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Open Text Corporation

OTEX Technical Analysis Summary (NASDAQ)

Analyze OTEX on the NASDAQ with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

OTEX●NASDAQ
TechnologySoftware - Application
$24.96
$0.40(1.63%)
U.S. Market opens in 4h 25m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

OTEX Technical Analysis Summary (NASDAQ)

Open Text Corporation (NASDAQ: OTEX) stock currently shows a neutral trend on the NASDAQ, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 45.52)
Trend Strength:Moderate (ADX: 28.74)
Volatility:Medium (ATR: 0.82)
Support/Resistance:$24.30 – $28.31 (Bollinger Bands)

Technical conditions suggest Open Text Corporation on the NASDAQ is awaiting a decisive move. Overall, Open Text Corporation remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 45.52

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 14.41

Bullish
Oversold zone signals rebound potential.

Williams %R: -78.50

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): -10.67

Strongly Bearish
Sharp downside momentum.

Takeaway:Open Text Corporation shows weakening momentum, with sellers gaining the edge.

Trend & Volatility

MACD: 0.14

Bullish
Bullish, trend momentum is strengthening.

ADX: 28.74

Moderate
Moderate trend, direction gaining strength.

ATR (14): 0.82

Low
Low volatility, stable price action.

CCI (14): -108.50

Bearish
Bearish, oversold conditions may spark rebound.

Takeaway:Open Text Corporation shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$28.31
Middle Band (SMA 20)
$26.31
Lower Band
$24.30
Current Position
Within Bands

Takeaway:Open Text Corporation trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$27.26
Middle Line (EMA 20)
$25.62
Lower Channel
$23.98
Squeeze Status
No Squeeze

Takeaway:Open Text Corporation trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume-3.64M
Money Flow Index19.37Bullish, oversold conditions signal rebound potential.
Relative Vigor Index45.62Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:OTEX shows bearish money flow, with sellers dominating volume and vigor.

Technical Trading Signals Summary
Based on the current technical analysis of Open Text Corporation (NASDAQ: OTEX), here are the key trading signals and recommendations:

Bullish Signals

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

MACD below signal line → short-term caution on momentum.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for Open Text Corporation are mixed, suggesting a Hold or wait-and-see approach.

(NASDAQ: OTEX) Technical Analysis FAQ