OTIS WORLDWIDE CORP (OTIS) Stock Technical Analysis
NYSE:OTIS - New York Stock Exchange, Inc. - US68902V1070 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to OTIS. OTIS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, OTIS is a bad performer in the overall market: 70% of all stocks are doing better.
OTIS has an average volume of 3002860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
OTIS is an average performer in the Machinery industry, it outperforms 41% of 128 stocks in the same industry.
OTIS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OTIS is lagging the market.
In the last month OTIS has a been trading in the 93.29 - 98.96 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, OTIS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 95.82. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 95.23, a Stop Loss order could be placed below this zone.
More info and screens
89.86
107.07
When analyzing the support we can see 2 important areas.
- A support zone ranging from 94.44 to 95.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 90.77 to 92.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 95.82 to 98.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 101.52 to 102.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 106.01 to 106.01. 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 | DOWN | NEGATIVE | The long term trend for OTIS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OTIS is down. |
| ChartMill Relative Strength | 30.32 | NEUTRAL | OTIS is not amongst the best or worst performers 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) | UP | MIXED | The current price of OTIS is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.62 | NEUTRAL | The RSI value for OTIS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests OTIS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 40.01 | NEUTRAL | The Stochastics value for OTIS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.37 | LOW VOLATILITY | The low ATR as a percentage value for OTIS suggests low volalility. |
| Average Directional Index/ADX (14) | 20.6 | NEUTRAL | The ADX value for OTIS suggests a possible start of a new 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)
95.4
+0.08 (+0.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg0.08%
1 Week0.14%
2 Weeks0.25%
1 Month-1.64%
3 Month-5.19%
6 Month-2.44%
12 Month-1.78%
2 Year7.18%
3 Year34.99%
5 Year67.78%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.27
ATR(20)%1.37%
ATR Inc-30.7%
Range Today1.06
ADR(20)1.28
ADR(20)%1.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.32
Mansfield-0.68
10 Day High96.44
10 Day Low93.29
20 Day High98.96
20 Day Low93.29
52 Week High106.83
52 Week Low89.7
CS1 End95.23
CR1 Start95.82
Volume & EV
DER(3)0.14%
DER(5)-0.11%
Volume1.78M
Volume Incr-42.54%
Vol(5)1.73M
Vol(50)3.00M