Simon Property Group Inc

SPG remains in a Stage 2 advancing regime within a long-term uptrend, and the active Momentum Breakout signals fresh demand overwhelming prior supply. However, price is extended above rising EMAs with extreme overbought conditions. Patience is warranted: wait for a pullback into the confluence of the 9 and 21 EMA—or prior resistance-turned-support—for higher-probability entry.

• ↑Q1 real estate FFO rose 7.5% YoY to $3.17/sh, beating $2.98 est
• ↑U.S. mall occupancy at 96%, retailer sales per sq ft up 12%
• ↓Shares trade at 16x price-to-FFO, deemed fully valued by analysts