OPEN TEXT CORP (OTEX.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:OTEX - CA6837151068 - Common Stock
We assign a technical rating of 0 out of 10 to OTEX. 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, OTEX is a bad performer in the overall market: 90% of all stocks are doing better.
- In the last month OTEX has a been trading in the 39.30 - 46.72 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- OTEX is part of the Software industry. There are 68 other stocks in this industry, OTEX did better than 67% of them.
- 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.
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
39.50
3 important resistance areas can be observed.
- A resistance zone ranging from 45.18 to 45.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @46.50 from a horizontal line in the daily time frame.
- Resistance @47.62 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 | DOWN | NEGATIVE | The long term trend for OTEX.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OTEX.CA is down. |
| ChartMill Relative Strength | 10.65 | NEGATIVE | OTEX.CA has a low relative strength, it was outperformed by 89.35% 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) | DOWN | NEGATIVE | The current price of OTEX.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of OTEX.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 25.33 | OVERSOLD | The low RSI value suggests OTEX.CA may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.5 | NEGATIVE | The MACD value suggests OTEX.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 4.47 | OVERSOLD | The low Stochastics value suggests OTEX.CA may be oversold. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for OTEX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 36.57 | POSITIVE | The high ADX value value for OTEX.CA suggests a strong trend. |
TSX:OTEX (1/22/2026, 7:00:00 PM)
39.9
+0.3 (+0.76%)
OPEN TEXT CORP / OTEX.CA FAQ
What is the ChartMill technical rating of OPEN TEXT CORP (OTEX.CA) stock?
ChartMill assigns a technical rating of 0 / 10 to OTEX.CA.
What is the current trend direction of OPEN TEXT CORP (OTEX.CA) stock?
The current trend direction for OPEN TEXT CORP (OTEX.CA) is Bearish.
Can you provide the RSI signal for OPEN TEXT CORP?
OPEN TEXT CORP (OTEX.CA) has an RSI value of 25.3347. This indicates that the stock is currently oversold.
What is the buy/sell signal for OPEN TEXT CORP (OTEX.CA) stock?
The buy/sell signal for OPEN TEXT CORP (OTEX.CA) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for OPEN TEXT CORP?
OPEN TEXT CORP (OTEX.CA) has a resistance level at 45.18. Check the full technical report for our detailed analysis of OTEX.CA support and resistance levels.