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OTOVO ASA (OTOVO.OL) Stock Technical Analysis

Europe - Euronext Oslo - OSL:OTOVO - NO0010809783 - Common Stock

1.144 NOK
+0.03 (+3.06%)
Last: 1/9/2026, 7:00:00 PM
Technical Rating and Analysis

7

We assign a technical rating of 7 out of 10 to OTOVO. In the past year, OTOVO was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.

OTOVO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
OTOVO is one of the better performing stocks in the Electrical Equipment industry, it outperforms 76% of 68 stocks in the same industry.
In the last month OTOVO has a been trading in the 0.70 - 1.20 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, OTOVO did better than 80% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
Considerably lower volume is observed in the last couple of days.

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Weekly and Daily overview Charts
OTOVO ASA / OTOVO Weekly stock chart
OTOVO ASA / OTOVO Daily stock chart
Setup Rating and Analysis

3

Although OTOVO has an excellent technical rating, it does not offer a high 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.

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Support and Resistance Analysis

1.13

1.71

We can see 3 important resistance areas.

  • A resistance zone ranging from 1.15 to 1.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @1.48 from a trend line in the weekly time frame.
  • Resistance @1.69 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorNEUTRALNEUTRALThe long term trend for OTOVO.OL is neutral.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for OTOVO.OL is up.
ChartMill Relative Strength80.55POSITIVEOTOVO.OL has a high relative strength, it outperformed 80.55% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of OTOVO.OL is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of OTOVO.OL is above the rising SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of OTOVO.OL is below a declining SMA(200).
Relative Strength Index/RSI (14)73.11OVERBOUGHTThe high RSI value suggests OTOVO.OL may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.02POSITIVEThe MACD value suggests OTOVO.OL has a positive trend, although the MACD value is declining.
Stochastics (14,3)78.6NEUTRALThe Stochastics value for OTOVO.OL is a neutral value.
Average True Range in percent/ATR (20)9.3HIGH VOLATILITYThe high ATR as a percentage value for OTOVO.OL suggests high volalility.
Average Directional Index/ADX (14)40.13POSITIVEThe high ADX value value for OTOVO.OL suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)

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OTOVO ASA / OTOVO Daily stock chart

OTOVO ASA

OSL:OTOVO (1/9/2026, 7:00:00 PM)

1.144

+0.03 (+3.06%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg3.06%
1 Week5.93%
2 Weeks29.12%
1 Month69.99%
3 Month27.82%
6 Month-36.09%
12 Month28.11%
2 Year-56.17%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%9.3%
ATR Inc-1.33%
Range Today0.09
ADR(20)0.1
ADR(20)%8.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.55
3 months CRS90.74
6 months CRS4.37
Mansfield-2.3
10 Day High1.2
10 Day Low0.9
20 Day High1.2
20 Day Low0.7
52 Week High2.6
52 Week Low0.6
CS1 EndN/A
CR1 Start1.15
Volume & EV
DER(3)-1.41%
DER(5)-1.5%
Volume326.71K
Volume Incr-52.09%
Vol(5)427.16K
Vol(50)770.34K

OTOVO ASA / OTOVO.OL FAQ

Can you provide the ChartMill technical rating for OTOVO ASA?

ChartMill assigns a technical rating of 7 / 10 to OTOVO.OL.


What is the current trend direction of OTOVO ASA (OTOVO.OL) stock?

The current trend direction for OTOVO ASA (OTOVO.OL) is Bearish.


What is the RSI signal for OTOVO stock?

OTOVO ASA (OTOVO.OL) has an RSI value of 73.1059. This indicates that the stock is currently overbought.


What are the support and resistance levels for OTOVO ASA (OTOVO.OL) stock?

OTOVO ASA (OTOVO.OL) has a resistance level at 1.15. Check the full technical report for our detailed analysis of OTOVO.OL support and resistance levels.