CIO - City Office REIT Inc

Exchange: NYSE

CIO - City Office REIT Inc

Exchange: NYSE
#1455()/6981

Fri 20'th Jul 2018

PERIOD 2018-04-23 - 2018-07-20
CHANGE -1.01%
PRICE $12.75
VOLUME
Buy
TREND
Hold

MV LONG
Buy

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

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City Office REIT Inc Stock Analysis

Technical stock analysis for Fri 20'th Jul 2018

Buy candidate since 2018-07-19 Loss -1.01%
Shorts 1.36% ( 2018-06-29 )
Cash 87.0 mill
Loans n/a
Beta 0.16
ROA 5.83

City Office REIT Inc fell by -1.01% in the last day from $12.88 to $12.75 The price has fallen in 7 of the last 10 days and is down by -2.52% for this period. Volume has increased in the last day by 105 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 145 393 shares bought and sold for approximately $1.85 million.

Trend

City Office REIT Inc has broken the strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $12.75. A reaction back to this level may hold a second chance to get out before further falls.

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Signals

City Office REIT Inc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $12.83. On a fall, the stock will find some support from the long-term average at approximately $12.66. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Wednesday July 18, 2018, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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Relative Strength Index (RSI)

RSI14 is 46 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

City Office REIT Inc finds support from accumulated volume at $12.74.

Support: $12.74 Price: $12.75 Resistance: $12.92

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.17 (1.34%) between high and low. For the last week, the stock has had a daily average volatility of 1.58%.

Our recommended stoploss: $12.10 (-5.09%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

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 this stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.

Buy Candidate

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CIO $12.75 $-0.13(-1.01%)
CIO is down $0.13 today, but where's it headed in August?
Zacks Investment Research is releasing its prediction for CIO based on the 1-3 month system that more than doubles the S&P 500.

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