RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of OPI
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Red day on Tuesday for Office Properties Income Trust
(Updated on Jul 23, 2024)

Buy or Hold candidate since Jul 11, 2024 Gain 19.38% PDF

The Office Properties Income Trust stock price fell by -2.17% on the last day (Tuesday, 23rd Jul 2024) from $2.77 to $2.71. During the last trading day the stock fluctuated 6.98% from a day low at $2.58 to a day high of $2.76. The price has risen in 7 of the last 10 days and is up by 39.69% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -420 thousand shares and in total, 495 thousand shares were bought and sold for approximately $1.34 million.

The stockis at the upper part of a very wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $2.90 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Office Properties Income Trust stock with a 90% probability to be traded between $1.91 and $2.94 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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OPI Signals & Forecast

The Office Properties Income Trust 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 $2.56 and $2.24. 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 Monday, July 22, 2024, and so far it has fallen -2.17%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Office Properties Income Trust stock

On the downside, the stock finds support just below today's level from accumulated volume at $2.56 and $2.24. 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, Office Properties Income Trust finds support just below today's level at $2.56. If this is broken, then the next support from accumulated volume will be at $2.24 and $2.04.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.180 between high and low, or 6.98%. For the last week the stock has had daily average volatility of 8.81%.

The Office Properties Income Trust 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: $2.61 (-3.64%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 79 and this increases the risk substantially. There is a sell signal from a pivot top found 15 days ago.)

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

For the upcoming trading day on Wednesday, 24th we expect Office Properties Income Trust to open at $2.68, and during the day (based on 14 day Average True Range), to move between $2.54 and $2.88, which gives a possible trading interval of +/-$0.172 (+/-6.36%) up or down from last closing price. If Office Properties Income Trust takes out the full calculated possible swing range there will be an estimated 12.73% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $2.76 (1.85%) than the support at $2.56 (5.54%), 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.

Earnings coming up

Office Properties Income Trust will release earnings AMC on Wednesday, July 31, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.640. We will update the financials statements for Office Properties Income Trust, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.91% in the first trading day after earnings release.

Is Office Properties Income Trust stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Office Properties Income Trust stock to perform well in the short-term period.

Current score: 3.331 Buy Candidate Unchanged

Predicted Opening Price for Office Properties Income Trust of Wednesday, July 24, 2024

Fair opening price July 24, 2024 Current price
$2.68 ( 0.98%) $2.71

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

Trading levels for OPI

Fibonacci Support & Resistance Levels

Level Price
R3 2.86 5.66%
R2 2.79 3.12%
R1 2.75 1.55%
Price 2.71
S1 2.61 -3.52%
S2 2.57 -5.09%
S3 2.50 -7.63%

Accumulated Volume Support & Resistance Levels

Level Price
R3 2.87 5.90%
R2 2.77 2.21%
R1 2.76 1.85%
Price 2.71
S1 2.56 -5.54%
S2 2.24 -17.34%
S3 2.04 -24.72%

OPI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 11, 2024 Jul 22, 2024 Aug 15, 2024 $0.0100 0.369%
2 Apr 11, 2024 Apr 19, 2024 May 16, 2024 $0.0100 0.435%
3 Jan 11, 2024 Jan 19, 2024 Feb 15, 2024 $0.0100 0.250%
4 Oct 12, 2023 Oct 20, 2023 Nov 16, 2023 $0.250 4.70%
5 Jul 13, 2023 Jul 21, 2023 Aug 17, 2023 $0.250 3.55%

FAQ

What is the symbol for Office Properties Income Trust Stock and on which exchange is it traded?
The symbol for Office Properties Income Trust is OPI and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Office Properties Income Trust Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Office Properties Income Trust stock to perform well in the short-term period.

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

What's the current price of Office Properties Income Trust Stock?
As of the end of day on the Jul 23, 2024, the price of an Office Properties Income Trust (OPI) share was $2.71.

What is the 52-week high and low for Office Properties Income Trust Stock?
The 52-week high for Office Properties Income Trust Stock is $8.11 and the 52-week low is $1.81.

What is the market capitalization of Office Properties Income Trust Stock?
As of the Jul 23, 2024, the market capitalization of Office Properties Income Trust is 135.925M.

When is the next earnings date for Office Properties Income Trust?
The upcoming earnings date for Office Properties Income Trust is Jul 31, 2024.
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About Office Properties Income Trust

OPI is a REIT focused on owning, operating and leasing properties primarily leased to single tenants and those with high credit quality characteristics such as government entities. OPI is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, Massachusetts.... OPI Profile

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