The Greedy Trader Weekly Analysis
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- 7/5/2024 -
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Realty Income Corporation (O) Technical Analysis

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Summary:
Weekly :Overbought sector
Daily :Daily  MACD line has moved above its signal lineThe price moved above the moving average in the center of the Bollinger BandsThe period of low volatility of the stock pricePrice is close to the 50 Day Moving Average
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It was a first positive week for the Realty Income Corporation (O). During the week, the O climbed 0.27 points, or 0.51%, and closed at 53.09 on Friday, July 5, 2024. It was the best weekly gain since May 31, 2024. Weekly volume was -41% 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 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 36.57 and resistance is at 55.59. 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 uptrend had started on April 17, 2024 at 50.65 and reached 55.74 on May 3, 2024. O gained -5.09 points, or -10.05%, in 2 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 51.23 and resistance is at 53.56. 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 medium-term trend.

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

The weekly MACD line is above its signal line since April 19, 2024. 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 June 4, 2024 at 54.65 and reached 51.81 on July 1, 2024. O lost 2.84 points, or 5.20%, in 27 days. The price is now at the 45.07% retracement level.

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

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 3.62% on Friday. It is 57.83% lower than one year average. It indicates the period of low volatility of the stock price. 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.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.37
Williams' Percentage Range (W%R) 65.60
Lane's Stochastic (%D-Slow) 34.74
Greed/Fear Indicator (GFI) 39.16
Moving Average Converg./Diverg. (MACD) -0.21
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.26
Williams' Percentage Range (W%R) 59.90
Lane's Stochastic (%D-Slow) 45.09
Greed/Fear Indicator (GFI) 44.26
Moving Average Converg./Diverg. (MACD) -0.46
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 55.59
Parabolic System 54.03
Upper Bollinger Band 53.90
50 Day Moving Average 53.60
Monthly Trendline Resistance 53.56
Price 53.09
20 Day Moving Average 52.95
Weekly Stochastic Crossing 52.93
Daily Stochastic Crossing 52.44
Lower Bollinger Band 51.99
Monthly Trendline Support 51.23
Sector and Industry
Description Name Rank
Sector Real Estate 10
Industry Retail REITs 80
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 54.65
High Date 06/04/2024
Low 51.81
Low Date 07/01/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 55.74
High Date 05/03/2024
Low 50.96
Low Date 05/29/2024
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Valid
Resistance 53.56
Support 51.23
Low 50.65
Low Date 04/17/2024
High 55.74
High Date 05/03/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 55.59
Support 36.57
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.