OFFICE PROPERTIES INCOME TRU (OPI) Stock Technical Analysis
NASDAQ:OPI - Nasdaq - US67623C1099 - REIT - Currency: USD
Taking everything into account, OPI scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. OPI was also a bad performer in the overall market in the last year.
99% of all other stocks performed better in the past year than OPI.
OPI is one of the lesser performing stocks in the Diversified REITs industry. 95% of 130 stocks in the same industry do better.
OPI is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
OPI has an average volume of 1165530 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month OPI has a been trading in the 0.21 - 0.34 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of OPI is bad and it also does not present a quality setup 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
0.22
0.29
2 important support areas can be observed.
- A support zone ranging from 0.26 to 0.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.22 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 0.28 to 0.28. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 0.29 to 0.29. 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 | DOWN | NEGATIVE | The long term trend for OPI is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OPI is up. |
| ChartMill Relative Strength | 1.83 | NEGATIVE | OPI has a low relative strength, it was outperformed by 98.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OPI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of OPI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OPI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.5 | NEUTRAL | The RSI value for OPI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests OPI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 51.42 | NEUTRAL | The Stochastics value for OPI is a neutral value. |
| Average True Range in percent/ATR (20) | 11.63 | HIGH VOLATILITY | The high ATR as a percentage value for OPI suggests high volalility. |
| Average Directional Index/ADX (14) | 24.13 | NEUTRAL | The ADX value for OPI suggests a possible start of a new 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)
0.268
-0.01 (-3.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg-3.56%
1 Week-18.69%
2 Weeks8.5%
1 Month11.71%
3 Month-26.58%
6 Month-70.87%
12 Month-89.06%
2 Year-96.52%
3 Year-98.71%
5 Year-98.93%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%11.63%
ATR Inc-48.51%
Range Today0.02
ADR(20)0.03
ADR(20)%11.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.83
Mansfield-7.78
10 Day High0.34
10 Day Low0.24
20 Day High0.34
20 Day Low0.21
52 Week High3.02
52 Week Low0.18
CS1 End0.26
CR1 Start0.28
Volume & EV
DER(3)-7.51%
DER(5)-7.86%
Volume625.50K
Volume Incr-29.89%
Vol(5)808.80K
Vol(50)1.17M