OTIS WORLDWIDE CORP (OTIS) Stock Technical Analysis
USA - NYSE:OTIS - US68902V1070 - Common Stock
Taking everything into account, OTIS scores 2 out of 10 in our technical rating. 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.
OTIS has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 91.04, a Stop Loss order could be placed below this zone.
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84.08
When analyzing the support we can see 2 important areas.
- A support zone ranging from 88.73 to 91.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 5 important areas.
- A resistance zone ranging from 91.31 to 92.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @94.75 from a trend line in the weekly time frame.
- A resistance zone ranging from 98.52 to 100.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 104.01 to 104.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The long term trend for OTIS is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OTIS is neutral. |
| ChartMill Relative Strength | 34.64 | 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) | 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) | 50.24 | NEUTRAL | The RSI value for OTIS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests OTIS has a negative trend. |
| Stochastics (14,3) | 17.99 | OVERSOLD | The low Stochastics value suggests OTIS may be oversold. |
| Average True Range in percent/ATR (20) | 1.75 | LOW VOLATILITY | The low ATR as a percentage value for OTIS suggests low volalility. |
| Average Directional Index/ADX (14) | 21.24 | NEUTRAL | The ADX value for OTIS suggests a possible start of a new trend. |
91.24
+0.54 (+0.6%)
OTIS WORLDWIDE CORP / OTIS FAQ
Can you provide the ChartMill technical rating for OTIS WORLDWIDE CORP?
ChartMill assigns a technical rating of 2 / 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 50.237. 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 -0.192083, 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 91.04 and a resistance level at 91.31. Check the full technical report for our detailed analysis of OTIS support and resistance levels.