Software & devices

OpenText (OTEX)

C$35.49 +4.9% on the day·−31.5% in a year·close Oct 13, 2026

Listed on the Toronto Stock Exchange; prices in Canadian dollars. All 218 TSX stocks.

Your signal

Hold43 / 100

Hold: 43 is between your Sell line (40) and Buy line (60). Trend (+8% vs 200-day) scores 66 and lifts it; Off the high (−33% from its 1-year high) scores 0 and holds it back.

Every factor in this score has a tested record: each was checked month by month since 2011 on numbers public at the time.

Factor you weight	OTEX	Points	Weight	Adds
Plays in	59%	59	40	23.6
Off the high	−33% from its 1-year high	0	30	0.0
Trend	+8% vs 200-day	66	30	19.8

Email me when it flips

Your signal is the one call Be The Puck makes on a stock, and you set it: weight the plays, analysts, P/E, growth, debt, trend and more, and move the Buy and Sell lines. Every page follows your choice. How the score works

All 18 factors for OTEX

Factor	OTEX	Points	What it is
Plays in	59%	59	The share of the plays you count that hold it now.
Analysts' upside	–	–	How far analysts' average 12-month target sits above the price (3+ analysts). −20% scores 0, +50% full marks; at most 50 while the price is below its 200-day average, since targets lag a falling price.
Analysts' rating	–	–	The analysts' average recommendation: strong buy scores 100, hold or worse 0.
P/E	9.9×	92	Price over the last four quarters' earnings per share. Lower ranks higher; a loss scores 0. Source: Yahoo Finance.
Forward P/E	5.8×	97	Price over next year's expected earnings. Lower ranks higher; an expected loss scores 0. Source: Yahoo Finance.
PEG	1.02	65	P/E divided by expected earnings growth. Lower ranks higher; around 1 is often read as fair for the growth. Source: Yahoo Finance.
Price to sales	1.1×	84	Market value over the last 12 months' revenue. Lower ranks higher. Source: Yahoo Finance.
Price to book	1.5×	86	Price over book value (assets minus debts) per share. Lower ranks higher. Source: Yahoo Finance.
Dividend yield	4.6%	86	Dividends over the last year as a share of the price. Higher ranks higher; no dividend scores 0. Source: Yahoo Finance.
Earnings growth	+476%	96	Earnings per share over the last four quarters against the four before (the latest quarter on a year earlier where filings aren't available). Higher ranks higher. Source: Yahoo Finance.
Revenue growth	+3%	18	Revenue over the last four quarters against the four before (the latest quarter on a year earlier where filings aren't available). Higher ranks higher. Source: Yahoo Finance.
Profit margin	12%	53	Net profit as a share of revenue. Higher ranks higher. Source: Yahoo Finance.
Return on equity	16%	61	Profit as a share of shareholders' equity. Higher ranks higher. Source: Yahoo Finance.
Debt to equity	1.49×	18	Debt against shareholders' equity. Lower ranks higher; negative equity scores 0. Source: Yahoo Finance.
Off the high	−33% from its 1-year high	0	How far the price sits below its highest close of the last year: 100 points at the high, none at 30% or more below. The exit rule: a stock that keeps falling loses points whatever else it has going for it.
Trend	+8% vs 200-day	66	How far the price sits above its 200-day average. Higher ranks higher.
1-year momentum	−32%	9	The price change over the last 12 months. Higher ranks higher.
Low crash exposure	4/10 · moderate	60	The storm test: 100 for no exposure, 10 points off per point of exposure.

The read

Test a theory on OTEX

59 of the 100 plays hold OTEX right now.
The volume plays mostly say in.
It closed 8% above its 200-day average and 33% below its 52-week high.
Crash exposure reads moderate: it moves about 1.2× its index and fell about 1.3× as far as its index in past crashes.

This analysis does not constitute trading advice. Please meet with an advisor or independently review sources before making any decision. New to this? Start with the basics.

Plays in59 / 100Every play Be The Puck tests, in 7 families.

Crash exposureModerate4 of 10 on the storm test Mayer Multiple1.08×Price ÷ its 200-day average (+8%). Higher than on 60% of days since 2005. Above 2.4 is Mayer's overheated zone.

The most accurate play in each family

Each family's play whose calls went the right way most often, tested on 351 stocks since 2005, and what it says about OTEX now.

Trend followingHoly GrailOUT42% of 12,813 calls rightOn OTEX: right 23 of 50 · Out since Nov 6, 2025 Breakouts & channelsP&F Double TopIN37% of 36,314 calls rightOn OTEX: right 29 of 78 · In since Oct 13, 2026 Momentum12-1 MomentumOUT44% of 8,156 calls rightOn OTEX: right 18 of 40 · Out since Feb 27, 2026 Mean reversionBollinger ReversionOUT64% of 53,095 calls rightOn OTEX: right 114 of 180 · Out since Sep 14, 2026 Volume & money flowMoney Flow IndexIN59% of 13,925 calls rightOn OTEX: right 33 of 51 · In since Feb 6, 2026 Candles & chart patternsEngulfing SwitchIN50% of 38,976 calls rightOn OTEX: right 72 of 140 · In since Oct 5, 2026 CalendarHalloween IndicatorOUT54% of 12,345 calls rightOn OTEX: right 24 of 43 · Out since Apr 30, 2026

A call is right when the stock rose after an in call or fell after an out call. Trend plays are built to take many small losses for a few big wins, so their hit rates run lower; being right often isn't the same as making the most money. How we test a play.

OTEX, day by day

How to read candlesticks

Each candle is one trading day: the box spans the open and close, the thin line the day's high and low. Hollow boxes closed up, filled boxes closed down. Toggle the averages to see the trend the plays read. Dots above the candles mark news and company filings: hover or tap one to see the story and how the stock moved from the last close before it, against the market on the same days.

What moved OTEX lately

No session in the last 30 moved it twice a normal day against the S&P/TSX; these were its largest, the news read on each, and how reliably that kind of news has moved stocks before. How it's measured

Tue Oct 13+4.0% against the S&P/TSX1.6× a normal day

OTEX +4.9%, the S&P/TSX +0.9% that session.

HeadlineThe Globe and Mail · Oct 12, 11:56 pm ET
5 TSX Dividend Stocks for Steady Cash Flow in Any Market

Wed Oct 7+3.9% against the S&P/TSX1.5× a normal day

OTEX +2.2%, the S&P/TSX −1.7% that session.

No earnings report, rating change, 8-K filing or news story on OTEX was found for this session. Headlines that day were commentary or previews rather than news. The S&P/TSX moved −1.7%. The 33 other Software & devices stocks Be The Puck covers moved −1.4% on average, so most of the move was its own.

Fri Sep 18−4.1% against the S&P/TSX1.5× a normal day

OTEX −4.3%, the S&P/TSX −0.2% that session; −2.3% against the S&P/TSX over five sessions.

No earnings report, rating change, 8-K filing or news story on OTEX was found for this session. Be The Puck's headline archive for OTEX starts Oct 1, so news stories from that day aren't in it. The S&P/TSX moved −0.2%. The 33 other Software & devices stocks Be The Puck covers moved −0.5% on average, so most of the move was its own.

Next earnings report

Thu Nov 5, 2026 before the open

From Yahoo Finance's calendar; dates can move. Analysts expect earnings per share of 0.93.

Over its last 12 reports, OTEX's typical move against the S&P/TSX at the first close after the report was ±4.4% (median size, either way); it finished ahead of the index 5 times.
OTEX after beats of 5% or more: ahead of its index at the first close after the report 19 of 27 times (median +3.8%).
OTEX after misses of any size: behind its index at the first close after the report 6 of 9 times (median −4.8%).
Across all covered stocks, beats of 5% or more were followed by a gain against the index 64% of the time and misses by a drop 62% of the time.

Whether a report beats is only known once it is out, so these say how the stock has reacted, not which way it will go.

Two years of calls, week by week

InOutShare of plays in

One row per play, grouped by family. When most rows turn green at once, the trend is broad. When they split, the plays disagree and the stock is usually chopping sideways.

Every play on OTEX

All 100 plays, by family.

Trend following19 of 30 in Breakouts & channels10 of 15 in Momentum9 of 17 in Mean reversion8 of 15 in Volume & money flow7 of 9 in Candles & chart patterns1 of 3 in Calendar5 of 11 in

Calls right: how often the play's calls on OTEX went the right way since 2005. Record columns: play / buy and hold, annual return and worst drawdown since 2005. Click a column to sort.Sort with the menu above the list.

Play	Call	Since	Next move	Calls right	Annual return	Worst drawdown
Trend following
PB EMABitcoin Playboy · daily	IN	Oct 6, 2026 +9.9%	Exit below C$32.78 (−7.6%)	30% 172/576	+5.1% / +10.0%	−34.2% / −53.0%
Bull Market Support BandBenjamin Cowen · weekly	IN	Oct 9, 2026 +4.9%	Exit below C$32.41 (−8.7%)	32% 34/105	+4.8% / +10.0%	−38.4% / −53.0%
Ripster EMA CloudRipster · daily	IN	Oct 7, 2026 +7.5%	Exit below C$32.70 (−7.9%)	27% 85/314	+5.7% / +10.0%	−37.4% / −53.0%
Trend TemplateMark Minervini · daily	OUT	Nov 6, 2025 −27.1%	Not on one close	16% 27/166	+0.3% / +10.1%	−47.7% / −53.0%
Stage AnalysisStan Weinstein · weekly	OUT	Jan 2, 2026 −15.8%	Enter above C$31.84 (−10.3%)	24% 18/74	+2.1% / +10.0%	−41.7% / −53.0%
Stage 2 + Mansfield RSStan Weinstein · weekly	OUT	Dec 5, 2025 −20.8%	Enter above C$39.19 (+10.4%)	28% 25/90	+3.1% / +10.0%	−42.9% / −53.0%
10-Month SMAMeb Faber · month-end	OUT	Jan 30, 2026 +5.5%	Enter above C$32.33 (−8.9%)	30% 13/44	+4.0% / +10.0%	−38.4% / −53.0%
200-Day RulePaul Tudor Jones · daily	IN	Oct 9, 2026 +4.9%	Exit below C$32.91 (−7.3%)	16% 28/177	+4.6% / +10.0%	−43.6% / −53.0%
Golden CrossMarket tradition · daily	IN	Oct 6, 2026 +9.9%	Exit below C$20.66 (−41.8%)	38% 14/37	+4.4% / +10.0%	−44.6% / −53.0%
Granville 200-DayJoseph E. Granville · daily	OUT	Jan 15, 2026 −14.6%	Not on one close	16% 18/110	+3.5% / +10.0%	−49.4% / −53.0%
Hull Moving AverageAlan Hull · weekly	OUT	Sep 11, 2026 +10.9%	Enter above C$33.33 (−6.1%)	35% 50/141	+4.6% / +10.0%	−41.9% / −53.0%
Kaufman Adaptive MAPerry J. Kaufman · daily	IN	Oct 7, 2026 +7.5%	Exit below C$33.86 (−4.6%)	25% 193/768	+1.7% / +10.0%	−49.6% / −53.0%
TEMA CrossoverPatrick G. Mulloy · daily	IN	Oct 9, 2026 +4.9%	Exit below C$29.33 (−17.3%)	36% 97/268	+1.6% / +10.0%	−57.6% / −53.0%
Seykota 15/150Ed Seykota · daily	OUT	Jan 23, 2026 −7.1%	Enter above C$73.31 (+106.6%)	34% 11/32	+4.7% / +10.7%	−39.0% / −53.0%
Guppy Multiple MAsDaryl Guppy · daily	IN	Oct 13, 2026 0.0%	Exit below C$30.45 (−14.2%)	26% 35/137	+1.2% / +10.0%	−51.1% / −53.0%
Ichimoku CloudGoichi Hosoda · daily	IN	Oct 13, 2026 0.0%	Exit below C$32.63 (−8.1%)	27% 34/125	+1.6% / +10.0%	−60.2% / −53.0%
SupertrendOlivier Seban · daily	IN	Oct 13, 2026 0.0%	Exit below C$32.03 (−9.7%)	32% 58/180	−1.0% / +10.0%	−44.7% / −53.0%
Williams AlligatorBill Williams · daily	OUT	Sep 8, 2026 +10.3%	Not on one close	38% 116/307	−2.5% / +10.0%	−69.5% / −53.0%
Vortex IndicatorEtienne Botes & Douglas Siepman · daily	IN	Oct 8, 2026 +7.4%	Exit below C$30.36 (−14.5%)	35% 202/572	+3.4% / +10.0%	−36.7% / −53.0%
AroonTushar S. Chande · daily	IN	Oct 13, 2026 0.0%	Exit below C$30.47 (−14.1%)	31% 69/226	+0.7% / +10.0%	−54.0% / −53.0%
Parabolic SARJ. Welles Wilder Jr. · daily	IN	Oct 7, 2026 +7.5%	Exit below C$31.25 (−11.9%)	36% 172/475	+5.5% / +10.0%	−47.5% / −53.0%
ADX TrendJ. Welles Wilder Jr. · daily	OUT	Apr 23, 2026 +19.0%	Not on one close	29% 56/190	−1.6% / +10.0%	−48.5% / −53.0%
MACD Zero LineGerald Appel · daily	IN	Oct 9, 2026 +4.9%	Exit below C$30.04 (−15.4%)	32% 53/166	+5.9% / +10.0%	−39.1% / −53.0%
Zweig 4% ModelMartin Zweig · weekly	IN	Oct 9, 2026 +4.9%	Exit below C$32.47 (−8.5%)	33% 72/216	+0.8% / +10.0%	−46.7% / −53.0%
MAMA/FAMA CrossJohn F. Ehlers · daily	IN	Oct 8, 2026 +7.4%	Exit below C$27.64 (−22.1%)	31% 69/226	+2.7% / +10.0%	−47.9% / −53.0%
Schaff Trend CycleDoug Schaff · daily	IN	Oct 7, 2026 +7.5%	Not on one close	40% 96/238	+3.3% / +10.0%	−42.2% / −53.0%
Zero Lag EC CrossJohn F. Ehlers & Ric Way · daily	IN	Oct 9, 2026 +4.9%	Exit below C$29.98 (−15.5%)	33% 52/156	+5.2% / +10.0%	−38.9% / −53.0%
DP Trend ModelCarl Swenlin & Erin Swenlin · daily	IN	Oct 13, 2026 0.0%	Exit below C$31.31 (−11.8%)	30% 32/105	+4.2% / +10.0%	−49.6% / −53.0%
Elder Triple ScreenAlexander Elder · daily	OUT	Aug 14, 2026 +5.4%	Not on one close	35% 73/209	+3.3% / +10.0%	−44.8% / −53.0%
Holy GrailLinda Bradford Raschke & Larry Connors · daily	OUT	Nov 6, 2025 −27.1%	Not on one close	46% 23/50	+4.1% / +10.0%	−8.4% / −53.0%
Breakouts & channels
Four-Week RuleRichard Donchian · daily	IN	Oct 9, 2026 +4.9%	Exit below C$30.47 (−14.1%)	34% 44/128	+2.2% / +10.0%	−50.8% / −53.0%
Turtle System 1Richard Dennis & William Eckhardt · daily	OUT	Sep 2, 2026 +10.0%	Enter above C$37.21 (+4.8%)	25% 39/158	−2.0% / +10.0%	−46.1% / −53.0%
Turtle System 2Richard Dennis & William Eckhardt · daily	OUT	Aug 11, 2026 +7.6%	Enter above C$37.21 (+4.8%)	28% 27/96	+1.8% / +10.0%	−34.5% / −53.0%
Clenow TrendAndreas F. Clenow · daily	OUT	Nov 6, 2025 −27.1%	Enter above C$36.74 (+3.5%)	26% 27/104	−1.0% / +10.0%	−52.0% / −53.0%
Darvas BoxNicolas Darvas · daily	OUT	Jul 23, 2026 +18.5%	Not on one close	34% 39/114	+1.3% / +10.0%	−42.8% / −53.0%
Keltner ChannelChester W. Keltner & Linda Bradford Raschke · daily	IN	Oct 13, 2026 0.0%	Exit below C$32.79 (−7.6%)	23% 41/179	−4.3% / +10.0%	−68.0% / −53.0%
Bollinger BreakoutJohn Bollinger · daily	IN	Oct 9, 2026 +4.9%	Exit below C$32.46 (−8.5%)	30% 72/238	−2.8% / +10.0%	−56.5% / −53.0%
Chandelier ExitChuck LeBeau · daily	IN	Oct 9, 2026 +4.9%	Exit below C$32.87 (−7.4%)	29% 60/206	+1.9% / +10.0%	−41.9% / −53.0%
Wilder Volatility SystemJ. Welles Wilder Jr. · daily	IN	Oct 13, 2026 0.0%	Exit below C$32.17 (−9.4%)	31% 61/194	+1.4% / +10.0%	−46.3% / −53.0%
P&F Double TopA.W. Cohen & Thomas J. Dorsey · daily	IN	Oct 13, 2026 0.0%	Exit below C$30.15 (−15.1%)	37% 29/78	+4.4% / +10.0%	−51.2% / −53.0%
Chande Kroll StopTushar S. Chande & Stanley Kroll · daily	IN	Oct 9, 2026 +4.9%	Exit below C$32.98 (−7.1%)	26% 85/326	+4.5% / +10.0%	−33.6% / −53.0%
Acceleration BandsPrice Headley · daily	OUT	Sep 25, 2025 −28.6%	Enter above C$34.85 (−1.8%)	27% 50/182	−0.5% / +10.0%	−36.3% / −53.0%
TTM SqueezeJohn F. Carter · daily	IN	Oct 13, 2026 0.0%	Exit below C$26.46 (−25.4%)	32% 47/149	−2.1% / +10.0%	−50.5% / −53.0%
NR7 BreakoutToby Crabel · daily	IN	Oct 6, 2026 +9.9%	Exit below C$31.75 (−10.5%)	36% 238/654	+6.4% / +10.0%	−32.7% / −53.0%
Bollinger SqueezeJohn Bollinger · daily	IN	Oct 9, 2026 +4.9%	Exit below C$32.46 (−8.5%)	34% 12/35	+2.1% / +10.0%	−11.3% / −53.0%
Momentum
12-Month MomentumMoskowitz, Ooi & Pedersen · month-end	OUT	Jan 30, 2026 +5.5%	Enter above C$53.51 (+50.8%)	28% 10/36	+5.8% / +9.9%	−41.1% / −53.0%
12-1 MomentumNarasimhan Jegadeesh & Sheridan Titman · month-end	OUT	Feb 27, 2026 +8.6%	Not on one close	45% 18/40	+4.9% / +9.9%	−58.3% / −53.0%
Dual MomentumGary Antonacci · month-end	OUT	Nov 28, 2025 −21.3%	Enter above C$59.49 (+67.6%)	33% 10/30	+7.5% / +9.9%	−32.3% / −53.0%
Stocks on the MoveAndreas F. Clenow · daily	IN	Oct 6, 2026 +9.9%	Exit below C$32.35 (−8.8%)	26% 31/119	+6.9% / +10.0%	−22.7% / −53.0%
52-Week HighThomas J. George & Chuan-Yang Hwang · month-end	OUT	Dec 31, 2025 −17.9%	Enter above C$48.87 (+37.7%)	36% 10/28	+3.0% / +10.0%	−50.7% / −53.0%
Levy Relative StrengthRobert A. Levy · weekly	IN	Oct 9, 2026 +4.9%	Exit below C$33.41 (−5.9%)	27% 32/117	+3.8% / +10.0%	−29.2% / −53.0%
MACD Signal CrossGerald Appel · daily	IN	Oct 6, 2026 +9.9%	Exit below C$28.71 (−19.1%)	35% 151/432	+3.6% / +10.0%	−51.6% / −53.0%
Elder ImpulseAlexander Elder · daily	IN	Oct 5, 2026 +10.7%	Exit below C$32.96 (−7.1%)	31% 223/714	+5.6% / +10.0%	−34.3% / −53.0%
Know Sure ThingMartin J. Pring · daily	IN	Oct 6, 2026 +9.9%	Exit below C$21.98 (−38.1%)	38% 117/310	+1.2% / +10.0%	−56.4% / −53.0%
Coppock CurveEdwin S. C. Coppock · month-end	OUT	Apr 30, 2026 +17.9%	Enter above C$38.41 (+8.2%)	71% 5/7	+11.3% / +11.7%	−47.7% / −53.0%
CCI +100Donald R. Lambert · daily	IN	Oct 7, 2026 +7.5%	Exit below C$32.42 (−8.6%)	31% 181/589	+2.7% / +10.0%	−31.5% / −53.0%
TRIX Signal CrossJack K. Hutson · daily	IN	Oct 8, 2026 +7.4%	Exit below C$19.86 (−44.0%)	39% 105/268	+1.8% / +10.0%	−43.8% / −53.0%
TSI Zero LineWilliam Blau · daily	IN	Oct 9, 2026 +4.9%	Exit below C$30.11 (−15.2%)	32% 53/164	+5.4% / +10.0%	−39.2% / −53.0%
13612W MomentumWouter J. Keller & Jan Willem Keuning · month-end	OUT	Aug 31, 2026 +3.8%	Enter above C$33.00 (−7.0%)	27% 22/82	+4.8% / +9.9%	−48.4% / −53.0%
Market-State MomentumMichael J. Cooper, Roberto C. Gutierrez Jr. & Allaudeen Hameed · month-end	OUT	Feb 27, 2026 +8.6%	Not on one close	45% 15/33	+4.7% / +11.5%	−58.3% / −53.0%
Frog in the PanZhi Da, Umit G. Gurun & Mitch Warachka · daily	OUT	Feb 27, 2026 +8.6%	Not on one close	39% 15/38	+0.9% / +9.9%	−62.5% / −53.0%
PMO Signal CrossCarl Swenlin · daily	IN	Oct 7, 2026 +7.5%	Exit below C$28.25 (−20.4%)	31% 112/366	0.0% / +10.0%	−51.5% / −53.0%
Mean reversion
RSI 30/70J. Welles Wilder Jr. · daily	IN	Nov 19, 2025 −20.7%	Not on one close	57% 23/40	+2.2% / +10.0%	−58.1% / −53.0%
RSI(2) PullbackLarry Connors & Cesar Alvarez · daily	OUT	Jan 6, 2026 −17.6%	Not on one close	56% 152/272	+2.5% / +10.0%	−25.1% / −53.0%
Double 7sLarry Connors & Cesar Alvarez · daily	OUT	Feb 10, 2026 +4.1%	Not on one close	60% 213/354	+1.1% / +10.0%	−47.7% / −53.0%
Bollinger ReversionJohn Bollinger · daily	OUT	Sep 14, 2026 +6.5%	Buy below C$30.30 (−14.6%)	63% 114/180	+3.4% / +10.0%	−38.4% / −53.0%
Stochastic 20/80George C. Lane · daily	IN	Sep 14, 2026 +6.5%	Exit below C$35.36 (−0.4%)	64% 99/155	+6.5% / +10.0%	−42.5% / −53.0%
Williams %RLarry Williams · daily	IN	Sep 3, 2026 +4.8%	Exit below C$34.94 (−1.5%)	66% 188/285	+11.6% / +10.0%	−44.2% / −53.0%
DeMark 9-CountTom DeMark · daily	OUT	May 11, 2026 +8.8%	Not on one close	54% 41/76	+2.6% / +10.0%	−62.3% / −53.0%
Mayer MultipleTrace Mayer · daily	IN	Nov 22, 2004 +741.8%	Sell above C$79.56 (+124.2%)	–	+10.0% / +10.0%	−53.0% / −53.0%
ConnorsRSI PullbackLarry Connors & Cesar Alvarez & Matt Radtke · daily	OUT	Feb 6, 2026 +7.1%	Not on one close	45% 9/20	+1.6% / +10.0%	−22.6% / −53.0%
Laguerre RSIJohn F. Ehlers · daily	IN	Aug 24, 2026 +5.5%	Exit below C$33.59 (−5.3%)	50% 162/323	+8.6% / +10.0%	−43.6% / −53.0%
StochRSI 20/80Tushar S. Chande & Stanley Kroll · daily	IN	Sep 3, 2026 +4.8%	Exit below C$34.89 (−1.7%)	58% 251/430	+10.8% / +10.0%	−42.7% / −53.0%
IBS ReversionAlexander S. Pagonidis · daily	OUT	Sep 28, 2026 +12.8%	Buy below C$35.49 (0.0%)	57% 1040/1822	+3.7% / +10.0%	−30.2% / −53.0%
Connors %bLarry Connors & Cesar Alvarez · daily	OUT	Jan 12, 2026 −21.2%	Not on one close	60% 54/90	+5.3% / +10.0%	−30.5% / −53.0%
Fisher TransformJohn F. Ehlers · daily	IN	Oct 1, 2026 +11.5%	Exit below C$33.43 (−5.8%)	38% 387/1015	+5.8% / +10.0%	−36.5% / −53.0%
1-Month ReversalNarasimhan Jegadeesh & Bruce N. Lehmann · month-end	IN	Aug 31, 2026 +3.8%	Sell above C$32.55 (−8.3%)	56% 75/135	+7.4% / +10.0%	−52.0% / −53.0%
Volume & money flow
On-Balance VolumeJoseph E. Granville · daily	IN	Oct 8, 2026 +7.4%	Not on one close	28% 184/662	+3.3% / +10.0%	−52.1% / −53.0%
Chaikin Money FlowMarc Chaikin · daily	OUT	Aug 10, 2026 +4.1%	Enter above C$35.49 (+0.0%)	42% 92/220	+6.3% / +10.0%	−41.6% / −53.0%
Money Flow IndexGene Quong & Avrum Soudack · daily	IN	Feb 6, 2026 +7.1%	Not on one close	65% 33/51	+11.3% / +10.0%	−34.8% / −53.0%
Negative Volume IndexNorman Fosback & Paul Dysart · daily	IN	Oct 7, 2026 +7.5%	Exit below C$35.13 (−1.0%)	39% 54/140	+7.2% / +9.7%	−55.4% / −53.0%
Force IndexAlexander Elder · daily	IN	Oct 7, 2026 +7.5%	Exit below C$32.93 (−7.2%)	29% 191/654	+7.3% / +10.0%	−34.2% / −53.0%
Buff AveragesBuff Dormeier · daily	IN	Oct 6, 2026 +9.9%	Exit below C$23.99 (−32.4%)	34% 118/352	+3.3% / +10.0%	−37.6% / −53.0%
Chaikin OscillatorMarc Chaikin · daily	IN	Oct 5, 2026 +10.7%	Not on one close	39% 223/573	+6.1% / +10.0%	−41.9% / −53.0%
Volume Flow IndicatorMarkos Katsanos · daily	OUT	Mar 13, 2026 +15.2%	Not on one close	31% 30/98	−0.8% / +9.9%	−60.8% / −53.0%
Klinger OscillatorStephen J. Klinger · daily	IN	Sep 21, 2026 +9.5%	Not on one close	36% 313/875	+3.1% / +10.0%	−62.2% / −53.0%
Candles & chart patterns
Engulfing SwitchSteve Nison & Thomas N. Bulkowski · daily	IN	Oct 5, 2026 +10.7%	Exit below C$34.42 (−3.0%)	51% 72/140	+3.8% / +10.0%	−51.0% / −53.0%
HikkakeDaniel L. Chesler · daily	OUT	Sep 2, 2026 +10.0%	Not on one close	27% 31/116	−2.0% / +10.0%	−72.9% / −53.0%
Turtle Soup Plus OneLinda Bradford Raschke & Larry Connors · daily	OUT	Apr 8, 2026 +21.7%	Not on one close	42% 26/62	+0.8% / +10.0%	−26.0% / −53.0%
Calendar
Halloween IndicatorSven Bouman & Ben Jacobsen & Yale Hirsch & Jeffrey Hirsch · daily	OUT	Apr 30, 2026 +17.9%	Buys Oct 30	56% 24/43	+8.5% / +10.0%	−57.7% / −53.0%
Best Six + MACDYale Hirsch & Jeffrey Hirsch · daily	IN	Oct 2, 2026 +12.0%	Window opens Apr 1	57% 25/44	+8.2% / +10.0%	−59.2% / −53.0%
Seasonal TimingSy Harding · daily	OUT	May 15, 2026 +16.7%	Window opens Oct 16	67% 29/43	+8.4% / +10.0%	−55.3% / −53.0%
Santa Claus RallyYale Hirsch & Jeffrey Hirsch · daily	OUT	Jan 5, 2026 −17.1%	Buys Dec 23	32% 14/44	+1.6% / +10.0%	−10.3% / −53.0%
Turn of the MonthJosef Lakonishok & Seymour Smidt & Robert A. Ariel · daily	OUT	Oct 5, 2026 +10.7%	Buys Oct 29	50% 263/526	+5.7% / +10.0%	−43.0% / −53.0%
Presidential Sweet SpotYale Hirsch & Jeffrey Hirsch · daily	IN	Sep 30, 2026 +11.2%	Sells Jun 30	64% 7/11	+5.4% / +10.0%	−40.4% / −53.0%
Pre-HolidayRobert A. Ariel & Josef Lakonishok & Seymour Smidt · daily	OUT	Sep 4, 2026 +7.2%	Buys Nov 24	48% 184/386	+2.8% / +10.0%	−12.3% / −53.0%
January BarometerYale Hirsch & Jeffrey Hirsch · month-end	IN	Dec 30, 2022 +0.4%	Not on one close	65% 13/20	+11.0% / +10.0%	−48.1% / −53.0%
Weekend EffectKenneth French & Josef Lakonishok & Seymour Smidt · daily	IN	Oct 13, 2026 0.0%	Sells Oct 16	51% 1155/2284	+5.8% / +10.0%	−64.6% / −53.0%
Pre-FOMC DriftDavid Lucca & Emanuel Moench · daily	OUT	Sep 16, 2026 +8.4%	Buys Oct 27	47% 165/348	+1.6% / +10.0%	−16.1% / −53.0%
Lunar CycleKathy Yuan, Lu Zheng & Qiaoqiao Zhu · daily	IN	Oct 2, 2026 +12.0%	Sells Oct 16	49% 264/541	+1.5% / +10.0%	−63.2% / −53.0%
Benchmark
Buy & HoldJohn C. Bogle · benchmark	IN	Jan 4, 2005	Always in	–	+10.0%	−53.0%

If the market cracks: the storm test

How the storm test works

ExposureModerate4 of 10 points

Market swings2/3
Past crashes1/2
Debt1/3
Run-up0/2

It moves about 1.2× its index.
It fell about 1.3× as far as its index in past crashes.
It operating profit covers interest only 3.4×.

Past crashes, peak to low

Financial crisis Oct 2007 to Oct 2007 · back to its old high Oct 2007

OTEX−4%

TSX−47%

COVID crash Feb 2020 to Mar 2020 · back to its old high Feb 2021

OTEX−32%

TSX−37%

2022 bear market Jan 2022 to Oct 2022 · back to its old high Jun 2023

OTEX−40%

TSX−14%

Beta1.23Moves about 1.2× as much as the TSX week to week.
Downside capture198%In months the TSX fell, this fell 198% as much on average.
Two-year change−18%
From 52-week high−33%
Debt to equity1.49×
Net debt / EBITDA3.1×Years of operating cash earnings it would take to pay off its debt.
Interest cover3.4×

A crash marks every stock down; debt decides which companies come through. The storm test scores both halves: how hard the stock swings with the market, and how much debt it carries into a downturn. It describes fragility; it does not predict a crash.

The business behind the price

How to judge these numbers

Software - Application · Open Text Corporation provides data management solutions for enterprise AI in North, Central and South America, Europe, the Middle East, Africa, Australia, Japan, Singapore, India, and China. Its products and solutions help organizations collect, connect, contextualize, protect, govern, use, and secure data across their operations.

Size and valuation
Market cap	C$8.6B	What the whole company is worth at today's price: share price × shares outstanding.
Revenue (last 12 months)	$5.2B	Total sales.
P/E ratio	9.9×	Buyers pay C$10 for each C$1 of the last year's profit.
Forward P/E	5.8×	Price against analysts' estimate of next year's profit. Lower than the P/E means profit is expected to grow.
Price to book	1.5×	Price against the company's net assets (its equity) per share.

Profit and growth
Profit margin	12.3%	Keeps 12¢ of each dollar of sales as profit.
Revenue growth	+2.9%	Last quarter's sales against the same quarter a year earlier.
Earnings growth	+476.1%	Same comparison for profit.
Return on equity	16.2%	Yearly profit as a share of shareholders' money in the business.
Free cash flow	$1.4B	Cash left after running and investing in the business.

Balance sheet
Total equity	$4.0B	What it owns minus what it owes.
Total debt	$6.0B	Loans and bonds it has to pay back, with interest.
Cash	$961M	Cash and short-term investments on hand.
Debt to equity	1.49×	Moderate.
Interest cover	3.4×	Operating profit divided by interest. Under 2× means one bad year could make the interest hard to pay.

Wall Street
Average analyst target	C$34.09	4% below the close, from 1 analysts (range C$34.09 to C$34.09).
Consensus rating	Hold	Analysts' average recommendation. Ratings lean positive: sell ratings are rare.
Dividend yield	4.63%	Yearly dividends as a share of the price.

Company figures from Yahoo Finance, fetched Oct 14, 2026. Analyst targets are opinions, not forecasts Be The Puck checks.

Reports for Be The Puck Members.

OTEX: the briefWhat the plays, the levels and the business say, in plain English. Rebuilt nightly.Members Software & devices: what the plays sayEvery covered name in the sector, side by side.Members Debt decides who survives a crashThe storm test on every covered stock.Members Is this a bubble?The gauges in October 2026, and what history says about timing.Members

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