Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

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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Weaker technical forecast for Office Properties Income Trust as stock downgraded to Strong Sell Candidate.
(Updated on Mar 28, 2024)

Sell candidate since Feb 15, 2024 Loss -49.00% PDF

The Office Properties Income Trust stock price fell by -2.39% on the last day (Thursday, 28th Mar 2024) from $2.09 to $2.04. During the last trading day the stock fluctuated 6.72% from a day low at $2.01 to a day high of $2.15. The price has been going up and down for this period, and there has been a 4.08% gain for the last 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 -163 thousand shares and in total, 922 thousand shares were bought and sold for approximately $1.88 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 -56.81% during the next 3 months and, with a 90% probability hold a price between $0.451 and $1.37 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 $2.08 and $2.68. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 5.70%. 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).

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

Office Properties Income Trust finds support from accumulated volume at $2.03 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.135 between high and low, or 6.72%. For the last week, the stock has had daily average volatility of 8.39%.

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 1st

For the upcoming trading day on Monday, 1st we expect Office Properties Income Trust to open at $2.07, and during the day (based on 14 day Average True Range), to move between $1.86 and $2.22, which gives a possible trading interval of +/-$0.182 (+/-8.94%) 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 17.88% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.03 (0.49%) than the resistance at $2.09 (2.45%), 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.632 Strong Sell Candidate Downgraded

Predicted Opening Price for Office Properties Income Trust of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$2.07 ( 1.23%) $2.04

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 2.20 7.84 %
R2 2.15 5.32 %
R1 2.12 3.75 %
Current price: 2.04
Support S1 2.01 -1.30 %
S2 1.98 -2.86 %
S3 1.93 -5.39 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2.47 21.08 %
R2 2.13 4.41 %
R1 2.09 2.45 %
Current price 2.04
Support S1 2.03 -0.490%
S2 1.97 -3.43%
S3 1.96 -3.92%

OPI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 11, 2024 Jan 19, 2024 Feb 15, 2024 $0.0100 0.250%
2 Oct 12, 2023 Oct 20, 2023 Nov 16, 2023 $0.250 4.70%
3 Jul 13, 2023 Jul 21, 2023 Aug 17, 2023 $0.250 3.55%
4 Apr 13, 2023 Apr 21, 2023 May 18, 2023 $0.250 3.79%
5 Jan 12, 2023 Jan 20, 2023 Feb 16, 2023 $0.550 3.13%

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?
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

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 2024-03-28, the price of an Office Properties Income Trust (OPI) share was $2.04.

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 $12.74 and the 52-week low is $1.91.

What is the market capitalization of Office Properties Income Trust Stock?
As of the 2024-03-28, the market capitalization of Office Properties Income Trust is 99.459M.

When is the next earnings date for Office Properties Income Trust?
The upcoming earnings date for Office Properties Income Trust is Apr 24, 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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