OATLY GROUP AB (OTLY) Technical Analysis
NASDAQ:OTLY • US67421J2078
Current stock price
12.31 USD
+0.99 (+8.75%)
At close:
12.474 USD
+0.16 (+1.33%)
After Hours:
OTLY Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to OTLY. In the past year, OTLY was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- OTLY is part of the Food Products industry. There are 86 other stocks in this industry. OTLY outperforms 78% of them.
- In the last month OTLY has a been trading in the 9.40 - 12.96 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Looking at the yearly performance, OTLY did better than 76% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- OTLY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OTLY is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
OTLY Weekly and Daily overview Charts
OTLY Setup Rating and Analysis
OTLY has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
OTLY Support and Resistance Analysis
12.19
16.77
We can see 3 important resistance areas.
- A resistance zone ranging from 12.32 to 12.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @14.88 from a trend line in the weekly time frame.
- Resistance @16.60 from a trend line in the weekly time frame.
OTLY 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 | NEUTRAL | NEUTRAL | The long term trend for OTLY is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OTLY is up. |
| ChartMill Relative Strength | 76.13 | POSITIVE | OTLY has a high relative strength, it outperformed 76.13% 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) | DOWN | NEGATIVE | The current price of OTLY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 68.23 | NEUTRAL | The RSI value for OTLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests OTLY has a positive trend. |
| Stochastics (14,3) | 91.31 | OVERBOUGHT | The high Stochastics value suggests OTLY may be overbought. |
| Average True Range in percent/ATR (20) | 4.94 | MEDIUM VOLATILITY | The ATR as a percentage value for OTLY suggests some volalility. |
| Average Directional Index/ADX (14) | 18.67 | NEGATIVE | The low ADX value for OTLY suggests a weak or negative trend. |
OTLY Chart- and CandleStick Pattern Analysis
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)
OTLY Technicals: Chart, Performance Metrics, Trend & Indicators
12.31
+0.99 (+8.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg8.75%
1 Week19.86%
2 Weeks27.96%
1 Month24.09%
3 Month6.58%
6 Month-10.15%
12 Month37.54%
2 Year-46.48%
3 Year-73.58%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.63
ATR(20)%4.94%
ATR Inc121.75%
Range Today1.58
ADR(20)0.55
ADR(20)%4.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.13
3 months CRS79.48
6 months CRS27.48
Mansfield-0.9
10 Day High12.96
10 Day Low9.4
20 Day High12.96
20 Day Low9.4
52 Week High18.84
52 Week Low8.4
CS1 EndN/A
CR1 Start12.32
Volume & EV
DER(3)13.83%
DER(5)8.65%
Volume284.70K
Volume Incr95.4%
Vol(5)113.46K
Vol(50)74.37K
OATLY GROUP AB / OTLY TA FAQ
What is the ChartMill technical rating of OATLY GROUP AB (OTLY) stock?
ChartMill assigns a technical rating of 5 / 10 to OTLY.
What is the current trend direction of OATLY GROUP AB (OTLY) stock?
The current trend direction for OATLY GROUP AB (OTLY) is Bearish.
What is the RSI signal for OTLY stock?
OATLY GROUP AB (OTLY) has an RSI value of 68.2317. This indicates that the stock is currently neutral.
What are the support and resistance levels for OATLY GROUP AB (OTLY) stock?
OATLY GROUP AB (OTLY) has a resistance level at 12.32. Check the full technical report for our detailed analysis of OTLY support and resistance levels.