Simon Property Group Inc Stock Forecast
Simon Property Group Inc stock price down 0.0560% on Thursday
(Updated on Apr 25, 2024)
The Simon Property Group Inc stock price fell by -0.0560% on the last day (Thursday, 25th Apr 2024) from $142.81 to $142.73. During the last trading day the stock fluctuated 2.22% from a day low at $140.59 to a day high of $143.72. The price has fallen in 6 of the last 10 days and is down by -2.81% for this period. Volume has increased on the last day by 349 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $195.67 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $140.67 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Simon Property Group Inc stock with a 90% probability to be traded between $143.27 and $160.27 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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SPG Signals & Forecast
There are mixed signals in the stock today. The Simon Property Group Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $148.56. On a fall, the stock will find some support from the short-term average at $141.93. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.70%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Simon Property Group Inc stock
Simon Property Group Inc finds support from accumulated volume at $139.24 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.13 between high and low, or 2.22%. For the last week, the stock has had daily average volatility of 1.73%.
Our recommended stop-loss: $135.65 (-4.96%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (SPG) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Simon Property Group Inc to open at $142.35, and during the day (based on 14 day Average True Range), to move between $139.82 and $145.64, which gives a possible trading interval of +/-$2.91 (+/-2.04%) up or down from last closing price. If Simon Property Group Inc takes out the full calculated possible swing range there will be an estimated 4.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $143.39 (0.46%) than the support at $139.24 (2.45%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Simon Property Group Inc stock A Buy?
Simon Property Group Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.222 Hold/Accumulate Unchanged
Predicted Opening Price for Simon Property Group Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $142.35 ( 0.270%) | $142.73 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 145.47 | 1.92 % | |
| R2 | 144.28 | 1.08 % | ||
| R1 | 143.54 | 0.567 % | ||
| Current price: | 142.73 | |||
| Support | S1 | 141.15 | -1.11 % | |
| S2 | 140.41 | -1.62 % | ||
| S3 | 139.22 | -2.46 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 149.86 | 5.00 % | |
| R2 | 149.70 | 4.88 % | ||
| R1 | 143.39 | 0.462 % | ||
| Current price | 142.73 | |||
| Support | S1 | 139.24 | -2.45% | |
| S2 | 137.94 | -3.36% | ||
| S3 | 136.79 | -4.16% |
SPG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 05, 2024 | Mar 07, 2024 | Mar 29, 2024 | $1.95 | 1.25% |
| 2 | Oct 30, 2023 | Dec 07, 2023 | Dec 29, 2023 | $1.90 | 1.33% |
| 3 | Aug 02, 2023 | Sep 07, 2023 | Sep 29, 2023 | $1.90 | 1.76% |
| 4 | May 02, 2023 | Jun 08, 2023 | Jun 30, 2023 | $1.85 | 1.60% |
| 5 | Feb 06, 2023 | Mar 09, 2023 | Mar 31, 2023 | $1.80 | 1.61% |
FAQ
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