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Stock Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Open Text Corporation - Common Shares (NASDAQ:OTEX)
Sidelines Mode (+55) - OTEX is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 37.81
The intermediate-term trend has been UP since Jun 27th, 2024 at 29.83
The short-term trend has been DOWN since Jul 25th, 2024 at 30.74
Smart Scan Analysis for OTEX
Based on our trend formula, OTEX is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 31.440 | 31.530 | 31.140 | 31.485 | +0.335 |
| Prev. Close | Volume | Bid | Ask | Time |
| 31.150 | 215282 | 2024-07-26 15:59:49 |
| 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 | 27.54 | 52wk Low Date | 2024-06-10 |
| Year End Close | 55.8877 | Average Volume | 607,144 |
| Shares Outstanding | 272,869 | Short Interest | 7,641,189 |
| % Institutional | 98.8 | Market Cap | 11,111M |
| Assets | 163,926,760M | Liabilities | 122,635,090M |
| P/E Ratio | 50.2419 | Beta | 1.08 |
| Volatility | 22.72 |