CITY OFFICE REIT INC (CIO) Stock Technical Analysis
NYSE:CIO - New York Stock Exchange, Inc. - US1785871013 - REIT - Currency: USD
Taking everything into account, CIO scores 0 out of 10 in our technical rating. CIO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, CIO is a bad performer in the overall market: 63% of all stocks are doing better.
In the last month CIO has a been trading in the 4.62 - 5.11 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
CIO is an average performer in the Diversified REITs industry, it outperforms 54% of 129 stocks in the same industry.
CIO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CIO is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, CIO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 5.05. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.87, a Stop Loss order could be placed below this zone.
More info and screens
4.16
6.35
4 important support areas can be observed.
- A support zone ranging from 4.82 to 4.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @4.40 from a trend line in the weekly time frame.
- A support zone ranging from 4.31 to 4.31. 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 can see 4 important resistance areas.
- A resistance zone ranging from 5.05 to 5.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.22 from a trend line in the weekly time frame.
- A resistance zone ranging from 5.31 to 5.32. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @6.29 from a horizontal line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for CIO is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CIO is neutral. |
| ChartMill Relative Strength | 37.21 | NEUTRAL | CIO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CIO is above 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) | DOWN | NEGATIVE | The current price of CIO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.8 | 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. |
| Stochastics (14,3) | 54.23 | NEUTRAL | The Stochastics value for CIO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.16 | MEDIUM VOLATILITY | The ATR as a percentage value for CIO suggests some volalility. |
| Average Directional Index/ADX (14) | 9.11 | NEGATIVE | The low ADX value for CIO suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
4.88
-0.06 (-1.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg-1.21%
1 Week2.74%
2 Weeks-1.61%
1 Month-7.05%
3 Month-7.22%
6 Month-15.86%
12 Month-1.01%
2 Year7.73%
3 Year-64.99%
5 Year-47.41%
10 Year-61.6%
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%3.16%
ATR Inc-9.22%
Range Today0.1
ADR(20)0.15
ADR(20)%2.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS37.21
Mansfield-1.08
10 Day High4.98
10 Day Low4.62
20 Day High5.11
20 Day Low4.62
52 Week High6.5
52 Week Low4.19
CS1 End4.87
CR1 Start5.05
Volume & EV
DER(3)1.45%
DER(5)2.16%
Volume109.20K
Volume Incr-28.81%
Vol(5)110.28K
Vol(50)187.36K