The Greedy Trader Weekly Analysis
Sign In Mar 22, 2024
Skip Navigation Links
Share
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Archive
- 3/15/2024 -
Sign In to see current Signals.

Realty Income Corporation (O) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Lane's Stochastic is oversold
Daily :The price has fallen below the Parabolic SARWilliams' Percentage Range is oversoldThe price has declined below the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close together
Move cursor over the icon to see details.

It was the negative week for the Realty Income Corporation (O). During the week, the O dropped -0.72 points, or -1.36%, and closed at 52.19 on Friday, March 15, 2024. Weekly volume was 24% above average.

Long-term trend: [See O long-term trend chart]
A long-term downtrend had started on April 21, 2022 at 75.40 and reached 45.04 on October 30, 2023. O lost 30.36 points, or 40.27%, in 79 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 40.19 and resistance is at 59.72. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See O medium-term trend chart]
A medium-term downtrend had started on January 9, 2024 at 59.83 and reached 50.90 on March 1, 2024. O lost 8.93 points, or 14.93%, in 7 weeks. The price is now at the 14.45% retracement level.

Weekly Technical Indicators: [See O weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since February 23, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 March 11, 2024 at 53.49 and reached 51.04 on March 15, 2024. O lost 2.45 points, or 4.58%, in 4 days. The price is now at the 46.94% retracement level.

Daily Technical Indicators: [See O daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since February 21, 2024. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (2.76%) is close to one year low (3.10%). It is 68.10% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.74
Williams' Percentage Range (W%R) 90.00
Oversold
Lane's Stochastic (%D-Slow) 55.98
Greed/Fear Indicator (GFI) 37.59
Moving Average Converg./Diverg. (MACD) -0.50
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.47
Williams' Percentage Range (W%R) 58.60
Lane's Stochastic (%D-Slow) 14.03
Oversold
Greed/Fear Indicator (GFI) 32.73
Moving Average Converg./Diverg. (MACD) -0.80
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 59.72
50 Day Moving Average 54.26
Upper Bollinger Band 53.34
Parabolic System 53.31
20 Day Moving Average 52.44
Daily Stochastic Crossing 52.24
Price 52.19
Weekly Stochastic Crossing 51.94
Lower Bollinger Band 51.91
Sector and Industry
Description Name Rank
Sector Real Estate 3
Industry Retail REITs 13
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 53.49
High Date 03/11/2024
Low 51.04
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 59.83
High Date 01/09/2024
Low 50.90
Low Date 03/01/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 45.04
Low Date 10/30/2023
High 59.83
High Date 01/09/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 59.72
Support 40.19
High 75.40
High Date 04/21/2022
Low 45.04
Low Date 10/30/2023
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
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.