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OTEX: Short term trend has confirmed a rally day
Coles Reaction Day /
OTEX: Short term trend has confirmed a rally day

Open Text: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for OTEX

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

[BULLISH CROSSOVER]: Open Text currently has positive rate of change of 0.026%. 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

Elders Force Index /
Open Text: Direction, extent & volume have increased in recent trading [Buying Pressure]

OTEX: Elders Force Index Current Signal -> (1) 19 Mar: BULLISH CROSSOVER (2) 18 Mar: BEARISH (3) 15 Mar: BEARISH

White Candle /
OTEX Basic Candle: White

[BULLISH]: Open Text has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

Volume Rate of Change /
VROC continues to rise for Open Text signalling an uptrend will persist

[BULLISH]: Open Text currently has positive volume of change of 31%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 0.6%.

Pivot Points /
Open Text: Pivot Point ($38.46)

Open Text current pivot point is: 38.46. The current resistance levels are: (R2) $39: (R2) $39: (R3) $39.23: The current support levels are: (S1) $38.15: (S2) $37.92: (S3) $37.61

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Ease of Movement /
Open Text was easily moved upward on low volume in recent trading [Bullish]

[BULLISH]: Open Text current price have moved upwards on low volume. Currently, the Ease of Movement is 48.335

Fibonacci Extensions /
Open Text has moved below the 161.8% extension level ($42.35) [Bullish]

Open Text: The current Fibonacci Extension levels are: (23.61%) $38.35: (38.2%) $38.1: (50%) $37.89: (61.8%) $37.68The current support levels are: (78.6%) $37.39: (100%) $37.01: (138.2%) $36.34: (161.8%) $35.92: (261.8%) $34.16: (423.61%) $31.31

[Bullish]: Trend following indicator for OTEX highlights upward price direction is likely
Simple Moving Average /
[Bullish]: Trend following indicator for OTEX highlights upward price direction is likely

[BULLISH]: Open Text currently has a confirmed uptrend. Recent trading has caused the SMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA15 is 0.6%.

Donchian oversold signal continues for Open Text indicating upward price movement is likely
Donchian Channels /
Donchian oversold signal continues for Open Text indicating upward price movement is likely

[BULLISH]: Open Text is currently bullish highlighting the potential for a short term trend continuation in the upward direction.

Open Tod Vs Close Tod /
Open Text opened in the lower part of daily range at 25.9% & closed in the lower part of the trading range at 27.8%. This suggests the buyers have lost control.

[BEARISH]: Open Text opened in the lower part of daily range at 25.9% & closed in the lower part of the trading range at 27.8%. This suggests the buyers have lost control. Over the last 12 months there has been 1 trading days with the opening price in the lower shadow & the closing the price in the lower shadow giving a confirmation ratio of 0.4%. Over the last month there has been 1 trading days with the opening price in the lower price range & the closing the price in the lower price range giving a confirmation ratio of 7.7%.

Sine Weighted Moving Average /
The SWMA trend following signal is still current for Open Text [Bullish]

[BULLISH]: Open Text currently has a confirmed uptrend. Recent trading has caused the SWMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is 0.6%.

Close Tod Vs Close Yest /
The biggest upward movement for Open Text this month has been 0.8

[BULLISH]: Open Textbuyers are keener than sellers and are driving the price up. There has been 3 consecutive days of price rise for OTEX adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 0.8 & the greatest daily positive change this year has been 4.7. The longest consecutive upswing rally over the last 12 months has been 8 days giving a total rally upward movement of 7.2%. This quarter, the largest upswing rally has been 6 days giving a total rally upward movement of 4.7%. The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 2.5x. Over the last month the average daily upward movement has been 0.500000%

OTEX: Price continues to move above the WMA(15) @$37.968
Weighted Moving Average /
OTEX: Price continues to move above the WMA(15) @$37.968

[BULLISH]: Open Text currently has a confirmed uptrend. Recent trading has caused the WMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is 0.6%.

Short positions for Open Text should be set between $38.5375 & $38.305
Demarks Pivot Points /
Short positions for Open Text should be set between $38.5375 & $38.305

Open Text has broken the first DeMark support point ($38.5375) [Bearish]. Look for a short limit order entry near this point. Exit price for OTEX should be set @$38.3050 & short position stoploss for Open Text should be set at $38.845

Momentum /
Open Text: Momentum(14) Crossover

[BULLISH CROSSOVER]: Open Text currently has positive momentum of 0.01. This means the current price is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 0.6%. The largest upward momentum rally for the last 3 months is 1 days producing a return of 0%.

Fibonacci Fans /
Open Text: 0.618 Fibonacci Fan ($35.92)

Open Text: The current Fibonacci Fan levels are: (23.61%) $38.35: (38.2%) $36.34: (50%) $36.13: (61.8%) $35.92The current support levels are: (78.6%) $35.63: (100%) $35.25: (138.2%) $34.58: (161.8%) $34.16: (261.8%) $32.4: (423.61%) $29.55

Percentage Volume /
Open Text: Percentage Volume Oscillator (-4.1)

[BEARISH]: Open Text currently has negative PVO -4.1%. The recent volume is losing momentum through a fall on the short term exponential moving average.

OTEX: Current trading activity signals DVI distribution has commenced
Daily Volume Index /
OTEX: Current trading activity signals DVI distribution has commenced

[BEARISH CROSSOVER]: Open Text (NASDAQ:OTEX) current price has highlighted the commencement of distribution and the start of bearish trading conditions. Currently, the DVI is -195.

The EMA trend following signal is still current for Open Text [Bullish]
Exponential Moving Average /
The EMA trend following signal is still current for Open Text [Bullish]

[BULLISH]: Open Text currently has a confirmed uptrend. Recent trading has caused the EMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is 0.6%.

OTEX: Aroon oscillator has confirmed an strong uptrend @96
Aroon Oscillator /
OTEX: Aroon oscillator has confirmed an strong uptrend @96

OTEX: Aroon Oscillator Current Signal -> (1) 19 Mar: BULLISH STRONG (2) 18 Mar: BULLISH STRONG (3) 15 Mar: BULLISH

Percentage Price /
The current price is still gaining momentum through a rise for OTEX on the short term EMA.

[BULLISH]: Open Text currently has positive PPO 1.065%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Close Tod Vs Range Tod /
This is the first day of seller commitment for Open Text adding strength to an downtrend in the first timeframe

[BEARISH]: Open Text sellers in control. This is the first day of seller commitment for Open Text adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 2 trading days with the closing price in the lower part of the range giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the closing price in the lower range giving a confirmation ratio of 15.4%. Currently this quarter, closing price has spent 2 days in the lower price range compared to 2 days in the upper range giving a ratio of 1x.

Accumulation / Distribution /
Open Text: Current trading activity signals distribution is present

[BEARISH]: Open Text (NASDAQ:OTEX) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -9569.4.

Bollinger Bands /
Open Text: Price currently within Bollinger bands

[BULLISH]: Open Text is currently Oversold highlighting the potential for a short term trend reversal in the upward direction. The current level is 94.93% with a current width of 2.66.

Price continues to trade above the Triangular Moving Average(15) for OTEX
Triangular Moving Average /
Price continues to trade above the Triangular Moving Average(15) for OTEX

[BULLISH]: Open Text currently has a confirmed uptrend. Recent trading has caused the TMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is 0.6%.

Market movement continuation likely for OTEX as a result of Fake Day
Bill Williams Market Facilitation /
Market movement continuation likely for OTEX as a result of Fake Day

Open Text Currently is a confirmed Fake Day. MFI indicator is up, volume is down for OTEX. Trend continuation possible for OTEX from reduced trading activity.

Camarilla Pivot Points /
Open Text: Camarilla Pivot ($38.46)

Open Text current pivot point Camarilla is: $38.46. The current resistance levels are: (R1) $41.585: (R2) $44.79: (R3) $47.995: (R4) $57.61The current support levels are: (S1) $35.175: (S2) $31.97: (S3) $28.765: (S4) $19.15

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