OTIS Price Prediction Next Week
OTIS Stock Price Prediction and Recommendation
Based on the analysis of news sentiment and technical indicators, here is the prediction and recommendation for OTIS stock:
Technical Analysis:
- Current Price: $101.34
- Resistance Levels: $105.39 (Fibonacci R1), $107.16 (Fibonacci R2)
- Support Levels: $99.67 (Fibonacci S1), $97.90 (Fibonacci S2)
- MACD: Positive crossover with a value of 1.12, indicating bullish momentum.
- RSI: 54.60, indicating neutral territory.
News Sentiment:
- Recent Performance: OTIS has outperformed the S&P 500 over the past three and six months but underperformed over the past year.
- Earnings: Mixed Q4 results with a slight dip in stock price post-earnings.
- Analyst Ratings: Consensus "Hold" rating with a mean price target of $101.40.
Prediction:
- Target Price: $105.39 (Fibonacci R1)
- Recommendation: Sell on strength as the stock approaches resistance levels.
Graphical Components:
OTIS Similar Chart Price Prediction
The price of OTIS is predicted to go up 10.79%, based on the high correlation periods with KMPR. The similarity of these two price pattern on the periods is 95.46%.
OTIS
KMPR
Up: 10.79%Similarity: 95.46%
OTIS Revenue Forecast
OTIS EPS Forecast
OTIS FAQs
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OTIS VS S&P500
Otis' installed base business model-which boasts the largest installed base of elevators globally-drives strong free cash flow generation through the economic cycle.
We expect the increasing route density of Otis' service network to drive further expansion to its industry-leading profit margin and strengthen its cost advantage.
Otis will benefit from a globally aging installed elevator base. Elevator modernization is a long-term growth opportunity with about half of Europe's and North America's elevator installations greater than 20 years old.
OTIS Analyst's Forecast
Julian Mitchell
Barclays
Sell
2025-03-26
Price Target
$91 → $92
Downside
-10.41%
Barclays analyst Julian Mitchell raised the firm's price target on Otis Worldwide to $92 from $91 and keeps an Underweight rating on the shares. The firm adjusted targets in the multi-industry group as part of a Q1 preview. It sees revenue and margin pressure alongside lower investor expectations.
Stephen Tusa
JP Morgan
Hold
2025-01-15
Price Target
$112 → $108
Upside
+17.07%
Julian Mitchell
Barclays
Sell
2025-01-08
Price Target
$94 → $91
Downside
-0.86%
