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

[BEARISH]: Open Text Elder Ray Index is signalling a Bearish movementERI is -0.352 indicating bear power. Prices are being driven below the consensus of value for OTEX during the last trading session [Selling Pressure]

Elders Force Index (-9920) has signalled bearish conditions in recent trading for OTEX
Elders Force Index /
Elders Force Index (-9920) has signalled bearish conditions in recent trading for OTEX

[BEARISH]: Open Text current price has highlighted recent selling pressure. Currently, the Elders Force Index is -9920.

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

OTEX: SWMA Current Signal -> (1) 25 Sep: BEARISH (2) 24 Sep: BEARISH (3) 21 Sep: BEARISH CROSSOVER

Volume Rate of Change /
Negative VROC for Open Text is a leading indicator for continued price fall

[BEARISH]: Open Text currently has negative rate of change of -66%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0%.

Close Tod Vs Range Tod /
Trading for Open Text highlights the commitment of sellers to carry positions overnight.

[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 4 trading days with the closing price in the lower part of the range giving a confirmation ratio of 1.5%. Over the last month there has been 4 trading days with the closing price in the lower range giving a confirmation ratio of 25%. Currently this quarter, closing price has spent 4 days in the lower price range compared to 3 days in the upper range giving a ratio of 1.3x.

Woodie Pivot Point /
Open Text has moved above the R1 Woodie pivot point ($38.126) [Bullish]

Open Text has broken the first Woodie resistance point ($38.126) [Bullish]. Look for a long limit order entry near this point. Exit price for OTEX should be set @$38.323 & Stoploss for Open Text should be set at $37.743

Open Text has moved below the 161.8% extension level ($38.86) [Bullish]
Fibonacci Extensions /
Open Text has moved below the 161.8% extension level ($38.86) [Bullish]

Open Text has moved below the 161.8% level ($38.86) [Bullish]. Look for a long limit order entry near this point. Exit price for OTEX should be set @$44.33 & Stoploss for Open Text should be set at $33.39

Moving Average Envelope /
OTEX: Price continues to move below the Lower Envelope Band @$36.4895

[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 36.4895.

Black Candle /
OTEX Basic Candle: Black

[BEARISH]: Open Text has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

Open Text: MACD @-0.0784 [Bearish]
MACD /
Open Text: MACD @-0.0784 [Bearish]

[BEARISH]: Open Text currently has negative MACD of -0.0784. This means the signal line is less than the MACD line signalling a bearish movement.

The WMA trend following signal is still current for Open Text [Bearish]
Weighted Moving Average /
The WMA trend following signal is still current for Open Text [Bearish]

[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 0.0%.

Williams %R /
William %R oversold signal continues for Open Text indicating upward price movement is likely

[BEARISH]: Open Text is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Close Reversal /
A short term Close Reversal has formed with Open Text

[BEARISH]: A short term Close Reversal has formed with Open Text which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 2 occurrences of this bar reversal giving a signal probability of 0.8%.

Bill Williams Market Facilitation /
Recent trading has confirmed a Fake Day for Open Text

OTEX: BWMF Current Signal -> (1) 25 Sep: Fake Day (2) 24 Sep: Fade Day (3) 21 Sep: Green Day

Average Directional Index for Open Text has signalled a weak trend is active
Average Directional Movement /
Average Directional Index for Open Text has signalled a weak trend is active

OTEX: Average Directional Index Current Signal -> (1) 25 Sep: TREND WEAK (2) 24 Sep: TREND WEAK (3) 21 Sep: TREND WEAK

Bearish trading conditions for Open Text has been signalled from the DPO (-0.911)
Detrended Price Oscillator /
Bearish trading conditions for Open Text has been signalled from the DPO (-0.911)

[BEARISH]: Open Text currently has a confirmed downtrend. Price is currently below the displaced moving average for OTEX. Currently, the return on DPO20 is 0.0%.

Exponential Moving Average /
OTEX: Price continues to move below the EMA(5) @$38.1211

[BEARISH]: Open Text currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 0.0%.

On Balance Volume /
Traders are currently accumulating Open Text

OTEX: OBV Recent Trading ->(1) 25 Sep: 4.72605e+006 (2) 24 Sep: 4.92621e+006 (3) 21 Sep: 5.17849e+006

Stochastic Oscillator /
Stochastic Oversold signal is still current for Open Text [Bullish]

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

Open Text: Daily Performance (0.0%.)
Close Tod Vs Close Yest /
Open Text: Daily Performance (0.0%.)

[NEUTRAL]: Neither buyers are keener than sellers translating to the price remaining flat for Open Text. This is the first day of neutral price movement for OTEX adding strength to indecision in the first timeframe. The longest consecutive number of unchanged days over the last 12 months has been 2 days, of which a total of 1 have occurred this month. The ratio of neutral days against total trading days equals 0x

Daily trading has confirmed an Aroon strong downtrend (-52) for Open Text
Aroon Oscillator /
Daily trading has confirmed an Aroon strong downtrend (-52) for Open Text

[BEARISH]: Open Text has a current ARO(25) of -52. This has change 0 points from yesterday.

Open Text: Percentage Volume Oscillator (-12.84)
Percentage Volume /
Open Text: Percentage Volume Oscillator (-12.84)

OTEX: PVO Current Signal -> (1) 25 Sep: BEARISH (2) 24 Sep: BEARISH (3) 21 Sep: BEARISH

Average True Range /
Open Text has signalled an ATR trend present [Downtrend]

[Bearish]: Average True Range has confirmed an downtrend is present. Open Text has a TR of 0.29, and an ATR(14) of 0.555.

Simple Moving Average /
[Bearish]: Trend following indicator for OTEX highlights downward price direction 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 0.0%.

Commodity Channel Index /
Open Text: Price level has retraced to average & is no longer oversold

OTEX: CCI Recent Trading -> (1) 25 Sep: -96 (2) 24 Sep: -119 (3) 21 Sep: -62

Daily Volume Index /
Open Text: Current trading activity signals DVI accumulation is present

[BULLISH]: Open Text (NASDAQ:OTEX) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 196.

Open Text: Volume MACD @-16374 [Bearish]
MACD Volume /
Open Text: Volume MACD @-16374 [Bearish]

OTEX: Volume MACD Current Signal -> (1) 25 Sep: BEARISH (2) 24 Sep: BEARISH (3) 21 Sep: BEARISH

Price percentage oscillator: Downward momentum is still present for Open Text
Percentage Price /
Price percentage oscillator: Downward momentum is still present for Open Text

[BEARISH]: Open Text currently has negative PPO -0.308%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Ease of Movement /
Price was easily moved upward in recent trading on low volume causing an uptrend in price for OTEX

OTEX: EOM Current Signal -> (1) 25 Sep: BULLISH EASY (2) 24 Sep: BEARISH EASY (3) 21 Sep: BULLISH HARD

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