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- 11/15/2024 -
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SL Green Realty (SLG) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is overboughtStochastic has declined below the signal line
Daily :Broken trend support lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARBearish Three Black Crows CandlestickThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the SL Green Realty (SLG). During the week, the SLG dropped -4.94 points, or -6.12%, and closed at 75.79 on Friday, November 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 82.81 on November 11, 2024. SLG gained -63.74 points, or -334.24%, in 85 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 65.77 and resistance is at 77.33. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See SLG medium-term trend chart]
A medium-term uptrend had started on November 1, 2023 at 28.55 and reached 82.81 on November 11, 2024. SLG gained -54.26 points, or -190.05%, in 53 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 67.44 and resistance is at 80.35. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See SLG weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 Lane's Stochastic help.

The weekly MACD line is above its signal line since July 5, 2024. This is an indication that the medium-term trend is up. 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 October 7, 2024 at 65.60 and reached 82.81 on November 11, 2024. SLG gained -17.21 points, or -26.23%, in 35 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (76.85) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a short-term trend.

Daily Technical Indicators: [See SLG daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Candlestick pattern: [See SLG candlestick chart pattern]
On Friday the chart has formed a Bearish Three Black Crows Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bearish Three Black Crows Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.10
Williams' Percentage Range (W%R) 67.20
Lane's Stochastic (%D-Slow) 36.41
Greed/Fear Indicator (GFI) 38.76
Moving Average Converg./Diverg. (MACD) 1.98
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.77
Williams' Percentage Range (W%R) 21.30
Lane's Stochastic (%D-Slow) 83.52
Overbought
Greed/Fear Indicator (GFI) 73.74
Moving Average Converg./Diverg. (MACD) 5.63
Trading Signals
Description Value Chart
Weekly Trendline Resistance 84.41
Parabolic System 82.44
Monthly Trendline Resistance 80.35
Upper Bollinger Band 80.25
Weekly Stochastic Crossing 79.76
20 Day Moving Average 77.39
Quarterly Trendline Resistance 77.33
Daily Stochastic Crossing 77.05
Weekly Trendline Support 76.85
Price 75.79
50 Day Moving Average 72.72
Lower Bollinger Band 72.69
Monthly Trendline Support 67.44
Quarterly Trendline Support 65.77
Sector and Industry
Description Name Rank
Sector Real Estate 6
Industry Office REITs 66
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 82.81
High Date 11/11/2024
Low 75.10
Low Date 11/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 84.41
Support 76.85
Low 65.60
Low Date 10/07/2024
High 82.81
High Date 11/11/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 80.35
Support 67.44
Low 28.55
Low Date 11/01/2023
High 82.81
High Date 11/11/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 77.33
Support 65.77
Low 19.07
Low Date 03/24/2023
High 82.81
High Date 11/11/2024
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.