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- 10/23/2020 -
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Realty Income Corporation (O)

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Summary:
Weekly :Oversold industryTrend support at 61.65
Daily :Bearish Deliberation CandlestickA Parabolic SAR indicator is below and near the pricePrice is near the Fibonacci 38.2% retracement level
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It was a first positive week for the Realty Income Corporation (O). During the week, the O climbed 0.22 points, or 0.36%, and closed at 60.75 on Friday, October 23, 2020. Weekly volume was -54% below average.

O is a member of Retail REITs Industry. Retail REITs is the tenth most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See O long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 14.25 and reached 84.77 on February 20, 2020. O gained -70.52 points, or -494.88%, in 571 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (61.65) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See O medium-term trend chart]
A medium-term uptrend had started on March 19, 2020 at 38.00 and reached 66.80 on September 15, 2020. O gained -28.80 points, or -75.79%, in 25 weeks. The price is now at the 21.01% retracement level.

Weekly Technical Indicators: [See O weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since June 5, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See O short-term trend chart]
A short-term downtrend had started on October 9, 2020 at 64.61 and reached 58.47 on October 21, 2020. O lost 6.14 points, or 9.50%, in 12 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See O daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since October 13, 2020. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

A Parabolic SAR (stop and reversal) indicator (61.19) comes close to the price (60.75). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Candlestick pattern: [See O candlestick chart pattern]
On Friday the chart has formed a Bearish Deliberation Candlestick pattern. This pattern occurs in an uptrend;it appears after a sustained upward move and suggests that the rally is losing strength and a reversal is possible. The reliability of the Bearish Deliberation pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Deliberation Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.26
Williams' Percentage Range (W%R) 64.20
Lane's Stochastic (%D-Slow) 21.96
Greed/Fear Indicator (GFI) 31.35
Moving Average Converg./Diverg. (MACD) -0.43
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.60
Williams' Percentage Range (W%R) 58.50
Lane's Stochastic (%D-Slow) 36.60
Greed/Fear Indicator (GFI) 42.75
Moving Average Converg./Diverg. (MACD) -0.58
Trading Signals
Description Value Chart
Upper Bollinger Band 64.20
50 Day Moving Average 62.08
Yearly Trendline Support 61.65
Weekly Stochastic Crossing 61.59
20 Day Moving Average 61.54
Parabolic System 61.19
Price 60.75
Daily Stochastic Crossing 59.38
Lower Bollinger Band 58.11
Sector and Industry
Description Name Rank
Sector Real Estate 3
Industry Retail REITs 10
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 64.61
High Date 10/09/2020
Low 58.47
Low Date 10/21/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 66.80
High Date 09/15/2020
Low 58.36
Low Date 09/24/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 38.00
Low Date 03/19/2020
High 66.80
High Date 09/15/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 84.77
High Date 02/20/2020
Low 38.00
Low Date 03/19/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 87.69
Support 61.65
Low 14.25
Low Date 03/06/2009
High 84.77
High Date 02/20/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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