Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-09-30 View latest technical analysis

10 day averaged volume of Open Text is 516720

Date	Daily Closing Price	Open	High	Low	Volume
30 Mon Sep 2024	33.28	32.87	33.32	32.77	0.671 times
27 Fri Sep 2024	33.09	33.70	33.71	32.96	0.671 times
26 Thu Sep 2024	33.64	33.48	33.71	33.24	0.86 times
25 Wed Sep 2024	33.01	33.57	33.63	33.00	0.776 times
24 Tue Sep 2024	33.56	33.28	33.64	32.99	1.103 times
23 Mon Sep 2024	33.10	32.78	33.18	32.56	0.853 times
20 Fri Sep 2024	32.76	32.70	32.81	32.38	1.303 times
19 Thu Sep 2024	32.80	32.47	32.88	32.30	0.974 times
18 Wed Sep 2024	31.82	31.78	32.07	31.23	1.446 times
17 Tue Sep 2024	31.78	32.23	32.29	31.69	0.927 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 33.1, but if it comes below 33.1, then a intra day sell could be more profitable.
If you take a sell trade below 33.1, then use 33.1 as stoploss and 32.42 as target. However if you take a buy trade in stock , then use 33.1 as stoploss and 33.9 as target.

Share price targets for Open Text (OTEX)

Target Type	Value
Downside Target	27.50
Downside Target	28.19
Downside Target	29.75
Downside Target	31.01
Downside Target	32.60
Downside Target	32.77
Downside Target	32.88
Downside Target	32.97
Upside Target	33.32
Upside Target	33.71
Upside Target	35.97

Intraday share price targets for Open Text (OTEX)

Target Type	Value
Downside Intraday Target	32.93
Downside Intraday Target	32.57
Upside Intraday Target	33.48
Upside Intraday Target	33.67
Downside Intraday Target	33.12

Weekly technical analysis of Open Text (OTEX)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Mon Sep 2024	33.28	32.87	33.32	32.77	0.157 times
27 Fri Sep 2024	33.09	32.78	33.71	32.56	0.743 times
20 Fri Sep 2024	32.76	32.10	32.88	31.23	1.086 times
13 Fri Sep 2024	32.15	31.57	32.60	31.50	1.026 times
06 Fri Sep 2024	31.38	31.57	32.22	31.01	3.882 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
30 Mon Sep 2024	33.28	31.57	33.71	31.01	0.669 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 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 Weak and stock is losing 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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

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

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 32.81 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.