OPEN TEXT CORP (OTEX) Stock Technical Analysis
NASDAQ:OTEX - Nasdaq - CA6837151068 - Common Stock - Currency: USD
We assign a technical rating of 3 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.
72% of all other stocks performed better in the past year than OTEX.
OTEX has an average volume of 1519780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
OTEX is part of the Software industry. There are 282 other stocks in this industry, OTEX did better than 41% 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.
In the last month OTEX has a been trading in the 27.39 - 30.27 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
27.10
30.69
We found 1 important support area.
- A support zone ranging from 27.37 to 27.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 29.99 to 30.39. 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 | NEUTRAL | NEUTRAL | The short term trend for OTEX is neutral. |
| ChartMill Relative Strength | 28.33 | NEGATIVE | OTEX has a low relative strength, it was outperformed by 71.67% 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) | UP | MIXED | The current price of OTEX is below the rising 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) | 43.37 | NEUTRAL | The RSI value for OTEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests OTEX has a negative trend. |
| Stochastics (14,3) | 45.7 | NEUTRAL | The Stochastics value for OTEX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.38 | MEDIUM VOLATILITY | The ATR as a percentage value for OTEX suggests some volalility. |
| Average Directional Index/ADX (14) | 22.01 | NEUTRAL | The ADX value for OTEX suggests a possible start of a new 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)
28.02
-1.21 (-4.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-4.14%
1 Week-6.57%
2 Weeks-2.94%
1 Month-2.61%
3 Month11.41%
6 Month1.89%
12 Month-11.16%
2 Year-34.76%
3 Year-31.49%
5 Year-37.77%
10 Year23.14%
15 Year183.75%
Volatility
ATR(14)0.71
ATR(20)%2.38%
ATR Inc32.02%
Range Today0.96
ADR(20)0.63
ADR(20)%2.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.33
Mansfield-1.07
10 Day High30.27
10 Day Low28
20 Day High30.27
20 Day Low27.4
52 Week High34.2
52 Week Low22.79
CS1 End27.97
CR1 Start29.99
Volume & EV
DER(3)-1.22%
DER(5)-0.67%
Volume1.10M
Volume Incr-15.49%
Vol(5)1.47M
Vol(50)1.52M