SIMON PROPERTY GROUP INC (SPG) Stock Technical Analysis
USA - NYSE:SPG - US8288061091 - REIT
Taking everything into account, SPG scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SPG is only an average performer.
SPG has an excellent technical rating, but the quality of the setup is only medium 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.
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144.63
5 important support areas can be observed.
- A support zone ranging from 173.34 to 180.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @167.55 from a trend line in the daily time frame.
- Support @156.77 from a horizontal line in the daily time frame.
- Support @150.17 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 183.84 to 187.79. 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 | 66.4 | 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) | 59.75 | NEUTRAL | The RSI value for SPG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.72 | POSITIVE | The MACD value suggests SPG has a positive trend. |
| Stochastics (14,3) | 75.82 | NEUTRAL | The Stochastics value for SPG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.69 | LOW VOLATILITY | The low ATR as a percentage value for SPG suggests low volalility. |
| Average Directional Index/ADX (14) | 16.49 | 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 |
|---|---|---|---|
| 187.80 | 172.18 | 15.62 (8.32%) | 12.02% |
| An entry @187.80. This is a Buy Stop order right above the resistance zone. | An exit @172.18. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 15.62 points, which is 8.32%. | For a 1.00% total portfolio risk, you can invest 12.02% of your capital in this trade. |
- 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.
183.6
+2.86 (+1.58%)
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 59.7486. 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 180.37 and a resistance level at 183.84. Check the full technical report for our detailed analysis of SPG support and resistance levels.