CIO stock - City Office REIT Inc

Exchange: NYSE

Fri 16'th Nov 2018

PERIOD 2018-08-17 - 2018-11-16
CHANGE 0.64%
PRICE $11.06
VOLUME
Buy
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Buy
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City Office REIT Inc Stock Analysis

Technical stock analysis for Fri 16'th Nov 2018

Sell candidate since 2018-10-10 Loss -8.75%
Shorts 3.12% ( 2018-10-31 )
Cash n/a
Loans n/a
Beta 0.34
ROA 3.86

City Office REIT Inc gained 0.64% in the last trading day, rising from $10.99 to $11.06 The price has risen in 6 of the last 10 days and is up by 3.75% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 30 411 more shares were traded than the day before. In total, 177 030 shares bought and sold for approximately $1.96 million.

Trend

City Office REIT Inc lies in the middle of a 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 -16.11% during the next 3 months and, with 90% probability hold a price between $8.65 and $9.77 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

A buy signal was issued from a pivot bottom point on Thursday November 15, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. City Office REIT Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $11.17 and $11.56. A break-up above any of these levels will issue buy signals.

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Relative Strength Index (RSI)

RSI14 is 43 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 $10.91.

Support: $10.91 Price: $11.06 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 (1.56%) between high and low. For the last week, the stock has had a daily average volatility of 2.02%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation

City Office REIT Inc holds several negative signals and is within a 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. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.

CIO $11.06 $0.07(0.64%)
CIO is up $0.07 today, but where's it headed in 2019?
Zacks Investment Research is releasing its prediction for CIO based on the 1-3 month system that more than doubles the S&P 500.

Click here – the CIO analysis is free »

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