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Open Text Corporation

OTEX.TO Technical Analysis Summary (TSX)

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

OTEX.TO●TSX
TechnologySoftware - Application
$34.03
$0.06(0.18%)
Canadian Market opens in 10h 36m

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.TO Technical Analysis Summary (TSX)

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

Overall Sentiment:Neutral
Momentum:Neutral to Bullish (RSI: 52.53)
Trend Strength:Weak (ADX: 11.96)
Volatility:Medium (ATR: 1.21)
Support/Resistance:$32.39 – $36.84 (Bollinger Bands)

Technical conditions suggest Open Text Corporation on the TSX is awaiting a decisive move. Technical conditions suggest Open Text Corporation is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 52.53

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 34.07

Bearish
Momentum remains weak below midpoint.

Williams %R: -63.19

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): -8.02

Strongly Bearish
Sharp downside momentum.

Takeaway:Open Text Corporation shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: 0.24

Bullish
Bullish, trend momentum is strengthening.

ADX: 11.96

Weak
Weak trend, market trading sideways.

ATR (14): 1.21

Low
Low volatility, stable price action.

CCI (14): -19.65

Neutral
Neutral, no strong directional signal.

Takeaway:Open Text Corporation shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$36.84
Middle Band (SMA 20)
$34.62
Lower Band
$32.39
Current Position
Within Bands

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

Keltner Channels
Upper Channel
$36.37
Middle Line (EMA 20)
$33.95
Lower Channel
$31.52
Squeeze Status
Squeeze On

Takeaway:Open Text Corporation trades around the middle line, reflecting balanced price action.

Volume & Money Flow Analysis
On-Balance Volume26.31M
Money Flow Index25.77Bearish, selling pressure outweighs inflows.
Relative Vigor Index57.43Neutral to Bullish, buyers hold a slight edge.

Overall Takeaway:OTEX.TO shows mixed signals in money flow analysis.

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

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

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

Bearish Signals

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

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

(TSX: OTEX.TO) Technical Analysis FAQ