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- 11/19/2021 -
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Simon Property Group, Inc (SPG)

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range and Lane's Stochastic are strongly overbought
Daily :Williams' Percentage Range is overboughtRelative Strength Index and Lane's Stochastic bearish divergenceDaily  MACD line has moved below its signal line
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It was a first positive week for the Simon Property Group, Inc (SPG). During the week, the SPG gained 1.94 points, or 1.18%, and closed at 166.74 on Friday, November 19, 2021. Weekly volume was -87% below average.

SPG 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 SPG long-term trend chart]
A long-term uptrend had started on April 2, 2020 at 42.25 and reached 171.12 on November 18, 2021. SPG gained -128.87 points, or -305.02%, in 85 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (134.29) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 SPG medium-term trend chart]
A medium-term uptrend had started on July 19, 2021 at 114.72 and reached 171.12 on November 18, 2021. SPG gained -56.40 points, or -49.16%, in 17 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (137.28) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 medium-term trend.

Weekly Technical Indicators: [See SPG weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since October 22, 2021. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See SPG short-term trend chart]
A short-term uptrend had started on November 17, 2021 at 162.84 and reached 171.12 on November 18, 2021. SPG gained -8.28 points, or -5.08%, in 1 days. The price is now at the 52.90% retracement level.

Daily Technical Indicators: [See SPG daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Daily Relative Strength Index and Lane's Stochastic have bearish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index and Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index help.

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.14
Bearish
Williams' Percentage Range (W%R) 11.70
Overbought
Lane's Stochastic (%D-Slow) 51.92
Bearish
Greed/Fear Indicator (GFI) 70.45
Moving Average Converg./Diverg. (MACD) 7.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.49
Williams' Percentage Range (W%R) 5.70
Strong Overbought
Lane's Stochastic (%D-Slow) 93.14
Strong Overbought
Greed/Fear Indicator (GFI) 84.23
Overbought
Moving Average Converg./Diverg. (MACD) 7.92
Trading Signals
Description Value Chart
Upper Bollinger Band 178.33
Weekly Stochastic Crossing 167.92
Daily Stochastic Crossing 166.94
Price 166.74
Parabolic System 162.85
20 Day Moving Average 160.27
Quarterly Trendline Resistance 155.64
50 Day Moving Average 145.13
Lower Bollinger Band 141.56
Monthly Trendline Resistance 138.86
Monthly Trendline Support 137.28
Quarterly Trendline Support 134.29
Sector and Industry
Description Name Rank
Sector Real Estate 12
Industry Retail REITs 100
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 162.84
Low Date 11/17/2021
High 171.12
High Date 11/18/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 127.07
Low Date 09/20/2021
High 171.12
High Date 11/18/2021
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 138.86
Support 137.28
Low 114.72
Low Date 07/19/2021
High 171.12
High Date 11/18/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 155.64
Support 134.29
Low 42.25
Low Date 04/02/2020
High 171.12
High Date 11/18/2021
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 229.10
High Date 07/29/2016
Low 42.25
Low Date 04/02/2020
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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