OTELLO CORP ASA (OTEC.OL) Stock Technical Analysis
Europe - Euronext Oslo - OSL:OTEC - NO0010040611 - Common Stock
We assign a technical rating of 10 out of 10 to OTEC. Both in the recent history as in the last year, OTEC has proven to be a steady performer, scoring decent points in every aspect analyzed.
OTEC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 19.10. Right above this resistance zone may be a good entry point.
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7.41
When analyzing the support we can see 4 important areas.
- Support @17.85 from a horizontal line in the daily time frame.
- A support zone ranging from 16.52 to 16.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.91 from a trend line in the daily time frame.
- A support zone ranging from 7.48 to 7.48. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 19.10 to 19.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for OTEC.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OTEC.OL is up. |
| ChartMill Relative Strength | 97.61 | POSITIVE | OTEC.OL has a high relative strength, it outperformed 97.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of OTEC.OL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OTEC.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OTEC.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.36 | NEUTRAL | The RSI value for OTEC.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests OTEC.OL has a negative trend. |
| Stochastics (14,3) | 56.48 | NEUTRAL | The Stochastics value for OTEC.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.1 | MEDIUM VOLATILITY | The ATR as a percentage value for OTEC.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 48.63 | POSITIVE | The high ADX value value for OTEC.OL suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 18.54 | 17.84 | 0.70 (3.75%) | 25.00% |
| An entry @18.54. This is a Buy Stop order right above the 10 day moving average. | An exit @17.84. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.70 points, which is 3.75%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.94%. |
- The distance between exit and entry is rather small compared to the average daily movement of OTEC. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
OSL:OTEC (12/17/2025, 7:00:00 PM)
18.25
-0.25 (-1.35%)
OTELLO CORP ASA / OTEC.OL FAQ
Can you provide the ChartMill technical rating for OTELLO CORP ASA?
ChartMill assigns a technical rating of 10 / 10 to OTEC.OL.
What is the trend direction for OTEC stock?
The current trend direction for OTELLO CORP ASA (OTEC.OL) is Bullish.
What is the RSI signal for OTEC stock?
OTELLO CORP ASA (OTEC.OL) has an RSI value of 57.3634. This indicates that the stock is currently neutral.
What is the short term momentum for OTEC stock?
The short term momentum for OTELLO CORP ASA (OTEC.OL) is positive.
Can you provide the buy/sell signal for OTELLO CORP ASA?
The buy/sell signal for OTELLO CORP ASA (OTEC.OL) is buy as both the short term and long term trends are positive.