CITY OFFICE REIT INC (CIO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CIO - US1785871013 - REIT
Overall CIO gets a technical rating of 6 out of 10. Although CIO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, CIO does present a nice setup opportunity. 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 6.95. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.92, a Stop Loss order could be placed below this zone.
More info and screens
4.16
We found 2 important support areas.
- A support zone ranging from 6.79 to 6.92. 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 6.95 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 | UP | POSITIVE | The short term trend for CIO is up. |
| ChartMill Relative Strength | 78.58 | POSITIVE | CIO has a high relative strength, it outperformed 78.58% 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) | 61.85 | NEUTRAL | The RSI value for CIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CIO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.08 | OVERBOUGHT | The high Stochastics value suggests CIO may be overbought. |
| Average True Range in percent/ATR (20) | 0.45 | LOW VOLATILITY | The low ATR as a percentage value for CIO suggests low volalility. |
| Average Directional Index/ADX (14) | 27.18 | 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 |
|---|---|---|---|
| 6.97 | 6.93 | 0.04 (0.60%) | 25.00% |
| An entry @6.97. This is a Buy Stop order right above the 10 day high. | An exit @6.93. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.04 points, which is 0.60%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.15%. |
- 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.
6.95
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CITY OFFICE REIT INC / CIO FAQ
What is the technical rating for CIO stock?
ChartMill assigns a technical rating of 6 / 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 61.8517. 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.