Simon Property Group $SPG Trading Advice

November 10, 2023, 16:15 pm ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SPG

• Buy SPG slightly over 110.57 target 118.94 stop loss @ 110.25 Details

The technical summary data tells us to buy SPG near 110.57 with an upside target of 118.94. This data also tells us to set a stop loss @ 110.25 to protect against excessive loss in case the stock begins to move against the trade. 110.57 is the first level of support below 114.5 , and by rule, any test of support is a buy signal. In this case, support 110.57 is being tested, a buy signal would exist.

• Short SPG slightly under 118.94, target 110.57, stop loss @ 119.28 Details

The technical summary data is suggesting a short of SPG as it gets near 118.94 with a downside target of 110.57. We should have a stop loss in place at 119.28though. 118.94 is the first level of resistance above 114.5, and by rule, any test of resistance is a short signal. In this case, if resistance 118.94 is being tested, a short signal would exist.

Swing Trading Plans for SPG

• Buy SPG slightly over 117.20, target 118.94, Stop Loss @ 116.86 Details

If 117.20 begins to break higher, the technical summary data tells us to buy SPG just slightly over 117.20, with an upside target of 118.94. The data also tells us to set a stop loss @ 116.86 in case the stock turns against the trade. 117.20 is the first level of resistance above 114.5, and by rule, any break above resistance is a buy signal. In this case, 117.20, 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 117.20, target 110.57, Stop Loss @ 117.54. Details

The technical summary data is suggesting a short of SPG if it tests 117.20 with a downside target of 110.57. We should have a stop loss in place at 117.54 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, 117.20, 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 115.35, target 117.20, Stop Loss @ 115.08 Details

If 115.35 begins to break higher, the technical summary data tells us to buy SPG just slightly over 115.35, with an upside target of 117.20. The data also tells us to set a stop loss @ 115.08 in case the stock turns against the trade. 115.35 is the first level of resistance above 114.5, and by rule, any break above resistance is a buy signal. In this case, 115.35, 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 115.35, target 110.57, Stop Loss @ 115.62. Details

The technical summary data is suggesting a short of SPG if it tests 115.35 with a downside target of 110.57. We should have a stop loss in place at 115.62 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, 115.35, 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 (SPG) available here: SPG.

SPG Ratings for November 10:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Neutral
P1	0	0	101.87
P2	115.35	110.09	110.57
P3	121.67	117.20	118.94

AI Generated Signals for SPG

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Simon Property Group (NYSE: SPG) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for SPG change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if SPG is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for SPG too.  All of these are offered below the Summary Table.