Stock Analysis: Otis Worldwide Corp (OTIS)

Stock Analysis for Otis Worldwide Corp (OTIS)

The Interpreter
Hey Friend, I'm analysing OTIS WORLDWIDE CORP (OTIS), and it is between the Support of $ 95.83 (100% of Fibonacci) and the Resistance of $ 98.77 (PivotR1).

Otis Worldwide Corp (OTIS)

$ 96.81 +0.3%

Last Close 17-May-24

Trade OTIS Now

Supports

Next Support: $ 95.83

Pivot: $ 95.51
Fibonacci 100%: $ 95.83

Resistances

Next Resistance: $ 98.77

Pivot R1: $ 98.77
Fibonacci 138.2%: $ 99.80

Supports and Resistances

Click to Enlarge

Candlesticks, "48-hour" Trade Signals +

Date	Price $	Result %	Candle Name	Side
001 22 Mar 2024	Sell Price: 99.34	Profit: Close Day1 ($ 99.04)	Engulfing	Sell
002 26 Jan 2024	Sell Price: 88.63	Profit: Open Day1 ($ 88.32)	Engulfing	Sell
003 10 Jan 2024	Buy Price: 87.00	Loss: Close Day2 ($ 86.21)	Piercing Line	Buy
004 26 Oct 2023	Buy Price: 75.52	Profit: Close Day1 ($ 76.14)	Abandoned Baby	Buy
005 12 Oct 2023	Sell Price: 80.41	Profit: Close Day1 ($ 80.00)	Engulfing	Sell
006 12 Oct 2023	Sell Price: 80.44	Profit: Close Day1 ($ 80.00)	Dark Cloud Cover	Sell
007 03 Aug 2023	Buy Price: 89.62	Profit: Open Day1 ($ 89.90)	Engulfing	Buy
008 07 Jul 2023	Buy Price: 86.86	Profit: Open Day1 ($ 86.97)	Piercing Line	Buy
009 28 Jun 2023	Sell Price: 87.51	Profit: Open Day1 ($ 87.05)	Dark Cloud Cover	Sell
010 20 Jun 2023	Sell Price: 87.08	Profit: Open Day1 ($ 86.73)	Abandoned Baby	Sell
011 30 May 2023	Sell Price: 81.23	Profit: Open Day1 ($ 80.90)	Engulfing	Sell
012 22 May 2023	Sell Price: 84.08	Profit: Open Day1 ($ 83.29)	Abandoned Baby	Sell
013One Year Average	Both Sides Result for 12 Signals	Profit: $ 3.60 ($ 0.30 / Signal) +4.2% Gross in 1 Year	All of Them	Buy + Sell

Trading Rules for Candlesticks Patterns.

Buy or Sell on the same day of the signal, during the after-hours trading session.
Watch the Opening and Closing of the next 2 days (4 in total).
Immediately exit the Trade when one of them (Open or Close, Day 1 or 2) gives you a profit.
The table above will show the first Profit opportunity, but not in real-time. Therefore, you must watch the market in real-time with your broker.

Remember: The returns an asset made in the past don't mean that future returns will be the same.

Backtest Lab, "Buy The Dip" Trade Signals +

Find The Lastest Buy Signals for OTIS Below.

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The Latest Trade Signals

Moving Averages +

Bought Moving Averages

Sold Moving Averages

Simple Moving Averages (SMA) Period	Value $	Signal	Exponential Moving Averages (EMA) Period	Value $	Signal
2	96.68	BUY	2	96.78	BUY
3	96.87	SELL	3	96.78	BUY
5	96.86	SELL	5	96.62	BUY
8	96.50	BUY	8	96.22	BUY
13	94.95	BUY	13	95.73	BUY
21	94.59	BUY	21	95.49	BUY
34	95.54	BUY	34	95.43	BUY
55	96.44	BUY	55	95.00	BUY
90	93.99	BUY	90	93.71	BUY
200	88.33	BUY	200	90.15	BUY

Company Info +

Name & IPO

Otis Worldwide Corp
IPO: 2020-03-18

Stock Ticker & Exchange

Ticker: OTISIndices: S&P 500,
Exchange: New York Stock Exchange, Inc. (US - USD)

Contact

Website: https://www.otis.com/
Phone:

Stock Type

Common Stock

SIC Office

Manufacturing ()

Industry

Electronic & Other Electrical Equipment (no Computer Equip)

EIN

Fiscal Year End

State of Inc.

Balance Sheets +

in USD millions (if not decimal) - Dictionary

	Year	2021	2020	2019	2018	2017
1	Assets +	12,279	10,710	9,687	3,695	0
2	Cash and Cash Equivalents +	1,565	1,782	1,446	1,329	0
3	Property +	774	774	721	678	0
4	Property +	1,930	1,971	1,803	0	0
5	Intangible Assets +	419	484	490	0	0
6	Finite-Lived Intangible Assets +	412	477	483	0	0
7	Liabilities and Equity +	12,279	10,710	9,687	2,215	2,663
8	Liabilities +	15,263	13,911	7,361	0	0
9	Debt and Lease Obligation +	24	701	34	0	0
10	Temporary Equity +	160	83	95	109	131
11	Redeemable Noncontrolling Interest +	160	83	95	109	131
12	Stockholders' Equity +	-3,144	-3,284	2,231	2,106	2,532
13	Stockholders' Equity Attributable to Parent +	-3,625	-3,832	1,700	0	0
14	Stockholders' Equity +	0.02	0.02	0.01	0	0
15	Preferred Stock +	0.01	0.01	0.01	0	0
16	Common Stock +	0.01	0.01	0	0	0
17	Partners' Capital +	-2,256	-3,076	-758	0	0
18	Partners' Capital +	-2,256	-3,076	-758	0	0
19	Limited Liability Company (LLC) Members' Equity +	-3,019	-3,891	-758	0	0
20	Limited Liability Company (LLC) Members' Equity +	-3,019	-3,891	-758	0	0
21	Current Assets +	8,261	6,493	5,658	0	0
22	Cash +	1,910	17	0	0	0
23	Current Receivables +	109	104	108	0	0
24	Inventory +	622	659	571	0	0
25	Current Contract with Customer +	550	458	529	0	0
26	Long-Term Assets +	2,825	2,959	2,818	1,688	0
27	Long-Term Restricted Cash and Investments +	2	2	0	0	0
28	Current Liabilities +	6,247	6,673	5,374	0	0
29	Long-Term Liabilities +	8,458	6,823	1,397	0	0
30	Increase (Decrease) in Stockholders' Equity [Roll Forward] +	-725	0	0	0	0
31	Treasury Stock Transactions +	-725	0	0	0	0
32	Treasury Stock +	-725	0	0	0	0
33	Current Other Assets +	382	446	251	0	0
34	Total Current Assets +	8,261	6,493	5,658	0	0
35	Operating Lease +	526	542	535	0	0
36	Goodwill +	1,667	1,773	1,647	1,688	0
37	Long-Term Other Assets +	297	310	263	0	0
38	Long-Term Regulated Entity +	51	43	0	0	0
39	Deferred Income Tax Assets +	335	334	636	0	0
40	Total Assets +	12,279	10,710	9,687	0	0
41	Total Liabilities +	15,263	13,911	7,361	0	0
42	Stockholders' Equity Attributable to Noncontrolling Interest +	481	548	531	0	0
43	Total Stockholders' Equity +	-3,144	-3,284	2,231	2,106	2,532
44	Total Liabilities and Equity +	12,279	10,710	9,687	0	0

Income Statement +

in USD millions (if not decimal) - Dictionary

	Year	2021	2020	2019	2018
1	Total Gross Profit +	0	1,012	966	0
2	Total Research and Development Expense +	159	152	163	181
3	Operating Lease +	147	186	191	0
4	Total Selling-General and Administrative Expense +	1,948	1,924	1,810	1,735
5	Gain (Loss) on Disposition of Business +	0	0	-26	0
6	Total Operating Income (Loss) +	2,108	1,639	1,814	1,835
7	Foreign Currency Transaction Gain (Loss) +	0	0	46	0
8	Net Periodic Defined Benefits Expense (Reversal of Expense) +	-11	-6	79	44
9	Interest Expense +	136	124	0	0
10	Total Income (Loss) from Continuing Operations before Income Taxes +	1,961	1,511	1,861	1,893
11	Income Tax Expense (Benefit) +	-541	-455	-594	-683
12	Total Net Income (Loss) +	1,420	1,056	1,267	1,210
13	Total Net Income (Loss) Attributable to Redeemable Noncontrolling Interest +	0	0	13	0
14	Total Net Income (Loss) Attributable to Noncontrolling Interest +	-174	-150	-151	-161
15	Total Net Income (Loss) Attributable to Parent +	1,246	906	1,116	1,049
16	Temporary Equity Dividends +	11	9	17	0
17	Total Net Income (Loss) Available to Common Stockholders +	1,246	906	1,103	0
18	Total Earnings Per Share +	2.91	2.09	2.58	2.42
19	Total Earnings Per Share +	2.89	2.08	2.58	2.42
20	Common Stock Dividends +	0.92	0.60	0	0

Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.