ODFJELL TECHNOLOGY LTD (OTL.OL) Stock Technical Analysis
OSL:OTL - Euronext Oslo - BMG6716L1081 - Common Stock - Currency: NOK
Overall OTL gets a technical rating of 7 out of 10. Although OTL is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, OTL is a bad performer in the overall market: 64% of all stocks are doing better.
Both the short term and long term trends are positive. This is a very positive sign.
OTL is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
OTL is part of the Energy Equipment & Services industry. There are 36 other stocks in this industry, OTL did better than 51% of them.
OTL is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OTL is lagging the market slightly.
OTL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 50.19, a Stop Loss order could be placed below this zone.
More info and screens
47.82
54.04
When analyzing the support we can see 2 important areas.
- A support zone ranging from 49.82 to 50.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @48.30 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 50.80 to 51.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @52.11 from a horizontal line in the daily time frame.
- Resistance @53.50 from a horizontal line in the daily time frame.
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 | 36.49 | 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) | DOWN | MIXED | The current price of OTL.OL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.47 | NEUTRAL | The RSI value for OTL.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests OTL.OL has a negative trend. |
| Stochastics (14,3) | 51.11 | NEUTRAL | The Stochastics value for OTL.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for OTL.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 33.22 | POSITIVE | The high ADX value value for OTL.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 |
|---|---|---|---|
| 51.21 | 49.81 | 1.40 (2.73%) | 25.00% |
| An entry @51.21. This is a Buy Stop order right above the resistance zone. | An exit @49.81. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.40 points, which is 2.73%. | For a 0.68% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of OTL. 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:OTL (6/19/2025, 7:00:00 PM)
50.3
-0.9 (-1.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-1.76%
1 Week-1.76%
2 Weeks1.21%
1 Month1.83%
3 Month9.13%
6 Month14.09%
12 Month-13.75%
2 Year13.19%
3 Year146.08%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.61
ATR(20)%3.24%
ATR Inc22.17%
Range Today2.9
ADR(20)1.59
ADR(20)%3.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.49
Mansfield-0.2
10 Day High53.7
10 Day Low49
20 Day High53.7
20 Day Low47.7
52 Week High63.8
52 Week Low36.5
CS1 End50.19
CR1 Start50.8
Volume & EV
DER(3)-3.5%
DER(5)-1.65%
Volume21.05K
Volume Incr-65.85%
Vol(5)16.20K
Vol(50)42.01K