OPEN TEXT CORP (OTEX)
CA6837151068 - Common Stock
Taking everything into account, OTEX scores 0 out of 10 in our technical rating. OTEX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, OTEX is a bad performer in the overall market: 88% of all stocks are doing better.
OTEX is one of the lesser performing stocks in the Software industry. 75% of 277 stocks in the same industry do better.
OTEX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
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.
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 30.47, a Stop Loss order could be placed below this zone.
More info and screens
29.83
40.14
We found 1 important support area.
- A support zone ranging from 30.13 to 30.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 30.49 to 30.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 35.10 to 35.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @39.74 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.51
Mansfield-3.08
10 Day High31.83
10 Day Low29.82
20 Day High36.39
20 Day Low28.19
52 Week High45.47
52 Week Low28.19
Performance
1 Week0.43%
2 Weeks0.76%
1 Month-13.04%
3 Month-23.76%
6 Month-21.32%
12 Month-26.71%
2 Year-25.68%
3 Year-35.12%
5 Year-23.26%
10 Year30.84%
15 Year246.07%
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)-0.03
RSI(14)26.25
LBB27.44
UBB35.57
OPEN TEXT CORP
NASDAQ:OTEX (5/17/2024, 7:18:15 PM)
After market: 30.48 0 (0%)30.48
-0.2 (-0.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.65%
1 Week0.43%
2 Weeks0.76%
1 Month-13.04%
3 Month-23.76%
6 Month-21.32%
12 Month-26.71%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.24
ATR(20)%3.65%
ATR Inc
Range Today0.34
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High31.83
10 Day Low29.82
20 Day High36.39
20 Day Low28.19
52 Week High45.47
52 Week Low28.19
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume535.20K
Volume Incr-45.96%
Vol(5)561.52K
Vol(50)717.40K