SBA COMMUNICATIONS CORP (SBAC) Stock Technical Analysis
NASDAQ:SBAC • US78410G1040
Overall SBAC gets a technical rating of 7 out of 10. Although SBAC is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- 70% of all other stocks performed better in the past year than SBAC.
- SBAC is one of the lesser performing stocks in the Specialized REITs industry. 70% of 28 stocks in the same industry do better.
- Both the short term and long term trends are positive. This is a very positive sign.
- SBAC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- SBAC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SBAC is lagging the market.
SBAC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 201.61. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 199.97, a Stop Loss order could be placed below this zone.
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177.84
3 important support areas can be observed.
- A support zone ranging from 197.97 to 199.97. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 190.01 to 193.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 179.64 to 181.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 201.61 to 203.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @233.50 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 | UP | POSITIVE | The long term trend for SBAC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SBAC is up. |
| ChartMill Relative Strength | 30.71 | 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) | UP | POSITIVE | The current price of SBAC is above the rising 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) | 63.83 | NEUTRAL | The RSI value for SBAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.44 | POSITIVE | The MACD value suggests SBAC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.67 | OVERBOUGHT | The high Stochastics value suggests SBAC may be overbought. |
| Average True Range in percent/ATR (20) | 2.59 | MEDIUM VOLATILITY | The ATR as a percentage value for SBAC suggests some volalility. |
| Average Directional Index/ADX (14) | 21.13 | NEUTRAL | The ADX value for SBAC suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 203.14 | 197.96 | 5.18 (2.55%) | 25.00% |
| An entry @203.14. This is a Buy Stop order right above the resistance zone. | An exit @197.96. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.18 points, which is 2.55%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.64%. |
- The distance between exit and entry is rather small compared to the average daily movement of SBAC. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
201.6
+1.96 (+0.98%)
SBA COMMUNICATIONS CORP / SBAC FAQ
What is the ChartMill technical rating of SBA COMMUNICATIONS CORP (SBAC) stock?
ChartMill assigns a technical rating of 7 / 10 to SBAC.
Can you provide the trend direction for SBA COMMUNICATIONS CORP?
The current trend direction for SBA COMMUNICATIONS CORP (SBAC) is Bullish.
Can you provide the RSI signal for SBA COMMUNICATIONS CORP?
SBA COMMUNICATIONS CORP (SBAC) has an RSI value of 63.834. This indicates that the stock is currently neutral.
What is the buy/sell signal for SBAC stock?
The buy/sell signal for SBA COMMUNICATIONS CORP (SBAC) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for SBA COMMUNICATIONS CORP (SBAC) stock?
SBA COMMUNICATIONS CORP (SBAC) has a support level at 199.97 and a resistance level at 201.61. Check the full technical report for our detailed analysis of SBAC support and resistance levels.