Otis Worldwide Corporation (OTIS)

Otis Worldwide Corporation is trading at $75.60, up 4.49% on the session. The 50 day average sits at $69.35 and the 200 day at $77.06, which puts the stock in a downtrend. RSI is at 65, which reads as strong, and MACD is bullish crossover. Volume is average.

The nearest support is around $70.63 with resistance near $71.67, so that band frames the current range. Average daily movement is roughly $1.43, or about 1.9% of the share price, which is what any stop placement has to allow for. The overall health score of 58 out of 100 combines a trend score of 27, momentum of 79 and a risk score of 79.

Otis Worldwide Corporation engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally. The company operates in two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects. This segment serves real-estate and building developers, and general contractors. It sells its products directly to customers, as well as through agents and distributors. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. Otis Worldwide Corporation was founded in 1853 and is headquartered in Farmington, Connecticut.