O crashes -0.83% on high volume

Realty Income Corporation (O) Technical Analysis Report for Sep 14, 2018


O tanks -0.83% on high volume
O finds support at 50-day moving average
O breaks below previous session low
O falls to lowest close since August 15th
O ends the day indecisive

TQ Sentiment

Report Sentiment: 50% Bearish
Technical Forecast:


O ended the week -0.83% lower at 57.66 after losing $0.48 (-0.83%) today on high volume. This is the biggest single day loss in over a week. Today's closing price of 57.66 marks the lowest close since August 15th. Closing below Thursday's low at 58.06, the market confirms its breakout through the previous session's low having traded $1.10 below it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for O


Friday's trading range was $0.94 (1.62%), that's far above last trading month's daily average range of $0.61. Weekly volatility is also higher, being above the markets average with the monthly volatility being below average.


Prices are trading close to the key resistance level at 57.98. After trading as low as 56.96 during the day, Realty Income found support at the 50-day moving average at 57.00.


Although the stock is currently in a short-term down trend, this might just be a correction, as the medium and long term trends are both positive.


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

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