OATLY GROUP AB (OTLY) Stock Technical Analysis
NASDAQ:OTLY - Nasdaq - US67421J2078 - ADR - Currency: USD
We assign a technical rating of 3 out of 10 to OTLY. Recently some decent action could be observed, but in the medium term time frame this is still negative. OTLY was also a bad performer in the overall market in the last year.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, OTLY is a bad performer in the overall market: 74% of all stocks are doing better.
OTLY is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OTLY is lagging the market.
OTLY is part of the Food Products industry. There are 90 other stocks in this industry, OTLY did better than 49% of them.
In the last month OTLY has a been trading in the 8.94 - 11.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
OTLY has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 10.72. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.27, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for OTLY in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
8.23
11.35
When analyzing the support we can see 4 important areas.
- A support zone ranging from 9.94 to 10.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.38 to 9.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.04 from a trend line in the weekly time frame.
- Support @8.31 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 10.72 to 10.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @11.24 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 | DOWN | NEGATIVE | The long term trend for OTLY is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OTLY is neutral. |
| ChartMill Relative Strength | 26.4 | NEGATIVE | OTLY has a low relative strength, it was outperformed by 73.6% 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) | 56.09 | NEUTRAL | The RSI value for OTLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests OTLY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 42.06 | NEUTRAL | The Stochastics value for OTLY is a neutral value. |
| Average True Range in percent/ATR (20) | 5.4 | HIGH VOLATILITY | The high ATR as a percentage value for OTLY suggests high volalility. |
| Average Directional Index/ADX (14) | 19.57 | NEGATIVE | The low ADX value for OTLY suggests a weak or negative 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)
NASDAQ:OTLY (5/22/2025, 12:22:05 PM)
10.31
+0.04 (+0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg0.39%
1 Week9.37%
2 Weeks-4.47%
1 Month14.49%
3 Month29.18%
6 Month-29.48%
12 Month-53.53%
2 Year-67.5%
3 Year-87.57%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.53
ATR(20)%5.4%
ATR Inc11.23%
Range Today0.5
ADR(20)0.55
ADR(20)%5.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.4
Mansfield-3.16
10 Day High10.75
10 Day Low9.26
20 Day High11.4
20 Day Low8.94
52 Week High23.4
52 Week Low6
CS1 End10.27
CR1 Start10.72
Volume & EV
DER(3)3%
DER(5)4.4%
Volume40.16K
Volume Incr45.06%
Vol(5)149.06K
Vol(50)115.67K