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Downtrend ExhaustionArchive
- 12/13/2024 -
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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 -0.83 points, or -1.48%, and closed at 55.34 on Friday, December 13, 2024. Weekly volume was -22% below 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 47.23 and resistance is at 63.99. 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 uptrend support line (58.73) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. O may retest the broken support line. It is considered to be a resistance line now. 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 support in a medium-term trend.
 Weekly Technical Indicators: [See O weekly technical indicators chart]
Weekly 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 weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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 weekly MACD line is below its signal line since November 1, 2024. The distance between MACD and the signal line is relatively high and getting bigger. 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 November 27, 2024 at 58.78 and reached 54.76 on December 13, 2024. O lost 4.02 points, or 6.84%, in 16 days. The price is now at the 14.43% 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 MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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