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Archive
- 4/5/2024 -
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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 -1.09 points, or -2.01%, and closed at 53.01 on Friday, April 5, 2024. It was the worst weekly loss since February 9, 2024. Weekly volume was -19% below average.
O is a member of Real Estate Sector. Real Estate is the second most oversold 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 Falling Channel chart pattern. The trend support level is at 42.36 and resistance is at 57.23. 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 50.90 on March 1, 2024. O lost 8.93 points, or 14.93%, in 7 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See O weekly technical indicators chart]
Weekly technical indicators are neutral.
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 and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 March 15, 2024 at 51.04 and reached 54.20 on March 28, 2024. O gained -3.16 points, or -6.19%, in 13 days. Price is near the Fibonacci 38.2% retracement level.
Daily Technical Indicators: [See O daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since February 21, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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.
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.
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