OTOVO ASA (OTOVO.OL) Stock Technical Analysis
OSL:OTOVO - Euronext Oslo - NO0010809783 - Common Stock - Currency: NOK
Overall OTOVO gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, OTOVO is only an average performer.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
Both the short term and long term trends are positive. This is a very positive sign.
OTOVO is one of the better performing stocks in the Electrical Equipment industry, it outperforms 72% of 52 stocks in the same industry.
When compared to the yearly performance of all other stocks, OTOVO outperforms 60% of them, which is more or less in line with the market.
OTOVO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OTOVO is lagging the market slightly.
In the last month OTOVO has a been trading in the 1.50 - 1.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although OTOVO has an excellent technical rating, the quality of the presented setup is not ideal 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
1.35
1.95
When analyzing the support we can see 5 important areas.
- Support @1.71 from a horizontal line in the weekly time frame.
- A support zone ranging from 1.62 to 1.63. 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 1.58 to 1.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.55 to 1.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.36 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @1.86 from a trend line in the daily time frame.
- A resistance zone ranging from 1.91 to 1.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 OTOVO.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OTOVO.OL is up. |
| ChartMill Relative Strength | 60.84 | NEUTRAL | OTOVO.OL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of OTOVO.OL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OTOVO.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OTOVO.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.01 | NEUTRAL | The RSI value for OTOVO.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests OTOVO.OL has a positive trend. |
| Stochastics (14,3) | 83.53 | OVERBOUGHT | The high Stochastics value suggests OTOVO.OL may be overbought. |
| Average True Range in percent/ATR (20) | 6.57 | HIGH VOLATILITY | The high ATR as a percentage value for OTOVO.OL suggests high volalility. |
| Average Directional Index/ADX (14) | 21.97 | NEUTRAL | The ADX value for OTOVO.OL suggests a possible start of a new 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)
OSL:OTOVO (5/30/2025, 7:00:00 PM)
1.716
-0.03 (-1.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-1.94%
1 Week6.79%
2 Weeks9.13%
1 Month-2.41%
3 Month3.54%
6 Month69.8%
12 Month6.13%
2 Year-83.95%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%6.57%
ATR Inc11.92%
Range Today0.18
ADR(20)0.11
ADR(20)%6.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.84
Mansfield2.21
10 Day High1.75
10 Day Low1.5
20 Day High1.95
20 Day Low1.5
52 Week High3.33
52 Week Low0.77
CS1 End1.71
CR1 Start1.86
Volume & EV
DER(3)0.02%
DER(5)0.01%
Volume4.28K
Volume Incr-58.28%
Vol(5)161.87K
Vol(50)276.52K