SIMON PROPERTY GROUP INC (SPG) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:SPG • US8288061091
We assign a technical rating of 8 out of 10 to SPG. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- SPG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month SPG has a been trading in the 180.17 - 201.40 range, which is quite wide. It is currently trading near the high of this range.
- SPG has an average volume of 1538270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, SPG turns out to be only a medium performer in the overall market: it outperformed 57% of all stocks.
- SPG is an average performer in the Diversified REITs industry, it outperforms 59% of 122 stocks in the same industry.
Although SPG has an excellent technical rating, the quality of the presented setup is not ideal 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
144.63
5 important support areas can be observed.
- A support zone ranging from 185.00 to 188.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 @151.10 from a trend line in the weekly time frame.
- Support @146.09 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 | 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 | 57.14 | 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) | 65.26 | NEUTRAL | The RSI value for SPG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.09 | POSITIVE | The MACD value suggests SPG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.56 | NEUTRAL | The Stochastics value for SPG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.9 | LOW VOLATILITY | The low ATR as a percentage value for SPG suggests low volalility. |
| Average Directional Index/ADX (14) | 21.01 | NEUTRAL | The ADX value for SPG suggests a possible start of a new trend. |
196.3
-0.27 (-0.14%)
SIMON PROPERTY GROUP INC / SPG FAQ
Can you provide the ChartMill technical rating for SIMON PROPERTY GROUP INC?
ChartMill assigns a technical rating of 8 / 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 65.2623. 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 1.08734, indicating a bullish trend.
What is the short term momentum for SPG stock?
The short term momentum for SIMON PROPERTY GROUP INC (SPG) is positive.