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Archive
- 11/8/2024 -
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Realty Income Corporation (O) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Realty Income Corporation (O). During the week, the O dropped -1.37 points, or -2.33%, and closed at 57.51 on Friday, November 8, 2024. Weekly volume was 23% above average.
 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 47.04 and resistance is at 64.40. 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 64.88 on October 21, 2024. O gained -19.84 points, or -44.05%, in 51 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (57.57) 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 medium-term trend.
 Weekly Technical Indicators: [See O weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 21, 2024 at 64.88 and reached 56.00 on November 6, 2024. O lost 8.88 points, or 13.69%, in 16 days. The price is now at the 17.00% retracement level.
 Daily Technical Indicators: [See O daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. 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 and Williams' Percentage Range help.
The daily MACD line is below its signal line since October 24, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
The distance between the Bollinger Bands (18.08%) is close to one year high (15.73%). It is 132.06% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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