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Stock Charts AI Power Rank: 9.4
Power Rank trend -> Rising
10/08/2024 12:03:00 EST
Otis Worldwide Corp (OTIS)
Industry: Specialty Industrial Machinery
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, OTIS has been trading in a range between $104.81 and $92.15 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
OTIS is trading below resistance at $104.81, about 4% to the upside. There is support at $97.97 -3% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Otis Worldwide Corp $OTIS entered a Green zone 20 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $88.67, a potential down side of -14.76% from the recent price of 104.02. The stock is trading 1.32% (potential upside) below its 52 week high of $105.39 and 44.17 % (potential downside) above its 52 week low of $72.15 - based on the recent price.
Company Summary
Otis Worldwide Corporation engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally The company operates in two segments, New Equipment and Service. The New Equipment segment 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.
News
| Dividend Stocks With Strong Q4 Seasonality Entering October is the strongest period of the year for three-month returns, and shorter-term returns are also some of the best. Here we take a look at 30 dividend stocks in the S&P 500 that have been the best Q4 performers over the last ten years. 2024 has been a strong year already for high-yielding stocks, and now they have Q4 seasonality as another tailwind. Source: Seeking Alpha Wed, 02 Oct 2024 13:20:00 -0400 Sentiment: Positive |
| Otis' New Contract to Boost 101 Collins Street in Melbourne Otis is set to modernize Melbourne's iconic 101 Collins Street building, enhancing efficiency and sustainability. Source: Zacks Investment Research Tue, 01 Oct 2024 13:25:33 -0400 Sentiment: Positive |
| Assessment of Otis Worldwide's Digital Transformation Strategies and Innovation Programs, 2024: Includes Details of Estimated ICT Budgets and Major ICT Contracts Dublin, Oct. 01, 2024 (GLOBE NEWSWIRE) -- The "Enterprise Tech Ecosystem Series: Otis Worldwide Corp 2024" company profile has been added to ResearchAndMarkets.com's offering. Source: GlobeNewsWire Tue, 01 Oct 2024 12:00:00 -0400 Sentiment: Neutral |
| 13 S&P 500 Stocks Soar To All-Time Highs (None Are In The Mag 7) It's not just the S&P 500 itself hitting an all-time high. A surprising group of big stocks are doing the same. Source: Investors Business Daily Fri, 27 Sep 2024 08:00:30 -0400 Sentiment: Positive |
| Why Otis Worldwide (OTIS) is a Top Growth Stock for the Long-Term Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service. Source: Zacks Investment Research Tue, 10 Sep 2024 10:46:04 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 105.39 52 Week Low: 72.1536 Beta: 0.932 50 Day MA: 95.279 200 Day MA: 94.6915 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.133 Qtr Revenue Growth YOY: -0.032 Forward PE: 24.6305 Trailing PE: 29.0559