SIMON PROPERTY GROUP INC (SPG) Technical Analysis
NYSE:SPG • US8288061091
Current stock price
SPG Technical Rating and Analysis
Overall SPG gets a technical rating of 2 out of 10. SPG has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- In the last month SPG has a been trading in the 185.77 - 205.12 range, which is quite wide. It is currently trading near the lows of this range.
- SPG is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SPG is performing more or less in line with the market.
- SPG has an average volume of 1633940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- When comparing the yearly performance of all stocks, we notice that SPG is one of the better performing stocks in the market, outperforming 70% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- SPG is an average performer in the Diversified REITs industry, it outperforms 67% of 123 stocks in the same industry.
SPG Weekly and Daily overview Charts
SPG Setup Rating and Analysis
The technical rating of SPG is bad and it also does not present a quality setup 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
SPG Support and Resistance Analysis
144.63
5 important support areas can be observed.
- Support @185.00 from a horizontal line in the daily time frame.
- 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 @151.55 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 202.01 to 203.86. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The short term trend for SPG is down. |
| ChartMill Relative Strength | 70.89 | POSITIVE | SPG has a high relative strength, it outperformed 70.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SPG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SPG is below a declining 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) | 33.93 | NEUTRAL | The RSI value for SPG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.15 | NEGATIVE | The MACD value suggests SPG has a negative trend. |
| Stochastics (14,3) | 9.45 | OVERSOLD | The low Stochastics value suggests SPG may be oversold. |
| Average True Range in percent/ATR (20) | 2.29 | MEDIUM VOLATILITY | The ATR as a percentage value for SPG suggests some volalility. |
| Average Directional Index/ADX (14) | 25.87 | 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
186.82
-0.75 (-0.4%)
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 2 / 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 33.9271. 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 -2.14574, indicating a bearish trend.
What is the short term momentum for SPG stock?
The short term momentum for SIMON PROPERTY GROUP INC (SPG) is negative.