City Office REIT Inc (CIO) Technical Analysis
NYSE:CIO • US1785871013
Overall CIO gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CIO is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that CIO is one of the better performing stocks in the market, outperforming 81% of all stocks.
- CIO is one of the better performing stocks in the Diversified REITs industry, it outperforms 90% of 122 stocks in the same industry.
- CIO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month CIO has a been trading in a tight range between 6.94 and 7.00.
- Volume is considerably higher in the last couple of days.
CIO has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 7.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.98, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
4.16
We found 3 important support areas.
- A support zone ranging from 6.91 to 6.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.79 to 6.80. This zone is formed by a combination of multiple trend lines 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 7.00 to 7.01. 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 | 81.13 | POSITIVE | CIO has a high relative strength, it outperformed 81.13% 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) | UP | POSITIVE | The current price of CIO is above the rising 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) | 64.45 | 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) | 93.33 | OVERBOUGHT | The high Stochastics value suggests CIO may be overbought. |
| Average True Range in percent/ATR (20) | 0.19 | LOW VOLATILITY | The low ATR as a percentage value for CIO suggests low volalility. |
| Average Directional Index/ADX (14) | 32.15 | POSITIVE | The high ADX value value for CIO suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 7.02 | 6.95 | 0.07 (1.07%) | 25.00% |
| An entry @7.02. This is a Buy Stop order right above the resistance zone. | An exit @6.95. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.07 points, which is 1.07%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.27%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
CIO Technicals: Chart, Performance Metrics, Trend & Indicators
6.99
-0.01 (-0.14%)
City Office REIT Inc / CIO FAQ
What is the technical rating for CIO stock?
ChartMill assigns a technical rating of 9 / 10 to CIO.
What is the current trend direction of City Office REIT Inc (CIO) stock?
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 64.4478. This indicates that the stock is currently neutral.
What is the short term momentum for City Office REIT Inc (CIO) stock?
The short term momentum for City Office REIT Inc (CIO) is positive.
What are the support and resistance levels for City Office REIT Inc (CIO) stock?
City Office REIT Inc (CIO) has a support level at 6.98 and a resistance level at 7. Check the full technical report for our detailed analysis of CIO support and resistance levels.