REALTY INCOME CORP. - Daily - Technical analysis published on 11/06/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 59.40 USD
My targets
54.02 USD (-4.94%)
50.08 USD (-11.88%)
My analysis
In the short term, we can see an acceleration in the bearish trend on REALTY INCOME CORP., which is a positive signal for sellers. As long as the price remains above 59.40 USD, a sale could be considered. The first bearish objective is located at 54.02 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 50.08 USD as an objective. Crossing it would then enable sellers to target 43.44 USD. If the price were to return above 59.40 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5
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Additional analysis
Quotes
The REALTY INCOME CORP. rating is 56.83 USD. The price is lower by -3.38% since the last closing and was between 56.00 USD and 58.24 USD. This implies that the price is at +1.48% from its lowest and at -2.42% from its highest.56.00
58.24
56.83
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by REALTY INCOME CORP.:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of REALTY INCOME CORP. in Daily shows an overall bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 50.08 | 54.02 | 56.10 | 56.83 | 59.40 | 61.22 | 62.87 |
| Change (%) | -11.88% | -4.94% | -1.28% | - | +4.52% | +7.72% | +10.63% |
| Change | -6.75 | -2.81 | -0.73 | - | +2.57 | +4.39 | +6.04 |
| Level | Major | Major | Major | - | Intermediate | Major | Intermediate |
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 | 57.07 | 57.49 | 58.16 | 58.58 | 59.25 | 59.67 | 60.34 |
| Camarilla | 58.52 | 58.62 | 58.72 | 58.82 | 58.92 | 59.02 | 59.12 |
| Woodie | 57.19 | 57.55 | 58.28 | 58.64 | 59.37 | 59.73 | 60.46 |
| Fibonacci | 57.49 | 57.91 | 58.17 | 58.58 | 59.00 | 59.26 | 59.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 54.85 | 56.83 | 57.86 | 59.84 | 60.87 | 62.85 | 63.88 |
| Camarilla | 58.05 | 58.33 | 58.60 | 58.88 | 59.16 | 59.43 | 59.71 |
| Woodie | 54.37 | 56.59 | 57.38 | 59.60 | 60.39 | 62.61 | 63.40 |
| Fibonacci | 56.83 | 57.98 | 58.69 | 59.84 | 60.99 | 61.70 | 62.85 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 51.71 | 55.38 | 57.24 | 60.91 | 62.77 | 66.44 | 68.30 |
| Camarilla | 57.58 | 58.09 | 58.59 | 59.10 | 59.61 | 60.11 | 60.62 |
| Woodie | 50.81 | 54.93 | 56.34 | 60.46 | 61.87 | 65.99 | 67.40 |
| Fibonacci | 55.38 | 57.49 | 58.80 | 60.91 | 63.02 | 64.33 | 66.44 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 25.80 | |
| MACD (12,26,9): | -0.9700 | |
| Directional Movement: | -27.16 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 59.66 | |
| Parabolic SAR (0,02-0,02-0,2): | 61.68 | |
| Elder Ray (13): | -2.91 | |
| Super Trend (3,10): | 60.85 | |
| Zig ZAG (10): | 56.82 | |
| VORTEX (21): | 0.7300 | |
| Stochastique (14,3,5): | 10.45 | |
| TEMA (21): | 58.49 | |
| Williams %R (14): | -90.52 | |
| Chande Momentum Oscillator (20): | -6.69 | |
| Repulse (5,40,3): | -3.3800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 12.12 |
| MA7: | 59.04 | |
| MA20: | 61.44 | |
| MA50: | 61.66 | |
| MA100: | 58.87 | |
| MAexp7: | 59.03 | |
| MAexp20: | 60.62 | |
| MAexp50: | 60.75 | |
| MAexp100: | 59.17 | |
| Price / MA7: | -3.74% | |
| Price / MA20: | -7.50% | |
| Price / MA50: | -7.83% | |
| Price / MA100: | -3.47% | |
| Price / MAexp7: | -3.73% | |
| Price / MAexp20: | -6.25% | |
| Price / MAexp50: | -6.45% | |
| Price / MAexp100: | -3.95% |
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
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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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