OPEN TEXT CORP (OTEX) Stock Technical Analysis
NASDAQ:OTEX - Nasdaq - CA6837151068 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to OTEX. 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.
When comparing the yearly performance of all stocks, OTEX is a bad performer in the overall market: 63% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month OTEX has a been trading in the 24.76 - 28.34 range, which is quite wide. It is currently trading near the high of this range.
OTEX has an average volume of 1244050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
OTEX is an average performer in the Software industry, it outperforms 54% of 283 stocks in the same industry.
OTEX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OTEX is lagging the market slightly.
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
25.59
28.47
2 important support areas can be observed.
- A support zone ranging from 27.37 to 28.07. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 25.85 to 26.12. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 28.15 to 28.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS37.68
Mansfield-0.81
10 Day High28.35
10 Day Low26.1
20 Day High28.35
20 Day Low24.76
52 Week High34.2
52 Week Low22.79
Performance
1 Week3.68%
2 Weeks7.57%
1 Month10.31%
3 Month-0.95%
6 Month-2.39%
12 Month-7.68%
2 Year-32.39%
3 Year-31.38%
5 Year-32.26%
10 Year32.61%
15 Year164.23%
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)
Technical Indicators
MACD(12,26,9)0.14
RSI(14)62.99
LBB25.83
UBB28.64
28.14
+0.17 (+0.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.61%
1 Week3.68%
2 Weeks7.57%
1 Month10.31%
3 Month-0.95%
6 Month-2.39%
12 Month-7.68%
2 Year-32.39%
3 Year-31.38%
5 Year-32.26%
10 Year32.61%
15 Year164.23%
Volatility
ATR(14)0.73
ATR(20)%2.6%
ATR Inc-52.39%
Range Today0.28
ADR(20)0.69
ADR(20)%2.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS37.68
Mansfield-0.81
10 Day High28.35
10 Day Low26.1
20 Day High28.35
20 Day Low24.76
52 Week High34.2
52 Week Low22.79
CS1 End28.07
CR1 Start28.15
Volume & EV
DER(3)-0.7%
DER(5)0.79%
Volume1.46M
Volume Incr27.67%
Vol(5)1.48M
Vol(50)1.24M