City Office REIT Technical Analysis (NYSE:CIO)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The City Office REIT stock price data and volume are plotted in CIO stock charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for City Office REIT. The technical analysis form of City Office REIT stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
City Office REIT Moving Average
Moving averages help predict the price direction of CIO stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $12.79 is above the last closing price of $12.27 and the 50 day moving average of $12.8 is above the last closing price of $12.27. The 10 and 20 day periods can predict short term moving average trends.
City Office REIT Bollinger Bands
Bollinger bands comprise of a center line usually CIO SMA, and two CIO stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. City Office REIT bollinger bands show that the stock price is $12.27, upper band is 13.15, lower band is 12.42, and the average is 12.79.
City Office REIT Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The City Office REIT MACD line is below the signal line.
City Office REIT Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 23.53 is the RSI value of CIO stock.