OPEN TEXT CORP (OTEX.CA) Stock Technical Analysis
TSX:OTEX - Toronto Stock Exchange - CA6837151068 - Common Stock - Currency: CAD
Taking everything into account, OTEX scores 6 out of 10 in our technical rating. In the last year, OTEX was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
63% of all other stocks performed better in the past year than OTEX.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
OTEX is an average performer in the Software industry, it outperforms 64% of 60 stocks in the same industry.
OTEX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OTEX is lagging the market.
In the last month OTEX has a been trading in the 38.52 - 45.33 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
OTEX has an average technical rating and also the quality of the setup is only medium 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
37.46
43.31
When analyzing the support we can see 3 important areas.
- A support zone ranging from 39.78 to 40.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @39.00 from a trend 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 multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 42.88 to 42.88. 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 | 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 | 37.5 | NEUTRAL | OTEX.CA is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of OTEX.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.02 | NEUTRAL | The RSI value for OTEX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests OTEX.CA has a positive trend. |
| Stochastics (14,3) | 50.95 | NEUTRAL | The Stochastics value for OTEX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.08 | MEDIUM VOLATILITY | The ATR as a percentage value for OTEX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 21.16 | NEUTRAL | The ADX value for OTEX.CA suggests a possible start of a new 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 |
|---|---|---|---|
| 42.89 | 39.77 | 3.12 (7.27%) | 13.75% |
| An entry @42.89. This is a Buy Stop order right above the resistance zone. | An exit @39.77. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.12 points, which is 7.27%. | For a 1.00% total portfolio risk, you can invest 13.75% of your capital in this trade. |
- 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 (8/14/2025, 7:00:00 PM)
42.87
+0.4 (+0.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.94%
1 Week10.92%
2 Weeks3.73%
1 Month10.46%
3 Month8.97%
6 Month6.51%
12 Month-2.08%
2 Year-21.27%
3 Year3.63%
5 Year-27.54%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.58
ATR(20)%3.08%
ATR Inc15.82%
Range Today1.02
ADR(20)1.18
ADR(20)%2.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS37.5
Mansfield-0.35
10 Day High45.33
10 Day Low38.52
20 Day High45.33
20 Day Low38.52
52 Week High47.52
52 Week Low32.41
CS1 End40.07
CR1 Start42.88
Volume & EV
DER(3)0%
DER(5)0.78%
Volume1.12M
Volume Incr82.65%
Vol(5)1.33M
Vol(50)886.93K