OPEN TEXT CORP (OTEX) Stock Technical Analysis
USA - NASDAQ:OTEX - CA6837151068 - Common Stock
37.38 USD
-0.35 (-0.93%)
37.38 USD
0 (0%)
Overall OTEX gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, OTEX is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
OTEX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
OTEX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
OTEX has an average volume of 1586050 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 80% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
OTEX is an average performer in the Software industry, it outperforms 69% of 281 stocks in the same industry.
Besides having an excellent technical rating, OTEX also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
27.10
38.55
5 important support areas can be observed.
- A support zone ranging from 32.88 to 32.92. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @30.39 from a trend line in the daily time frame.
- Support @29.40 from a trend line in the daily time frame.
- A support zone ranging from 27.95 to 27.95. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @27.37 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 37.38 to 37.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @38.17 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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OTEX is up. |
| ChartMill Relative Strength | 80.44 | POSITIVE | OTEX has a high relative strength, it outperformed 80.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OTEX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OTEX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OTEX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.23 | NEUTRAL | The RSI value for OTEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests OTEX has a negative trend. |
| Stochastics (14,3) | 66.71 | NEUTRAL | The Stochastics value for OTEX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for OTEX suggests some volalility. |
| Average Directional Index/ADX (14) | 52.12 | POSITIVE | The high ADX value value for OTEX 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)
37.38
-0.35 (-0.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.93%
1 Week0.73%
2 Weeks2.16%
1 Month13.65%
3 Month24.64%
6 Month54.91%
12 Month12.66%
2 Year6.5%
3 Year41.38%
5 Year-11.51%
10 Year67.06%
15 Year217.86%
Volatility
ATR(14)1.11
ATR(20)%2.77%
ATR Inc-55.29%
Range Today0.6
ADR(20)0.95
ADR(20)%2.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.44
Mansfield1.47
10 Day High39.04
10 Day Low36.38
20 Day High39.04
20 Day Low32.22
52 Week High39.04
52 Week Low22.79
CS1 End32.92
CR1 Start37.38
Volume & EV
DER(3)1.59%
DER(5)1.02%
Volume780.50K
Volume Incr-53.06%
Vol(5)892.52K
Vol(50)1.59M