OTTER TAIL CORP (OTTR) Stock Technical Analysis
USA - NASDAQ:OTTR - US6896481032 - Common Stock
81.97 USD
+0.33 (+0.4%)
81.97 USD
0 (0%)
We assign a technical rating of 4 out of 10 to OTTR. OTTR has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When comparing the performance of all stocks over the past year, OTTR turns out to be only a medium performer in the overall market: it outperformed 53% of all stocks.
OTTR is part of the Electric Utilities industry. There are 47 other stocks in this industry, OTTR did better than 41% of them.
OTTR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OTTR is lagging the market.
In the last month OTTR has a been trading in a tight range between 81.42 and 85.40.
Although the technical rating is only medium, OTTR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 80.19, a Stop Loss order could be placed below this zone.
More info and screens
71.71
86.83
3 important support areas can be observed.
- Support @80.19 from a horizontal line in the daily time frame.
- A support zone ranging from 76.10 to 76.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 72.43 to 73.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 82.86 to 84.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 85.97 to 85.97. 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 | UP | POSITIVE | The long term trend for OTTR is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OTTR is down. |
| ChartMill Relative Strength | 53.23 | NEUTRAL | OTTR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OTTR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OTTR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OTTR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.33 | NEUTRAL | The RSI value for OTTR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests OTTR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.28 | OVERSOLD | The low Stochastics value suggests OTTR may be oversold. |
| Average True Range in percent/ATR (20) | 1.56 | LOW VOLATILITY | The low ATR as a percentage value for OTTR suggests low volalility. |
| Average Directional Index/ADX (14) | 28.7 | POSITIVE | The high ADX value value for OTTR 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)
81.97
+0.33 (+0.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg0.4%
1 Week-1.81%
2 Weeks-1.57%
1 Month-1.79%
3 Month2.86%
6 Month6.77%
12 Month5.44%
2 Year7.97%
3 Year33.24%
5 Year126.62%
10 Year214.54%
15 Year302.01%
Volatility
ATR(14)1.35
ATR(20)%1.56%
ATR Inc-19.5%
Range Today1.07
ADR(20)1.28
ADR(20)%1.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.23
Mansfield-0.7
10 Day High84.75
10 Day Low81.42
20 Day High85.4
20 Day Low81.42
52 Week High88.36
52 Week Low71.66
CS1 End80.19
CR1 Start82.86
Volume & EV
DER(3)0.52%
DER(5)0.07%
Volume233.80K
Volume Incr6.96%
Vol(5)216.20K
Vol(50)204.69K