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Archive
- 10/11/2024 -
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Realty Income Corporation (O) Technical Analysis
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| Summary:
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| | It was the negative week for the Realty Income Corporation (O). During the week, the O gave back -0.26 points, or -0.42%, and closed at 61.75 on Friday, October 11, 2024. Weekly volume was -42% below average.
O is a member of Real Estate Sector. Real Estate is the most overbought sector. 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 downtrend had started on February 20, 2020 at 84.77 and reached 38.00 on March 19, 2020. O lost 46.77 points, or 55.17%, in 4 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 46.89 and resistance is at 64.75. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.
 Medium-term trend: [See O medium-term trend chart]
A medium-term uptrend had started on October 30, 2023 at 45.04 and reached 63.61 on October 1, 2024. O gained -18.57 points, or -41.23%, in 48 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (55.42) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See O weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since April 19, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See O short-term trend chart]
A short-term uptrend had started on April 17, 2024 at 50.65 and reached 63.61 on October 1, 2024. O gained -12.96 points, or -25.59%, in 167 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 53.27 and resistance is at 64.81. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See O daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since August 28, 2024.
Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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