See how the Rectangle is playing out for O. View live chart.
Sideways movement between parallel supports.
Bearish continuation pattern.
A clear signal has emerged for Realty Income (O) on the daily chart. Price has moved to $60.24 (-0.54%) amidst recent volatility. Algorithmically, a Descending Triangle structure has completed. Volume is average (0.92x avg) with moderate trend strength (10.5). A potential breakout level is identified at $59.48, targeting $55.57 with support near $62.97 (R:R 1.12).
What is your outlook on O?