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'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.
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: 78% of all stocks are doing better.
OTEX is one of the lesser performing stocks in the Software industry. 61% of 63 stocks in the same industry do 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 32.41 - 38.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of OTEX is bad and it also does not present a quality setup 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
35.74
44.85
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 36.10 to 37.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 38.48 to 38.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @40.77 from a trend line in the daily time frame.
- Resistance @43.40 from a horizontal line in the weekly time frame.
- Resistance @44.41 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
CRS22.02
Mansfield-1.19
10 Day High38.8
10 Day Low34.16
20 Day High38.8
20 Day Low32.41
52 Week High47.52
52 Week Low32.41
Performance
1 Week-3.5%
2 Weeks2.12%
1 Month3.11%
3 Month-15.58%
6 Month-10.64%
12 Month-12.76%
2 Year-36.04%
3 Year-30.36%
5 Year-36.89%
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)0.19
RSI(14)48.48
LBB34.23
UBB38.12
TSX:OTEX (5/2/2025, 7:00:00 PM)
36.1
+0.31 (+0.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.87%
1 Week-3.5%
2 Weeks2.12%
1 Month3.11%
3 Month-15.58%
6 Month-10.64%
12 Month-12.76%
2 Year-36.04%
3 Year-30.36%
5 Year-36.89%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.99
ATR(20)%3.62%
ATR Inc112.12%
Range Today0.88
ADR(20)1.21
ADR(20)%3.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.02
Mansfield-1.19
10 Day High38.8
10 Day Low34.16
20 Day High38.8
20 Day Low32.41
52 Week High47.52
52 Week Low32.41
CS1 EndN/A
CR1 Start36.1
Volume & EV
DER(3)-0.78%
DER(5)0.67%
Volume744.75K
Volume Incr-21.14%
Vol(5)762.14K
Vol(50)999.71K