Technical analysis from Open Text (OTEX, NASDAQ:OTEX) on the NASDAQ Stock Exchange (NASDAQ). Download the latest price data & trading signals

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Accumulation still active for Open Text
Accumulation / Distribution /
Accumulation still active for Open Text

[BULLISH]: Open Text current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 71475.

Open Text: Volume MACD oscillator (6826)
MACD Volume /
Open Text: Volume MACD oscillator (6826)

[BULLISH]: Open Text currently has positive Volume MACD of 6826. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Simple Moving Average /
Simple Moving Average(5) signal continues for Open Text indicating downward price movement is likely

[BEARISH]: Open Text currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -0.1%.

High Wave Line /
Open Text: High Wave Line

OTEX: Reversal (Weak) Candlestick Current Signal -> (1) 22 Jun: REVERSAL (2) 21 Jun: NEUTRAL (3) 20 Jun: NEUTRAL

Percentage Price /
PPO has positive momentum signalling a continuation of upward price rise for OTEX

[BULLISH]: Open Text currently has positive PPO 0.598%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Moving Average Envelope /
Oversold signal continues for Open Text indicating upward price movement is likely

[BULLISH]: Open Text current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 33.706.

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Volume Rate of Change /
Volume rate of change continues to build for Open Text signalling a short term uptrend is likely

OTEX: VROC Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: BULLISH CROSSOVER (3) 20 Jun: BEARISH CROSSOVER

Fibonacci Extensions /
[Short]: Exit price for OTEX should be set @$0

Open Text has moved above the 161.8% level ($0) [Bearish]. Look for a short limit order entry near this point. Exit price for OTEX should be set @$0 & short position stoploss for Open Text should be set at $0

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Stoploss for Open Text should be set at $412.81
Fibonacci Retracements /
Stoploss for Open Text should be set at $412.81

Open Text is still above the 61.8% retracement level ($0) [Bullish]. Look for a long limit order entry near this point. Exit price for OTEX should be set @$417.93 & Stoploss for Open Text should be set between $412.81

OTEX: Percentage Volume Oscillator [Bearish Crossover]
Percentage Volume /
OTEX: Percentage Volume Oscillator [Bearish Crossover]

[BEARISH CROSSOVER]: Open Text currently has negative PVO -1.09%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0%.

Elder Ray Index /
[Bull Power]: ERI has increased for Open Text during the last trading session

[BULLISH]: Open Text Elder Ray Index is signalling a Bullish movementERI is 0.268 indicating bull power. Prices are being driven above the consensus of value for OTEX during the last trading session [Buying Pressure]

Medium Trend /
Open Text has maintained the 2nd timeframe trend [Uptrend]

[BULLISH]: Open Text has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Jun 19 2018.

On Balance Volume /
Recent trading signals Open Text is being accumulated

[BULLISH]: Open Text current price has highlighted recent accumulation. Currently, the OBV is 724827.

Open Text: Look for a short limit order entry @$35.35
Woodie Pivot Point /
Open Text: Look for a short limit order entry @$35.35

Open Text current pivot point (Woodie) is: $35.655. The current resistance levels are: (R1) $36.01: (R2) $36.315The current support levels are: (S1) $35.35: (S2) $34.995

Open Text: Average True Range (0.574) has confirmed an uptrend is present
Average True Range /
Open Text: Average True Range (0.574) has confirmed an uptrend is present

[Bullish]: Average True Range has confirmed an uptrend is present. Open Text has a TR of 0.66, and an ATR(14) of 0.574.

Price Range /
Recent trading for OTEX has beaten the previous trading range ($0.66) [Uptrend]

OTEX: Price Range Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: BEARISH (3) 20 Jun: BULLISH

Sine Weighted Moving Average /
Price is now trading below the Sine Weighted Moving Average(5) for OTEX

[BEARISH]: Open Text currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -0.1%.

Demarks Pivot Points /
[Long]: Entry price for OTEX should be set @$35.56

Open Text has broken the first DeMark resistance point ($35.5600) [Bullish]. Look for a long limit order entry near this point. Exit price for OTEX should be set @$35.82 & Stoploss for Open Text should be set at $35.16

Open Text: CMF has confirmed bullish relationship between price & volume
Chaikin Money Flow /
Open Text: CMF has confirmed bullish relationship between price & volume

OTEX: Chaikin Oscillator Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: BULLISH (3) 20 Jun: BULLISH

MACD oscillator remains negative for OTEX
MACD /
MACD oscillator remains negative for OTEX

[BEARISH]: Open Text currently has negative MACD of -0.0454. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -0.8%.

Limit order for a short position has been identified for Open Text [Bearish]
Pivot Points /
Limit order for a short position has been identified for Open Text [Bearish]

Open Text current pivot point is: 35.647. The current resistance levels are: (R1) $35.994: (R2) $36.307: (R3) $36.654: The current support levels are: (S1) $35.334: (S2) $34.987: (S3) $34.674

High Price /
Recent trading for Open Text fell short of the previous high by -0.4 %

[BEARISH]: Open Text current downtrend in the first timeframe. Currently, the HIGH is -0.4 %.

Volume /
Open Text: Daily volume is 267663 [Lower Volume]

[BEARISH]: Open Text current volume downtrend in the first timeframe. Volume for OTEX is 267663 (-36.4).

Rate of Change /
Open Text: Rate of Change (14)

[BULLISH]: Open Text currently has positive rate of change of 1.019%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Ease of Movement /
Ease of Movement for Open Textis -53.014 [Easily Moved]

OTEX: EOM Recent Trading -> (1) 22 Jun: -53.014 (2) 21 Jun: 6.4 (3) 20 Jun: 55.824

Recent trading has highlighted low Ulcer index for Open Text
Ulcer Index /
Recent trading has highlighted low Ulcer index for Open Text

[BEARISH]: Open Text UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.191.

Open Text: Range Performance (34.7)
Range Tod Vs Range Yest /
Open Text: Range Performance (34.7)

OTEX: Range today versus range yesterday Current Signal ->(1) 22 Jun: BULLISH (2) 21 Jun: BEARISH (3) 20 Jun: BULLISH

Weighted Moving Average /
[Bearish]: WMA(5) is serving as a resistance line for Open Text

[BEARISH]: Open Text currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -0.1%.

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