OPEN TEXT CORP (OTEX) Stock Technical Analysis
NASDAQ:OTEX - Nasdaq - CA6837151068 - Common Stock - Currency: USD
Overall OTEX gets a technical rating of 6 out of 10. In the past year, OTEX was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
OTEX has an average volume of 1490140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, OTEX turns out to be only a medium performer in the overall market: it outperformed 53% of all stocks.
OTEX is part of the Software industry. There are 284 other stocks in this industry, OTEX did better than 54% 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 a tight range between 27.64 and 29.05.
Although the technical rating is only medium, OTEX does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 27.95, a Stop Loss order could be placed below this zone.
More info and screens
26.71
29.31
When analyzing the support we can see 2 important areas.
- A support zone ranging from 27.89 to 28.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 26.98 to 27.38. 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.
- Resistance @29.02 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 | NEUTRAL | NEUTRAL | The long term trend for OTEX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OTEX is up. |
| ChartMill Relative Strength | 53.94 | NEUTRAL | OTEX is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of OTEX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.16 | NEUTRAL | The RSI value for OTEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests OTEX has a negative trend. |
| Stochastics (14,3) | 74.24 | NEUTRAL | The Stochastics value for OTEX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.81 | LOW VOLATILITY | The low ATR as a percentage value for OTEX suggests low volalility. |
| Average Directional Index/ADX (14) | 31.01 | 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)
NASDAQ:OTEX (6/16/2025, 11:18:57 AM)
28.595
+0.33 (+1.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg1.19%
1 Week1.33%
2 Weeks-0.18%
1 Month1.04%
3 Month8.44%
6 Month-4.27%
12 Month-1.81%
2 Year-31.99%
3 Year-25.32%
5 Year-33.47%
10 Year39.45%
15 Year201.12%
Volatility
ATR(14)0.56
ATR(20)%1.81%
ATR Inc21.23%
Range Today0.3
ADR(20)0.48
ADR(20)%1.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.94
Mansfield-0.72
10 Day High29.05
10 Day Low27.64
20 Day High29.05
20 Day Low27.64
52 Week High34.2
52 Week Low22.79
CS1 End27.95
CR1 Start28.3
Volume & EV
DER(3)1.47%
DER(5)0.63%
Volume173.84K
Volume Incr-25.59%
Vol(5)1.29M
Vol(50)1.49M