EN
Takip Edin: @UscMarketsOTIS Stock Forecast & Otis Worldwide Corporation Chart Analysis
This article provides a detailed analysis of OTIS-Otis Worldwide Corporation stock including a forecast for OTIS shares. It features Otis Worldwide Corporation technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
OTIS Historical Data Review
OTIS Current Price Performance Analysis
The Otis Worldwide Corporation - OTIS stock traded on the American stock market, on 06-05-2024, closed at 100.78$ with a %1.58 increased compared to the previous day.
In the last month, the price of OTIS changed by %8.26 increased in value, from 93.09 dollars on 05-06-2024 to 100.78 dollars, increased.
Last year, the price of OTIS was 85.52 dollars on 06-06-2023, and changed by %17.84 increased in value, to 100.78 dollars increased within a year.
The price of Otis Worldwide Corporation stock is riding high above the 50-day and 100-day moving averages. This means it's on a positive run for now, great news for those who got in early. But let's not take our eyes off the ball; no stock climbs forever.
OTIS with AI Stock Forecast & Price Target
On the OTIS chart Otis Worldwide Corporation price was recorded as 100.78 Dollars on 06/05/2024.
The artificial intelligence's forecast on OTIS stock is as follows.
The artificial intelligence's prediction error margin for OTIS stock is high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Otis Worldwide Corporation stock over the next 4 months is: 102.8 Dollars.
The commentary on OTIS stock Target Price: Highest: 107.708 Dollars is predicted.
The commentary on OTIS stock Target Price: Lowest: 96.883 Dollars is predicted.
Resistance Price where Otis Worldwide Corporation stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 07-25-2024 | 107.413 |
| 10-23-2024 | 104.997 |
| 12-12-2024 | 107.708 |
Support Price where Otis Worldwide Corporation stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 09-13-2024 | 100.647 |
| 11-07-2024 | 104.162 |
| 03-27-2025 | 96.883 |
The commentary on OTIS stock: Fluctuations in the target price can be expected in the coming days.
The target price for Otis Worldwide Corporation stock by the end of 2024 is predicted to be 105.201 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on OTIS stock, and the 2024 target price predictions for Otis Worldwide Corporation are detailed above.
The technical analysis and charts for the commentary on OTIS stock are below.
OTIS Support & Resistance and Trend Analysis
OTIS stock you have reviewed the technical analysis support resistance charts regarding.
OTIS : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the OTIS review, the Otis Worldwide Corporation support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Otis Worldwide Corporation Support and Resistance Prices:
| OTIS Support Level Price | OTIS Resistance Level Price |
|---|---|
| 83.66 | 87.77 |
| 85.42 | 90.20 |
| 87.22 | 90.40 |
| 87.27 | 91.03 |
| 89.37 | 92.93 |
| 90.57 | 93.83 |
| 94.19 | 97.82 |
| 94.46 | 99.46 |
| 99.57 | |
| 100.35 |
OTIS Technical Analysis: SMA, RSI, MACD
Upon reviewing the OTIS chart, buy and sell signals have been generated in the Otis Worldwide Corporation technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for OTIS stock are as follows:- The technical analysis for OTIS indicates that the 14-period RSI has most recently generated a 'Sell' signal.
- The technical analysis for OTIS indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Buy' signal.
- The technical analysis for Otis Worldwide Corporation issued a 'Buy' signal when the MACD was at 0.506, with the current MACD value being: 0.963
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Otis Worldwide Corporation stock: Click here to read more predictions on Zscaler stock.
Click here for price target predictions and technical analysis charts of other American stocks