Otis Worldwide (Brazil) Technical Analysis

O1TI34 Stock  BRL 60.80  0.47  0.77%   
As of the 11th of December 2024, Otis Worldwide holds the Risk Adjusted Performance of 0.1504, standard deviation of 1.22, and Downside Deviation of 1.43. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Otis Worldwide, as well as the relationship between them.

Otis Worldwide Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Otis, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Otis
  
Otis Worldwide's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Otis Worldwide technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Otis Worldwide technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Otis Worldwide trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Otis Worldwide Technical Analysis

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The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Otis Worldwide volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Otis Worldwide Trend Analysis

Use this graph to draw trend lines for Otis Worldwide. You can use it to identify possible trend reversals for Otis Worldwide as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Otis Worldwide price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Otis Worldwide Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Otis Worldwide applied against its price change over selected period. The best fit line has a slop of   0.13  , which means Otis Worldwide will continue generating value for investors. It has 122 observation points and a regression sum of squares at 649.32, which is the sum of squared deviations for the predicted Otis Worldwide price change compared to its average price change.

About Otis Worldwide Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Otis Worldwide on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Otis Worldwide based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Otis Worldwide price pattern first instead of the macroeconomic environment surrounding Otis Worldwide. By analyzing Otis Worldwide's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Otis Worldwide's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Otis Worldwide specific price patterns or momentum indicators. Please read more on our technical analysis page.

Otis Worldwide December 11, 2024 Technical Indicators

Most technical analysis of Otis help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Otis from various momentum indicators to cycle indicators. When you analyze Otis charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Otis Worldwide December 11, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Otis stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

Complementary Tools for Otis Stock analysis

When running Otis Worldwide's price analysis, check to measure Otis Worldwide's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Otis Worldwide is operating at the current time. Most of Otis Worldwide's value examination focuses on studying past and present price action to predict the probability of Otis Worldwide's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Otis Worldwide's price. Additionally, you may evaluate how the addition of Otis Worldwide to your portfolios can decrease your overall portfolio volatility.
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