Technical Analysis for OTIS - Otis Worldwide Corporation

Grade Last Price % Change Price Change
B 95.49 0.56% 0.53
OTIS closed up 0.56 percent on Thursday, April 18, 2024, on approximately normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. It ran into resistance at its 50 day moving average. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
Earnings due: Apr 24
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Flat Down

Date Alert Name Type % Chg
50 DMA Resistance Bearish 0.00%
NR7 Range Contraction 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Strong but Oversold Other 0.00%
Inside Day Range Contraction 0.00%
Strong, Oversold and Reversal Signs Reversal 0.00%
Oversold Stochastic Weakness 0.00%
Fell Below 50 DMA Bearish 0.56%
MACD Bearish Centerline Cross Bearish 0.56%
New Downtrend Bearish 0.56%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 19 hours ago
Possible Inside Day about 19 hours ago
Up 1% about 22 hours ago
60 Minute Opening Range Breakout about 22 hours ago
Rose Above 50 DMA about 22 hours ago

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Profile

Otis Worldwide Corporation Description

Otis Elevator Company Inc. operates as an elevator and escalator manufacturing, installation, and service company worldwide. It designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects. The company also performs maintenance and repair services for its products and those of other manufacturers, as well as provides modernization services to upgrade elevators and escalators. It sells its products directly to end customer, as well as through sales representatives and distributors. Otis Elevator Company Inc. was formerly known as Otis Fensom Elevator Company Limited and changed its name to Otis Elevator Company Inc in November 1949. The company was founded in 1853 and is headquartered in Farmington, Connecticut. Otis Elevator Company operates independently of United Technologies Corporation as of April 3, 2020.


Classification

Sector: Industrials
Industry: Specialty Industrial Machinery
Keywords: S&P 500 Transport Elevator

Is OTIS a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 100.35
52 Week Low 72.7485
Average Volume 1,823,966
200-Day Moving Average 87.22
50-Day Moving Average 95.83
20-Day Moving Average 97.85
10-Day Moving Average 96.88
Average True Range 1.44
RSI (14) 42.86
ADX 25.82
+DI 14.92
-DI 17.40
Chandelier Exit (Long, 3 ATRs) 96.02
Chandelier Exit (Short, 3 ATRs) 98.79
Upper Bollinger Bands 100.76
Lower Bollinger Band 94.93
Percent B (%b) 0.1
BandWidth 5.96
MACD Line -0.16
MACD Signal Line 0.39
MACD Histogram -0.5552
Fundamentals Value
Market Cap 38.72 Billion
Num Shares 405 Million
EPS 3.39
Price-to-Earnings (P/E) Ratio 28.17
Price-to-Sales 2.60
Price-to-Book 13.20
PEG Ratio 2.05
Dividend 1.31
Dividend Yield 1.37%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 97.07
Resistance 3 (R3) 97.16 96.72 96.80
Resistance 2 (R2) 96.72 96.32 96.68 96.71
Resistance 1 (R1) 96.11 96.07 96.42 96.02 96.63
Pivot Point 95.67 95.67 95.83 95.63 95.67
Support 1 (S1) 95.06 95.27 95.37 94.97 94.35
Support 2 (S2) 94.62 95.02 94.58 94.27
Support 3 (S3) 94.01 94.62 94.18
Support 4 (S4) 93.92