OTIS WORLDWIDE CORP (OTIS) Stock Technical Analysis
NYSE:OTIS - US68902V1070 - Common Stock
88.58 USD
+1.01 (+1.15%)
88.55 USD
-0.03 (-0.03%)
Overall OTIS gets a technical rating of 0 out of 10. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, OTIS is a bad performer in the overall market: 83% of all stocks are doing better.
OTIS is part of the Machinery industry. There are 127 other stocks in this industry, of which 73% are performing better than OTIS.
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 is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
OTIS has an average volume of 3260860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, OTIS does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 87.98, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for OTIS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
84.08
104.01
We found 1 important support area.
- A support zone ranging from 84.93 to 87.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 97.66 to 102.98. 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 | 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 | 17.81 | NEGATIVE | OTIS has a low relative strength, it was outperformed by 82.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of OTIS is above 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) | 46 | NEUTRAL | The RSI value for OTIS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.52 | POSITIVE | The MACD value suggests OTIS has a positive trend. |
| Stochastics (14,3) | 68.02 | NEUTRAL | The Stochastics value for OTIS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.62 | LOW VOLATILITY | The low ATR as a percentage value for OTIS suggests low volalility. |
| Average Directional Index/ADX (14) | 26.33 | POSITIVE | The high ADX value value for OTIS suggests a strong 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)
88.58
+1.01 (+1.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg1.15%
1 Week1.32%
2 Weeks1.27%
1 Month-1.35%
3 Month-8.47%
6 Month-9.95%
12 Month-5.97%
2 Year3.54%
3 Year22.65%
5 Year40.83%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.46
ATR(20)%1.62%
ATR Inc14.21%
Range Today1.12
ADR(20)1.37
ADR(20)%1.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.81
Mansfield-1.69
10 Day High90.17
10 Day Low85.87
20 Day High90.17
20 Day Low84.25
52 Week High106.83
52 Week Low84.25
CS1 End87.98
CR1 Start97.66
Volume & EV
DER(3)4.05%
DER(5)2.25%
Volume5.45M
Volume Incr7.38%
Vol(5)4.66M
Vol(50)3.26M