How the (SPG) price action is used to our Advantage
December 11, 2024, 12:56 pm ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SPG
- Buy SPG near 172.68 target 181.45 stop loss @ 172.18 Details
The technical summary data tells us to buy SPG near 172.68 with an upside target of 181.45. This data also tells us to set a stop loss @ 172.18 to protect against excessive loss in case the stock begins to move against the trade. 172.68 is the first level of support below 177.97 , and by rule, any test of support is a buy signal. In this case, support 172.68 is being tested, a buy signal would exist.
- Short SPG slightly under 181.45, target 172.68, stop loss @ 181.97 Details
The technical summary data is suggesting a short of SPG as it gets near 181.45 with a downside target of 172.68. We should have a stop loss in place at 181.97though. 181.45 is the first level of resistance above 177.97, and by rule, any test of resistance is a short signal. In this case, if resistance 181.45 is being tested, a short signal would exist.
Swing Trading Plans for SPG
- Buy SPG slightly over 178.56, target 181.45, Stop Loss @ 178.04 Details
If 178.56 begins to break higher, the technical summary data tells us to buy SPG just slightly over 178.56, with an upside target of 181.45. The data also tells us to set a stop loss @ 178.04 in case the stock turns against the trade. 178.56 is the first level of resistance above 177.97, and by rule, any break above resistance is a buy signal. In this case, 178.56, 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 178.56, target 172.68, Stop Loss @ 179.08. Details
The technical summary data is suggesting a short of SPG if it tests 178.56 with a downside target of 172.68. We should have a stop loss in place at 179.08 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, 178.56, 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 178.56, target 180.41, Stop Loss @ 178.14 Details
If 178.56 begins to break higher, the technical summary data tells us to buy SPG just slightly over 178.56, with an upside target of 180.41. The data also tells us to set a stop loss @ 178.14 in case the stock turns against the trade. 178.56 is the first level of resistance above 177.97, and by rule, any break above resistance is a buy signal. In this case, 178.56, 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 178.56, target 172.68, Stop Loss @ 178.98. Details
The technical summary data is suggesting a short of SPG if it tests 178.56 with a downside target of 172.68. We should have a stop loss in place at 178.98 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, 178.56, 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 December 11:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
163.43 |
| P2 |
180.41 |
178.56 |
172.68 |
| P3 |
182.67 |
182.1 |
181.45 |
AI Generated Signals for SPG
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Simon Property Group Inc. (NYSE: SPG) data table below can help you with price action, and we have more details too. Trading plans for SPG are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for SPG:
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