SPG Price Prediction Next Week
Based on the provided data and technical analysis, here's the prediction for SPG's stock price next week:
Technical Analysis
- Current price is trading around $173.39 (Fibonacci pivot point)
- RSI(14) at 50.06 indicates neutral momentum
- MACD at -0.33 shows slightly bearish short-term momentum
- Price is trading above both 20-day MA ($173.45) and 200-day MA ($158.85), indicating an overall bullish trend
News Sentiment Analysis
- Recent news shows Simon Property Group demonstrating strong operational performance
- The company maintains high occupancy rates in the mid-90% range for its premium retail properties
- Q3 2024 showed positive results with occupancy at 96.2%, higher than pre-pandemic levels
- The company has a robust $4 billion redevelopment pipeline supporting future growth
Price Prediction for Next Week Based on Fibonacci levels:
- Resistance levels: R1: $176.10, R2: $177.78, R3: $180.49
- Support levels: S1: $170.68, S2: $169.00, S3: $166.29
The stock is likely to trade between $170.68 (S1) and $176.10 (R1) next week. Given the neutral RSI and slightly negative MACD, combined with positive fundamental factors, the stock is expected to consolidate around $174-175 level.
Trading Recommendation: HOLD
- Current price levels suggest a neutral trading stance
- Wait for clearer technical signals before initiating new positions
- Strong support exists at $170.68, which could be a better entry point for new long positions
SPG Similar Chart Price Prediction
The price of SPG is predicted to go up 0.14%, based on the high correlation periods with IPAR. The similarity of these two price pattern on the periods is 91.77%.
SPG
IPAR
Up: 0.14%Similarity: 91.77%
SPG Revenue Forecast
SPG EPS Forecast
SPG FAQs
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SPG VS S&P500
Simon's access to capital, scale, and validated record position the firm to execute on any attractive and available investment opportunities.
Simon's high-quality portfolio will continue to present attractive locations for tenants to place stores, even as retail companies look to reduce store counts, and present the most desirable locations for e-tailers looking to establish a physical presence.
Simon's mall and outlet portfolio contains a high percentage of the best malls in the country, where redevelopment capital can be deployed at the most promising yields.
SPG Analyst's Forecast
Omotayo Okusanya
Deutsche Bank
Hold
Price Target
$195
Upside
+8.36%
Deutsche Bank initiated coverage of Simon Property with a Hold rating and $195 price target. The firm has a neutral view on the mall real estate investment trust sector in the near-term. While "healthy" retail fundamentals are a tailwind for the group, Deutsche Bank remains concerned about the potential negative impact of the macro environment on "currently elevated valuation levels," the analyst tells investors in a research note.
Vikram Malhorta
Mizuho
Hold
Price Target
$158 → $182
Upside
+0.27%