Earnings on Monday, dividend on the 15th

Taking a look at Realty Income ahead of its earnings on Monday, the stock closed Thursday’s session at $54.91 a share. If we look at the chart, we can see that the stock has now found additional support at $50.66 after establishing support at $45.03. It’s now approaching the first trendline resistance at $55.86, a break and close above this level would allow investors to target $59.82. Climbing above $59.82 and securing the $60 area would certainly raise momentum for a push toward the most challenging resistance along the upper trendline, which dates back to the pre-COVID highs. Towards the downside, if the stock experiences a rejection along the nearest trendline resistance, then $50.66 would be the main focus as a dip below could likely lead to a re-test of $45.03. Looking at the technical indicators, the MACD has turned positive suggesting a build of momentum. Additionally, the RSI is now positive and on the rise as it reads 53. Realty Income is known for its good dividend annual yield of 5.62%. Interestingly, its next dividend payment is on the 15^th of May, which may also be a reason for a possible rise in buying volume.