OTIS WORLDWIDE CORP (OTIS) Stock Technical Analysis
NYSE:OTIS - New York Stock Exchange, Inc. - US68902V1070 - Common Stock - Currency: USD
Taking everything into account, OTIS scores 0 out of 10 in our technical rating. OTIS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, OTIS is a bad performer in the overall market: 77% of all stocks are doing better.
OTIS is one of the lesser performing stocks in the Machinery industry. 72% of 127 stocks in the same industry do better.
OTIS 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.
In the last month OTIS has a been trading in the 86.00 - 101.42 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
OTIS has an average volume of 2656030 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
The technical rating of OTIS is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
87.61
107.07
When analyzing the support we notice one important area.
- A support zone ranging from 88.49 to 89.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 96.57 to 102.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @106.01 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for OTIS is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OTIS is down. |
| ChartMill Relative Strength | 23.89 | NEGATIVE | OTIS has a low relative strength, it was outperformed by 76.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OTIS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OTIS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OTIS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.92 | NEUTRAL | The RSI value for OTIS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.33 | NEGATIVE | The MACD value suggests OTIS has a negative trend. |
| Stochastics (14,3) | 20.49 | NEUTRAL | The Stochastics value for OTIS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for OTIS suggests some volalility. |
| Average Directional Index/ADX (14) | 27.22 | POSITIVE | The high ADX value value for OTIS 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)
89.79
+0.59 (+0.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg0.66%
1 Week-9.7%
2 Weeks-9.75%
1 Month-7.93%
3 Month-3.38%
6 Month-7.12%
12 Month-3.95%
2 Year-1.29%
3 Year14.87%
5 Year43.11%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.65
ATR(20)%2.6%
ATR Inc-36.81%
Range Today1.31
ADR(20)1.86
ADR(20)%2.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.89
Mansfield-1.61
10 Day High101.42
10 Day Low86
20 Day High101.42
20 Day Low86
52 Week High106.83
52 Week Low86
CS1 End89.78
CR1 Start96.57
Volume & EV
DER(3)-1.4%
DER(5)-0.82%
Volume4.08M
Volume Incr170.07%
Vol(5)5.74M
Vol(50)2.66M