Simon Property stock: buy or sell
Jul 29th, 2021
Simon Property stock brief
- Simon Property closed on Wednesday at $125.22 after barely moving a -0.52%.
- Looking at the chart, price is drawing an scaled downtrend since early June with lower tops and lower bottoms. this downtrend marked a -7.40% loss.
- 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 $SPG will slide in coming sessions, or it will not rise 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?. Trading strategies give us the ability us to avoid impulsive decisions based on our moods or the noise surrounding the market. When selling, as well as buying, detailed strategies are very easy to use but are only valid for selling stocks you already own, not for shorting Simon Property stock
As a rule of thumb, you should not hold a trade that generates losses greater than those expected by the time of the buy. The moment to sell your stock must always be dictated 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
We don't have any rating posted in the last month for Simon Property
Simon Property stock analysis
From a technical standpoint, Simon Property continues trending lower since early June, and has droppped a -7.40%. Like in all downtrends, the stock oscillates drawing lower tops and bottoms. In this case, we have seen 2 consecutive lower tops.
Supports and resistances
The current resistance levels are:
The current supports are:
Since the price broke down the lower band on July 19, the price bounced by 9.15%
Relative strength index
The RSI dropped below the overbought level of 70 in mid-June after just crossing to the overbough zone for just one day (weak signal). The RSI reading on Wednesday was 47.77. Simon Property stock dropped a 6.65% since that level was lost
Simon Property stock price history
Simon Property started trading priced at an adjusted price1 of $5.10 on Dec 1993. Since then, SPG stock surged by 2,355.29%, with an average of 87.23% per year. An investment of thousand dollars on Dec 1993 would worth $24,552.94 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Simon Property stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations publish their analysis forecasting how a stock will performance in the future.
The following table shows the price target published by brokerage institutions for the last 30 days. If you are a small trader you should not buy or sell based on these forecasts.
We don't have any target price published in the last 4 weeks for Simon Property.
Earnings and financials
Simon Property ($SPG) had the quarterly financial event and posted the report last May. Simon Property reported earnings of $2.48 per share on sales of $1.2 billion. The consensus earnings estimate was $0.96 per share on revenue of $1.1 billion.Compared to the same quarter last year, EPS was $-0.05, so posted EPS means a increase of 5,060.00%. Looking at revenue, figures went down a -8.31% compared to $13.5B same quarter last year.
Simon Property ($SPG) is hosting the quarterly earnings call next Monday. Market analysts analysts forecast of $1.00 and revenues of $1.1 billion.
Simon Property performance
|Simon Property ($SPG)||-3.10%||1.90%||31.60%|
Please read:The thoughts published in this article are personal and not recommendations for you to buy or sell stocks. The author of this article does not have any knowledge of the individual scenarios of the reader, his or her 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 Comments are published for educative motives only
Simon Property summary
|Wednesday, July 28th, 2021|
|Day range||$123.91 - $126.91|
|Average true range||$5.34|
|50d mov avg||$127.82|
|100d mov avg||$121.63|
|200d mov avg||$102.99|
|Earnings date||August 9th, 2021|