The Greedy Trader Weekly Analysis
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- 3/15/2024 -
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SL Green Realty (SLG) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtMACD bearish divergence
Daily :Stochastic has declined below the signal lineThe price has fallen below the Parabolic SAR
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It was the negative week for the SL Green Realty (SLG). During the week, the SLG dropped -1.24 points, or -2.40%, and closed at 50.52 on Friday, March 15, 2024. Weekly volume was -49% below average.

Long-term trend: [See SLG long-term trend chart]
A long-term uptrend had started on March 24, 2023 at 19.07 and reached 52.50 on March 13, 2024. SLG gained -33.43 points, or -175.30%, in 50 weeks. The price is now at the 5.92% retracement level.

Medium-term trend: [See SLG medium-term trend chart]
A medium-term uptrend had started on November 1, 2023 at 28.55 and reached 52.50 on March 13, 2024. SLG gained -23.95 points, or -83.89%, in 19 weeks. The price is now at the 8.27% retracement level.

Weekly Technical Indicators: [See SLG weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since December 1, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See SLG short-term trend chart]
A short-term uptrend had started on February 7, 2024 at 41.88 and reached 52.50 on March 13, 2024. SLG gained -10.62 points, or -25.36%, in 35 days. The chart has formed a Rising Channel chart pattern.

Daily Technical Indicators: [See SLG daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since February 15, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.29
Williams' Percentage Range (W%R) 38.00
Lane's Stochastic (%D-Slow) 65.05
Greed/Fear Indicator (GFI) 63.80
Moving Average Converg./Diverg. (MACD) 1.32
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.74
Williams' Percentage Range (W%R) 13.50
Overbought
Lane's Stochastic (%D-Slow) 72.45
Greed/Fear Indicator (GFI) 71.10
Moving Average Converg./Diverg. (MACD) 3.18 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 52.63
Parabolic System 52.47
Daily Stochastic Crossing 51.03
Price 50.52
Weekly Stochastic Crossing 50.37
20 Day Moving Average 48.65
50 Day Moving Average 46.49
Lower Bollinger Band 44.96
Sector and Industry
Description Name Rank
Sector Real Estate 3
Industry Office REITs 29
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 41.88
Low Date 02/07/2024
High 52.50
High Date 03/13/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 41.81
Low Date 01/18/2024
High 52.50
High Date 03/13/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 28.55
Low Date 11/01/2023
High 52.50
High Date 03/13/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 19.07
Low Date 03/24/2023
High 52.50
High Date 03/13/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 135.81
High Date 03/20/2015
Low 19.07
Low Date 03/24/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.