OTL Technical Analysis - ODFJELL TECHNOLOGY LTD

Technical Rating and Analysis

We assign a technical rating of 8 out of 10 to OTL. Although OTL is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

Warning: OTL has an average volume of 27126 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long and short term trends are both positive. This is looking good!

OTL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so OTL is lagging the market slightly.

When compared to the yearly performance of all other stocks, OTL outperforms 45% of them, which is more or less in line with the market.

OTL is part of the Energy Equipment & Services industry. There are 35 other stocks in this industry, OTL did better than 50% of them.

In the last month OTL has a been trading in the 49.40 - 58.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

ODFJELL TECHNOLOGY LTD / OTL Weekly stock chart

ODFJELL TECHNOLOGY LTD / OTL Daily stock chart

Setup Rating and Analysis

Although OTL has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

48.61

54.85

When analyzing the support we notice one important area.

A support zone ranging from 49.10 to 51.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 53.01 to 54.31. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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 OTL.OL is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for OTL.OL is up.
ChartMill Relative Strength	45.09	NEUTRAL	OTL.OL is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of OTL.OL is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of OTL.OL is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of OTL.OL is above the rising SMA(200).
Relative Strength Index/RSI (14)	62.14	NEUTRAL	The RSI value for OTL.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.31	POSITIVE	The MACD value suggests OTL.OL has a positive trend, although the MACD value is declining.
Stochastics (14,3)	44.96	NEUTRAL	The Stochastics value for OTL.OL is a neutral value.
Average True Range in percent/ATR (20)	2.9	MEDIUM VOLATILITY	The ATR as a percentage value for OTL.OL suggests some volalility.
Average Directional Index/ADX (14)	28.42	POSITIVE	The high ADX value value for OTL.OL suggests a strong trend.