OPEN TEXT CORP.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	OTEX
ISIN:	CA6837151068

OPEN TEXT CORP. - Daily - Technical analysis published on 09/26/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
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Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Bullish

Technical indicators

39%

28%

33%

My opinion

Bullish above 39.73 USD

My targets

41.51 USD (+1.42%)

42.95 USD (+4.94%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on OPEN TEXT CORP.. This is a positive signal for buyers. As long as the price remains above 39.73 USD, a purchase could be considered. The first bullish objective is located at 41.51 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 42.95 USD as an objective. Crossing it would then enable buyers to target 44.06 USD. In the event of a return below 39.73 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

FORCE

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The OPEN TEXT CORP. rating is 40.93 USD. On the day, this instrument gained +0.74% with the lowest point at 40.16 USD and the highest point at 41.04 USD. The deviation from the price is +1.92% for the low point and -0.27% for the high point.

40.16

41.04

40.93

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of OPEN TEXT CORP. in Daily shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : Daily

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	31.39	37.52	39.73	40.93	41.51	42.95	44.06
Change (%)	-23.31%	-8.33%	-2.93%	-	+1.42%	+4.94%	+7.65%
Change	-9.54	-3.41	-1.20	-	+0.58	+2.02	+3.13
Level	Major	Major	Major	-	Major	Minor	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	39.66	40.10	40.37	40.81	41.08	41.52	41.79
Camarilla	40.44	40.50	40.57	40.63	40.70	40.76	40.83
Woodie	39.57	40.06	40.28	40.77	40.99	41.48	41.70
Fibonacci	40.10	40.38	40.54	40.81	41.09	41.25	41.52

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	39.20	39.79	40.59	41.18	41.98	42.57	43.37
Camarilla	41.01	41.14	41.26	41.39	41.52	41.65	41.77
Woodie	39.31	39.84	40.70	41.23	42.09	42.62	43.48
Fibonacci	39.79	40.32	40.65	41.18	41.71	42.04	42.57

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	30.28	33.72	36.40	39.84	42.52	45.96	48.64
Camarilla	37.41	37.97	38.53	39.09	39.65	40.21	40.77
Woodie	29.91	33.53	36.03	39.65	42.15	45.77	48.27
Fibonacci	33.72	36.06	37.50	39.84	42.18	43.62	45.96

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	54.85
MACD (12,26,9):	0.3100
Directional Movement:	-2.14
AROON (14):	-100.00
DEMA (21):	41.03
Parabolic SAR (0,02-0,02-0,2):	40.01
Elder Ray (13):	-0.24
Super Trend (3,10):	39.51
Zig ZAG (10):	40.93
VORTEX (21):	1.0800
Stochastique (14,3,5):	39.21
TEMA (21):	41.38
Williams %R (14):	-56.25
Chande Momentum Oscillator (20):	-0.44
Repulse (5,40,3):	0.3800
ROCnROLL:	1
TRIX (15,9):	0.1200
Courbe Coppock:	4.50

MA7:	41.01
MA20:	40.65
MA50:	40.44
MA100:	40.69
MAexp7:	40.95
MAexp20:	40.65
MAexp50:	40.45
MAexp100:	40.13
Price / MA7:	-0.20%
Price / MA20:	+0.69%
Price / MA50:	+1.21%
Price / MA100:	+0.59%
Price / MAexp7:	-0.05%
Price / MAexp20:	+0.69%
Price / MAexp50:	+1.19%
Price / MAexp100:	+1.99%

News

The latest news and videos published on OPEN TEXT CORP. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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