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Stock Trend Analysis Report
Prepared for you on Saturday, May 4, 2024.
Open Text Corporation - Common Shares (NASDAQ:OTEX)
Long-Term Downtrend (-90) - OTEX is in a strong downtrend that is likely to continue. While OTEX is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid OTEX?
MarketClub looks at technical strength and momentum to determine if the timing is right for OTEX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for OTEX
The long-term trend has been DOWN since Mar 6th, 2024 at 37.810
The intermediate-term trend has been DOWN since Apr 2nd, 2024 at 38.050
The short-term trend has been DOWN since Apr 25th, 2024 at 35.125
Smart Scan Analysis for OTEX
Based on our trend formula, OTEX is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 30.4400 | 30.5799 | 28.1900 | 30.2400 | -5.2300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 30.2500 | 3658004 | 2024-05-03 15:59:57 |
| Year High | 40.31 | Year High Date | 2018-02-01 |
| Year Low | 31.98 | Year Low Date | 2018-11-01 |
| 52wk High | 45.47 | 52wk High Date | 2024-02-02 |
| 52wk Low | 32.04 | 52wk Low Date | 2023-10-26 |
| Year End Close | 55.8877 | Average Volume | 741,790 |
| Shares Outstanding | 272,045 | Short Interest | 7,641,189 |
| % Institutional | 98.8 | Market Cap | 11,111M |
| Assets | 164,432,640M | Liabilities | 124,143,530M |
| P/E Ratio | 75.4681 | Beta | 1.08 |
| Volatility | 22.72 |