RSI low/high Values: [ 20 - 70 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ONL
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Orion Office REIT Inc. stock price ended at $4.09 on Tuesday, after losing 0.728%.
(Updated on Jul 23, 2024)

Buy or Hold candidate since Jul 11, 2024 Gain 7.92% PDF

The Orion Office REIT Inc. stock price fell by -0.728% on the last day (Tuesday, 23rd Jul 2024) from $4.12 to $4.09. During the last trading day the stock fluctuated 2.59% from a day low at $4.05 to a day high of $4.16. The price has risen in 6 of the last 10 days and is up by 22.09% over the past 2 weeks. Volume has increased on the last day by 36 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 214 thousand shares were bought and sold for approximately $876.09 thousand.

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 $4.20 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 10.25% during the next 3 months and, with a 90% probability hold a price between $3.76 and $4.63 at the end of this 3-month period.

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ONL Signals & Forecast

The Orion 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 $4.07 and $3.60. 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 Tuesday, July 16, 2024, and so far it has fallen -1.92%. Further fall is indicated until a new bottom pivot has been found. Orion Office REIT Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

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

On the downside, the stock finds support just below today's level from accumulated volume at $3.72 and $3.40. 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, Orion Office REIT Inc. finds support just below today's level at $3.72. If this is broken, then the next support from accumulated volume will be at $3.40 and $3.36.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.105 between high and low, or 2.59%. For the last week, the stock has had daily average volatility of 3.78%.

The Orion Office REIT Inc. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $3.98 (-2.62%) (This stock has high daily movements and this gives high risk. The RSI14 is 71 and this increases the risk substantially. There is a sell signal from a pivot top found 19 days ago.)

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

For the upcoming trading day on Wednesday, 24th we expect Orion Office REIT Inc. to open at $4.10, and during the day (based on 14 day Average True Range), to move between $3.94 and $4.24, which gives a possible trading interval of +/-$0.146 (+/-3.58%) up or down from last closing price. If Orion Office REIT Inc. takes out the full calculated possible swing range there will be an estimated 7.16% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $4.12 (0.73%) than the support at $3.72 (9.05%), 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 Orion 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 Orion Office REIT Inc. stock to perform well in the short-term.

Current score: 3.116 Buy Candidate Unchanged

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

Fair opening price July 24, 2024 Current price
$4.10 ( 0.204%) $4.09

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

Trading levels for ONL

Fibonacci Support & Resistance Levels

Level Price
R3 4.20 2.77%
R2 4.16 1.79%
R1 4.14 1.18%
Price 4.09
S1 4.06 -0.777%
S2 4.03 -1.38%
S3 3.99 -2.36%

Accumulated Volume Support & Resistance Levels

Level Price
R3 4.17 1.96%
R2 4.14 1.22%
R1 4.12 0.733%
Price 4.09
S1 3.72 -9.05%
S2 3.40 -16.87%
S3 3.36 -17.85%

ONL Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 07, 2024 Jun 28, 2024 Jul 15, 2024 $0.100 2.51%
2 Mar 27, 2024 Mar 27, 2024 Apr 15, 2024 $0.100 3.25%
3 Nov 09, 2023 Dec 28, 2023 Jan 16, 2024 $0.100 1.92%
4 Aug 08, 2023 Sep 28, 2023 Oct 16, 2023 $0.100 2.00%
5 May 08, 2023 Jun 29, 2023 Jul 17, 2023 $0.100 1.52%

FAQ

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

Should I buy or sell Orion 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 Orion Office REIT Inc. stock to perform well in the short-term.

How to buy Orion Office REIT Inc. Stock?
Orion 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 Orion Office REIT Inc. Stock.

What's the current price of Orion Office REIT Inc. Stock?
As of the end of day on the Jul 23, 2024, the price of an Orion Office REIT Inc. (ONL) share was $4.09.

What is the 52-week high and low for Orion Office REIT Inc. Stock?
The 52-week high for Orion Office REIT Inc. Stock is $6.78 and the 52-week low is $3.01.

What is the market capitalization of Orion Office REIT Inc. Stock?
As of the Jul 23, 2024, the market capitalization of Orion Office REIT Inc. is 228.508M.

When is the next earnings date for Orion Office REIT Inc.?
The upcoming earnings date for Orion Office REIT Inc. is Aug 08, 2024.
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About Orion Office REIT Inc.

Orion Office REIT. Orion Office REIT specializes in the ownership, acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.S. The portfolio is leased primarily on a single-tenant net lease basis to creditworthy tenants. The company's team of experienced industry leaders employs a proven, cycle-tested investment evaluation framework which serves as the lens th... ONL Profile

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