Sl Green Realty Corp. | SLG

Daily Technical Analysis of Sl Green Realty Corp.

Sl Green Realty is only slightly up on the day, shares traded 0.17% higher on the day.

Currently SLG isn't at a clear support/resistance line that seems tradable. But let's also consider momentum! Sl Green Realty has had a nice run over the last year and provided good returns to shareholders. Over the previous year, the REIT has grown 133.70 percent which isn't too bad. SLG may hit some resistance around the 46.79 level, more sellers may enter the market here and push price back down. But it's definitely not guaranteed.

Last analyzed on 2024-11-13

Analyst Ratings for Sl Green Realty By Price Target And Rating

The analysts feel fairly neutral on the prospects for SL Green Realty but a little more positive than negative. The current Analysts Sentiment Score is 13.87. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Morgan Stanley gave a boost to their price target and moved to $47.00 from $41.00 on 2024-03-28. Barclays upgraded from Underweight to Equal Weight on 2024-03-27 and also increased their price target by 37.14% to $48.00. Piper Sandler reiterated a rating of Overweight on 2024-03-26 and added a price target of $58.00. On 2024-03-18 there was a downgrade announced by Evercore ISI from In-Line to Underperform and provided a price target of $44.00. On 2024-01-30 Deutsche Bank Aktiengesel started covering SL Green Realty with a rating of Hold and added a price target of $50.00. On 2024-01-16 there was a downgrade announced by Truist Financial from Buy to Hold but moved up their price target to $47.00 which is a 6.82% increase. On 2024-01-11 The Goldman Sachs Group increased their price target by 20% to $36.00. BMO Capital Markets provided a price target boost of 29.41% to $44.00 from $34.00 on 2023-12-05. On 2023-09-26 Compass Point initiated their coverage and rated as Sell and they set their price target at $27.00.Bank of America gave a boost to their price target and moved to $36.00 from $27.00 on 2023-08-08.

Company	Ratings Score ? Composite analyst sentiment score	Positive Ratings	Negative Ratings	Boost Price Target	Lower Price Target
SLG	13.87	20.25	-4.08	12.16	-0.59

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2024-03-25)

Company	YOY Growth Score (typical -20 to +20)	Revision Directions (-6 to +6)
SLG	0.00	0.00

Short interest for SL Green Realty

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Company	Short Score (typical 1-15) ? We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)	Short Interest	Days to Cover	Rate of Change	Shares Short
SLG	20.07	%27.5	10.2	8.58	17610000

How SL Green Realty compares to the broader Real Estate sector and the more specific REITs industry

Segment	Count	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Demark Buy	Short Interest	Analysts Ratings ? We track several different measures of analyst sentiment including ratings and price targets. To create a composite Analyst Sentiment Score, we weight several factors such as the recent rate of change which can be more predictive than the absolute level. We also weight each analyst's opinion based on their historic accuracy. We built in a time decay function to ensure that the rating reflects the current sentiment levels. Typical range (-80 to +80)
REITs Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	136	-0.42	0.40	-0.96	0.34	12.42	19.35	54.80	28.72	27.25	20.42	-6017.01	-15559.06	0.74	5.15	4.89	1.64
Real Estate Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	156	-0.36	0.35	-0.87	0.69	14.45	21.60	54.51	31.18	27.80	21.60	-5674.43	-15585.76	1.60	4.49	4.91	1.70

Social Sentiment for SL Green Realty

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.

Ticker	Social Sentiment(1-10)
SLG

Companies with the highest correlation to SL Green Realty

Company	Score	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Short Interest Score
KRC \| Kilroy Realty Corp.	1.64	0.68	-1.70	-7.08	7.29	19.17	27.91	50	40.62	22.48	18.76	-1754.67	-16604.70	5.61102
VNO \| Vornado Realty Trust	1.63	-0.19	-1.59	-6.42	20.42	75.28	89.28	52	181.96	127.99	64.62	0.00	-40299.13	12.4122
BXP \| Boston Properties, Inc.	1.59	0.18	0.11	-9.18	7.11	33.13	48.38	36	41.97	42.51	37.21	-532.40	-25918.68	6.59239
BDN \| Brandywine Realty Trust	1.44	0.94	3.26	-0.92	3.45	17.43	33.75	42	12.61	19.93	22.61	-2926.30	-5848.21	8.22375
HIW \| Highwoods Properties Inc.	1.44	0.48	-0.66	-11.18	-0.97	24.79	75.12	26	72.76	73.18	143.74	-557.46	-33052.44	4.64914
DEI \| Douglas Emmett, Inc.	1.43	1.41	1.46	0.64	18.15	39.93	65.49	48	93.32	69.80	52.56	181.77	-31414.94	14.6485
CUZ \| Cousins Properties Inc.	1.38	0.55	1.14	-0.86	10.56	36.11	58.35	53	170.08	77.66	63.99	183.15	-40531.71	2.89061
HPP \| Hudson Pacific Properties	1.36	-3.00	-18.64	-30.54	-39.17	-33.81	-37.88	40	-97.78	-57.83	-59.23	-22856.55	158.53	12.2434

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