OTIS WORLDWIDE CORP (OTIS) Stock Technical Analysis
NYSE:OTIS • US68902V1070
Taking everything into account, OTIS scores 5 out of 10 in our technical rating. OTIS has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- 67% of all other stocks performed better in the past year than OTIS.
- OTIS is part of the Machinery industry. There are 131 other stocks in this industry, of which 67% are performing better than OTIS.
- 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 84.00 - 93.58 range, which is quite wide. It is currently trading near the high of this range.
- OTIS has an average volume of 3415960 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.
- Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, OTIS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 92.36, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
84.08
We found 2 important support areas.
- A support zone ranging from 89.03 to 92.36. 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 84.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- 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 | UP | POSITIVE | The short term trend for OTIS is up. |
| ChartMill Relative Strength | 33.87 | 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) | DOWN | MIXED | The current price of OTIS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.51 | NEUTRAL | The RSI value for OTIS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.41 | POSITIVE | The MACD value suggests OTIS has a positive trend. |
| Stochastics (14,3) | 91.28 | OVERBOUGHT | The high Stochastics value suggests OTIS may be overbought. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for OTIS suggests some volalility. |
| Average Directional Index/ADX (14) | 15.65 | NEGATIVE | The low ADX value for OTIS suggests a weak or negative trend. |
93.04
+0.27 (+0.29%)
OTIS WORLDWIDE CORP / OTIS FAQ
Can you provide the ChartMill technical rating for OTIS WORLDWIDE CORP?
ChartMill assigns a technical rating of 5 / 10 to OTIS.
What is the trend direction for 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 60.5138. This indicates that the stock is currently neutral.
What is the short term momentum for OTIS stock?
The short term momentum for OTIS WORLDWIDE CORP (OTIS) is positive.
Can you provide the support and resistance levels for OTIS WORLDWIDE CORP?
OTIS WORLDWIDE CORP (OTIS) has a support level at 92.36 and a resistance level at 106.01. Check the full technical report for our detailed analysis of OTIS support and resistance levels.