OPEN TEXT CORP (OTEX.CA) Stock Technical Analysis
Canada - TSX:OTEX - CA6837151068 - Common Stock
52.19 CAD
+0.32 (+0.62%)
Taking everything into account, OTEX scores 8 out of 10 in our technical rating. 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.
The long and short term trends are both positive. This is looking good!
OTEX is part of the Software industry. There are 65 other stocks in this industry. OTEX outperforms 70% of them.
OTEX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so OTEX is lagging the market slightly.
In the last month OTEX has a been trading in the 44.43 - 54.20 range, which is quite wide. It is currently trading near the high of this range.
OTEX has an average volume of 1176200 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 overall good ranking is mostly due to the recent strong move.
OTEX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for OTEX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
37.46
53.58
4 important support areas can be observed.
- A support zone ranging from 44.92 to 45.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @41.08 from a trend line in the daily time frame.
- Support @39.44 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 can see 2 important resistance areas.
- Resistance @52.20 from a horizontal line in the weekly time frame.
- Resistance @53.05 from a horizontal line in the daily time frame.
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 | 70.98 | POSITIVE | OTEX.CA has a high relative strength, it outperformed 70.98% 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) | 66.89 | NEUTRAL | The RSI value for OTEX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests OTEX.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.21 | NEUTRAL | The Stochastics value for OTEX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for OTEX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 54.96 | 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 |
|---|---|---|---|
| 52.21 | 50.01 | 2.20 (4.21%) | 23.73% |
| An entry @52.21. This is a Buy Stop order right above the resistance zone. | An exit @50.01. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.20 points, which is 4.21%. | When investing 23.73% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of OTEX. Please evaluate whether better entry and exit points can be found.
- 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 (9/26/2025, 7:00:00 PM)
52.19
+0.32 (+0.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.62%
1 Week2.51%
2 Weeks5.63%
1 Month15.06%
3 Month32.77%
6 Month44.29%
12 Month16.68%
2 Year9.48%
3 Year42.95%
5 Year-7.27%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.63
ATR(20)%2.77%
ATR Inc-12.03%
Range Today1.01
ADR(20)1.32
ADR(20)%2.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.98
Mansfield1.52
10 Day High54.2
10 Day Low50.02
20 Day High54.2
20 Day Low44.43
52 Week High54.2
52 Week Low32.41
CS1 End45.45
CR1 Start52.2
Volume & EV
DER(3)3.54%
DER(5)1.43%
Volume591.79K
Volume Incr-26.04%
Vol(5)1.11M
Vol(50)1.18M