REALTY INCOME CORP. - 1H - Technical analysis published on 08/26/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 61.60 USD
My targets
63.41 USD (+2.37%)
68.03 USD (+9.83%)
My analysis
REALTY INCOME CORP. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 61.60 USD. The next resistance located at 63.41 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 68.03 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.8
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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 61.94 USD. The price registered an increase of +1.39% on the session and was between 61.39 USD and 61.99 USD. This implies that the price is at +0.90% from its lowest and at -0.08% from its highest.61.39
61.99
61.94
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of REALTY INCOME CORP. in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 59.42 | 60.17 | 61.60 | 61.94 | 63.41 | 68.03 |
| Change (%) | -4.07% | -2.86% | -0.55% | - | +2.37% | +9.83% |
| Change | -2.52 | -1.77 | -0.34 | - | +1.47 | +6.09 |
| Level | Minor | Major | Intermediate | - | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 60.04 | 60.33 | 60.71 | 61.00 | 61.38 | 61.67 | 62.05 |
| Camarilla | 60.91 | 60.97 | 61.03 | 61.09 | 61.15 | 61.21 | 61.27 |
| Woodie | 60.09 | 60.35 | 60.76 | 61.02 | 61.43 | 61.69 | 62.10 |
| Fibonacci | 60.33 | 60.59 | 60.74 | 61.00 | 61.26 | 61.41 | 61.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 59.06 | 59.54 | 60.32 | 60.80 | 61.58 | 62.06 | 62.84 |
| Camarilla | 60.74 | 60.86 | 60.98 | 61.09 | 61.21 | 61.32 | 61.44 |
| Woodie | 59.20 | 59.62 | 60.46 | 60.88 | 61.72 | 62.14 | 62.98 |
| Fibonacci | 59.54 | 60.03 | 60.32 | 60.80 | 61.29 | 61.58 | 62.06 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46.34 | 48.95 | 53.06 | 55.67 | 59.78 | 62.39 | 66.50 |
| Camarilla | 55.31 | 55.93 | 56.54 | 57.16 | 57.78 | 58.39 | 59.01 |
| Woodie | 47.08 | 49.33 | 53.80 | 56.05 | 60.52 | 62.77 | 67.24 |
| Fibonacci | 48.95 | 51.52 | 53.11 | 55.67 | 58.24 | 59.83 | 62.39 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 70.01 | |
| MACD (12,26,9): | 0.3500 | |
| Directional Movement: | 23.36 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 61.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 61.15 | |
| Elder Ray (13): | 0.34 | |
| Super Trend (3,10): | 61.03 | |
| Zig ZAG (10): | 61.92 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 88.71 | |
| TEMA (21): | 61.92 | |
| Williams %R (14): | -4.38 | |
| Chande Momentum Oscillator (20): | 0.79 | |
| Repulse (5,40,3): | 0.4400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 3.60 |
| MA7: | 60.85 | |
| MA20: | 59.98 | |
| MA50: | 56.62 | |
| MA100: | 54.64 | |
| MAexp7: | 61.71 | |
| MAexp20: | 61.29 | |
| MAexp50: | 60.83 | |
| MAexp100: | 60.26 | |
| Price / MA7: | +1.79% | |
| Price / MA20: | +3.27% | |
| Price / MA50: | +9.40% | |
| Price / MA100: | +13.36% | |
| Price / MAexp7: | +0.37% | |
| Price / MAexp20: | +1.06% | |
| Price / MAexp50: | +1.82% | |
| Price / MAexp100: | +2.79% |
Quotes :
-
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
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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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