Fri 16'th Nov 2018
City Office REIT Inc Stock Analysis
Technical stock analysis for Fri 16'th Nov 2018
|Shorts||3.12% ( 2018-10-31 )|
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.
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.
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.
Relative Strength Index (RSI)
RSI14 is 43 and the stock is currently not being overbought or oversold
Support & Resistance
City Office REIT Inc finds support from accumulated volume at $10.91.
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.
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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%)|
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