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Archive
- 4/5/2024 -
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SL Green Realty (SLG) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the SL Green Realty (SLG). During the week, the SLG dropped -3.40 points, or -6.17%, and closed at 51.73 on Friday, April 5, 2024. Weekly volume was -49% below average.
SLG is a member of Real Estate Sector. Real Estate is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See SLG long-term trend chart]
A long-term uptrend had started on March 24, 2023 at 19.07 and reached 55.75 on March 28, 2024. SLG gained -36.68 points, or -192.34%, in 52 weeks. The price is now at the 10.96% retracement level.
Medium-term trend: [See SLG medium-term trend chart]
A medium-term uptrend had started on November 1, 2023 at 28.55 and reached 55.75 on March 28, 2024. SLG gained -27.20 points, or -95.27%, in 21 weeks. The price is now at the 14.78% retracement level.
 Weekly Technical Indicators: [See SLG weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since December 1, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See SLG short-term trend chart]
A short-term uptrend had started on January 18, 2024 at 41.81 and reached 55.75 on March 28, 2024. SLG gained -13.94 points, or -33.34%, in 70 days. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 42.08 and resistance is at 56.62. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See SLG daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
The distance between the Bollinger Bands is falling, and it was 10.98% on Friday. It is 50.97% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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