SIMON PROPERTY GROUP INC (SPG) Stock Technical Analysis
NYSE:SPG - New York Stock Exchange, Inc. - US8288061091 - REIT - Currency: USD
We assign a technical rating of 1 out of 10 to SPG. SPG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
In the last month SPG has a been trading in the 155.96 - 165.44 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
SPG has an average volume of 1831510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, SPG outperforms 49% of them, which is more or less in line with the market.
SPG is an average performer in the Diversified REITs industry, it outperforms 60% of 129 stocks in the same industry.
SPG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SPG is lagging the market.
SPG has a bad technical rating, but it does show 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.
More info and screens
144.58
185.68
We found 2 important support areas.
- Support @151.39 from a trend line in the weekly time frame.
- A support zone ranging from 146.04 to 146.09. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 161.20 to 166.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 170.11 to 171.45. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @183.84 from a horizontal line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for SPG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SPG is down. |
| ChartMill Relative Strength | 49.01 | NEUTRAL | SPG is not amongst the best or worst performers 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 | MIXED | The current price of SPG is above a declining 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) | 45.35 | NEUTRAL | The RSI value for SPG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.39 | NEGATIVE | The MACD value suggests SPG has a negative trend. |
| Stochastics (14,3) | 43.95 | NEUTRAL | The Stochastics value for SPG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.7 | LOW VOLATILITY | The low ATR as a percentage value for SPG suggests low volalility. |
| Average Directional Index/ADX (14) | 6.53 | NEGATIVE | The low ADX value for SPG suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
158.79
-0.91 (-0.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg-0.57%
1 Week-1.22%
2 Weeks-2.72%
1 Month-1.48%
3 Month-1.5%
6 Month-11.59%
12 Month6.69%
2 Year37.5%
3 Year67.29%
5 Year132.22%
10 Year-8.22%
15 Year96.64%
Volatility
ATR(14)2.5
ATR(20)%1.7%
ATR Inc-15.77%
Range Today1.42
ADR(20)2.53
ADR(20)%1.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.01
Mansfield-0.93
10 Day High163.72
10 Day Low157.95
20 Day High165.44
20 Day Low155.96
52 Week High190.14
52 Week Low136.34
CS1 End151.39
CR1 Start161.2
Volume & EV
DER(3)0.79%
DER(5)0.22%
Volume1.56M
Volume Incr-24.63%
Vol(5)1.36M
Vol(50)1.83M