Based on the technical analysis and recent market data, OTIS stock shows a bullish trend with strong momentum. The stock is trading above its key moving averages with RSI at 60.10, indicating moderate upward momentum without being overbought.
Recent earnings showed mixed results with Q4 2024 net sales increasing 1.5% year-over-year to $3.7 billion, though EPS missed estimates slightly. The company's 2025 guidance projects adjusted EPS of $4.00-$4.10, which is below analyst expectations of $4.12.
The stock has gained 8.8% over the past 52 weeks, though underperforming the S&P 500's 23.5% surge. However, in 2025, OTIS has outperformed with a 5.8% gain versus the S&P 500's 4%.
Currently trading at $98.62 in pre-market with +0.25%, the stock is approaching its Fibonacci resistance level of $99.17, suggesting potential for further upside if this level is broken. Support levels are established at $95.18 and $93.95.
Based on current market conditions and technical indicators, OTIS appears to be a BUY at current levels, with potential for continued upward movement toward analysts' mean price target of $101.40.