CITY OFFICE REIT INC (CIO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CIO - US1785871013 - REIT
We assign a technical rating of 2 out of 10 to CIO. In the last year, CIO was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
CIO has a poor technical rating and the quality of the setup is also only medium 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.
More info and screens
4.16
We found 2 important support areas.
- 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.
We found 1 important resistance area.
- A resistance zone ranging from 6.82 to 7.00. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The short term trend for CIO is down. |
| ChartMill Relative Strength | 73.93 | POSITIVE | CIO has a high relative strength, it outperformed 73.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CIO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CIO is below 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) | 32.22 | NEUTRAL | The RSI value for CIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CIO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.86 | OVERSOLD | The low Stochastics value suggests CIO may be oversold. |
| Average True Range in percent/ATR (20) | 0.49 | LOW VOLATILITY | The low ATR as a percentage value for CIO suggests low volalility. |
| Average Directional Index/ADX (14) | 36.31 | POSITIVE | The high ADX value value for CIO suggests a strong trend. |
6.81
+0.01 (+0.15%)
CITY OFFICE REIT INC / CIO FAQ
What is the technical rating for CIO stock?
ChartMill assigns a technical rating of 2 / 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 32.2246. 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 negative.
What is the buy/sell signal for CIO stock?
The buy/sell signal for CITY OFFICE REIT INC (CIO) is hold as the short term and long term trends are mixed.