What’s Better: Otter Tail Corporation ($OTTR) or Ocean Power Technologies, Inc. ($OPTT)

2019-08-20 | Welcome! Today we compared how two different stocks in the Electric Utilities: Central industry are trading: Otter Tail Corporation and Ocean Power Technologies, Inc.. While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, Otter Tail Corporation opened at 51.56, got to a maximum price of 51.56 and dropped to as low as 51.05 before finishing the session at 51.24. In total there were 49400 shares traded, which is enough to conduct our analysis. Compare that now to Ocean Power Technologies, Inc., which opened at 1.4, had a high of 1.54, a low of 1.4, closed at 1.49 and had a total volume of 92300.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator Otter Tail Corporation Ocean Power Technologies, Inc.
Accumulation-distribution index 156.2334 4.44714
on-balance volume -51.23 -1.38
chaikin money flow

0.74993 1.0
force index

0.154 0.0016
ease of movement rating

0.00294 0.00076
volume-price trend

0.12668 -0.4338
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator Otter Tail Corporation Ocean Power Technologies, Inc.
Average true range 0.54081 0.19919
Bolinger bands 51.23284 1.41828
Upper bollinger band 50.66716 1.36172
Lower bollinger band

51.05 1.4
Bollinger high band indicator

1.0 1.0
Bollinger high low indicator

1.0 nan
Central keltner channel

51.39 1.44667
High band keltner channel

51.39 1.30667
Low band keltner channel

51.39 1.58667
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

51.05 1.4
Donchain channel low band

51.05 1.4
Donchain channel high band indicator

1.0 1.0
Donchain channel low band indicator

1.0 1.0

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator Otter Tail Corporation Ocean Power Technologies, Inc.
Moving Average Convergence Divergence (MACD) trend_macd -0.00045
MACD signal -0.00249 -0.00025
MACD difference -0.00199 -0.0002
fast Exponential Moving Average (EMA) indicator

51.05 1.4
slow Exponential Moving Average (EMA) indicator

51.05 1.4
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

20.0 20.0
ADX negative

20.0 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

0.26677 0.01587
trix

-0.25449 -24.04118
Mass Index (MI)

1.8 1.0
Commodity Channel Index (CCI)

-66.66667 -66.66667
Detrended Price Oscillator (DPO)

-0.1363 0.81065
KST Oscillator (KST)

2.6771 -366.70325
KST Oscillator (KST Signal)

2.6771 -366.70325
KST difference

-0.98205 -2.26177
Ichimoku rating

51.56 1.47
Ichimoku B rating

51.56 1.47
Ichimoku visual trend A

51.72583 2.2787
Ichimoku visual trend B

51.84559 2.1286
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

-4.0 -4.0

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator Otter Tail Corporation Ocean Power Technologies, Inc.
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 100.0 32.81189
True Strength Index (TSI) 100.0 -100.0
ultimate oscillator

21.0894 -20.87515
stochastic oscillator

50.0 100.0
stochastic oscillator signal

50.0 100.0
Williams %R rating

-50.0 57.14286
awesome oscillator

-0.01213 0.00083

RETURNS: That’s all for technical analysis. Now let’s just list the returns for Otter Tail Corporation and Ocean Power Technologies, Inc..

Daily return 0.26771 -36.67032
Daily log return -0.39254 -1.43887
Cumulative return -0.39177 -1.42857

So there you have it: our deep, grueling analysis comparing Otter Tail Corporation and Ocean Power Technologies, Inc. together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s Otter Tail Corporation:

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether OTTR is strong or weak. Again – this is not a reliable indication of whether Otter Tail Corporation is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with Ocean Power Technologies, Inc.

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Gary Ivenchuck

Gary is a stock trading expert and is responsible for covering technical analysis news on Logistics Business Review. Recently he has been working tirelessly to analyse stocks for our readers, and is always available to hear from people asking for stock analysis.

gary@logistics-business-review.com
Gary Ivenchuck

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