SIMON PROPERTY GROUP INC (SPG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SPG - US8288061091 - REIT
Taking everything into account, SPG scores 7 out of 10 in our technical rating. 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.
SPG has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 183.06, 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.
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144.63
6 important support areas can be observed.
- A support zone ranging from 178.92 to 183.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 @169.22 from a trend line in the daily time frame.
- Support @156.77 from a horizontal line in the daily time frame.
- Support @150.70 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 183.57 to 187.79. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 46.13 | 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 | MIXED | The current price of SPG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.21 | NEUTRAL | The RSI value for SPG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests SPG has a negative trend. |
| Stochastics (14,3) | 37.96 | NEUTRAL | The Stochastics value for SPG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.48 | LOW VOLATILITY | The low ATR as a percentage value for SPG suggests low volalility. |
| Average Directional Index/ADX (14) | 13.72 | NEGATIVE | The low ADX value for SPG suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 183.58 | 179.91 | 3.67 (2.00%) | 25.00% |
| An entry @183.58. This is a Buy Stop order right above the 10 day moving average. | An exit @179.91. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.67 points, which is 2.00%. | For a 0.50% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SPG. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
183.32
+1.02 (+0.56%)
SIMON PROPERTY GROUP INC / SPG FAQ
Can you provide the ChartMill technical rating for SIMON PROPERTY GROUP INC?
ChartMill assigns a technical rating of 7 / 10 to SPG.
What is the trend direction for SPG stock?
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 53.2084. This indicates that the stock is currently neutral.
What is the buy/sell signal for SIMON PROPERTY GROUP INC (SPG) stock?
The buy/sell signal for SIMON PROPERTY GROUP INC (SPG) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for SIMON PROPERTY GROUP INC?
SIMON PROPERTY GROUP INC (SPG) has a support level at 183.06 and a resistance level at 183.57. Check the full technical report for our detailed analysis of SPG support and resistance levels.