Should You Buy Oatly Group AB (publ) - ADR (OTLY) Stock on Wednesday?

Oatly Group AB (publ) - ADR (OTLY) stock is up 40.00% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Oatly Group AB (publ) - ADR has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on OTLY!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With OTLY Stock Today?

Oatly Group AB (publ) - ADR (OTLY) stock is trading at $0.98 as of 12:40 PM on Wednesday, Nov 29, a rise of $0.13, or 14.84% from the previous closing price of $0.85. The stock has traded between $0.87 and $0.99 so far today. Volume today is 4,485,618 compared to average volume of 5,466,082. To see InvestorsObserver's Sentiment Score for Oatly Group AB (publ) - ADR click here.

More About Oatly Group AB (publ) - ADR

Oatly Group AB is engaged in the food and drinks industry. Some of its products include Oat Drink, Chilled Oat Drink, Oatgurt, Creamy Oat, Icecreams, among others. It caters to Sweden, Germany, United Kingdom, Netherlands, North America, Finland, and Other markets. Click Here to get the full Stock Report for Oatly Group AB (publ) - ADR stock.