OTTER TAIL CORP (OTTR) Stock Technical Analysis
USA - NASDAQ:OTTR - US6896481032 - Common Stock
Taking everything into account, OTTR scores 7 out of 10 in our technical rating. 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.
OTTR has an excellent technical rating and also presents a decent setup pattern. 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 85.97. Right above this resistance zone may be a good entry point.
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5 important support areas can be observed.
- A support zone ranging from 80.73 to 81.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 78.89 to 78.96. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 76.13 to 76.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong support @74.62 from a horizontal line in the daily time frame.
- A support zone ranging from 72.43 to 72.89. 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 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 | UP | POSITIVE | The short term trend for OTTR is up. |
| ChartMill Relative Strength | 44.09 | NEUTRAL | OTTR is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of OTTR is above a declining 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) | 52.28 | NEUTRAL | The RSI value for OTTR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests OTTR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68 | NEUTRAL | The Stochastics value for OTTR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.23 | MEDIUM VOLATILITY | The ATR as a percentage value for OTTR suggests some volalility. |
| Average Directional Index/ADX (14) | 25.67 | POSITIVE | The high ADX value value for OTTR suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 83.97 | 81.19 | 2.78 (3.31%) | 25.00% |
| An entry @83.97. This is a Buy Stop order right above the 10 day moving average. | An exit @81.19. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.78 points, which is 3.31%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.83%. |
- The distance between exit and entry is rather small compared to the average daily movement of OTTR. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
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OTTER TAIL CORP / OTTR FAQ
Can you provide the ChartMill technical rating for OTTER TAIL CORP?
ChartMill assigns a technical rating of 7 / 10 to OTTR.
What is the current trend direction of OTTER TAIL CORP (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 52.2803. This indicates that the stock is currently neutral.
What is the short term momentum for OTTER TAIL CORP (OTTR) stock?
The short term momentum for OTTER TAIL CORP (OTTR) is positive.
Can you provide the support and resistance levels for OTTER TAIL CORP?
OTTER TAIL CORP (OTTR) has a support level at 81.13 and a resistance level at 85.97. Check the full technical report for our detailed analysis of OTTR support and resistance levels.