Technical Analysis

Technical Analysis of OTIS Stock

Price Overview

The current price of OTIS stock is 104.01 as of the latest close on 2025-03-07. The stock showed a positive movement during the regular market hours, closing 1.40% higher than the previous day.

Technical Indicators

• RSI (14-period): 70.50
  • The stock is approaching overbought territory but hasn't crossed the 70 threshold yet.
• MACD: 1.70 (positive)
  • The MACD line is above the signal line, indicating bullish momentum.
• Stochastic Oscillator: %K (93.28) and %D (84.60)
  • The stock is in overbought territory, which could signal a potential pullback.

Fibonacci Levels

• Pivot Point: 100.85
• Resistance Levels:
  • R1: 103.47
  • R2: 105.09
• Support Levels:
  • S1: 98.23
  • S2: 96.61

The stock is currently trading above the pivot point and nearing the first resistance level (R1). A breakout above R1 could push the price toward R2. However, a failure to hold above the pivot point could lead to a decline toward S1.

Bollinger Bands

• Upper Band: 98.80
• Lower Band: 96.05
• Price: 104.01

The stock is trading near the upper band, indicating potential volatility.

Moving Averages

• 20-Day SMA: 98.80
• 50-Day SMA: 96.05
• 200-Day SMA: 97.25

The stock is trading above the 20-day and 50-day SMAs, which is a bullish sign.

Volume Analysis

The volume on the last trading day was 3,914,591, which is moderate but supports the bullish trend.

Candlestick Chart

Recommendation

Buy OTIS stock at the current price of 104.01 with a target price of 105.09 (R2). Set a stop-loss at 98.23 (S1). The stock is in a bullish trend with strong momentum, but be cautious of potential pullbacks due to overbought conditions.