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Realty Income Corporation

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Weekly Forecast 24th AprilO is by far my favourite long term pick in the US market recently. Consistent momentum and a strong monthly dividend to support it. Although I am very bullish on the stock there is a bit of concern that I have in the short term (roughly 5-10 trading days or so). Price movement has moved very fast recently and has moved away from the mean and have reached short term oversold regions on the daily and weekly graphs. It may be as a result of optimism for a reopening economy in the US, some investors might have moved away from growth stocks due to volatility, or is this a short term push as a result of the optimism on the solid economic data that was released earlier today? Non the less these are my forecasts for this stock (this is my own personal opinion, I am not a legal financial advisor) Optimistic case: * IF the stock continues to run, then I will expect at most a move towards $71 a share - the probability of that occurring on Monday however is 20% * After that run, O will drop back to $65-$66, closer to the mean * From that point, I would expect that the stock price will rally a small amount as a result of earnings that is fast approaching (7 days from when I am writing this) * After that, I'll have to analyse the data I'm presented next week for a forecast of what will happen then. Neutral case: * Stock will immediately drop back to $65-66 level because, at the current price, it is overextended in the short term * As I have stated earlier, that I expect optimism in this stock and expect that price would trend upwards on the earnings report * After that, I'll have to analyse the data I'm presented next week for a forecast of what will happen then. Happy investing y'all
NYSE:OLong
by JustPlainHenry
2
Realty Income Corp ($O) Ascending Triangle?Realty Income Corp ($O) following a consistent upward trend pattern since the mid-1990s. Lows seem to have deeper spikes, but each one seems to correspond to specific events. (e.g. The dot-com bubble, housing bubble, and COVID-19.) Outside of those three events, $O trades consistently at the upper-end of the two lower trend line. It's currently at that lower trend line on the monthly charts around 60. It appears to have an ascending triangle pattern beginning to form, though it's currently up against a monthly MA50 and seems to be pressured down by that monthly MA50 for the last 6-7 months. It's also fighting negative momentum at the moment on the monthly chart. The daily chart has positive momentum and keeps tapping the DMA-200. I see it breaking out and touching the upper trend long-term. Regardless of a breakout, $O pays a MONTHLY dividend around 4.5% to 4.8%, instead of a quarterly dividend like most dividend-paying stocks. At the current price in the logarithmic chart, I think Realty Income Corp is a healthy investment long-term until it reaches the upper trend line. Opinions not advice.
NYSE:OLong
by lafayettelegacy
1