OPEN TEXT CORP (OTEX) Stock Technical Analysis
NASDAQ:OTEX - Nasdaq - CA6837151068 - Common Stock - Currency: USD
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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, OTEX is a bad performer in the overall market: 74% of all stocks are doing better.
OTEX is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month OTEX has a been trading in the 22.79 - 26.90 range, which is quite wide. It is currently trading near the high of this range.
OTEX has an average volume of 1365400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
OTEX is an average performer in the Software industry, it outperforms 51% of 285 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
OTEX has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
24.95
32.03
We found 1 important support area.
- A support zone ranging from 25.20 to 25.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 26.88 to 27.30. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @27.76 from a trend line in the daily time frame.
- Resistance @28.69 from a trend line in the daily time frame.
- Resistance @30.39 from a horizontal line in the daily time frame.
- Resistance @31.71 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.74
Mansfield-0.58
10 Day High26.9
10 Day Low23.94
20 Day High26.9
20 Day Low22.79
52 Week High36.05
52 Week Low22.79
Performance
1 Week5.08%
2 Weeks6.25%
1 Month0.19%
3 Month-6.83%
6 Month-19.26%
12 Month-24.69%
2 Year-29.08%
3 Year-32.91%
5 Year-29.2%
10 Year6.25%
15 Year155.06%
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)0.24
RSI(14)59.47
LBB23.08
UBB27.05
26.87
+0.98 (+3.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg3.79%
1 Week5.08%
2 Weeks6.25%
1 Month0.19%
3 Month-6.83%
6 Month-19.26%
12 Month-24.69%
2 Year-29.08%
3 Year-32.91%
5 Year-29.2%
10 Year6.25%
15 Year155.06%
Volatility
ATR(14)1.03
ATR(20)%3.7%
ATR Inc-8.8%
Range Today1
ADR(20)0.91
ADR(20)%3.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.74
Mansfield-0.58
10 Day High26.9
10 Day Low23.94
20 Day High26.9
20 Day Low22.79
52 Week High36.05
52 Week Low22.79
CS1 End25.52
CR1 Start26.88
Volume & EV
DER(3)-1.03%
DER(5)-0.31%
Volume984.08K
Volume Incr-31.08%
Vol(5)864.69K
Vol(50)1.37M