OATLY GROUP AB (OTLY) Stock Technical Analysis
USA - NASDAQ:OTLY - US67421J2078 - ADR
Taking everything into account, OTLY scores 3 out of 10 in our technical rating. OTLY performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
Although the technical rating is bad, OTLY does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
13.27
When analyzing the support we can see 2 important areas.
- Support @13.78 from a trend line in the daily time frame.
- A support zone ranging from 13.40 to 13.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- Resistance @15.92 from a horizontal line in the daily time frame.
- A resistance zone ranging from 17.23 to 17.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 17.95 to 18.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | UP | POSITIVE | The short term trend for OTLY is up. |
| ChartMill Relative Strength | 34.62 | 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) | 51.84 | NEUTRAL | The RSI value for OTLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests OTLY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.91 | NEUTRAL | The Stochastics value for OTLY is a neutral value. |
| Average True Range in percent/ATR (20) | 5.75 | HIGH VOLATILITY | The high ATR as a percentage value for OTLY suggests high volalility. |
| Average Directional Index/ADX (14) | 23.44 | NEUTRAL | The ADX value for OTLY suggests a possible start of a new trend. |
15.62
-0.26 (-1.64%)
OATLY GROUP AB / OTLY FAQ
What is the ChartMill technical rating of OATLY GROUP AB (OTLY) stock?
ChartMill assigns a technical rating of 3 / 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 51.8408. 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 0.259365, indicating a bearish trend.
What is the support and resistance level for OTLY stock?
OATLY GROUP AB (OTLY) has a support level at 13.78 and a resistance level at 15.92. Check the full technical report for our detailed analysis of OTLY support and resistance levels.