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Stock Trend Analysis Report

Prepared for you on Thursday, May 23, 2024.

Open Text Corporation - Common Shares (NASDAQ:OTEX)

Strong Downtrend (-100) - OTEX is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, OTEX continues to fall. 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.

NASDAQ_OTEX
Open High Low OTEX Price Change
31.20 31.27 30.28 30.37 -0.57
Entry Signal

MarketClub’s Trade Triangles for OTEX

long term down The long-term trend has been DOWN since Mar 6th, 2024 at 37.81

intermediate term down The intermediate-term trend has been DOWN since Apr 2nd, 2024 at 38.05

short term down The short-term trend has been DOWN since May 23rd, 2024 at 30.41

Smart Scan Analysis for OTEX

Based on our trend formula, OTEX is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for OTEX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
31.20 31.27 30.28 30.37 -0.57
Prev. Close Volume Bid Ask Time
30.94 365490 2024-05-23 15:59:54
Year High40.31Year High Date2018-02-01
Year Low31.98Year Low Date2018-11-01
52wk High45.4752wk High Date2024-02-02
52wk Low28.1952wk Low Date2024-05-03
Year End Close55.8877Average Volume925,098
Shares Outstanding272,869Short Interest7,641,189
% Institutional98.8Market Cap11,111M
Assets163,926,760MLiabilities122,635,090M
P/E Ratio49.9032Beta1.08
Volatility22.72
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