When (SPG) Moves Investors should Listen
June 18, 2024, 12:54 pm ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SPG
- Buy SPG slightly over 142.45 target 153.76 stop loss @ 142.04 Details
The technical summary data tells us to buy SPG near 142.45 with an upside target of 153.76. This data also tells us to set a stop loss @ 142.04 to protect against excessive loss in case the stock begins to move against the trade. 142.45 is the first level of support below 147.64 , and by rule, any test of support is a buy signal. In this case, support 142.45 would be being tested, so a buy signal would exist.
- Short SPG slightly under 153.76, target 142.45, stop loss @ 154.2 Details
The technical summary data is suggesting a short of SPG as it gets near 153.76 with a downside target of 142.45. We should have a stop loss in place at 154.2though. 153.76 is the first level of resistance above 147.64, and by rule, any test of resistance is a short signal. In this case, if resistance 153.76 is being tested, so a short signal would exist.
Swing Trading Plans for SPG
- Buy SPG slightly over 149.01, target 153.22, Stop Loss @ 148.58 Details
If 149.01 begins to break higher, the technical summary data tells us to buy SPG just slightly over 149.01, with an upside target of 153.22. The data also tells us to set a stop loss @ 148.58 in case the stock turns against the trade. 149.01 is the first level of resistance above 147.64, and by rule, any break above resistance is a buy signal. In this case, 149.01, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short SPG slightly near 149.01, target 142.45, Stop Loss @ 149.44. Details
The technical summary data is suggesting a short of SPG if it tests 149.01 with a downside target of 142.45. We should have a stop loss in place at 149.44 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 149.01, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for SPG
- Buy SPG slightly over 149.01, target 149.75, Stop Loss @ 148.66 Details
If 149.01 begins to break higher, the technical summary data tells us to buy SPG just slightly over 149.01, with an upside target of 149.75. The data also tells us to set a stop loss @ 148.66 in case the stock turns against the trade. 149.01 is the first level of resistance above 147.64, and by rule, any break above resistance is a buy signal. In this case, 149.01, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short SPG slightly near 149.01, target 146.26, Stop Loss @ 149.36. Details
The technical summary data is suggesting a short of SPG if it tests 149.01 with a downside target of 146.26. We should have a stop loss in place at 149.36 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 149.01, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Simon Property Group Inc. (SPG) available here: SPG.
SPG Ratings for June 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Strong |
| P1 |
0 |
0 |
142.45 |
| P2 |
146.26 |
149.01 |
153.76 |
| P3 |
149.75 |
153.22 |
165.24 |
AI Generated Signals for SPG
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Simon Property Group Inc. (NYSE: SPG) report below is a real world example. Included are trading plans for SPG, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for SPG:
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