Open Text Stock Forecast

Hold candidate since Jul 01, 2026

The Open Text Corporation stock price gained 3.16% on the last trading day (Wednesday, 1st Jul 2026), rising from $22.15 to $22.85. During the last trading day the stock fluctuated 2.14% from a day low at $22.67 to a day high of $23.16. The price has risen in 6 of the last 10 days and is up by 3.25% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 99 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $29.08 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.31% during the next 3 months and, with a 90% probability hold a price between $19.48 and $24.59 at the end of this 3-month period.

OTEX Signals & Forecast

The Open Text Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $21.84 and $22.62. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 22, 2026, and so far it has risen 14.19%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Open Text Corporation stock

Open Text Corporation finds support from accumulated volume at $22.83 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.485 between high and low, or 2.14%. For the last week, the stock has had daily average volatility of 2.66%.

Our recommended stop-loss: $21.98 (-3.80%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (OTEX) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Open Text Corporation to open at $22.89, and during the day (based on 14 day Average True Range), to move between $22.41 and $23.29, which gives a possible trading interval of +/-$0.88 (+/-3.94%) up or down from last closing price. If Open Text Corporation takes out the full calculated possible swing range there will be an estimated 3.94% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $22.83 (0.09%) than the resistance at $22.93 (0.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Open Text Corporation stock A Buy?

Open Text Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold candidate.

Current score: 0.924 Hold/Accumulate Upgraded

Predicted Fair Opening Price

Predicted fair opening price on July 2, 2026 - $22.89 ( 0.182%).

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