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.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
In the last month OTOVO has a been trading in the 1.56 - 1.87 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When comparing the performance of all stocks over the past year, OTOVO turns out to be only a medium performer in the overall market: it outperformed 56% of all stocks.
OTOVO is part of the Electrical Equipment industry. There are 54 other stocks in this industry, OTOVO did better than 60% of them.
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.
Considerably lower volume is observed in the last couple of days.
OTOVO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 1.77, a Stop Loss order could be placed below this zone.
More info and screens
1.53
1.93
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.75 to 1.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.58 from a horizontal line in the weekly time frame.
- Support @1.55 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @1.78 from a horizontal line in the weekly time frame.
- Resistance @1.81 from a trend line in the daily time frame.
- A resistance zone ranging from 1.90 to 1.91. 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 | NEUTRAL | NEUTRAL | The short term trend for OTOVO.OL is neutral. |
| ChartMill Relative Strength | 56.12 | NEUTRAL | OTOVO.OL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OTOVO.OL is above the rising 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) | 55.1 | NEUTRAL | The RSI value for OTOVO.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests OTOVO.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 58.17 | NEUTRAL | The Stochastics value for OTOVO.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 5.45 | HIGH VOLATILITY | The high ATR as a percentage value for OTOVO.OL suggests high volalility. |
| Average Directional Index/ADX (14) | 14.84 | NEGATIVE | The low ADX value for OTOVO.OL 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.79 | 1.74 | 0.05 (2.79%) | 25.00% |
| An entry @1.79. This is a Buy Stop order right above the resistance zone. | An exit @1.74. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.05 points, which is 2.79%. | For a 0.70% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of OTOVO. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
OSL:OTOVO (6/27/2025, 7:00:00 PM)
1.77
+0.01 (+0.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg0.57%
1 Week1.26%
2 Weeks3.27%
1 Month1.14%
3 Month17.53%
6 Month98.88%
12 Month-1.78%
2 Year-85.37%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%5.45%
ATR Inc18.91%
Range Today0.1
ADR(20)0.1
ADR(20)%5.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.12
Mansfield2.51
10 Day High1.8
10 Day Low1.7
20 Day High1.87
20 Day Low1.56
52 Week High2.6
52 Week Low0.77
CS1 End1.77
CR1 Start1.78
Volume & EV
DER(3)-199.01%
DER(5)-120.31%
Volume400
Volume Incr-37.71%
Vol(5)152.57K
Vol(50)282.30K