SPG breakout within the next 9 monthsSPG has been consolidating since late 2018. I predict a break to the upside as the price movement contracts over the next 3-9 months.. SPG currently sits just below the 61.8% fib with strong support at 135.68. A true breakout would occur after 157.72 (61.8% fib).
Notes:
SPG Jan 2026 145.000 call currently has 1,431 open interest as of 7/11/24, trading at 18.78/contract.
The 190 and 200 strike calls are attractive from a TA perspective, but there's not much open interest yet (under 10 contracts) and these may be tough to sell at exit.
SPG Jan 2026 190.000 call currently has 6 open interest, trading at 4.3/contract.
SPG Jan 2026 200.000 call currently has 10 open interest, trading at 3.0/contract.
SPG
Real Estate Blue Chip SPG Simon Property“This is the paradox of public space: even if everyone knows an unpleasant fact, saying it in public changes everything. One of the first measures taken by the new Bolshevik government in 1918 was to make public the entire corpus of tsarist secret diplomacy, all the secret agreements, the secret clauses of public agreements etc. There too the target was the entire functioning of the state apparatuses of power.”
Simon Property Group seeks hyper-privatization of property, by which they can expand their capital and power network
Political outcomes will drive the future for this corporation. Midterms of 2022 will be a catalyst to the upside, but then 2024 presidential cycle holds the true power.
Simon Property Group going back to major support Major Inv C and H on Daily has formed...
The price is having some type of recovery before the price continues down.
It's a conservative entry to enter when the price is below the brim level.
This will confirm the downside to come to around $51.00
Also with Moving Averages - 200 > 21 > 7
Bearish
Target $51.00
Classic Cup & Handle patternWe are seeing a cup & head pattern on this real estate ETF.
How to enter a position:
First entry: 20% of full amount, when it breaks the high of the handle of the cup.
Second entry: 80% is the cross above the high of the cup, confirming the bullish pattern.
Risk-reward setup:
Profit-exit: Full target is $53 approximately. 10sma has been working well with a trailing stop for a partial sell.
Loss-exit: the target is denied, if we close below the november 1st low; at which point I would exit 100%.
Good luck, and have a great weekend everyone!
Sector early indicator? Yes, Real Estate can be sometimes.The Real Estate sector - here represented by iShares U.S. Real Estate ETF (IYR, in orange), Simon Property Group (SPG, in purple), Equity Residential (EQR, in red), - can sometimes act as an early indicator against the broader market (here represented by the DJIA in gray, and the NASDAQ in black)... falling from peaks in 1998, Feb 2007, Mar 2015, Nov 2017.
SPG - uptrend or not really?I see couple of gaps to be filled here.
So the question is - where do we go first?
Will the lower gap be filled during the shopping frenzy? Do not think so.
Moreover - do we see a golden cross forming here???
Yep! So first we go to 95-100 in Jan, and then (maybe…) back to 60’s in Feb-Mar.
SPG analysis1. Broke out of the downstrend since Oct.6th. (Orange line)
2. 200 MA has been a resistance level, marking the top on Oct. 23rd. Today the test of 200MA seems to have failed -- see the increased volume drop in the last trading hours.
3. Going forward, expect price to retest the green line, around $64(-1.36% downside), and rebound. If SPG manages to keep the current uptrend and break through the 200MA, next resistance is at 67.69(4.17% upside)
Good luck trading!
Get in SPG while its cheap - if you have toNYSE:SPG mostly trading sideways after June. As a COVID recovery candidate, if you want to get in early, sell put strike $65 weekly for a premium around $250. Even if you get assigned, that brings your avg to $62.5, which is below the POC from fixed range volume and the buying spree on 8/10
$SPG Long Term Bullish$SPG Oversold at Support - Bullish Options Activity
Falling wedge into uptrend lower channel support line - expecting a break of the wedge to the upside near term.
Medium Term Target: $95.00 by mid-Sept
Bullish Options Activity Today:
1,100 $130.00 strike (deep out-of-the-money) Jan'2022 (18 months from exp) calls traded today for a premium outlay of ~$500K
With Friday's closing price of $60.57...this stock would have to more than double from here for these calls to finish ITM. This options trade is a big bet on a post-COVID retail/malls recovery.
Simon Property Group Technical Analysis -SPGSPG - Simon Property Group - HOLD.
Based on the fear/concerns about a second wave of COVID-19 prices might keep going down as the support level was broken last week. If on Monday, the price will close above the resistance level, perhaps there might be an opportunity to go long
SPG - Simon Property Group Technical AnalysisTechnical Analysis - Go long
Fundamental News Today
Simon Property Group (SPG) – Simon is suing apparel retailer Gap (GPS) over nearly $66 million in unpaid rent, according to online real estate publication The Real Deal. Gap is the largest tenant for the nation’s largest mall operator.
SPG - Clothes, Food Court, Window Shopping...its all coming backAmerica will open back up soon. Several states already open, like Texas and Georgia. Many more states will open next week.
What will people do when things are open again? Go shopping! C'mon, everyone loves the Mall - clothes, games, food!
We all miss that stuff and guess what, SPG owns most of the malls in USA. When news hits that ALL malls are open in USA, what do you think will happen to this stock?
Position: MAY 15 - Entry - Long 200 shares SPG @ 51.27