Realty Income Stock Forecast
Realty Income stock price ended at $53.80 on Thursday, after gaining 0.242%.
(Updated on Apr 25, 2024)
The Realty Income stock price gained 0.242% on the last trading day (Thursday, 25th Apr 2024), rising from $53.67 to $53.80. It has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 1.95% from a day low at $52.88 to a day high of $53.91. The price has risen in 7 of the last 10 days and is up by 2.99% over the past 2 weeks. Volume fell on the last day by -39 thousand shares and in total, 5 million shares were bought and sold for approximately $258.97 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $54.21 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Realty Income stock with a 90% probability to be traded between $49.85 and $53.32 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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O Signals & Forecast
The Realty Income stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $52.93 and $52.67. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 5.91%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Realty Income stock
Realty Income finds support from accumulated volume at $52.49 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.03 between high and low, or 1.95%. For the last week the stock has had daily average volatility of 1.59%.
Since the Realty Income has been rising for 7 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: $51.72 (-3.86%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (O) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Realty Income Corporation to open at $53.53, and during the day (based on 14 day Average True Range), to move between $52.91 and $54.69, which gives a possible trading interval of +/-$0.89 (+/-1.65%) up or down from last closing price. If Realty Income Corporation takes out the full calculated possible swing range there will be an estimated 3.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $54.19 (0.72%) than the support at $52.49 (2.43%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Realty Income Corporation stock A Buy?
Realty Income holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.293 Hold/Accumulate Unchanged
Predicted Opening Price for Realty Income Corporation of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $53.53 ( 0.502%) | $53.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for O
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 54.56 | 1.41 % | |
| R2 | 54.17 | 0.681 % | ||
| R1 | 53.92 | 0.229 % | ||
| Current price: | 53.80 | |||
| Support | S1 | 53.14 | -1.23 % | |
| S2 | 52.89 | -1.69 % | ||
| S3 | 52.50 | -2.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 55.18 | 2.57 % | |
| R2 | 54.39 | 1.10 % | ||
| R1 | 54.19 | 0.725 % | ||
| Current price | 53.80 | |||
| Support | S1 | 52.49 | -2.43% | |
| S2 | 52.24 | -2.90% | ||
| S3 | 52.02 | -3.31% |
O Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | Apr 30, 2024 | May 15, 2024 | $0.257 | 0.478% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Apr 15, 2024 | $0.257 | 0.498% |
| 3 | Feb 13, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.257 | 0.491% |
| 4 | Jan 09, 2024 | Jan 31, 2024 | Feb 15, 2024 | $0.257 | 0.493% |
| 5 | Dec 12, 2023 | Dec 29, 2023 | Jan 12, 2024 | $0.257 | 0.435% |
FAQ
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