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 3 out of 10 to OTIS. OTIS has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month OTIS has a been trading in the 91.73 - 98.96 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
OTIS has an average volume of 3044030 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the performance of all stocks over the past year, OTIS turns out to be only a medium performer in the overall market: it outperformed 49% of all stocks.
OTIS is part of the Machinery industry. There are 128 other stocks in this industry, OTIS did better than 58% of them.
OTIS is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OTIS is lagging the market slightly.
OTIS has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.
More info and screens
89.86
107.07
2 important support areas can be observed.
- Support @93.79 from a trend line in the weekly time frame.
- 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 97.28 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 | 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 | 49.22 | NEUTRAL | OTIS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OTIS is above the rising 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) | 49.39 | NEUTRAL | The RSI value for OTIS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests OTIS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.17 | NEUTRAL | The Stochastics value for OTIS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.5 | LOW VOLATILITY | The low ATR as a percentage value for OTIS suggests low volalility. |
| Average Directional Index/ADX (14) | 13.59 | NEGATIVE | The low ADX value for OTIS suggests a weak or negative 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)
97.18
-0.45 (-0.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-0.46%
1 Week-0.69%
2 Weeks-0.14%
1 Month4.79%
3 Month-1.21%
6 Month-3.97%
12 Month-0.4%
2 Year22.22%
3 Year30.62%
5 Year84.58%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.35
ATR(20)%1.5%
ATR Inc2.39%
Range Today1.21
ADR(20)1.39
ADR(20)%1.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.22
Mansfield-0.29
10 Day High98.96
10 Day Low95.84
20 Day High98.96
20 Day Low91.74
52 Week High106.83
52 Week Low89.7
CS1 End93.79
CR1 Start97.28
Volume & EV
DER(3)-2.89%
DER(5)-1.51%
Volume2.37M
Volume Incr-22%
Vol(5)2.77M
Vol(50)3.04M