OTIS WORLDWIDE CORP (OTIS) Stock Technical Analysis
NYSE:OTIS - New York Stock Exchange, Inc. - US68902V1070 - Common Stock - Currency: USD
Taking everything into account, OTIS scores 5 out of 10 in our technical rating. In the last year, OTIS was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
61% of all other stocks performed better in the past year than OTIS.
OTIS is one of the lesser performing stocks in the Machinery industry. 67% of 128 stocks in the same industry do better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month OTIS has a been trading in the 93.87 - 100.99 range, which is quite wide. It is currently trading near the high of this range.
OTIS has an average volume of 2795980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
OTIS has only a medium 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 96.65, 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 95.08 to 98.20. 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 92.87. 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 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 104.81 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 | UP | POSITIVE | The short term trend for OTIS is up. |
| ChartMill Relative Strength | 39.23 | 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) | UP | POSITIVE | The current price of OTIS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OTIS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.43 | NEUTRAL | The RSI value for OTIS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.49 | POSITIVE | The MACD value suggests OTIS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.88 | OVERBOUGHT | The high Stochastics value suggests OTIS may be overbought. |
| Average True Range in percent/ATR (20) | 1.56 | LOW VOLATILITY | The low ATR as a percentage value for OTIS suggests low volalility. |
| Average Directional Index/ADX (14) | 18.29 | 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)
99.51
-0.29 (-0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-0.29%
1 Week2.04%
2 Weeks4.01%
1 Month4.45%
3 Month4.78%
6 Month7.13%
12 Month2.71%
2 Year9.4%
3 Year27.3%
5 Year58.61%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.67
ATR(20)%1.56%
ATR Inc-37.19%
Range Today0.89
ADR(20)1.51
ADR(20)%1.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS39.23
Mansfield-0.6
10 Day High100.99
10 Day Low93.87
20 Day High100.99
20 Day Low93.87
52 Week High106.83
52 Week Low89.7
CS1 End96.65
CR1 Start98.2
Volume & EV
DER(3)0.96%
DER(5)0.23%
Volume1.05M
Volume Incr-12.68%
Vol(5)1.99M
Vol(50)2.80M