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Stock Trend Analysis Report

Prepared for you on Thursday, September 28, 2023.

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
34.560 35.190 34.290 34.915 +0.265
Entry Signal

MarketClub’s Trade Triangles for OTEX

long term down The long-term trend has been DOWN since Aug 7th, 2023 at 36.51

intermediate term down The intermediate-term trend has been DOWN since Sep 19th, 2023 at 38.46

short term down The short-term trend has been DOWN since Sep 6th, 2023 at 39.65

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
34.560 35.190 34.290 34.915 +0.265
Prev. Close Volume Bid Ask Time
34.650 619060 2023-09-28 15:59:54
Year High40.31Year High Date2018-02-01
Year Low31.98Year Low Date2018-11-01
52wk High43.2552wk High Date2023-06-07
52wk Low24.9152wk Low Date2022-10-13
Year End Close55.8877Average Volume475,854
Shares Outstanding271,187Short Interest7,641,189
% Institutional98.8Market Cap11,111M
Assets170,892,000MLiabilities130,684,250M
P/E Ratio61.875Beta1.08
Volatility22.72
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