OPEN TEXT CORP (OTEX.CA) Stock Technical Analysis
TSX:OTEX - Toronto Stock Exchange - CA6837151068 - Common Stock - Currency: CAD
Taking everything into account, OTEX scores 1 out of 10 in our technical rating. OTEX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
80% of all other stocks performed better in the past year than OTEX.
OTEX is part of the Software industry. There are 66 other stocks in this industry, of which 69% are performing better than OTEX.
OTEX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month OTEX has a been trading in the 39.69 - 45.39 range, which is quite wide. It is currently trading near the lows of this range.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, OTEX does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 40.05, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
37.66
57.34
We found 2 important support areas.
- A support zone ranging from 39.26 to 40.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 38.04 to 38.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 41.30 to 42.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 43.34 to 43.34. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @44.41 from a horizontal line in the daily time frame.
- A resistance zone ranging from 46.97 to 47.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @56.77 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.04
Mansfield-1.46
10 Day High45.39
10 Day Low39.69
20 Day High45.39
20 Day Low39.69
52 Week High54.86
52 Week Low37.92
Performance
1 Week-2.57%
2 Weeks-3.44%
1 Month3.59%
3 Month1.36%
6 Month-6.42%
12 Month-24.03%
2 Year-12.77%
3 Year-25.73%
5 Year-27.1%
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.11
RSI(14)47.51
LBB39.97
UBB43.87
OPEN TEXT CORP
TSX:OTEX (2/11/2025, 7:00:00 PM)
40.97
-0.39 (-0.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.94%
1 Week-2.57%
2 Weeks-3.44%
1 Month3.59%
3 Month1.36%
6 Month-6.42%
12 Month-24.03%
2 Year-12.77%
3 Year-25.73%
5 Year-27.1%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.51
ATR(20)%3.13%
ATR Inc-2.4%
Range Today0.62
ADR(20)1.23
ADR(20)%3.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.04
Mansfield-1.46
10 Day High45.39
10 Day Low39.69
20 Day High45.39
20 Day Low39.69
52 Week High54.86
52 Week Low37.92
CS1 End40.05
CR1 Start41.3
Volume & EV
DER(3)-0.32%
DER(5)1.02%
Volume870.72K
Volume Incr102.05%
Vol(5)1.24M
Vol(50)761.63K