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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 2024-10-03 View latest technical analysis

10 day averaged volume of Open Text is 445970

Date	Daily Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	32.94	32.60	32.99	32.42	1.044 times
02 Wed Oct 2024	32.88	32.71	33.06	32.71	0.734 times
01 Tue Oct 2024	32.82	33.26	33.32	32.59	0.911 times
30 Mon Sep 2024	33.28	32.87	33.32	32.77	0.777 times
27 Fri Sep 2024	33.09	33.70	33.71	32.96	0.777 times
26 Thu Sep 2024	33.64	33.48	33.71	33.24	0.996 times
25 Wed Sep 2024	33.01	33.57	33.63	33.00	0.899 times
24 Tue Sep 2024	33.56	33.28	33.64	32.99	1.279 times
23 Mon Sep 2024	33.10	32.78	33.18	32.56	0.989 times
20 Fri Sep 2024	32.76	32.70	32.81	32.38	1.51 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 33.2 as stoploss in an intra day sell trade for a target of 32.58. However, stock will show a bullish move above 33.2.

Share price targets for Open Text (OTEX)

Target Type	Value
Downside Target	27.50
Downside Target	29.75
Downside Target	31.01
Downside Target	32.56
Downside Target	32.60
Downside Target	32.88
Upside Target	32.97
Upside Target	33.32
Upside Target	33.71

Intraday share price targets for Open Text (OTEX)

Target Type	Value
Downside Intraday Target	32.47
Downside Intraday Target	31.99
Upside Intraday Target	33.37
Upside Intraday Target	33.79
Downside Intraday Target	32.89

Weekly technical analysis of Open Text (OTEX)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	32.94	32.87	33.32	32.42	0.702 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 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
03 Thu Oct 2024	32.94	33.26	33.32	32.42	0.11 times
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

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 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 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 SELL. Signal strength is Weak 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 above the green cloud Prices appear to be moving up

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 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 33.11 and Open Text (OTEX) stock is trading below this level. This means that stock is falling with high volumes. 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.