NYSE:SPG - New York Stock Exchange, Inc. - US8288061091 - REIT - Currency: USD
We assign a technical rating of 5 out of 10 to SPG. SPG has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
Although the technical rating is only medium, SPG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 166.86. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 165.12, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
144.58
We found 3 important support areas.
We can see 3 important resistance areas.
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 | 52.88 | 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) | DOWN | NEGATIVE | The current price of SPG is below a declining SMA(200). |
Relative Strength Index/RSI (14) | 60.34 | NEUTRAL | The RSI value for SPG is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests SPG has a positive trend. |
Stochastics (14,3) | 66.43 | NEUTRAL | The Stochastics value for SPG is a neutral value. |
Average True Range in percent/ATR (20) | 1.61 | LOW VOLATILITY | The low ATR as a percentage value for SPG suggests low volalility. |
Average Directional Index/ADX (14) | 9.45 | NEGATIVE | The low ADX value for SPG suggests a weak or negative trend. |
165.74
+0.17 (+0.1%)