Learn to Evaluate (O) using the Charts
February 28, 2024, 08:12 am ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for O
- Buy O slightly over 52.08 target 55.97 stop loss @ 51.93 Details
The technical summary data tells us to buy O near 52.08 with an upside target of 55.97. This data also tells us to set a stop loss @ 51.93 to protect against excessive loss in case the stock begins to move against the trade. 52.08 is the first level of support below 52.16 , and by rule, any test of support is a buy signal. In this case, support 52.08 is being tested, a buy signal would exist.
- Short O slightly under 55.97, target 52.08, stop loss @ 56.13 Details
The technical summary data is suggesting a short of O as it gets near 55.97 with a downside target of 52.08. We should have a stop loss in place at 56.13though. 55.97 is the first level of resistance above 52.16, and by rule, any test of resistance is a short signal. In this case, if resistance 55.97 is being tested, a short signal would exist.
Swing Trading Plans for O
- Buy O slightly over 53.26, target 55.97, Stop Loss @ 53.11 Details
If 53.26 begins to break higher, the technical summary data tells us to buy O just slightly over 53.26, with an upside target of 55.97. The data also tells us to set a stop loss @ 53.11 in case the stock turns against the trade. 53.26 is the first level of resistance above 52.16, and by rule, any break above resistance is a buy signal. In this case, 53.26, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short O slightly near 53.26, target 52.12, Stop Loss @ 53.41. Details
The technical summary data is suggesting a short of O if it tests 53.26 with a downside target of 52.12. We should have a stop loss in place at 53.41 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 53.26, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for O
- Buy O slightly over 52.21, target 52.86, Stop Loss @ 52.09 Details
If 52.21 begins to break higher, the technical summary data tells us to buy O just slightly over 52.21, with an upside target of 52.86. The data also tells us to set a stop loss @ 52.09 in case the stock turns against the trade. 52.21 is the first level of resistance above 52.16, and by rule, any break above resistance is a buy signal. In this case, 52.21, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short O slightly near 52.21, target 48.05, Stop Loss @ 52.33. Details
The technical summary data is suggesting a short of O if it tests 52.21 with a downside target of 48.05. We should have a stop loss in place at 52.33 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 52.21, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Realty Income Corporation (O) available here: O.
O Ratings for February 28:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Weak |
| P1 |
0 |
0 |
48.05 |
| P2 |
52.21 |
52.12 |
52.08 |
| P3 |
52.86 |
53.26 |
55.97 |
AI Generated Signals for O
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for O:
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