Simon Property stock: buy or sell

SPG stock price: $114.57 0.71% At close on Apr 15th, 2021

Updated on:
Apr 16th, 2021

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Simon Property stock brief

  • Simon Property closed on Thursday at $114.57 after only moving a 0.71%.
  • From the chart point view, price is drawing a scaled uptrend since September 2020 with higher tops and higher bottoms. Up to date, price marked a 101.14% profit since the beginning of this rally
  • BMO Capital Markets published a neutral rating for Simon Property on Thursday, with a forecast of $125.00
  • Simon is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG).

Should I buy Simon Property stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $SPG stock a buy?

In the current situation of Simon Property there is just one buy setup eligible:

Uptrend buy setup

Simon Property stock continues to trend higher since in September 2020 and has marked a gorgeous 101.14% gain. Price marked a local bottom in this uptrend at $105.49 in late March, and since then it bounced up a 8.61%. Now, it's only 5.24% away from breaking out over its last top and resume the uptrend. The new buy point is therefore at $120.57. If you decide to enter this trade, the suggested stop loss is at $108.51

Buy setupBuy pointStop lossRisk
Uptrend buy setup$120.57$108.5110.00%

Should I sell Simon Property stock?

When you are a novel trader and you own stock shares with some profit, it's really difficult to decide the correct moment to sell and get your benefits. Similarly to when we have to buy shares, determining when is appropiate to sell is not a whimsy decision, and we must adhere our own trading style. Our trading system selects very simple setups to guide us on when is a good moment to sell a stock. Be aware that these setups should not be used for shorting $SPG stock

As a golden rule, you should not keep a trading operation that yields losses greater than those expected by the time of the buy. The timing to sell shares should always be determined by the stop-loss (automatic or manual)

Is it time to sell Simon Property stock?

In the current situation of Simon Property there is not any eligible sell setup, so Simon Property stock holders with operations in green can keep their positions

Simon Property ratings

In the last 30 days, 3 analyst ratings were published for Simon Property. General sentiment is bullish, with 2 out of 3 posting optimistic outlooks

Simon Property analysts' ratings - Last month
Brokerage firmRating
Apr 7th, 2021
Morgan Stanley Buy
Apr 13th, 2021
Morgan Stanley Buy
Apr 15th, 2021
BMO Capital Markets

Simon Property stock analysis

Simon Property shares started an uptrend in September 2020, and gained an amazing 101.14%. The price shows higher peaks and higher lows, and along the way gave some entry points for those who wanted to enter. Latest pullback was in late March, when price bounced at $105.49. Now, the price trades in a consolidation between its last top ($120.57) and its last bottom ($105.49)

SMAs overview

SPG stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $119.96 (4.70% above)
  • R2: $120.14 (4.86% above)
  • R3: $120.57 (5.24% above)
  • The current support levels are:

  • S1: $113.82 (-0.65% below)
  • S2: $112.59 (-1.73% below)
  • S3: $110.02 (-3.97% below)
  • Bollinger bands

    The price is moving near to the upper Bollinger band, signaling some level of overbought in recent sessions. This is not a bearish indicator, as price can trade in these levels for many days and weeks

    SPG stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 in mid-March after just crossing to the overbough zone for a single day (weak signal). The RSI value on Thursday was 54.26. Simon Property shares dropped a 4.26% since RSI lost the overbought zone

    SPG stock RSI chart

    Simon Property stock price history

    Simon Property IPO was on Dec 14th, 1993 at $5.16 per share1. Since then, SPG stock surged by 2,120.35%, with an average of 78.53% per year. An investment of thousand dollars on the IPO would be valued $22,203.49 today.

    1: Adjusted price after possible price splits or reverse-splits

    SPG stock price history chart

    Price target for Simon Property stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.

    The following table shows the price forecasts posted by financial institutions in the last month. Again, these forecasts are not direct recommendations for small traders and must not be followed blindly.

    The average price target for Simon Property stock calculated from the table below is $131.67. Simon Property closed at $114.57 on Thursday, that is a 12.99% than the target price.

    Simon Property stock price predictions
    Brokerage firmPrice target
    Apr 7th, 2021
    Morgan Stanley $125.00$135.00
    Apr 13th, 2021
    Morgan Stanley $125.00$135.00
    Apr 15th, 2021
    BMO Capital Markets $120.00$125.00

    Earnings and financials

    In late March, Simon Property ($SPG) had the shareholders call and posted the report. Simon Property reported earnings of $2.17 per share on revenue of $1.1 billion. The market estimate was $0.88 per share on revenue of $1.1 billion.

    In comparing, the EPS for the same quarter last year was $1.66, so reported EPS means a increase of 30.72%. Sales sank a -23.82% on an annualized basis in the , from $14.9B to $11.3B last quarter.

    Simon Property ($SPG) will host the quarterly earnings call mid next May. Market forecasts of $0.94, compared to Q4 that made $2.17.

    Simon Property performance

    SPG performance compared
    Company1m3m6m
    Simon Property ($SPG) -0.80% 29.60% 78.60%

    Disclaimer:
    The opinions given in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this paper does not know the particular scenarios of the reader, his or her own financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are provided for learning reasons only

    Simon Property summary

    Thursday, April 15th, 2021
    Open$115
    Close$114.57
    Day range$113.62 - $115.56
    Previous close$113.76
    Session gain0.71%
    Average true range$3.16
    50d mov avg$110.81
    100d mov avg$98.72
    200d mov avg$81.16
    Earnings dateMay 10th, 2021

    Frequently asked questions

    What is Simon Property stock symbol?

    Simon Property Group, Inc. is a public company trading in the US stock market with the SPG symbol

    Is Simon Property stock a buy or sell?

    Simon Property received 3 ratings in the last 30 days: 2 bullish, 0 bearish and 0 neutral.

    Will SPG go up?

    Simon Property had different price predictions published by market analysts in the last month forecasting the target price to $131.67. That is a 14.93% than the current price ($114.57).