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Uptrend Broken SupportArchive
- 4/26/2024 -
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Realty Income Corporation (O) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the Realty Income Corporation (O). During the week, the O gained 0.67 points, or 1.26%, and closed at 53.71 on Friday, April 26, 2024. O was trading at average weekly trading volume.
 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 Falling Channel chart pattern. The trend support level is at 41.78 and resistance is at 56.65. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel 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 50.65 on April 17, 2024. O lost 9.18 points, or 15.34%, in 14 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (50.60) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. O may retest the broken resistance line. It is considered to be a support 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 resistance 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 above its signal line. Such crossover is considered a bullish signal. 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 54.20 on April 26, 2024. O gained -3.55 points, or -7.01%, in 9 days. The price is now at the 13.80% retracement level.
 Daily Technical Indicators: [See O daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily 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 and Williams' Percentage Range help.
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 risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
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