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Stock Trend Analysis Report
Prepared for you on Friday, December 6, 2024.
Open Text Corporation - Common Shares (NASDAQ:OTEX)
Long-Term Uptrend (+90) - OTEX is in a strong uptrend that is likely to continue. While OTEX is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Sep 23rd, 2024 at 32.97
The intermediate-term trend has been UP since Dec 3rd, 2024 at 30.75
The short-term trend has been UP since Nov 20th, 2024 at 28.93
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 |
|---|---|---|---|---|
| 31.85 | 31.98 | 30.64 | 30.66 | -0.99 |
| Prev. Close | Volume | Bid | Ask | Time |
| 31.65 | 372083 | 2024-12-06 14:58:34 |
| 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 | 27.5 | 52wk Low Date | 2024-08-05 |
| Year End Close | 55.8877 | Average Volume | 753,481 |
| Shares Outstanding | 265,880 | Short Interest | 7,641,189 |
| % Institutional | 98.8 | Market Cap | 11,111M |
| Assets | 137,792,910M | Liabilities | 964,398,100M |
| P/E Ratio | 18.2948 | Beta | 1.08 |
| Volatility | 22.72 |