(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 2024-05-16 View latest technical analysis
10 day averaged volume of Open Text is 1248873
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 30.68 | 30.71 | 30.87 | 30.56 | 0.312 times |
| 15 Wed May 2024 | 30.87 | 30.83 | 30.97 | 30.38 | 0.427 times |
| 14 Tue May 2024 | 30.55 | 30.72 | 31.04 | 30.51 | 0.38 times |
| 13 Mon May 2024 | 30.61 | 30.42 | 30.89 | 30.35 | 0.67 times |
| 10 Fri May 2024 | 30.35 | 30.22 | 30.93 | 30.20 | 0.649 times |
| 09 Thu May 2024 | 30.13 | 30.50 | 31.18 | 29.82 | 0.783 times |
| 08 Wed May 2024 | 30.53 | 30.05 | 30.77 | 29.98 | 0.81 times |
| 07 Tue May 2024 | 30.25 | 30.31 | 30.93 | 30.19 | 1.476 times |
| 06 Mon May 2024 | 30.22 | 30.60 | 31.83 | 29.93 | 1.183 times |
| 03 Fri May 2024 | 30.25 | 30.44 | 30.58 | 28.19 | 2.968 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 30.4 as stoploss in an intra day buy trade for a target of 33. However, stock will show a bearish move below 30.4.
Share price targets for Open Text (OTEX)
| Target Type | Value |
| Downside Target | 28.19 |
| Downside Target | 29.82 |
| Upside Target | 31.04 |
| Upside Target | 31.83 |
| Upside Target | 34.26 |
| Upside Target | 35.92 |
| 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 | 30.34 |
| Downside Intraday Target | 30 |
| Upside Intraday Target | 31.03 |
| Upside Intraday Target | 31.38 |
| Upside Intraday Target | 30.69 |
Weekly technical analysis of Open Text (OTEX)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 30.68 | 30.42 | 31.04 | 30.35 | 0.365 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 |
| 19 Fri Apr 2024 | 35.05 | 35.67 | 35.92 | 34.26 | 0.832 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 |
| 16 Thu May 2024 | 30.68 | 35.31 | 35.97 | 28.19 | 0.919 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 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 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 SELL signal for Open Text in short term and the sell signal is strong.
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. Bears are weakening, and bulls 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 SELL signal in short term but selling 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 30.34 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 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 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 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 SELL signal for Open Text in short term and the sell signal is strong.
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. Bears are weakening, and bulls 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 SELL signal in short term but selling 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 30.34 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 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.