SL GREEN REALTY CORP (SLG) Stock Technical Analysis
NYSE:SLG - New York Stock Exchange, Inc. - US78440X8873 - REIT - Currency: USD
We assign a technical rating of 3 out of 10 to SLG. In the past year, SLG was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When compared to the yearly performance of all other stocks, SLG outperforms 40% of them, which is more or less in line with the market.
SLG is part of the Diversified REITs industry. There are 129 other stocks in this industry, SLG did better than 60% of them.
SLG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SLG is lagging the market slightly.
In the last month SLG has a been trading in the 50.69 - 59.73 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SLG has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
49.08
60.01
3 important support areas can be observed.
- A support zone ranging from 55.20 to 56.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @51.51 from a trend line in the weekly time frame.
- A support zone ranging from 49.58 to 49.62. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 57.15 to 57.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 58.83 to 59.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for SLG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SLG is neutral. |
| ChartMill Relative Strength | 40.64 | NEUTRAL | SLG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SLG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SLG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SLG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.69 | NEUTRAL | The RSI value for SLG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests SLG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.06 | NEUTRAL | The Stochastics value for SLG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.98 | MEDIUM VOLATILITY | The ATR as a percentage value for SLG suggests some volalility. |
| Average Directional Index/ADX (14) | 13.61 | NEGATIVE | The low ADX value for SLG suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
56.92
+1.44 (+2.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg2.6%
1 Week-2.58%
2 Weeks-3.67%
1 Month4.88%
3 Month-11.81%
6 Month-27.2%
12 Month7.46%
2 Year146.09%
3 Year-7.85%
5 Year31.13%
10 Year-53.46%
15 Year-11.33%
Volatility
ATR(14)1.62
ATR(20)%2.98%
ATR Inc-8.36%
Range Today1.3
ADR(20)1.49
ADR(20)%2.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.64
Mansfield-1.42
10 Day High59.42
10 Day Low54.26
20 Day High59.73
20 Day Low50.69
52 Week High82.81
52 Week Low45.15
CS1 End56.08
CR1 Start57.15
Volume & EV
DER(3)-0.17%
DER(5)-1.28%
Volume610.90K
Volume Incr-12.2%
Vol(5)686.28K
Vol(50)897.43K