Sl Green Realty Corp (SLG): Price Now Near $80.69; Daily Chart Shows An Uptrend on 100 Day Basis

The Hourly View for SLG

Currently, SLG (Get Ratings)’s price is down $-0.64 (-0.79%) from the hour prior. SLG has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20, 200 and 50 hour moving averages have been crossed, with price now being below them. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

SLG ranks 209th in terms of today’s price percentage change out of Trading stocks.

SLG’s Technical Outlook on the Daily Chart

At the time of this writing, SLG’s price is down $-1 (-1.22%) from the day prior. It’s been a feast for bears operating on the daily timeframe, as SLG has now gone down 4 of the past 5 days. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 day moving average, resulting in them with price now being below it. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The chart below shows SLG’s price action over the past 90 days.



SLG: Daily RSI Analysis

  • For SLG, its RSI is now at 53.0864.
  • SLG and RSI both have consistent trends, as they are both heading up.

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