RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CIO
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City Office REIT Inc stock price up 3.91% on Tuesday
(Updated on Jul 23, 2024)

Buy or Hold candidate since Jul 08, 2024 Gain 13.62% PDF

The City Office REIT Inc stock price gained 3.91% on the last trading day (Tuesday, 23rd Jul 2024), rising from $5.62 to $5.84. During the last trading day the stock fluctuated 5.71% from a day low at $5.60 to a day high of $5.92. The price has risen in 6 of the last 10 days and is up by 16.1% over the past 2 weeks. Volume fell on the last day by -28 thousand shares and in total, 129 thousand shares were bought and sold for approximately $753.03 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $5.91 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 12.31% during the next 3 months and, with a 90% probability hold a price between $5.60 and $6.64 at the end of this 3-month period.

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CIO Signals & Forecast

The City Office REIT Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $5.60 and $5.09. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, July 17, 2024, and so far it has fallen -0.511%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for City Office REIT Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $5.20 and $5.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, City Office REIT Inc finds support just below today's level at $5.20. If this is broken, then the next support from accumulated volume will be at $5.00 and $4.71.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.320 between high and low, or 5.71%. For the last week the stock has had daily average volatility of 4.77%.

Our recommended stop-loss: $5.65 (-3.21%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 27 days ago.)

Trading Expectations (CIO) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect City Office REIT Inc to open at $5.79, and during the day (based on 14 day Average True Range), to move between $5.62 and $6.06, which gives a possible trading interval of +/-$0.224 (+/-3.83%) up or down from last closing price. If City Office REIT Inc takes out the full calculated possible swing range there will be an estimated 7.65% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $5.87 (0.51%) than the support at $5.20 (10.96%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is City Office REIT Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for City Office REIT Inc stock to perform well in the short-term.

Current score: 4.298 Buy Candidate Unchanged

Predicted Opening Price for City Office REIT Inc of Wednesday, July 24, 2024

Fair opening price July 24, 2024 Current price
$5.79 ( 0.91%) $5.84

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for CIO

Fibonacci Support & Resistance Levels

Level Price
R3 6.11 4.57%
R2 5.98 2.47%
R1 5.91 1.18%
Price 5.84
S1 5.66 -3.01%
S2 5.59 -4.30%
S3 5.47 -6.39%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 5.87 0.514%
Price 5.84
S1 5.20 -10.96%
S2 5.00 -14.38%
S3 4.71 -19.35%

CIO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 14, 2024 Jul 10, 2024 Jul 24, 2024 $0.100 1.72%
2 Apr 09, 2024 Apr 09, 2024 Apr 24, 2024 $0.100 2.19%
3 Dec 15, 2023 Jan 09, 2024 Jan 24, 2024 $0.100 1.83%
4 Sep 15, 2023 Oct 06, 2023 Oct 24, 2023 $0.100 2.72%
5 May 05, 2023 Jul 06, 2023 Jul 21, 2023 $0.100 1.81%

FAQ

What is the symbol for City Office REIT Inc Stock and on which exchange is it traded?
The symbol for City Office REIT Inc is CIO and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell City Office REIT Inc Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for City Office REIT Inc stock to perform well in the short-term.

How to buy City Office REIT Inc Stock?
City Office REIT Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy City Office REIT Inc Stock.

What's the current price of City Office REIT Inc Stock?
As of the end of day on the Jul 23, 2024, the price of an City Office REIT Inc (CIO) share was $5.84.

What is the 52-week high and low for City Office REIT Inc Stock?
The 52-week high for City Office REIT Inc Stock is $6.71 and the 52-week low is $3.46.

What is the market capitalization of City Office REIT Inc Stock?
As of the Jul 23, 2024, the market capitalization of City Office REIT Inc is 225.666M.

When is the next earnings date for City Office REIT Inc?
The upcoming earnings date for City Office REIT Inc is Aug 01, 2024.
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About City Office REIT Inc

City Office REIT City Office REIT, Inc. (NYSE: CIO) invests in high-quality office properties in 18-hour cities with strong economic fundamentals, primarily in the Southern and Western United States. At September 30, 2020, CIO owned office complexes comprising 5.8 million square feet of net rentable area (“NRA”).... CIO Profile

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