OATLY GROUP AB (OTLY) Stock Technical Analysis
USA - NASDAQ:OTLY - US67421J2078 - ADR
Overall OTLY gets a technical rating of 2 out of 10. OTLY performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
OTLY has a poor technical rating and the quality of the setup is also not perfect 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
13.27
We found 2 important support areas.
- A support zone ranging from 15.40 to 15.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.40 to 13.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- Resistance @15.92 from a horizontal line in the daily time frame.
- A resistance zone ranging from 17.34 to 17.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @18.10 from a horizontal line in the daily time frame.
- Resistance @18.54 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 | NEUTRAL | NEUTRAL | The long term trend for OTLY is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OTLY is neutral. |
| ChartMill Relative Strength | 38.44 | NEUTRAL | OTLY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of OTLY is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OTLY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OTLY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.88 | NEUTRAL | The RSI value for OTLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests OTLY has a positive trend. |
| Stochastics (14,3) | 65.25 | NEUTRAL | The Stochastics value for OTLY is a neutral value. |
| Average True Range in percent/ATR (20) | 6.16 | HIGH VOLATILITY | The high ATR as a percentage value for OTLY suggests high volalility. |
| Average Directional Index/ADX (14) | 26.69 | POSITIVE | The high ADX value value for OTLY suggests a strong trend. |
15.64
+0.65 (+4.34%)
OATLY GROUP AB / OTLY FAQ
What is the ChartMill technical rating of OATLY GROUP AB (OTLY) stock?
ChartMill assigns a technical rating of 2 / 10 to OTLY.
What is the trend direction for OTLY stock?
The current trend direction for OATLY GROUP AB (OTLY) is Bearish.
Can you provide the RSI signal for OATLY GROUP AB?
OATLY GROUP AB (OTLY) has an RSI value of 51.8804. This indicates that the stock is currently neutral.
What is the MACD signal for OTLY stock?
The MACD indicator for OATLY GROUP AB (OTLY) has a value of 0.218692, indicating a bearish trend.
What is the support and resistance level for OTLY stock?
OATLY GROUP AB (OTLY) has a support level at 15.59 and a resistance level at 15.92. Check the full technical report for our detailed analysis of OTLY support and resistance levels.