(OTIS) Pivots Trading Plans and Risk Controls

Longer Term Trading Plans for OTIS

• Buy OTIS near 93.12 target 98.92 stop loss @ 92.85 Details

The technical summary data tells us to buy OTIS near 93.12 with an upside target of 98.92. This data also tells us to set a stop loss @ 92.85 to protect against excessive loss in case the stock begins to move against the trade. 93.12 is the first level of support below 98.52 , and by rule, any test of support is a buy signal. In this case, support 93.12 would be being tested, so a buy signal would exist.

• Short OTIS slightly under 98.92, target 93.12, stop loss @ 99.21 Details

The technical summary data is suggesting a short of OTIS as it gets near 98.92 with a downside target of 93.12. We should have a stop loss in place at 99.21though. 98.92 is the first level of resistance above 98.52, and by rule, any test of resistance is a short signal. In this case, if resistance 98.92 is being tested, so a short signal would exist.

Swing Trading Plans for OTIS

• Buy OTIS slightly over 98.92, target 104.95, Stop Loss @ 98.63 Details

If 98.92 begins to break higher, the technical summary data tells us to buy OTIS just slightly over 98.92, with an upside target of 104.95. The data also tells us to set a stop loss @ 98.63 in case the stock turns against the trade. 98.92 is the first level of resistance above 98.52, and by rule, any break above resistance is a buy signal. In this case, 98.92, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short OTIS slightly near 98.92, target 93.12, Stop Loss @ 99.21. Details

The technical summary data is suggesting a short of OTIS if it tests 98.92 with a downside target of 93.12. We should have a stop loss in place at 99.21 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 98.92, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for OTIS

• Buy OTIS slightly over 98.92, target 101.07, Stop Loss @ 98.69 Details

If 98.92 begins to break higher, the technical summary data tells us to buy OTIS just slightly over 98.92, with an upside target of 101.07. The data also tells us to set a stop loss @ 98.69 in case the stock turns against the trade. 98.92 is the first level of resistance above 98.52, and by rule, any break above resistance is a buy signal. In this case, 98.92, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short OTIS slightly near 98.92, target 98.25, Stop Loss @ 99.15. Details

The technical summary data is suggesting a short of OTIS if it tests 98.92 with a downside target of 98.25. We should have a stop loss in place at 99.15 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 98.92, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Otis Worldwide Corporation (OTIS) available here: OTIS.

OTIS Ratings for April 18:

Term →	Near	Mid	Long
Rating	Strong	Weak	Neutral
P1	0	0	93.12
P2	98.25	90.2	98.92
P3	101.07	98.84	104.95

AI Generated Signals for OTIS

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