Overall SBAC gets a technical rating of 1 out of 10. SBAC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, SBAC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 192.25, a Stop Loss order could be placed below this zone.
More info and screens
185.09
We found 1 important support area.
- A support zone ranging from 186.96 to 192.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 198.69 to 202.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @230.87 from a horizontal line in the daily time frame.
- Resistance @235.07 from a trend line in the weekly time frame.
- Resistance @247.47 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for SBAC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SBAC is neutral. |
| ChartMill Relative Strength | 35.52 | NEUTRAL | SBAC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SBAC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SBAC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SBAC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.15 | NEUTRAL | The RSI value for SBAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.44 | POSITIVE | The MACD value suggests SBAC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.11 | NEUTRAL | The Stochastics value for SBAC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.67 | LOW VOLATILITY | The low ATR as a percentage value for SBAC suggests low volalility. |
| Average Directional Index/ADX (14) | 9.55 | NEGATIVE | The low ADX value for SBAC suggests a weak or negative trend. |
192.48
-0.95 (-0.49%)
SBA COMMUNICATIONS CORP / SBAC FAQ
What is the ChartMill technical rating of SBA COMMUNICATIONS CORP (SBAC) stock?
ChartMill assigns a technical rating of 1 / 10 to SBAC.
Can you provide the trend direction for SBA COMMUNICATIONS CORP?
The current trend direction for SBA COMMUNICATIONS CORP (SBAC) is Bearish.
Can you provide the RSI signal for SBA COMMUNICATIONS CORP?
SBA COMMUNICATIONS CORP (SBAC) has an RSI value of 50.1483. This indicates that the stock is currently neutral.
What is the support and resistance level for SBAC stock?
SBA COMMUNICATIONS CORP (SBAC) has a support level at 192.25 and a resistance level at 198.69. Check the full technical report for our detailed analysis of SBAC support and resistance levels.