CITY OFFICE REIT INC (CIO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CIO - US1785871013 - REIT
Taking everything into account, CIO scores 5 out of 10 in our technical rating. In the last year, CIO was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
CIO has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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4.16
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.79 to 6.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.20 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 6.98 to 7.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CIO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CIO is up. |
| ChartMill Relative Strength | 78.61 | POSITIVE | CIO has a high relative strength, it outperformed 78.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CIO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CIO is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CIO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.89 | NEUTRAL | The RSI value for CIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CIO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.21 | OVERBOUGHT | The high Stochastics value suggests CIO may be overbought. |
| Average True Range in percent/ATR (20) | 0.4 | LOW VOLATILITY | The low ATR as a percentage value for CIO suggests low volalility. |
| Average Directional Index/ADX (14) | 27.05 | POSITIVE | The high ADX value value for CIO suggests a strong trend. |
6.97
+0.01 (+0.14%)
CITY OFFICE REIT INC / CIO FAQ
What is the technical rating for CIO stock?
ChartMill assigns a technical rating of 5 / 10 to CIO.
Can you provide the trend direction for CITY OFFICE REIT INC?
The current trend direction for CITY OFFICE REIT INC (CIO) is Bullish.
What is the RSI signal for CITY OFFICE REIT INC (CIO) stock?
CITY OFFICE REIT INC (CIO) has an RSI value of 66.8938. This indicates that the stock is currently neutral.
What is the short term momentum for CIO stock?
The short term momentum for CITY OFFICE REIT INC (CIO) is positive.
What is the buy/sell signal for CIO stock?
The buy/sell signal for CITY OFFICE REIT INC (CIO) is buy as both the short term and long term trends are positive.