OATLY GROUP AB (OTLY) Stock Technical Analysis
NASDAQ:OTLY - US67421J2078 - ADR
17.79 USD
+0.51 (+2.95%)
17.93 USD
+0.14 (+0.79%)
Overall OTLY 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, OTLY is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
OTLY is one of the better performing stocks in the Food Products industry, it outperforms 85% of 89 stocks in the same industry.
OTLY 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 OTLY is lagging the market slightly.
OTLY 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.
When comparing the yearly performance of all stocks, we notice that OTLY is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Besides having an excellent technical rating, OTLY also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
12.46
17.98
We found 3 important support areas.
- A support zone ranging from 16.99 to 17.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 16.44 to 16.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @12.59 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @17.80 from a horizontal line in the weekly 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 OTLY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OTLY is up. |
| ChartMill Relative Strength | 84.85 | POSITIVE | OTLY has a high relative strength, it outperformed 84.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OTLY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OTLY is above the rising 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) | 64.36 | NEUTRAL | The RSI value for OTLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests OTLY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 76.25 | NEUTRAL | The Stochastics value for OTLY is a neutral value. |
| Average True Range in percent/ATR (20) | 5.11 | HIGH VOLATILITY | The high ATR as a percentage value for OTLY suggests high volalility. |
| Average Directional Index/ADX (14) | 45.26 | POSITIVE | The high ADX value value for OTLY 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)
17.79
+0.51 (+2.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg2.95%
1 Week1.95%
2 Weeks7.75%
1 Month17.66%
3 Month57.22%
6 Month123.77%
12 Month-2.95%
2 Year-27.68%
3 Year-72.46%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.94
ATR(20)%5.11%
ATR Inc-38.56%
Range Today0.62
ADR(20)0.89
ADR(20)%5.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.85
Mansfield2.27
10 Day High18.23
10 Day Low16.2
20 Day High18.23
20 Day Low14.3
52 Week High20.8
52 Week Low6
CS1 End17.23
CR1 Start17.8
Volume & EV
DER(3)0.32%
DER(5)-5.42%
Volume118.30K
Volume Incr-34.47%
Vol(5)117.02K
Vol(50)135.55K