SIMON PROPERTY GROUP INC (SPG) Stock Technical Analysis
NYSE:SPG - New York Stock Exchange, Inc. - US8288061091 - REIT - Currency: USD
Taking everything into account, SPG scores 4 out of 10 in our technical rating. In the past year, SPG 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 neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
SPG is one of the better performing stocks in the Diversified REITs industry, it outperforms 78% of 129 stocks in the same industry.
In the last month SPG has a been trading in the 157.59 - 167.90 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
SPG has an average volume of 1593340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, SPG turns out to be only a medium performer in the overall market: it outperformed 53% of all stocks.
SPG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SPG is lagging the market.
SPG has only a medium technical rating, but it does show 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 165.12. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 163.51, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
144.58
189.67
3 important support areas can be observed.
- A support zone ranging from 161.50 to 163.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 154.59 to 156.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 146.04 to 148.18. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 165.12 to 166.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 170.41 to 170.87. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 183.84 to 187.79. 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 | NEUTRAL | NEUTRAL | The long term trend for SPG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPG is up. |
| ChartMill Relative Strength | 53.45 | NEUTRAL | SPG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SPG is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SPG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.57 | NEUTRAL | The RSI value for SPG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests SPG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.1 | NEUTRAL | The Stochastics value for SPG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.59 | LOW VOLATILITY | The low ATR as a percentage value for SPG suggests low volalility. |
| Average Directional Index/ADX (14) | 9.89 | NEGATIVE | The low ADX value for SPG 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)
164.96
-0.78 (-0.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg-0.47%
1 Week1.37%
2 Weeks0.92%
1 Month4.8%
3 Month5.3%
6 Month-5.33%
12 Month8.21%
2 Year32.39%
3 Year51.84%
5 Year164.57%
10 Year-11.89%
15 Year84.89%
Volatility
ATR(14)2.32
ATR(20)%1.59%
ATR Inc-22.46%
Range Today2.11
ADR(20)2.56
ADR(20)%1.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.45
Mansfield-0.99
10 Day High166.91
10 Day Low159.33
20 Day High167.9
20 Day Low157.59
52 Week High190.14
52 Week Low136.34
CS1 End163.51
CR1 Start165.12
Volume & EV
DER(3)1.88%
DER(5)1.44%
Volume1.60M
Volume Incr-17.64%
Vol(5)1.27M
Vol(50)1.59M