SIMON PROPERTY GROUP INC (SPG) Technical Analysis
NYSE:SPG • US8288061091
Current stock price
SPG Technical Rating and Analysis
Taking everything into account, SPG scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, SPG has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that SPG is one of the better performing stocks in the market, outperforming 73% of all stocks. We also observe that the gains produced by SPG over the past year are nicely spread over this period.
- SPG is one of the better performing stocks in the Diversified REITs industry, it outperforms 78% of 122 stocks in the same industry.
- SPG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SPG is lagging the market slightly.
- SPG 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.
- SPG has an average volume of 1609420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SPG Weekly and Daily overview Charts
SPG Setup Rating and Analysis
Besides having an excellent technical rating, SPG also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
SPG Support and Resistance Analysis
144.63
4 important support areas can be observed.
- A support zone ranging from 194.09 to 196.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 178.26 to 185.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @175.30 from a horizontal line in the daily time frame.
- Support @146.09 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 203.17 to 207.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
SPG Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for SPG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPG is up. |
| ChartMill Relative Strength | 73.97 | POSITIVE | SPG has a high relative strength, it outperformed 73.97% off all stocks 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) | UP | POSITIVE | The current price of SPG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SPG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.91 | NEUTRAL | The RSI value for SPG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.53 | POSITIVE | The MACD value suggests SPG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.63 | NEUTRAL | The Stochastics value for SPG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.79 | LOW VOLATILITY | The low ATR as a percentage value for SPG suggests low volalility. |
| Average Directional Index/ADX (14) | 26.31 | POSITIVE | The high ADX value value for SPG suggests a strong trend. |
SPG Chart- and CandleStick Pattern Analysis
SPG Technicals: Chart, Performance Metrics, Trend & Indicators
201.16
-2.5 (-1.23%)
SIMON PROPERTY GROUP INC / SPG TA FAQ
Can you provide the ChartMill technical rating for SIMON PROPERTY GROUP INC?
ChartMill assigns a technical rating of 10 / 10 to SPG.
What is the current trend direction of SIMON PROPERTY GROUP INC (SPG) stock?
The current trend direction for SIMON PROPERTY GROUP INC (SPG) is Bullish.
What is the RSI signal for SIMON PROPERTY GROUP INC (SPG) stock?
SIMON PROPERTY GROUP INC (SPG) has an RSI value of 56.9065. This indicates that the stock is currently neutral.
What is the MACD signal for SIMON PROPERTY GROUP INC (SPG) stock?
The MACD indicator for SIMON PROPERTY GROUP INC (SPG) has a value of 0.527311, indicating a bearish trend.
What are the support and resistance levels for SIMON PROPERTY GROUP INC (SPG) stock?
SIMON PROPERTY GROUP INC (SPG) has a support level at 196.59 and a resistance level at 203.17. Check the full technical report for our detailed analysis of SPG support and resistance levels.