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Simon Property Group's 15min chart shows RSI overbought and KDJ death cross.
ByAinvest
Tuesday, Aug 12, 2025 3:31 pm ET1min read
Simon Property Group's 15-minute chart has triggered both RSI Overbought and KDJ Death Cross indicators as of August 12, 2022, at 3:15 PM. This suggests that the stock price has risen too quickly and is now higher than its fundamental support level. Furthermore, the momentum of the stock price is shifting towards a downward trend and has the potential to further decline.
The 15-minute chart of Simon Property Group (SPG) has triggered both the Relative Strength Index (RSI) Overbought and the KDJ Death Cross indicators as of August 12, 2022, at 3:15 PM. These technical signals suggest that the stock price has risen too quickly and is now higher than its fundamental support level. Furthermore, the momentum of the stock price is shifting towards a downward trend, potentially leading to further declines.The RSI indicator, which measures the speed and change of price movements, fell below 70, indicating that the stock was overbought. The KDJ indicator, a momentum oscillator, crossed below its signal line, signaling a potential trend reversal [1]. These indicators suggest that the stock price has experienced a rapid increase, leading to a potential downward trend.
While these technical signals are concerning, it is important to note that they do not guarantee a future decrease in the stock price. The market is influenced by a variety of factors, including economic conditions, company performance, and investor sentiment. However, these technical indicators provide valuable insights into the stock's recent price action and can be used to inform trading decisions.
Investors and financial professionals should closely monitor Simon Property Group in the coming days and weeks to assess the validity of this potential downward trend. It is also advisable to conduct further analysis, including fundamental analysis, to gain a more comprehensive understanding of the stock's prospects.
References:
[1] https://www.ainvest.com/news/simon-property-group-rises-2-03-buyers-defend-key-support-160-50-2508/
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