OTTER TAIL CORP (OTTR) Stock Technical Analysis
NASDAQ:OTTR • US6896481032
We assign a technical rating of 5 out of 10 to OTTR. In the last year, OTTR was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- OTTR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so OTTR is lagging the market slightly.
- In the last month OTTR has a been trading in the 83.78 - 89.95 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- 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 56% of all stocks.
- OTTR is an average performer in the Electric Utilities industry, it outperforms 44% of 46 stocks in the same industry.
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 resistance zone just above the current price starting at 88.59. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 85.97, a Stop Loss order could be placed below this zone.
More info and screens
72.16
4 important support areas can be observed.
- A support zone ranging from 84.51 to 85.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 79.90 to 80.31. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 75.05 to 76.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @72.89 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 88.59 to 89.64. 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 | NEUTRAL | NEUTRAL | The short term trend for OTTR is neutral. |
| ChartMill Relative Strength | 56.89 | 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) | 48.94 | NEUTRAL | The RSI value for OTTR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests OTTR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.3 | NEUTRAL | The Stochastics value for OTTR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.27 | MEDIUM VOLATILITY | The ATR as a percentage value for OTTR suggests some volalility. |
| Average Directional Index/ADX (14) | 20.16 | NEUTRAL | The ADX value for OTTR suggests a possible start of a new trend. |
86.16
+0.7 (+0.82%)
OTTER TAIL CORP / OTTR FAQ
Can you provide the ChartMill technical rating for OTTER TAIL CORP?
ChartMill assigns a technical rating of 5 / 10 to OTTR.
What is the trend direction for OTTR stock?
The current trend direction for OTTER TAIL CORP (OTTR) is Bullish.
What is the RSI signal for OTTER TAIL CORP (OTTR) stock?
OTTER TAIL CORP (OTTR) has an RSI value of 48.9401. This indicates that the stock is currently neutral.
What is the support and resistance level for OTTR stock?
OTTER TAIL CORP (OTTR) has a support level at 85.97 and a resistance level at 88.59. Check the full technical report for our detailed analysis of OTTR support and resistance levels.