Office Properties Income Trust Stock Forecast
Office Properties Income Trust stock price ended at $1.89 on Wednesday, after losing 1.05%.
(Updated on Apr 17, 2024)
The Office Properties Income Trust stock price fell by -1.05% on the last day (Wednesday, 17th Apr 2024) from $1.91 to $1.89. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 4.86% from a day low at $1.85 to a day high of $1.94. The price has fallen in 7 of the last 10 days and is down by -1.05% for this period. Volume has increased on the last day by 10 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, 662 thousand shares were bought and sold for approximately $1.25 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 -50.45% during the next 3 months and, with a 90% probability hold a price between $0.763 and $1.17 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.
OPI Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 2.16%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $2.00 and $2.11. A break-up above any of these levels will issue buy signals. Office Properties Income Trust 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 Office Properties Income Trust stock
Office Properties Income Trust finds support from accumulated volume at $1.85 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 $0.0900 between high and low, or 4.86%. For the last week, the stock has had daily average volatility of 7.81%.
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 Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Office Properties Income Trust to open at $1.89, and during the day (based on 14 day Average True Range), to move between $1.74 and $2.04, which gives a possible trading interval of +/-$0.152 (+/-8.04%) 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 16.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.85 (2.12%) than the resistance at $1.96 (3.70%), 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 is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.042 Sell Candidate Unchanged
Predicted Opening Price for Office Properties Income Trust of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $1.89 ( 0.176%) | $1.89 |
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 | 1.98 | 4.94 % | |
| R2 | 1.95 | 3.12 % | ||
| R1 | 1.93 | 2.00 % | ||
| Current price: | 1.89 | |||
| Support | S1 | 1.86 | -1.64 % | |
| S2 | 1.84 | -2.77 % | ||
| S3 | 1.80 | -4.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.13 | 12.70 % | |
| R2 | 2.03 | 7.41 % | ||
| R1 | 1.96 | 3.70 % | ||
| Current price | 1.89 | |||
| Support | S1 | 1.85 | -2.12% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
OPI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 19, 2024 | May 16, 2024 | $0.0100 | 0.532% |
| 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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