How These 2 Stocks Look on Technical Charts: Simon Property Group, Inc. (SPG), Equinix, Inc. (EQIX)

Simon Property Group, Inc. (NYSE:SPG) traded at an unexpectedly low level on 10/12/2017 when the stock experienced a -0.33% loss to a closing price of $164.54. The company saw 1.39 million shares trade hands over the course of the day. Given that its average daily volume over the 30 days has been 1.52 million shares a day, this signifies a pretty significant change over the norm.

Simon Property Group, Inc. (SPG) Analyst Gushes

Analysts are speculating a 45.86% move, based on the high target price ($240) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $190.14 price target, but the stock is already up 9.58% from its recent lows. However, the stock is trading at -17.67% versus recent highs ($199.85). Analysts believe that we could see stock price minimum in the $158 range (lowest target price), allowing for another -3.97% drop from its current position. Leading up to this report, we have seen a 2.56% rise in the stock price over the last 30 days and a 2.37% increase over the past 3 months. Overall, the share price is down -7.39% so far this year. Additionally, SPG had a day price range of $162.7 to $165.92.

Simon Property Group, Inc. (SPG) Price Potential

Heading into the stock price potential, Simon Property Group, Inc. needs to grow just 15.17% to cross its median price target of $189.5. In order to determine directional movement, the 50-day and 200-day moving averages for Simon Property Group, Inc. (NYSE:SPG) are $159.89 and $161.53. Given that liquidity is king in short-term, SPG is a stock with 311.58 million shares outstanding that normally trades 5.55% of its float. The stock price recently experienced a 5-day gain of 2.03% with 2.62 average true range (ATR). SPG has a beta of 0.62 and RSI is 59.75.

Equinix, Inc. (NASDAQ:EQIX)’s Lead Over its Technicals

On the other hand, Equinix, Inc. by far traveled 47.73% versus a 1-year low price of $314.55. The share price was last seen 1.25% higher, reaching at $464.7 on Oct. 12, 2017. At recent session, the prices were hovering between $458.38 and $468.22. This company shares are 7.17% off its target price of $498 and the current market capitalization stands at $36.02B. The recent change has given its price a 2.64% lead over SMA 50 and -2.23% deficit over its 52-week high. The stock witnessed 1.27% gains, 6.17% gains and 16.43% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found EQIX’s volatility during a week at 1.66% and during a month it has been found around 1.59%.

Equinix, Inc. (NASDAQ:EQIX) Intraday Metrics

Equinix, Inc. (EQIX) exchanged hands at an unexpectedly low level of 0.44 million shares over the course of the day. Noting its average daily volume at 0.45 million shares each day over the month, this signifies a pretty significant change over the norm.

Equinix, Inc. Target Levels

The market experts are predicting a 18.36% rally, based on the high target price ($550) for Equinix, Inc. shares that is likely to be hit in the 52 weeks. Analysts anticipate that traders could see stock price minimum in the $395 range (lowest target price). If faced, it would be a -15% drop from its current position. Overall, the share price is up 30.02% year to date.

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