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Advanced TA SearchArchive
- 4/19/2024 -
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Realty Income Corporation (O) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Realty Income Corporation (O). During the week, the O gained 1.02 points, or 1.96%, and closed at 53.04 on Friday, April 19, 2024. O was trading at average weekly trading volume.
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 41.97 and resistance is at 56.85. 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 trend support level is at 50.63 and resistance is at 53.69. A Descending Triangle is a variation of triangle formation that has a flat support line and falling resistance line. The lower highs indicate the decreasing demand and give the descending triangle definitive bearish bias. A Descending Triangle usually represents a distribution stage in bearish market. A Descending Triangle is considered to be a continuation pattern, especially in a down trend, but it may also mark a reversal in an uptrend. Use the following link to access a Descending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Descending Triangle pattern in a medium-term trend.
 Weekly Technical Indicators: [See O weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Williams' Percentage Range 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 uptrend had started on April 17, 2024 at 50.65 and reached 53.16 on April 19, 2024. O gained -2.51 points, or -4.96%, in 2 days. Price is near the trend high.
 Daily Technical Indicators: [See O daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 10, 2024. The distance between MACD and the signal line is low and getting smaller.
A Parabolic SAR (stop and reversal) indicator (53.21) comes close to the price (53.04). It indicates that the trend is getting weaker. 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 moved above the moving average in the center of the Bollinger Bands. 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.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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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