Bullish Case: OTEX's commitment to AI and cloud, reflected in a modest price uptrend and a positive Helium forecast, showcases potential growth. Historical resilience and recent publishing initiatives further support a bullish outlook.


Bearish Case: Insider selling, price below 200-day moving average, and flat term structure with low trading volume may cause OTEX to struggle in the face of broader market turbulence.


Potential Outcomes:

1) AI and cloud traction lead to 30% stock rise (20%).

2) Continued insider selling, pushing stock down 20% (40%).

3) Acquisition offer raises price 50% (15%).

4) Status quo (25%).


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March 23, 2024


Open Text Forecast

OTEX        Open Text
Price Forecast: NEUTRAL    Price Action: TRENDING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with OTEX



MFA Forecast + Options Trading Strategies   [MFA]  MFA Financial (0.72)


GNRC Forecast + Options Trading Strategies   [GNRC]  Generac (0.71)


GT Forecast + Options Trading Strategies   [GT]  Goodyear Tire & Rubber (0.7)


RDFN Forecast + Options Trading Strategies   [RDFN]  Redfin (0.7)


KLIC Forecast + Options Trading Strategies   [KLIC]  Kulicke & Soffa Industries (0.69)



Uncorrelated Stock Forecasts

Assets with little price relationship to OTEX



CHRS Forecast + Options Trading Strategies   [CHRS]  Coherus Biosciences (-0.0)


GOOGL Forecast + Options Trading Strategies   [GOOGL]  Alphabet (0.0)


UEC Forecast + Options Trading Strategies   [UEC]  Uranium Energy (0.0)


MJ Forecast + Options Trading Strategies   [MJ]  ETFMG Alternative Harvest (-0.0)


HROW Forecast + Options Trading Strategies   [HROW]  Harrow Health (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against OTEX



BJ Forecast + Options Trading Strategies   [BJ]  BJ's Wholesale Club (-0.62)


USO Forecast + Options Trading Strategies   [USO]  United States Commodity Funds (-0.62)


UCO Forecast + Options Trading Strategies   [UCO]  ProShares Ultra Bloomberg Crude Oil (-0.63)


TYO Forecast + Options Trading Strategies   [TYO]  Direxion Daily 7-10 Year Treasury Bear 3X Shares (-0.63)


OBE Forecast + Options Trading Strategies   [OBE]  Obsidian Energy (-0.64)





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