Otis Worldwide Corporation is an elevator and escalator manufacturing, installation and service company. Co.'s segments include New Equipment and Service. The New Equipment segment designs, manufactures, sell and installs a range of passenger and freight elevators, and escalators and moving walkways for residential, commercial and infrastructure projects. Its elevator and escalator solutions include Gen2, Gen3, Gen360 and SkyRise. Through its Service segment, it performs maintenance and repair services, and modernization services to upgrade elevators and escalators.
When researching a stock like Otis Worldwide, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from OTIS Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for OTIS stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the OTIS 200 day moving average ("OTIS 200 DMA"), while one of the most popular "shorter look-backs" is the OTIS 50 day moving average ("OTIS 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Otis Worldwide. |
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Video: Technical Analysis