Stock Trend Analysis Report
Prepared for you on Tuesday, December 11, 2018.
Open Text Corp (NASDAQ:OTEX)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for OTEX
The long term trend has been DOWN since Oct 10th, 2018 at 34.9312
The intermediate term trend has been UP since Nov 26th, 2018 at 33.8800
The short term trend has been DOWN since Dec 6th, 2018 at 33.7200
Smart Scan Analysis for OTEX
Based on a pre-defined weighted trend formula for chart analysis, OTEX scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||40.31||Year High Date||2018-02-01|
|Year Low||31.98||Year Low Date||2018-11-01|
|52wk High||40.31||52wk High Date||2018-02-01|
|52wk Low||31.98||52wk Low Date||2018-11-01|
|Year End Close||55.8877||Average Volume||447,979|
|Shares Outstanding||58,571||Short Interest||7,641,189|