OTIS WORLDWIDE CORP (OTIS) Stock Technical Analysis
USA - NYSE:OTIS - US68902V1070 - Common Stock
89.46 USD
-0.26 (-0.29%)
88.5 USD
-0.96 (-1.07%)
Taking everything into account, OTIS scores 2 out of 10 in our technical rating. In the past year, OTIS was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, OTIS is a bad performer in the overall market: 81% of all stocks are doing better.
OTIS is one of the lesser performing stocks in the Machinery industry. 61% of 129 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.
OTIS has an average volume of 3154230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month OTIS has a been trading in a tight range between 88.47 and 93.13.
Considerably lower volume is observed in the last couple of days.
The technical rating of OTIS is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
84.08
107.07
We found 1 important support 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.
5 important resistance areas can be observed.
- A resistance zone ranging from 90.28 to 91.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @95.80 from a trend line in the weekly time frame.
- A resistance zone ranging from 98.34 to 101.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @104.01 from a horizontal line in the daily time frame.
- Resistance @106.01 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The short term trend for OTIS is neutral. |
| ChartMill Relative Strength | 19.17 | NEGATIVE | OTIS has a low relative strength, it was outperformed by 80.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of OTIS is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OTIS is above the rising 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) | 47.32 | NEUTRAL | The RSI value for OTIS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests OTIS has a negative trend. |
| Stochastics (14,3) | 35.91 | NEUTRAL | The Stochastics value for OTIS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.53 | LOW VOLATILITY | The low ATR as a percentage value for OTIS suggests low volalility. |
| Average Directional Index/ADX (14) | 22.35 | 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)
89.46
-0.26 (-0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-0.29%
1 Week-2.27%
2 Weeks-1.02%
1 Month0.45%
3 Month-10.08%
6 Month-7.86%
12 Month-14.01%
2 Year15.87%
3 Year26.64%
5 Year45.99%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.28
ATR(20)%1.53%
ATR Inc53.51%
Range Today1.34
ADR(20)1.3
ADR(20)%1.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.17
Mansfield-1.44
10 Day High93.13
10 Day Low89.08
20 Day High93.13
20 Day Low88.47
52 Week High106.83
52 Week Low84.25
CS1 End86.21
CR1 Start90.28
Volume & EV
DER(3)-1.09%
DER(5)-0.77%
Volume1.72M
Volume Incr-33.69%
Vol(5)1.88M
Vol(50)3.15M