OPEN TEXT CORP (OTEX) Technical Analysis
NASDAQ:OTEX • CA6837151068
Current stock price
22.52 USD
-0.02 (-0.09%)
At close:
22.52 USD
0 (0%)
After Hours:
OTEX Technical Rating and Analysis
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: 85% of all stocks are doing better.
- OTEX is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so OTEX is lagging the market.
- OTEX is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- OTEX has an average volume of 2303060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- OTEX is part of the Software industry. There are 275 other stocks in this industry, OTEX did better than 52% of them.
- Considerably lower volume is observed in the last couple of days.
OTEX Weekly and Daily overview Charts
OTEX Setup Rating and Analysis
OTEX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.
More info and screens
OTEX Support and Resistance Analysis
22.29
34.11
4 important resistance areas can be observed.
- A resistance zone ranging from 22.66 to 22.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 25.43 to 26.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @26.85 from a trend line in the daily time frame.
- Resistance @33.77 from a horizontal line in the daily time frame.
OTEX Technical Indicator Signal Analysis
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 is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OTEX is down. |
| ChartMill Relative Strength | 15.31 | NEGATIVE | OTEX has a low relative strength, it was outperformed by 84.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OTEX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OTEX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OTEX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.5 | NEUTRAL | The RSI value for OTEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests OTEX has a positive trend. |
| Stochastics (14,3) | 48.64 | NEUTRAL | The Stochastics value for OTEX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.82 | MEDIUM VOLATILITY | The ATR as a percentage value for OTEX suggests some volalility. |
| Average Directional Index/ADX (14) | 41.62 | POSITIVE | The high ADX value value for OTEX suggests a strong trend. |
OTEX Chart- and CandleStick Pattern Analysis
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)
OTEX Technicals: Chart, Performance Metrics, Trend & Indicators
22.52
-0.02 (-0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.09%
1 Week1.21%
2 Weeks-0.4%
1 Month-12.75%
3 Month-29.05%
6 Month-40.64%
12 Month-6.67%
2 Year-36.22%
3 Year-40.56%
5 Year-52.19%
10 Year-19.46%
15 Year47.19%
Volatility
ATR(14)0.83
ATR(20)%3.82%
ATR Inc4.94%
Range Today0.91
ADR(20)0.84
ADR(20)%3.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.31
3 months CRS11.74
6 months CRS13.33
Mansfield-2.68
10 Day High23.19
10 Day Low21.31
20 Day High25.84
20 Day Low21.31
52 Week High39.9
52 Week Low21.31
CS1 EndN/A
CR1 Start22.66
Volume & EV
DER(3)1.23%
DER(5)0.68%
Volume1.03M
Volume Incr-42.11%
Vol(5)1.18M
Vol(50)2.30M
OPEN TEXT CORP / OTEX TA FAQ
What is the ChartMill technical rating of OPEN TEXT CORP (OTEX) stock?
ChartMill assigns a technical rating of 0 / 10 to OTEX.
What is the current trend direction of OPEN TEXT CORP (OTEX) stock?
The current trend direction for OPEN TEXT CORP (OTEX) is Bearish.
What is the RSI signal for OPEN TEXT CORP (OTEX) stock?
OPEN TEXT CORP (OTEX) has an RSI value of 42.5031. This indicates that the stock is currently neutral.
What is the short term momentum for OTEX stock?
The short term momentum for OPEN TEXT CORP (OTEX) is negative.
Can you provide the buy/sell signal for OPEN TEXT CORP?
The buy/sell signal for OPEN TEXT CORP (OTEX) is sell as both the short term and long term trends are negative.