Office Properties Income Trust Stock Forecast
Office Properties Income Trust stock price ended at $1.90 on Friday, after gaining 1.06%.
(Updated on Apr 19, 2024)
The Office Properties Income Trust stock price gained 1.06% on the last trading day (Friday, 19th Apr 2024), rising from $1.88 to $1.90. During the last trading day the stock fluctuated 5.14% from a day low at $1.85 to a day high of $1.95. The price has fallen in 6 of the last 10 days but is still up by 2.7% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 169 thousand more shares were traded than the day before. In total, 595 thousand shares were bought and sold for approximately $1.13 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -51.27% during the next 3 months and, with a 90% probability hold a price between $0.712 and $1.12 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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OPI Signals & Forecast
There are mixed signals in the stock today. The Office Properties Income Trust stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $1.96 and $2.06. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 2.70%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Office Properties Income Trust has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Office Properties Income Trust stock
Office Properties Income Trust finds support from accumulated volume at $1.89 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0950 between high and low, or 5.14%. For the last week, the stock has had daily average volatility of 5.82%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (OPI) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Office Properties Income Trust to open at $1.90, and during the day (based on 14 day Average True Range), to move between $1.75 and $2.05, which gives a possible trading interval of +/-$0.145 (+/-7.65%) 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 15.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.89 (0.53%) than the resistance at $1.96 (3.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Office Properties Income Trust stock A Buy?
Office Properties Income Trust holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.990 Sell Candidate Unchanged
Predicted Opening Price for Office Properties Income Trust of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $1.90 ( 0.0877%) | $1.90 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 1.99 | 4.91 % | |
| R2 | 1.96 | 3.00 % | ||
| R1 | 1.93 | 1.82 % | ||
| Current price: | 1.90 | |||
| Support | S1 | 1.86 | -2.00 % | |
| S2 | 1.84 | -3.18 % | ||
| S3 | 1.80 | -5.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.13 | 12.11 % | |
| R2 | 2.03 | 6.84 % | ||
| R1 | 1.96 | 3.16 % | ||
| Current price | 1.90 | |||
| Support | S1 | 1.89 | -0.526% | |
| S2 | 1.88 | -1.05% | ||
| S3 | 1.85 | -2.63% |
OPI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 19, 2024 | May 16, 2024 | $0.0100 | 0.529% |
| 2 | Jan 11, 2024 | Jan 19, 2024 | Feb 15, 2024 | $0.0100 | 0.250% |
| 3 | Oct 12, 2023 | Oct 20, 2023 | Nov 16, 2023 | $0.250 | 4.70% |
| 4 | Jul 13, 2023 | Jul 21, 2023 | Aug 17, 2023 | $0.250 | 3.55% |
| 5 | Apr 13, 2023 | Apr 21, 2023 | May 18, 2023 | $0.250 | 3.79% |
FAQ
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