OTTER TAIL CORP. - Daily - Technical analysis published on 01/22/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 51.58 USD
My targets
55.46 USD (+3.47%)
57.43 USD (+7.15%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on OTTER TAIL CORP. as long as the price remains well above 51.58 USD. The buyers” bullish objective is set at 55.46 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 57.43 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
7.7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The OTTER TAIL CORP. rating is 53.60 USD. The price has increased by -0.08% since the last closing and was traded between 53.20 USD and 53.80 USD over the period. The price is currently at +0.75% from its lowest and -0.37% from its highest.53.20
53.80
53.60
Here is a more detailed summary of the historical variations registered by OTTER TAIL CORP.:
Technical
A technical analysis in Daily of this OTTER TAIL CORP. chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 49.33 | 51.58 | 52.85 | 53.60 | 54.34 | 55.46 | 57.43 |
| Change (%) | -7.97% | -3.77% | -1.40% | - | +1.38% | +3.47% | +7.15% |
| Change | -4.27 | -2.02 | -0.75 | - | +0.74 | +1.86 | +3.83 |
| Level | Major | Major | Major | - | Major | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 51.73 | 52.37 | 53.01 | 53.65 | 54.29 | 54.93 | 55.57 |
| Camarilla | 53.29 | 53.41 | 53.52 | 53.64 | 53.76 | 53.88 | 53.99 |
| Woodie | 51.72 | 52.37 | 53.00 | 53.65 | 54.28 | 54.93 | 55.56 |
| Fibonacci | 52.37 | 52.86 | 53.16 | 53.65 | 54.14 | 54.44 | 54.93 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49.81 | 50.84 | 52.24 | 53.27 | 54.67 | 55.70 | 57.10 |
| Camarilla | 52.97 | 53.20 | 53.42 | 53.64 | 53.86 | 54.09 | 54.31 |
| Woodie | 50.00 | 50.93 | 52.43 | 53.36 | 54.86 | 55.79 | 57.29 |
| Fibonacci | 50.84 | 51.77 | 52.34 | 53.27 | 54.20 | 54.77 | 55.70 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 44.30 | 46.44 | 48.87 | 51.01 | 53.44 | 55.58 | 58.01 |
| Camarilla | 50.03 | 50.45 | 50.87 | 51.29 | 51.71 | 52.13 | 52.55 |
| Woodie | 44.44 | 46.51 | 49.01 | 51.08 | 53.58 | 55.65 | 58.15 |
| Fibonacci | 46.44 | 48.19 | 49.27 | 51.01 | 52.76 | 53.84 | 55.58 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 67.79 | |
| MACD (12,26,9): | 0.6400 | |
| Directional Movement: | 23.17 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 52.83 | |
| Parabolic SAR (0,02-0,02-0,2): | 51.42 | |
| Elder Ray (13): | 1.03 | |
| Super Trend (3,10): | 51.30 | |
| Zig ZAG (10): | 53.60 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 86.87 | |
| TEMA (21): | 53.39 | |
| Williams %R (14): | -20.14 | |
| Chande Momentum Oscillator (20): | 1.91 | |
| Repulse (5,40,3): | 1.0600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1200 | |
| Courbe Coppock: | 5.83 |
| MA7: | 52.90 | |
| MA20: | 51.87 | |
| MA50: | 50.65 | |
| MA100: | 52.17 | |
| MAexp7: | 52.98 | |
| MAexp20: | 52.10 | |
| MAexp50: | 51.68 | |
| MAexp100: | 51.73 | |
| Price / MA7: | +1.32% | |
| Price / MA20: | +3.34% | |
| Price / MA50: | +5.82% | |
| Price / MA100: | +2.74% | |
| Price / MAexp7: | +1.17% | |
| Price / MAexp20: | +2.88% | |
| Price / MAexp50: | +3.72% | |
| Price / MAexp100: | +3.61% |
News
The last news published on OTTER TAIL CORP. at the time of the generation of this analysis was as follows:
- Otter Tail Corporation Will Host Conference Call on 2019 Financial Results
- Otter Tail Corporation to Host Earnings Call
- Investor Network: Otter Tail Corporation to Host Earnings Call
- Investor Network: Otter Tail Corporation to Host Earnings Call
-
Otter Tail
This member declared not having a position on this financial instrument or a related financial instrument.
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