How we can use the (OTIS) price action to our advantage

July 13, 2024, 2:42 PM ET, BY Quentin W. – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for OTIS

• Buy OTIS just above 98.37, target 103.85, stop loss at 98.09 details

The technical summary data tells us to buy OTIS at 98.37 with an upside target of 103.85. This data also tells us to set a stop loss at 98.09 to protect ourselves from excessive losses in case the stock starts to move against the trade. 98.37 is the first support level below 100.21 and any test of the support level is usually a buy signal. In this case, the support at 98.37 is tested, a buy signal would be present.

• Short OTIS just below 103.85, target 98.37, stop loss at 104.15 details

The technical summary data suggests a short of OTIS as it approaches 103.85, with a downside target of 98.37. However, we should place a stop loss at 104.15. 103.85 is the first resistance above 100.21, and any test of resistance is usually a short signal. In this case, a short signal would be present if the 103.85 resistance is tested.

Swing trading plans for OTIS

• Buy OTIS just above 103.85, target nz, stop loss at 103.55 details

If 103.85 starts to rise, the technical summary data tells us to buy OTIS just above 103.85, with an upside target of $n/a. The data also tells us to set a stop loss at 103.55 in case the stock turns against the trade. 103.85 is the first resistance level above 100.21, and any break above resistance is usually a buy signal. In this case, 103.85, the initial resistance, would move higher, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short OTIS just near 103.85, target 99.88, stop loss at 104.15. details

The technical summary data suggests a short of OTIS if it tests 103.85 with a downside target of 99.88. However, we should place a stop loss at 104.15 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance 103.85 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Day trading plans for OTIS

• Buy OTIS just above 101.03, target 103.85, stop loss at 100.79 details

If 101.03 starts to rise, the technical summary data tells us to buy OTIS just above 101.03, with an upside target of 103.85. The data also tells us to set a stop loss at 100.79 in case the stock turns against the trade. 101.03 is the first resistance level above 100.21, and any break above resistance is usually a buy signal. In this case, 101.03, the initial resistance, would move higher, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short OTIS close to 101.03, target 99.88, stop loss at 101.27. details

The technical summary data suggests a short of OTIS if it tests 101.03 with a downside target of 99.88. However, we should set a stop loss at 101.27 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance 101.03 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Check the timestamp of this data. Updated AI-generated signals for Otis Worldwide Corporation (OTIS) available here: OTIS.

OTIS Ratings for July 13:

AI-generated signals for OTIS

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Our task as #Investors is to pay attention to the #stocks we own. Part of that is looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Otis Worldwide Corporation The data table (NASDAQ:OTIS) below can help you with the price trend and we have more details as well. Trading plans for OTIS are also displayed here; these plans are updated in real-time for subscribers for whom this report is static. If you want an update or report on another stock, you can get it here: Unlimited Real-Time Reports.