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OTIS
Stock ticker: NYSE
AS OF
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Price
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Capitalization
33.33B

OTIS Price Prediction, Otis Worldwide Corp AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for OTIS with price predictions
08:00 PM EDT Sep 26, 2023

OTIS's RSI Indicator remains in oversold zone for 1 day

It is expected that a price bounce should occur soon.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 14 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where OTIS advanced for three days, in of 214 cases, the price rose further within the following month. The odds of a continued upward trend are .

OTIS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 07, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on OTIS as a result. In of 70 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for OTIS turned negative on September 08, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 38 similar instances when the indicator turned negative. In of the 38 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where OTIS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for OTIS entered a downward trend on September 19, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.000) is normal, around the industry mean (11.640). P/E Ratio (24.938) is within average values for comparable stocks, (44.676). Projected Growth (PEG Ratio) (1.684) is also within normal values, averaging (2.003). Dividend Yield (0.016) settles around the average of (0.021) among similar stocks. P/S Ratio (2.396) is also within normal values, averaging (10.674).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. OTIS’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. OTIS’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock worse than average.

A.I. Advisor
published Earnings

OTIS is expected to report earnings to fall 4.38% to 87 cents per share on October 24

Otis Worldwide Corp OTIS Stock Earnings Reports
Q3'23
Est.
$0.88
Q2'23
Beat
by $0.06
Q1'23
Beat
by $0.05
Q4'22
Beat
by $0.02
Q3'22
Beat
by $0.01
The last earnings report on July 26 showed earnings per share of 92 cents, beating the estimate of 86 cents. With 3.14M shares outstanding, the current market capitalization sits at 33.33B.
A.I.Advisor
published Dividends

OTIS paid dividends on September 08, 2023

Otis Worldwide Corp OTIS Stock Dividends
А dividend of $0.34 per share was paid with a record date of September 08, 2023, and an ex-dividend date of August 17, 2023. Read more...
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are General Electric Company (NYSE:GE), Illinois Tool Works (NYSE:ITW), Ingersoll Rand (NYSE:IR), Generac Holdings (NYSE:GNRC).

Industry description

The industry makes and maintains machines for consumers, the industry, and most other companies. While it has traditionally been categorized as heavy industry, some smaller companies are also branching into the light category. The industry is pivotal in providing the equipment for production in businesses like agriculture, mining, industry and construction, gas, electricity and water utilities. It also supplies supporting equipment for almost all sectors of the economy, such as equipment for heating, and air conditioning of buildings. Illinois Tool Works Inc., Parker-Hannifin Corporation and Rockwell Automation Inc are some of the major U.S. companies operating in this industry.

Market Cap

The average market capitalization across the Industrial Machinery Industry is 7.68B. The market cap for tickers in the group ranges from 1.55K to 135.33B. SMAWF holds the highest valuation in this group at 135.33B. The lowest valued company is XEBEF at 1.55K.

High and low price notable news

The average weekly price growth across all stocks in the Industrial Machinery Industry was -1%. For the same Industry, the average monthly price growth was -3%, and the average quarterly price growth was -4%. GWTR experienced the highest price growth at 81%, while MKUL experienced the biggest fall at -63%.

Volume

The average weekly volume growth across all stocks in the Industrial Machinery Industry was 58%. For the same stocks of the Industry, the average monthly volume growth was 79% and the average quarterly volume growth was 19%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 57
P/E Growth Rating: 63
Price Growth Rating: 59
SMR Rating: 65
Profit Risk Rating: 77
Seasonality Score: -12 (-100 ... +100)
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a company, which engages in the manufacture, installation, and provision of escalator and escalator services

Industry IndustrialMachinery

Profile
Fundamentals
Details
Industry
N/A
Address
One Carrier Place
Phone
+1 860 674-3000
Employees
70000
Web
https://www.otis.com
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OTIS and

Correlation & Price change

A.I.dvisor indicates that over the last year, OTIS has been closely correlated with ITT. These tickers have moved in lockstep 79% of the time. This A.I.-generated data suggests there is a high statistical probability that if OTIS jumps, then ITT could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To OTIS
1D Price
Change %
OTIS100%
+0.08%
ITT - OTIS
79%
Closely correlated
+1.89%
AME - OTIS
78%
Closely correlated
-0.27%
DOV - OTIS
78%
Closely correlated
+0.57%
IR - OTIS
77%
Closely correlated
+0.76%
PH - OTIS
76%
Closely correlated
+1.88%
More