OPEN TEXT CORP (OTEX.CA) Stock Technical Analysis
TSX:OTEX - Toronto Stock Exchange - CA6837151068 - Common Stock - Currency: CAD
Overall OTEX gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. OTEX was also a bad performer in the overall market in the last year.
OTEX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 38.83, a Stop Loss order could be placed below this zone.
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37.28
When analyzing the support we notice one important area.
- A support zone ranging from 37.66 to 38.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 38.86 to 39.78. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for OTEX.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OTEX.CA is up. |
| ChartMill Relative Strength | 29.31 | NEGATIVE | OTEX.CA has a low relative strength, it was outperformed by 70.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OTEX.CA is below a declining 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) | DOWN | NEGATIVE | The current price of OTEX.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.48 | NEUTRAL | The RSI value for OTEX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests OTEX.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 47.04 | NEUTRAL | The Stochastics value for OTEX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.74 | LOW VOLATILITY | The low ATR as a percentage value for OTEX.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 20.64 | NEUTRAL | The ADX value for OTEX.CA suggests a possible start of a new trend. |
TSX:OTEX (6/18/2025, 7:00:00 PM)
38.84
+0.22 (+0.57%)