OTTER TAIL CORP (OTTR) Stock Technical Analysis
USA - NASDAQ:OTTR - US6896481032 - Common Stock
Overall OTTR gets a technical rating of 0 out of 10. OTTR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, OTTR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 76.99, a Stop Loss order could be placed below this zone.
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71.71
When analyzing the support we can see 3 important areas.
- 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.
4 important resistance areas can be observed.
- A resistance zone ranging from 77.43 to 79.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 80.93 to 81.30. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @83.38 from a trend line in the weekly time frame.
- 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 | DOWN | NEGATIVE | The long term trend for OTTR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OTTR is down. |
| ChartMill Relative Strength | 38.66 | 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) | DOWN | NEGATIVE | The current price of OTTR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OTTR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.02 | NEUTRAL | The RSI value for OTTR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests OTTR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 55.01 | NEUTRAL | The Stochastics value for OTTR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.84 | LOW VOLATILITY | The low ATR as a percentage value for OTTR suggests low volalility. |
| Average Directional Index/ADX (14) | 26.3 | POSITIVE | The high ADX value value for OTTR suggests a strong trend. |
77.22
-0.36 (-0.46%)
OTTER TAIL CORP / OTTR FAQ
Can you provide the ChartMill technical rating for OTTER TAIL CORP?
ChartMill assigns a technical rating of 0 / 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 Bearish.
What is the RSI signal for OTTER TAIL CORP (OTTR) stock?
OTTER TAIL CORP (OTTR) has an RSI value of 41.0186. 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 negative.
Can you provide the support and resistance levels for OTTER TAIL CORP?
OTTER TAIL CORP (OTTR) has a support level at 76.99 and a resistance level at 77.43. Check the full technical report for our detailed analysis of OTTR support and resistance levels.