OTOVO ASA (OTOVO.OL) Stock Technical Analysis
OSL:OTOVO - NO0010809783 - Common Stock
1.366 NOK
+0.2 (+17.56%)
We assign a technical rating of 0 out of 10 to OTOVO. OTOVO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
85% of all other stocks performed better in the past year than OTOVO.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
OTOVO is an average performer in the Electrical Equipment industry, it outperforms 54% of 58 stocks in the same industry.
OTOVO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OTOVO is lagging the market.
In the last month OTOVO has a been trading in the 1.16 - 1.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of OTOVO is bad and it also does not present a quality setup 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
1.84
5 important resistance areas can be observed.
- A resistance zone ranging from 1.52 to 1.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.55 from a horizontal line in the daily time frame.
- A resistance zone ranging from 1.67 to 1.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.79 from a horizontal line in the daily time frame.
- Resistance @1.82 from a trend 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 | DOWN | NEGATIVE | The long term trend for OTOVO.OL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OTOVO.OL is down. |
| ChartMill Relative Strength | 15.61 | NEGATIVE | OTOVO.OL has a low relative strength, it was outperformed by 84.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OTOVO.OL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OTOVO.OL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of OTOVO.OL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 19.1 | OVERSOLD | The low RSI value suggests OTOVO.OL may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests OTOVO.OL has a negative trend. |
| Stochastics (14,3) | 2.78 | OVERSOLD | The low Stochastics value suggests OTOVO.OL may be oversold. |
| Average True Range in percent/ATR (20) | 8.38 | HIGH VOLATILITY | The high ATR as a percentage value for OTOVO.OL suggests high volalility. |
| Average Directional Index/ADX (14) | 34.48 | POSITIVE | The high ADX value value for OTOVO.OL 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)
OSL:OTOVO (9/11/2025, 11:12:57 AM)
1.366
+0.2 (+17.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg17.56%
1 Week-23.95%
2 Weeks-24.55%
1 Month-24.94%
3 Month-32.21%
6 Month-26.92%
12 Month6.8%
2 Year-82.66%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%8.38%
ATR Inc14.58%
Range Today0.09
ADR(20)0.09
ADR(20)%6.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.61
Mansfield-2.24
10 Day High1.6
10 Day Low1.16
20 Day High1.6
20 Day Low1.16
52 Week High2.6
52 Week Low0.77
CS1 EndN/A
CR1 Start1.52
Volume & EV
DER(3)-0.31%
DER(5)0.21%
Volume4
Volume Incr320.92%
Vol(5)373.22K
Vol(50)147.19K