Simon Property stock: buy or sell
Jan 27th, 2021
Simon Property stock brief
- Counting on Tuesday, it's been 3 consecutive sessions in green for Simon Property. Price closed on Tuesday at $99.05 after climbing a 1.61%.
- The price is currently higher than the upper Bollinger band, which is usually an indicator of a near-term correction
- On January 20 broke out above its latest top at $92.89
- 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?
Currently, Simon Property stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $SPG in coming sessions, or that it may not climb higher. Simply, it doesn't match our recommended trading systems
Should I sell Simon Property stock?
"To sell or not to sell", if you are holding Simon Property shares?. In the same way as when we have to buy shares, deciding when is appropiate time to sell is not a random decision, and we must use our own trading strategy. We like very simple setups to guide us on when is a good moment to sell our shares. Be aware that these setups are not intended for selling short Simon Property stock
A guiding principle is that you should not hold an investment that results in losses greater than those expected upon purchase. The timing to sell your stock should always be ruled by the stop-loss (automatic or manual)
Is it time to sell Simon Property stock?
Currently, Simon Property stock doesn't match any of our preferred sell setups, so if you own Simon Property shares and your operation is in profit probably is not time to sell now
Simon Property ratings
In the last month, 2 analyst ratings were published for Simon Property
|Jan 6th, 2021|
|Jan 20th, 2021|
|Compass Point|| |
Simon Property stock analysis
Simon Property stock started an uptrend in September 2020, and gained a gorgeous 71.96%. During this uptrend, the price offered some entry points on the breakouts. Latest low was in mid-December, when price bounced at $80.75. On January 20, Simon Property broke out above its last top ($92.89) offering a good buying opportunity
Supports and resistances
The current resistances are:
The current support levels are:
When the price moves out of the band (above the upper line or below the lower line) it shows that the stock is having a very strong trend and therefore can correct the trend to the average. In this case, the price is over the upper band, and that should mean a possible near-term adjustment (at least) until it is below the band
Relative strength index
The RSI dropped below the overbought level of 70 in early December after just crossing to the overbough zone for 1 day (weak signal). The RSI value on Tuesday was 69.97
Simon Property stock price history
Simon Property started trading priced at an adjusted price1 of $4.62 on Dec 1993. Since then, SPG stock has risen by 2,043.94%, with an average of 75.70% per year. An investment of thousand dollars on the IPO would have a value of $21,439.39 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Simon Property stock
Nobody can predict how much a share will be priced tomorrow. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, financial institutions publish their price estimates based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new fundamental data by the company, and usually. If you are a small investor you must not invest based on these price targets.
There are 2 price forecasts posted for Simon Property that average $109.50. Simon Property closed at $99.05 on Tuesday, so the target price is expecting a growth by 10.55%.
|Brokerage firm||Price target|
|Jan 6th, 2021|
|Jan 20th, 2021|
|Compass Point||$120.00 → $130.00|
Earnings and financials
Last November, Simon Property ($SPG) hosted the investors call and released the report. Simon Property reported earnings of $2.05 per share on revenue of $1.1 billion. The consensus earnings estimate was $0.90 per share on revenue of $1.1 billion.This compares to Earnings of $1.77 per share same quarter last year, so posted EPS means an increase of 15.82%. Sales collapsed a -25.17% on an annualized basis in the , from $14.1B to $10.6B last quarter.
Simon Property ($SPG) will host the earnings call next Tuesday. Market estimates of $0.72, compared to Q3 that made $2.05.
Simon Property competitors
Simon Property is part of the Real Estate sector and the REIT - Retail industry, which contain industry peers.
Simon Property major competitors are:
|Company||Market cap||Rating||Bullish ratings1|
|Simon Property ($SPG)||$30.7B||Buy||1|
|Alexandria Real Estate Equities ($ARE)||$23.4B||Buy||1|
|Vornado Realty (VNO)||$7.4B|| ||2|
|New Senior Investment (SNR)||$463.3M||Neutral||0|
1 In the last 30 days.
Simon Property performance
To better understand Simon Property performance you must compare its gains with other related stocks in same sector or industry.. For Simon Property, the benchmark is made against Alexandria Real Estate Equities, Vornado Realty and New Senior Investment.
|Simon Property ($SPG)||17.90%||52.40%||66.50%|
|Alexandria Real Estate Equities ($ARE)||-2.10%||6.80%||-0.60%|
|Vornado Realty (VNO)||7.30%||18.90%||16.40%|
|New Senior Investment (SNR)||0.20%||32.30%||61.30%|
Disclaimer:The comments expressed in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this report does not know the particular positions of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are posted for learning purposes only
Simon Property summary
|Tuesday, January 26th, 2021|
|Day range||$96.64 - $99.66|
|Average true range||$4.60|
|50d mov avg||$85.59|
|100d mov avg||$75.30|
|200d mov avg||$68.27|
|Earnings date||February 2nd, 2021|