 665524

Date Daily Closing Price Open High Low Volume
06 Fri Sep 2024 31.38 31.99 32.21 31.01 1.041 times
05 Thu Sep 2024 31.80 31.70 32.15 31.70 0.847 times
04 Wed Sep 2024 31.80 31.57 32.22 31.57 1.099 times
03 Tue Sep 2024 31.79 31.57 32.09 31.50 1.007 times
30 Fri Aug 2024 31.82 31.55 31.84 31.05 1.029 times
30 Fri Aug 2024 31.82 31.55 31.84 31.05 1.054 times
29 Thu Aug 2024 31.89 32.23 32.45 31.81 1.697 times
28 Wed Aug 2024 32.01 32.38 32.93 32.00 1.049 times
27 Tue Aug 2024 32.62 32.46 32.92 32.46 0.817 times
26 Mon Aug 2024 32.67 32.68 32.97 32.58 0.716 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 31.1 as stoploss in an intra day buy trade for a target of 31.79. However, stock will show a bearish move below 31.1.

Share price targets for Open Text (OTEX)

Target Type Value
Downside Target 27.50
Downside Target 28.19
Downside Target 29.74
Downside Target 31.01
Upside Target 31.69
Upside Target 32.16
Upside Target 32.22
Upside Target 32.64
Upside Target 32.97
Upside Target 35.97

Intraday share price targets for Open Text (OTEX)

Target Type Value
Downside Intraday Target 30.85
Downside Intraday Target 30.33
Upside Intraday Target 32.06
Upside Intraday Target 32.75
Upside Intraday Target 31.54

Weekly technical analysis of Open Text (OTEX)

Date Weekly Closing Price Open High Low Volume
06 Fri Sep 2024 31.38 31.57 32.22 31.01 3.882 times
30 Fri Aug 2024 31.82 31.55 31.84 31.05 0.193 times
30 Fri Aug 2024 31.82 32.68 32.97 31.05 1.18 times
23 Fri Aug 2024 32.59 32.02 32.64 31.69 0.935 times
16 Fri Aug 2024 31.99 30.28 32.16 29.74 0.783 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Open Text (OTEX)

Date Monthly Closing Price Open High Low Volume
06 Fri Sep 2024 31.38 31.57 32.22 31.01 0.163 times
30 Fri Aug 2024 31.82 31.58 32.97 27.50 1.26 times
31 Wed Jul 2024 31.53 30.22 31.95 29.75 0.825 times
28 Fri Jun 2024 30.04 29.26 30.15 27.54 0.829 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 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 to mid term time period is neutral. A longer time frame might give a better analysis.

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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 coming down

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

Stock of Open Text is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 31.92 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 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 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 to mid term time period is neutral. A longer time frame might give a better analysis.

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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 coming down

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

Stock of Open Text is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 31.92 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.

Daily charts

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Daily chart
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