OTEX NEWS why is Open Text Corporation price falling or rising

OTEX NEWS reasons for why stock price of Open Text Corporation is falling or rising

OTEX Open Text is falling or rising technical reasons

Technical analysis forecast of Open Text Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Open Text OTEX at this time. Stock is rising and might rise more.

It appears as if Open Text OTEX gave a large move recently.

Stock of Open Text (OTEX) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Open Text is bullish for shortterm, and stock might move up till 30.7 or till 31.6. Use a stoploss of 30.06 and if this stock hits its stoploss, then it can fall down till 29.38

OTEX Open Text is falling or rising NEWS fundamental reasons

More announcements and NEWS

OTEX Open Text Corporation current price & indicator signals

Moving Averages for Open Text Corporation

  • 5Day Average: 30.24
  • 12Day Average: 29.44
  • 20Day Average: 29.46
  • 50Day Average: 31.68
  • 100Day Average: 31.54
  • 150Day Average: 30.99
  • 200Day Average: 32.61

OTEX Indicators & signals

Indicator MACD (12,26,9)

29.88, 30.28, -0.67
Indicator MACD is in negative zone

Indicator ADX (14)

0, 27.78, 27.78
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 40
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of OTEX Open Text Corporation are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
10 Tue Dec 2024 30.28 30.07 to 30.49 -0.98% 0.8 times
09 Mon Dec 2024 30.58 30.55 to 31.07 1.87% 0.63 times
26 Tue Nov 2024 30.02 29.93 to 30.34 0% 0.71 times
26 Tue Nov 2024 30.02 29.93 to 30.34 -0.86% 0.71 times
25 Mon Nov 2024 30.28 29.66 to 30.31 2.82% 1.17 times
22 Fri Nov 2024 29.45 29.08 to 29.59 0.93% 0.55 times
21 Thu Nov 2024 29.18 28.98 to 29.44 1.07% 0.87 times
20 Wed Nov 2024 28.87 28.21 to 28.96 1.09% 1.08 times
19 Tue Nov 2024 28.56 27.89 to 28.57 1.1% 1.8 times
18 Mon Nov 2024 28.25 28.04 to 28.93 -2.01% 1.5 times
15 Fri Nov 2024 28.83 28.50 to 28.92 -0.38% 0.96 times
14 Thu Nov 2024 28.94 28.91 to 30.75 -5.08% 1.29 times

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OTEX NEWS why is Open Text Corporation price falling or rising

 

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