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Takip Edin: @UscMarketsOTEX Stock Forecast & Open Text Corporation Chart Analysis
This article provides a detailed analysis of OTEX-Open Text Corporation stock including a forecast for OTEX shares. It features Open Text Corporation technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
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OTEX Historical Data Review
OTEX Current Price Performance Analysis
The Open Text Corporation - OTEX stock traded on the American stock market, on 06-05-2024, closed at 28.09$ with a %0.93 increased compared to the previous day.
In the last month, the price of OTEX changed by %-7.05 decreased in value, from 30.22 dollars on 05-06-2024 to 28.09 dollars, decreased.
Last year, the price of OTEX was 43.18 dollars on 06-06-2023, and changed by %-34.95 decreased in value, to 28.09 dollars decreased within a year.
The price of Open Text Corporation stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
OTEX with AI Stock Forecast & Price Target
On the OTEX chart Open Text Corporation price was recorded as 28.09 Dollars on 06/05/2024.
The artificial intelligence's forecast on OTEX stock is as follows.
The artificial intelligence's prediction error margin for OTEX stock is very high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Open Text Corporation stock over the next 4 months is: 32.3 Dollars.
The commentary on OTEX stock Target Price: Highest: 36.021 Dollars is predicted.
The commentary on OTEX stock Target Price: Lowest: 28.9 Dollars is predicted.
Resistance Price where Open Text Corporation stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 06-20-2024 | 36.021 |
| 10-08-2024 | 33.745 |
| 12-12-2024 | 33.268 |
Support Price where Open Text Corporation stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-14-2024 | 32.247 |
| 11-12-2024 | 32.765 |
| 03-17-2025 | 28.900 |
The commentary on OTEX stock: The target price can generally be said to be on the decline.
The commentary on OTEX stock: Fluctuations in the target price can be expected in the coming days.
The target price for Open Text Corporation stock by the end of 2024 is predicted to be 32.434 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on OTEX stock, and the 2024 target price predictions for Open Text Corporation are detailed above.
The technical analysis and charts for the commentary on OTEX stock are below.
OTEX Support & Resistance and Trend Analysis
OTEX stock you have reviewed the technical analysis support resistance charts regarding.
OTEX : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the OTEX review, the Open Text Corporation support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Open Text Corporation Support and Resistance Prices:
| OTEX Support Level Price | OTEX Resistance Level Price |
|---|---|
| 28.19 | 31.27 |
| 29.82 | 31.83 |
| 34.26 | 36.39 |
| 37.39 | 39.84 |
| 38.05 | 40.55 |
| 39.07 | 41.67 |
| 39.52 | 42.18 |
| 42.80 | |
| 43.69 | |
| 44.57 | |
| 45.47 |
OTEX Technical Analysis: SMA, RSI, MACD
Upon reviewing the OTEX chart, buy and sell signals have been generated in the Open Text Corporation technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for OTEX stock are as follows:- The technical analysis for Open Text Corporation indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Open Text Corporation stock: Click here to read more predictions on Regal Rexnord Corporation stock.
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