OPEN TEXT CORP (OTEX) Stock Technical Analysis
NASDAQ:OTEX - Nasdaq - CA6837151068 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to OTEX. 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, OTEX is a bad performer in the overall market: 84% of all stocks are doing better.
OTEX is part of the Software industry. There are 283 other stocks in this industry, of which 74% are performing better than OTEX.
OTEX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month OTEX has a been trading in the 27.64 - 31.75 range, which is quite wide. It is currently trading near the lows of this range.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
OTEX has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 27.70, a Stop Loss order could be placed below this zone.
More info and screens
26.92
32.03
We found 1 important support area.
- A support zone ranging from 27.19 to 27.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 28.86 to 30.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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
CRS16.82
Mansfield-1.82
10 Day High31.75
10 Day Low27.78
20 Day High31.75
20 Day Low27.64
52 Week High40.55
52 Week Low26.84
Performance
1 Week-6.88%
2 Weeks-3.18%
1 Month2.69%
3 Month-1.84%
6 Month-11.59%
12 Month-29.21%
2 Year-17.68%
3 Year-34.94%
5 Year-32.49%
10 Year-2.78%
15 Year132.73%
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)-0.07
RSI(14)45.95
LBB27.86
UBB30.38
OPEN TEXT CORP
NASDAQ:OTEX (2/12/2025, 8:00:03 PM)
After market: 28.3 0 (0%)28.3
-0.36 (-1.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.26%
1 Week-6.88%
2 Weeks-3.18%
1 Month2.69%
3 Month-1.84%
6 Month-11.59%
12 Month-29.21%
2 Year-17.68%
3 Year-34.94%
5 Year-32.49%
10 Year-2.78%
15 Year132.73%
Volatility
ATR(14)1.07
ATR(20)%3.25%
ATR Inc-38.8%
Range Today0.6
ADR(20)0.88
ADR(20)%3.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.82
Mansfield-1.82
10 Day High31.75
10 Day Low27.78
20 Day High31.75
20 Day Low27.64
52 Week High40.55
52 Week Low26.84
CS1 End27.7
CR1 Start28.86
Volume & EV
DER(3)1.5%
DER(5)0.91%
Volume1.21M
Volume Incr108.18%
Vol(5)1.20M
Vol(50)672.37K