When the Price of (OTIS) Talks, People Listen
March 24, 2024, 19:14 pm ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for OTIS
- Buy OTIS slightly over 95.46 target n/a stop loss @ 95.18. Details
The technical summary data tells us to buy OTIS near 95.46, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 95.18 to protect against excessive loss in case the stock begins to move against the trade. 95.46 is the first level of support below 99.34, and by rule, any test of support is a buy signal. In this case, if support 95.46 is being tested, a buy signal would exist.
- NONE . Details
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
Swing Trading Plans for OTIS
- Buy OTIS slightly over 100.34, target n/a, Stop Loss @ 100.05 Details
If 100.34 begins to break higher, the technical summary data tells us to buy OTIS just slightly over 100.34, with an upside target of n/a. The data also tells us to set a stop loss @ 100.05 in case the stock turns against the trade. 100.34 is the first level of resistance above 99.34, and by rule, any break above resistance is a buy signal. In this case, 100.34, 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 100.34, target 99.14, Stop Loss @ 100.63. Details
The technical summary data is suggesting a short of OTIS if it tests 100.34 with a downside target of 99.14. We should have a stop loss in place at 100.63 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, 100.34, 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 100.09, target 100.34, Stop Loss @ 99.86 Details
If 100.09 begins to break higher, the technical summary data tells us to buy OTIS just slightly over 100.09, with an upside target of 100.34. The data also tells us to set a stop loss @ 99.86 in case the stock turns against the trade. 100.09 is the first level of resistance above 99.34, and by rule, any break above resistance is a buy signal. In this case, 100.09, 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 100.09, target 99.3, Stop Loss @ 100.32. Details
The technical summary data is suggesting a short of OTIS if it tests 100.09 with a downside target of 99.3. We should have a stop loss in place at 100.32 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, 100.09, 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 March 24:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Neutral |
| P1 |
0 |
0 |
84.72 |
| P2 |
99.3 |
99.14 |
90.1 |
| P3 |
100.09 |
100.34 |
95.46 |
AI Generated Signals for OTIS
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Otis Worldwide Corporation (NASDAQ: OTIS) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for OTIS can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for OTIS:
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