OPEN TEXT CORP (OTEX.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:OTEX - CA6837151068 - Common Stock
We assign a technical rating of 0 out of 10 to OTEX. OTEX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
OTEX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 45.69, a Stop Loss order could be placed below this zone.
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37.46
When analyzing the support we can see 4 important areas.
- A support zone ranging from 45.69 to 45.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @44.83 from a trend line in the daily time frame.
- Support @42.45 from a trend line in the daily time frame.
- A support zone ranging from 37.84 to 38.35. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 46.50 to 48.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @54.84 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for OTEX.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OTEX.CA is down. |
| ChartMill Relative Strength | 31.69 | NEUTRAL | OTEX.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OTEX.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OTEX.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OTEX.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 33.45 | NEUTRAL | The RSI value for OTEX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests OTEX.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 15.19 | OVERSOLD | The low Stochastics value suggests OTEX.CA may be oversold. |
| Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for OTEX.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 30.94 | POSITIVE | The high ADX value value for OTEX.CA suggests a strong trend. |
TSX:OTEX (12/12/2025, 7:00:00 PM)
45.7
-0.29 (-0.63%)
OPEN TEXT CORP / OTEX.CA FAQ
What is the ChartMill technical rating of OPEN TEXT CORP (OTEX.CA) stock?
ChartMill assigns a technical rating of 0 / 10 to OTEX.CA.
Can you provide the trend direction for OPEN TEXT CORP?
The current trend direction for OPEN TEXT CORP (OTEX.CA) is Bearish.
What is the RSI signal for OTEX stock?
OPEN TEXT CORP (OTEX.CA) has an RSI value of 33.4464. This indicates that the stock is currently neutral.
What is the MACD signal for OPEN TEXT CORP (OTEX.CA) stock?
The MACD indicator for OPEN TEXT CORP (OTEX.CA) has a value of 0.0832375, indicating a bearish trend.