OTELLO CORP ASA (OTEC.OL) Stock Technical Analysis
OSL:OTEC - Euronext Oslo - NO0010040611 - Common Stock - Currency: NOK
Overall OTEC gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, OTEC is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
OTEC is part of the Software industry. There are 101 other stocks in this industry. OTEC outperforms 89% of them.
OTEC is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so OTEC is performing more or less in line with the market.
When comparing the yearly performance of all stocks, we notice that OTEC is one of the better performing stocks in the market, outperforming 94% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month OTEC has a been trading in the 9.60 - 11.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
OTEC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 10.14, a Stop Loss order could be placed below this zone.
More info and screens
7.33
10.86
4 important support areas can be observed.
- A support zone ranging from 10.06 to 10.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.46 from a horizontal line in the daily time frame.
- Support @7.60 from a horizontal line in the weekly time frame.
- A support zone ranging from 7.40 to 7.48. 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 | 94.63 | POSITIVE | OTEC.OL has a high relative strength, it outperformed 94.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OTEC.OL is above 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) | 64.46 | NEUTRAL | The RSI value for OTEC.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests OTEC.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 56.03 | NEUTRAL | The Stochastics value for OTEC.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.51 | MEDIUM VOLATILITY | The ATR as a percentage value for OTEC.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 41.1 | POSITIVE | The high ADX value value for OTEC.OL suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 11.36 | 10.05 | 1.31 (11.53%) | 8.67% |
| An entry @11.36. This is a Buy Stop order right above the 10 day high. | An exit @10.05. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.31 points, which is 11.53%. | For a 1.00% total portfolio risk, you can invest 8.67% of your capital in this trade. |
- 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 (5/28/2025, 7:00:00 PM)
10.75
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0%
1 Week3.86%
2 Weeks-4.44%
1 Month13.16%
3 Month44.49%
6 Month39.61%
12 Month38.53%
2 Year42.95%
3 Year-60.19%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.44
ATR(20)%3.51%
ATR Inc-42.05%
Range Today0.25
ADR(20)0.32
ADR(20)%2.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.63
Mansfield2.96
10 Day High11.35
10 Day Low9.82
20 Day High11.45
20 Day Low9.6
52 Week High11.45
52 Week Low7.24
CS1 End10.14
CR1 StartN/A
Volume & EV
DER(3)0.12%
DER(5)0.06%
Volume156.99K
Volume Incr-53.76%
Vol(5)150.72K
Vol(50)364.26K