SIMON PROPERTY GROUP INC (SPG) Stock Technical Analysis
NYSE:SPG • US8288061091
We assign a technical rating of 8 out of 10 to SPG. Although SPG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- A new 52 week high is currently being made by SPG, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month SPG has a been trading in the 183.16 - 203.00 range, which is quite wide. It is currently trading near the high of this range.
- SPG has an average volume of 1598740 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 59% of all stocks.
- SPG is part of the Diversified REITs industry. There are 123 other stocks in this industry, SPG did better than 67% of them.
Although SPG has an excellent technical rating, the quality of the presented setup is not ideal 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
144.63
5 important support areas can be observed.
- A support zone ranging from 185.00 to 193.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 179.23 to 180.07. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 173.34 to 175.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @151.21 from a trend line in the weekly time frame.
- Support @146.09 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 199.64 to 202.02. 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 | 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 | 59.42 | 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) | 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) | 62.93 | NEUTRAL | The RSI value for SPG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.63 | POSITIVE | The MACD value suggests SPG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.67 | OVERBOUGHT | The high Stochastics value suggests SPG may be overbought. |
| Average True Range in percent/ATR (20) | 2 | MEDIUM VOLATILITY | The ATR as a percentage value for SPG suggests some volalility. |
| Average Directional Index/ADX (14) | 20.68 | NEUTRAL | The ADX value for SPG suggests a possible start of a new trend. |
199.63
-2.38 (-1.18%)
SIMON PROPERTY GROUP INC / SPG FAQ
Can you provide the ChartMill technical rating for SIMON PROPERTY GROUP INC?
ChartMill assigns a technical rating of 8 / 10 to SPG.
Can you provide the trend direction for SIMON PROPERTY GROUP INC?
The current trend direction for SIMON PROPERTY GROUP INC (SPG) is Bullish.
What is the RSI signal for SPG stock?
SIMON PROPERTY GROUP INC (SPG) has an RSI value of 62.9332. This indicates that the stock is currently neutral.
What is the MACD signal for SPG stock?
The MACD indicator for SIMON PROPERTY GROUP INC (SPG) has a value of 0.628066, indicating a bearish trend.
What is the short term momentum for SPG stock?
The short term momentum for SIMON PROPERTY GROUP INC (SPG) is positive.