OPEN TEXT CORP (OTEX.CA) Stock Technical Analysis
Canada - TSX:OTEX - CA6837151068 - Common Stock
54.89 CAD
+0.2 (+0.37%)
Overall OTEX gets a technical rating of 8 out of 10. Although OTEX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
OTEX is one of the better performing stocks in the Software industry, it outperforms 70% of 62 stocks in the same industry.
OTEX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
OTEX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
OTEX has an average volume of 1182040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, OTEX did better than 70% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Besides having an excellent technical rating, OTEX also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 54.90. Right above this resistance zone may be a good entry point. 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
37.46
55.76
5 important support areas can be observed.
- Support @51.76 from a horizontal line in the daily time frame.
- Support @42.12 from a trend line in the daily time frame.
- Support @40.78 from a trend line in the daily time frame.
- Support @39.13 from a horizontal 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.
We found 1 important resistance area.
- A resistance zone ranging from 54.90 to 55.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for OTEX.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OTEX.CA is up. |
| ChartMill Relative Strength | 70.52 | POSITIVE | OTEX.CA has a high relative strength, it outperformed 70.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OTEX.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OTEX.CA is above the rising 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) | 66.6 | NEUTRAL | The RSI value for OTEX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests OTEX.CA has a negative trend. |
| Stochastics (14,3) | 71.71 | NEUTRAL | The Stochastics value for OTEX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for OTEX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 55.2 | POSITIVE | The high ADX value value for OTEX.CA suggests a strong trend. |
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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 55.22 | 52.61 | 2.61 (4.73%) | 21.16% |
| An entry @55.22. This is a Buy Stop order right above the resistance zone. | An exit @52.61. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.61 points, which is 4.73%. | When investing 21.16% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:OTEX (10/20/2025, 7:00:00 PM)
54.89
+0.2 (+0.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.37%
1 Week1.57%
2 Weeks3.64%
1 Month7.82%
3 Month30.44%
6 Month46.73%
12 Month18.73%
2 Year18.55%
3 Year39.1%
5 Year12.13%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.15
ATR(20)%2.36%
ATR Inc-44.99%
Range Today0.45
ADR(20)1.22
ADR(20)%2.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.52
Mansfield2.01
10 Day High56
10 Day Low52.62
20 Day High56
20 Day Low50.44
52 Week High56
52 Week Low32.41
CS1 End51.76
CR1 Start54.9
Volume & EV
DER(3)-0.34%
DER(5)0.85%
Volume580.07K
Volume Incr-26.92%
Vol(5)886.40K
Vol(50)1.18M