O pushes through key resistance level


Realty Income Corporation (O) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
Highlights
O pushes through key resistance level
O pushes through 20-day moving average
O unable to break through key resistance level
O closes within previous day's range
TQ Sentiment
Technical Forecast:
Overview

O finished Thursday at 52.99 gaining $0.59 (1.13%). Closing within the prior day's range, prices failed to decisively move past the previous day's trading range.

Daily chart for O
Volatility

Thursday's trading range was $0.78 (1.48%), that's slightly above last trading month's daily average range of $0.74. Weekly volatility is also higher, being slightly above the markets average with the monthly volatility being slightly below average.

Price Action

During the whole day, prices traded within the prior day's range, unable to trade above the previous day's high or below the prior day's low forming an Inside Bar.

Support/Resistance

Breaking through the key resistance level at 52.60 today, it is now likely to act as support going forward. Unable to break through the key technical resistance level at 53.30, the stock closed below it after spiking as high as 53.34 during the day. The failure to close above the resistance could increase that levels importance as resistance going forward.

Trend

The share shows weakness in the short-term (in accordance with its long-term downtrend) with only the medium-term trend being bullish. The market managed to break above the 20-day moving average at 52.94 today for the first time since May 3rd.

Order Flow

Selling might speed up should prices move below the close-by swing low at 52.37 where further sell stops could get triggered.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bearish.

Market Conditions for Realty Income Corporation
ConditionForecastDirectionWinAvgWorstBest
Close to R1 Resistance TQ Pro Members Only
2 Consecutive Lower Closes TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Close to Swing High TQ Pro Members Only
Bounced off Technical Support S1 TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Realty Income Corporation traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup

Stocks Top Movers

ETHUSD 516.2820.92 4.22%
BTCUSD 6,707.49240.41 3.72%
CRUDE 65.681.45 2.26%
EURUSD 1.16230.0014 0.12%
TBOND 143.7190.031 0.02%
FTSE 7,631.33-2.57 -0.03%
NDX 7,251.41-4.35 -0.06%
USDJPY 110.55-0.11 -0.10%
GOLD 1,280.6-1.4 -0.11%
SPX 2,773.87-5.55 -0.20%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Stocks

ABBV 10 day candlestick chart for ABBV98.48 -1.09
-1.09%
ACN 10 day candlestick chart for ACN162.88 -0.60
-0.37%
ADBE 10 day candlestick chart for ADBE255.69 3.87
1.54%
AAP 10 day candlestick chart for AAP138.24 1.08
0.79%
AES 10 day candlestick chart for AES13.07 0.00
0.00%
AET 10 day candlestick chart for AET186.95 -2.55
-1.35%
AFL 10 day candlestick chart for AFL45.17 -0.58
-1.27%
AMG 10 day candlestick chart for AMG153.00 -2.81
-1.80%
A 10 day candlestick chart for A64.97 -1.16
-1.75%
ABT 10 day candlestick chart for ABT62.82 -0.09
-0.14%