OTOVO ASA (OTOVO.OL) Stock Technical Analysis
OSL:OTOVO - Euronext Oslo - NO0010809783 - Common Stock - Currency: NOK
Taking everything into account, OTOVO scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, OTOVO is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
OTOVO is one of the better performing stocks in the Electrical Equipment industry, it outperforms 90% of 53 stocks in the same industry.
In the last month OTOVO has a been trading in the 1.29 - 1.66 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, OTOVO did better than 96% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
OTOVO is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, OTOVO also presents a decent setup pattern. Prices have been consolidating lately. Another positive sign is the recent Pocket Pivot signal.
- 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
1.35
1.98
When analyzing the support we can see 3 important areas.
- Support @1.57 from a horizontal line in the daily time frame.
- A support zone ranging from 1.43 to 1.46. 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 1.64 to 1.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.96 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.75
Mansfield2.51
10 Day High1.66
10 Day Low1.29
20 Day High1.66
20 Day Low1.29
52 Week High3.33
52 Week Low0.77
Performance
1 Week2.77%
2 Weeks13.63%
1 Month10.55%
3 Month100.49%
6 Month25.69%
12 Month23.6%
2 Year-85.12%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)62.16
LBB1.31
UBB1.68
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 |
|---|---|---|---|
| 1.65 | 1.56 | 0.09 (5.45%) | 18.33% |
| An entry @1.65. This is a Buy Stop order right above the resistance zone. | An exit @1.56. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.09 points, which is 5.45%. | When investing 18.33% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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 (4/25/2025, 7:00:00 PM)
1.634
+0.02 (+1.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg1.36%
1 Week2.77%
2 Weeks13.63%
1 Month10.55%
3 Month100.49%
6 Month25.69%
12 Month23.6%
2 Year-85.12%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%7.38%
ATR Inc31.64%
Range Today0.14
ADR(20)0.12
ADR(20)%7.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.75
Mansfield2.51
10 Day High1.66
10 Day Low1.29
20 Day High1.66
20 Day Low1.29
52 Week High3.33
52 Week Low0.77
CS1 End1.57
CR1 Start1.64
Volume & EV
DER(3)-1.75%
DER(5)-2.04%
Volume472.23K
Volume Incr45.44%
Vol(5)294.34K
Vol(50)908.40K