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- 11/19/2021 -
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SL Green Realty (SLG)

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Summary:
Weekly :Overbought sectorBroken trend resistance lineWeekly  MACD line has moved above its signal line
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was the negative week for the SL Green Realty (SLG). During the week, the SLG dropped -2.88 points, or -3.79%, and closed at 73.20 on Friday, November 19, 2021. It was the worst weekly loss since September 10, 2021. Weekly volume was -88% below average.

SLG is a member of Real Estate Sector. Real Estate is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See SLG long-term trend chart]
A long-term downtrend had started on March 20, 2015 at 135.81 and reached 35.16 on May 14, 2020. SLG lost 100.65 points, or 74.11%, in 268 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (18.55) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See SLG medium-term trend chart]
A medium-term uptrend had started on May 14, 2020 at 35.16 and reached 85.65 on June 10, 2021. SLG gained -50.49 points, or -143.60%, in 56 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 52.74 and resistance is at 95.65. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See SLG weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 September 20, 2021 at 66.50 and reached 77.79 on November 11, 2021. SLG gained -11.29 points, or -16.98%, in 52 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 70.33 and resistance is at 78.25. 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 short-term trend.

Daily Technical Indicators: [See SLG daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. 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.

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.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.22
Williams' Percentage Range (W%R) 45.50
Lane's Stochastic (%D-Slow) 45.34
Greed/Fear Indicator (GFI) 50.33
Moving Average Converg./Diverg. (MACD) 0.78
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.07
Williams' Percentage Range (W%R) 53.20
Lane's Stochastic (%D-Slow) 71.85
Greed/Fear Indicator (GFI) 57.06
Moving Average Converg./Diverg. (MACD) 0.70
Trading Signals
Description Value Chart
Upper Bollinger Band 79.34
Weekly Trendline Resistance 78.25
Parabolic System 77.56
Weekly Stochastic Crossing 75.50
20 Day Moving Average 74.15
Daily Stochastic Crossing 74.07
Monthly Trendline Resistance 73.49
Price 73.20
50 Day Moving Average 72.97
Monthly Trendline Support 71.34
Weekly Trendline Support 70.33
Lower Bollinger Band 69.76
Yearly Trendline Resistance 64.27
Sector and Industry
Description Name Rank
Sector Real Estate 12
Industry Office REITs 85
Daily Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Low 69.58
Low Date 10/28/2021
High 77.79
High Date 11/11/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 78.25
Support 70.33
Low 66.50
Low Date 09/20/2021
High 77.79
High Date 11/11/2021
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Valid
Resistance 73.49
Support 71.34
High 85.65
High Date 06/10/2021
Low 66.50
Low Date 09/20/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 95.65
Support 52.74
Low 35.16
Low Date 05/14/2020
High 85.65
High Date 06/10/2021
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 64.27
Support 18.55
High 135.81
High Date 03/20/2015
Low 35.16
Low Date 05/14/2020
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.

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