The Hourly View for OTEX
Currently, OTEX’s price is up $0.14 (0.31%) from the hour prior. The hourly chart shows that OTEX has seen 2 straight up hours. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, so that price is now turning above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
OTEX’s Technical Outlook on the Daily Chart
At the time of this writing, OTEX’s price is up $0.26 (0.57%) from the day prior. This move is a reversal from the day prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe. Of note is that the 50 day changed directions on OTEX; it is now pointing up. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Open Text Corp’s price action over the past 90 days can be seen via the chart below.
For OTEX News Traders
News traders keeping an eye on OTEX may find value in this recent story:
Open Text (NASDAQ:OTEX) declared a dividend payable on March 26, 2021 to its shareholders as of February 3, 2021. It was also announced that shareholders of Open Text’s stock as of March 5, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Open Text has an ex-dividend date set for for March 4, 2021. The company’s current dividend payout is $0.2, which equates to a dividend yield of 1.72% at current price levels. The Significance Of Ex-Dividend Dates Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. Usually, a company’s ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis. Open Text’s Dividend Payouts And Yields Over the past year, Open Text has seen its dividend payouts and yields climb upward overall. Last year (February 27, 2020), the company’s payout sat at $0.17, which has since increased by $0.03. Open Text’s dividend yield last year was 1.48%, which has since grown by 0.24%. Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market. To read more about Open Text click here. See more from BenzingaClick here for options trades from BenzingaSenseonics Holdings, Inc. Common Stock’s Earnings: A PreviewUnderstanding Avangrid’s Ex-Dividend Date© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The post Open Text Corp (OTEX): Price Now Near $45.63; Daily Chart Shows An Uptrend on 100 Day Basis appeared first on ETF Daily News.
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