REALTY INCOME CORP. - Daily - Technical analysis published on 07/20/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 54.98 USD
My targets
60.45 USD (+4.98%)
63.71 USD (+10.65%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on REALTY INCOME CORP. as long as the price remains well above 54.98 USD. The buyers' bullish objective is set at 60.45 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 63.71 USD. If there is any crossing, the next objective would be the resistance located at 68.35 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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This analysis was given by jarias81197. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The REALTY INCOME CORP. price is 57.58 USD. The price registered a decrease of -0.26% on the session with the lowest point at 57.19 USD and the highest point at 57.78 USD. The deviation from the price is +0.68% for the low point and -0.35% for the high point.57.19
57.78
57.58
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of REALTY INCOME CORP. indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 52.11 | 54.98 | 57.56 | 57.58 | 60.45 | 63.71 | 68.35 |
Change (%) | -9.50% | -4.52% | -0.03% | - | +4.98% | +10.65% | +18.70% |
Change | -5.47 | -2.60 | -0.02 | - | +2.87 | +6.13 | +10.77 |
Level | Major | Major | Major | - | Minor | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 56.66 | 56.93 | 57.25 | 57.52 | 57.84 | 58.11 | 58.43 |
Camarilla | 57.42 | 57.47 | 57.53 | 57.58 | 57.63 | 57.69 | 57.74 |
Woodie | 56.70 | 56.94 | 57.29 | 57.53 | 57.88 | 58.12 | 58.47 |
Fibonacci | 56.93 | 57.15 | 57.29 | 57.52 | 57.74 | 57.88 | 58.11 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 53.01 | 54.32 | 55.95 | 57.26 | 58.89 | 60.20 | 61.83 |
Camarilla | 56.77 | 57.04 | 57.31 | 57.58 | 57.85 | 58.12 | 58.39 |
Woodie | 53.17 | 54.40 | 56.11 | 57.34 | 59.05 | 60.28 | 61.99 |
Fibonacci | 54.32 | 55.44 | 56.14 | 57.26 | 58.38 | 59.08 | 60.20 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 48.54 | 50.07 | 51.31 | 52.84 | 54.08 | 55.61 | 56.85 |
Camarilla | 51.79 | 52.04 | 52.30 | 52.55 | 52.80 | 53.06 | 53.31 |
Woodie | 48.40 | 50.00 | 51.17 | 52.77 | 53.94 | 55.54 | 56.71 |
Fibonacci | 50.07 | 51.13 | 51.78 | 52.84 | 53.90 | 54.55 | 55.61 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 76.50 | |
MACD (12,26,9): | 1.1800 | |
Directional Movement: | 34.38 | |
AROON (14): | 85.72 | |
DEMA (21): | 56.10 | |
Parabolic SAR (0,02-0,02-0,2): | 54.10 | |
Elder Ray (13): | 1.99 | |
Super Trend (3,10): | 55.23 | |
Zig ZAG (10): | 57.58 | |
VORTEX (21): | 1.2200 | |
Stochastique (14,3,5): | 90.38 | |
TEMA (21): | 57.08 | |
Williams %R (14): | -14.64 | |
Chande Momentum Oscillator (20): | 5.15 | |
Repulse (5,40,3): | 1.9900 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.1600 | |
Courbe Coppock: | 14.81 |
MA7: | 56.58 | |
MA20: | 54.09 | |
MA50: | 53.55 | |
MA100: | 52.79 | |
MAexp7: | 56.52 | |
MAexp20: | 54.81 | |
MAexp50: | 53.76 | |
MAexp100: | 53.28 | |
Price / MA7: | +1.77% | |
Price / MA20: | +6.45% | |
Price / MA50: | +7.53% | |
Price / MA100: | +9.07% | |
Price / MAexp7: | +1.88% | |
Price / MAexp20: | +5.05% | |
Price / MAexp50: | +7.11% | |
Price / MAexp100: | +8.07% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on REALTY INCOME CORP. at the time of the analysis were as follows:
- Investor Network: Realty Income Corporation to Host Earnings Call
- Realty Income Prices $700 Million Of Multi-Tranche Senior Unsecured Notes
- Realty Income To Redeem All Outstanding Shares Of 6.625% Class F Preferred Stock
- Realty Income Closes 10.85 Million Share Common Stock Offering
- Universal Health Realty Income Trust Reports 2016 Fourth Quarter And Full Year Financial Results
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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