OTIS WORLDWIDE CORP (OTIS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:OTIS - US68902V1070 - Common Stock
Overall OTIS gets a technical rating of 0 out of 10. 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.
OTIS has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 86.21, a Stop Loss order could be placed below this zone.
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84.08
When analyzing the support we notice one important area.
- A support zone ranging from 84.93 to 86.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 87.70 to 93.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 98.95 to 99.61. This zone is formed by a combination of multiple trend lines 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 | 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 | 28.61 | NEGATIVE | OTIS has a low relative strength, it was outperformed by 71.39% 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) | 39.02 | NEUTRAL | The RSI value for OTIS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests OTIS has a negative trend. |
| Stochastics (14,3) | 16.33 | OVERSOLD | The low Stochastics value suggests OTIS may be oversold. |
| Average True Range in percent/ATR (20) | 1.42 | LOW VOLATILITY | The low ATR as a percentage value for OTIS suggests low volalility. |
| Average Directional Index/ADX (14) | 16.82 | NEGATIVE | The low ADX value for OTIS suggests a weak or negative trend. |
86.91
-0.03 (-0.03%)
OTIS WORLDWIDE CORP / OTIS FAQ
Can you provide the ChartMill technical rating for OTIS WORLDWIDE CORP?
ChartMill assigns a technical rating of 0 / 10 to OTIS.
What is the current trend direction of OTIS WORLDWIDE CORP (OTIS) stock?
The current trend direction for OTIS WORLDWIDE CORP (OTIS) is Bearish.
What is the RSI signal for OTIS stock?
OTIS WORLDWIDE CORP (OTIS) has an RSI value of 39.0163. This indicates that the stock is currently neutral.
What is the MACD signal for OTIS stock?
The MACD indicator for OTIS WORLDWIDE CORP (OTIS) has a value of -0.0971081, indicating a bearish trend.
Can you provide the support and resistance levels for OTIS WORLDWIDE CORP?
OTIS WORLDWIDE CORP (OTIS) has a support level at 86.21 and a resistance level at 87.7. Check the full technical report for our detailed analysis of OTIS support and resistance levels.