Realty Income is a real estate investment trust (REIT) known for its monthly dividends and a strong portfolio of commercial properties. The company leases to well-established businesses across different sectors, making it a popular choice for income-focused investors. With earnings coming up this week, we are watching for potential price movement based on the technical setup.
🔹 Key reasons for a potential move up:
✅ Strong demand area around $52 has held well, leading to a solid bounce.
✅ Price is approaching a key resistance at $58, which if broken, could lead to a further rally.
✅ Market sentiment around earnings could act as a catalyst for continuation.
🎯 Targets:
📌 $59 (+3.4%)
📌 $61 (+6.9%)
📌 $64 (+12.1%)
If we see a clean breakout above $58, we could see price moving towards these targets in the coming sessions.
Not financial advice.
🔹 Key reasons for a potential move up:
✅ Strong demand area around $52 has held well, leading to a solid bounce.
✅ Price is approaching a key resistance at $58, which if broken, could lead to a further rally.
✅ Market sentiment around earnings could act as a catalyst for continuation.
🎯 Targets:
📌 $59 (+3.4%)
📌 $61 (+6.9%)
📌 $64 (+12.1%)
If we see a clean breakout above $58, we could see price moving towards these targets in the coming sessions.
Not financial advice.
📈 6 years in the financial markets! Join my Telegram for exclusive insights.
Telegram Link: t.me/charts_M7M
Telegram Link: t.me/charts_M7M
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈 6 years in the financial markets! Join my Telegram for exclusive insights.
Telegram Link: t.me/charts_M7M
Telegram Link: t.me/charts_M7M
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.