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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 2025-01-27 View latest technical analysis

10 day averaged volume of Open Text is 536930

Date	Daily Closing Price	Open	High	Low	Volume
27 Mon Jan 2025	28.67	28.42	28.99	28.33	0.834 times
24 Fri Jan 2025	28.84	28.74	28.97	28.67	1.584 times
23 Thu Jan 2025	28.63	28.29	28.64	28.02	0.823 times
22 Wed Jan 2025	28.40	28.43	28.53	28.31	1.215 times
21 Tue Jan 2025	28.36	28.09	28.38	27.93	0.879 times
17 Fri Jan 2025	27.78	28.42	28.42	27.71	0.684 times
17 Fri Jan 2025	27.78	28.42	28.42	27.71	0.684 times
16 Thu Jan 2025	28.13	28.20	28.32	27.98	0.772 times
15 Wed Jan 2025	28.17	28.00	28.50	27.64	0.875 times
14 Tue Jan 2025	27.56	27.28	27.72	27.22	1.136 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 28.6, but if it comes below 28.6, then a intra day sell could be more profitable.
If you take a sell trade below 28.6, then use 28.6 as stoploss and 28.17 as target. However if you take a buy trade in stock , then use 28.6 as stoploss and 29.2 as target.

Share price targets for Open Text (OTEX)

Target Type	Value
Downside Target	26.84
Downside Target	27.71
Upside Target	28.97
Upside Target	28.99
Upside Target	29.17
Upside Target	29.82
Upside Target	30.75
Upside Target	31.01
Upside Target	31.07
Upside Target	33.71
Upside Target	34.20

Intraday share price targets for Open Text (OTEX)

Target Type	Value
Downside Intraday Target	28.34
Downside Intraday Target	28
Upside Intraday Target	29
Upside Intraday Target	29.32
Downside Intraday Target	28.66

Weekly technical analysis of Open Text (OTEX)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Mon Jan 2025	28.67	28.42	28.99	28.33	0.185 times
24 Fri Jan 2025	28.84	28.09	28.97	27.93	6.579 times
17 Fri Jan 2025	27.78	28.42	28.42	27.71	0.142 times
17 Fri Jan 2025	27.78	27.09	28.50	26.84	1.832 times
10 Fri Jan 2025	27.50	28.03	28.18	26.96	0.824 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
27 Mon Jan 2025	28.67	28.47	29.17	26.84	0.942 times
31 Tue Dec 2024	28.32	30.70	31.07	27.05	0.73 times
26 Tue Nov 2024	30.02	29.75	30.75	27.89	1.532 times
31 Thu Oct 2024	30.00	33.26	34.20	29.82	0.874 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 Weak and stock is gaining momentum.

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

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 red color and prices are in or above 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

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 28.28 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 negative.

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