Overall OTEX gets a technical rating of 1 out of 10. OTEX has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, OTEX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 33.29, a Stop Loss order could be placed below this zone.
More info and screens
27.67
We found 3 important support areas.
- A support zone ranging from 32.56 to 33.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @31.61 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 33.74 to 33.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 39.08 to 39.35. 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 is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OTEX is down. |
| ChartMill Relative Strength | 65.99 | NEUTRAL | OTEX is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of OTEX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.64 | NEUTRAL | The RSI value for OTEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests OTEX has a positive trend. |
| Stochastics (14,3) | 45.09 | NEUTRAL | The Stochastics value for OTEX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.73 | MEDIUM VOLATILITY | The ATR as a percentage value for OTEX suggests some volalility. |
| Average Directional Index/ADX (14) | 36.22 | POSITIVE | The high ADX value value for OTEX suggests a strong trend. |
NASDAQ:OTEX (12/2/2025, 3:16:48 PM)
33.59
-0.14 (-0.42%)
OPEN TEXT CORP / OTEX FAQ
What is the ChartMill technical rating of OPEN TEXT CORP (OTEX) stock?
ChartMill assigns a technical rating of 1 / 10 to OTEX.
Can you provide the trend direction for OPEN TEXT CORP?
The current trend direction for OPEN TEXT CORP (OTEX) is Bearish.
What is the RSI signal for OTEX stock?
OPEN TEXT CORP (OTEX) has an RSI value of 38.6411. This indicates that the stock is currently neutral.
What is the MACD signal for OPEN TEXT CORP (OTEX) stock?
The MACD indicator for OPEN TEXT CORP (OTEX) has a value of 0.0603965, indicating a bearish trend.