Overall OTTR gets a technical rating of 8 out of 10. Although OTTR is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- OTTR is part of the Electric Utilities industry. There are 46 other stocks in this industry. OTTR outperforms 77% of them.
- OTTR is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month OTTR has a been trading in the 80.50 - 90.11 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, OTTR did better than 75% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Although OTTR has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
72.16
3 important support areas can be observed.
- A support zone ranging from 79.98 to 84.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 76.77 to 77.70. 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 88.94 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 | UP | POSITIVE | The short term trend for OTTR is up. |
| ChartMill Relative Strength | 75.31 | POSITIVE | OTTR has a high relative strength, it outperformed 75.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OTTR is above the rising 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) | 67.11 | NEUTRAL | The RSI value for OTTR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.59 | POSITIVE | The MACD value suggests OTTR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.21 | OVERBOUGHT | The high Stochastics value suggests OTTR may be overbought. |
| Average True Range in percent/ATR (20) | 1.72 | LOW VOLATILITY | The low ATR as a percentage value for OTTR suggests low volalility. |
| Average Directional Index/ADX (14) | 27.57 | POSITIVE | The high ADX value value for OTTR suggests a strong trend. |
88.93
-0.71 (-0.79%)
OTTER TAIL CORP / OTTR FAQ
Can you provide the ChartMill technical rating for OTTER TAIL CORP?
ChartMill assigns a technical rating of 8 / 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 67.1097. This indicates that the stock is currently neutral.
What is the buy/sell signal for OTTR stock?
The buy/sell signal for OTTER TAIL CORP (OTTR) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for OTTER TAIL CORP (OTTR) stock?
OTTER TAIL CORP (OTTR) has a support level at 84.42 and a resistance level at 88.94. Check the full technical report for our detailed analysis of OTTR support and resistance levels.