News Image

Interesting Technical Analysis finding for SL GREEN REALTY CORP (NYSE:SLG)

By Mill Chart

Last update: Mar 19, 2024

We've identified SL GREEN REALTY CORP (NYSE:SLG) as a potential breakout candidate based on our stock screener's analysis. This breakout setup pattern suggests that after a strong uptrend, the stock is currently consolidating, potentially signaling a continuation of the trend. Keep an eye on NYSE:SLG for further developments.

SLG Daily chart on 2024-03-19

In-Depth Technical Analysis of NYSE:SLG

ChartMill assigns a Technical Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple technical indicators and properties.

Taking everything into account, SLG scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SLG is showing a nice and steady performance.

  • Both the short term and long term trends are positive. This is a very positive sign.
  • When comparing the yearly performance of all stocks, we notice that SLG is one of the better performing stocks in the market, outperforming 96% of all stocks. We also observe that the gains produced by SLG over the past year are nicely spread over this period.
  • SLG is one of the better performing stocks in the Diversified REITs industry, it outperforms 99% of 128 stocks in the same industry.
  • SLG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
  • SLG is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

Check the latest full technical report of SLG for a complete technical analysis.

How do we evaluate the setup for NYSE:SLG?

Next to the Technical Rating, the Setup Rating of a stock determines to which extend the stock is consolidating. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. For NYSE:SLG this score is currently 10:

SLG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 51.77. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 49.35, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SLG in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.

How can NYSE:SLG be traded?

One strategy to consider is waiting for the actual breakout to occur, where the stock breaks out above the current consolidation zone. Traders can then enter a buy position, anticipating further upward momentum. As a risk management measure, it is advisable to set a stop loss order below the consolidation zone.

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents technical observations generated by automated analysis but does not guarantee any trading outcomes. Always trade responsibly and make independent judgments.

Every day, new breakout setups can be found on ChartMill in our Breakout screener.


This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.



NYSE:SLG (5/17/2024, 7:26:37 PM)

After market: 52.99 0 (0%)


-0.18 (-0.34%)

SLG News

News Image5 days ago - Market News VideoNotable Monday Option Activity: SLG, ABR, MPW
News Imagea month ago - SL Green Realty CorpSL Green Realty Corp. Announces Common Stock Dividend

NEW YORK, April 19, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan’s largest office landlord, today announced that its board of...

News Imagea month ago - InvestorPlaceSLG Stock Earnings: SL Green Realty Beats EPS, Misses Revenue for Q1 2024

SLG stock results show that SL Green Realty beat analyst estimates for earnings per share but missed on revenue for the first quarter of 2024.

News Imagea month ago - BusinessInsiderSLG Stock Earnings: SL Green Realty Beats EPS, Misses Revenue for Q1 2024

InvestorPlace - Stock Market News, Stock Advice & Trading Tips SL Green Realty (NYSE:SLG) just reported results for the first quarter of 2024....

News Imagea month ago - Yahoo Finance4 REITs That Have Beaten The Latest Correction

Recent unexpected strength in the March Consumer Price Index (CPI) and retail sales report shook the bond market this past week, triggering a sell-off in interest-rate sensitive stocks such as real estate investment trusts (REITs). The Vanguard Real Estate Index Fund ETF (NYSE:VNQ) sank 6.5% from $85.97 to $80.32 over the past four trading days as of April 17, 2024. REITs across several different sub-sectors, such as Prologis Inc. (NYSE:PLD), SL Green Realty Corp. (NYSE:SLG), Simon Property Grou

News Imagea month ago - SL Green Realty CorpSL Green Realty Corp. Reports First Quarter 2024 EPS of $0.20 Per Share; and FFO of $3.07 Per Share

Increases 2024 Earnings Guidance...

News Imagea month ago - SL Green Realty CorpSL Green Completes $2.1 Billion of Debt Refinancings

Contracts to Sell 719 Seventh Avenue and Palisades Premier Conference Center And Acquire Joint Venture Interest in 10 E 53rd Street...

News Imagea month ago - SL Green Realty CorpSL Green Signs Leases Totaling 104,000 Square Feet at One Madison Avenue

Unveils Le Jardin sur Madison and La Tête d’Or by Daniel Designed by Renowned Architect David Rockwell...

SLG Links
Follow us for more