SBA COMMUNICATIONS CORP (SBAC) Stock Technical Analysis
NASDAQ:SBAC - Nasdaq - US78410G1040 - REIT - Currency: USD
Taking everything into account, SBAC scores 5 out of 10 in our technical rating. SBAC has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
SBAC is one of the better performing stocks in the Specialized REITs industry, it outperforms 75% of 30 stocks in the same industry.
When comparing the performance of all stocks over the past year, SBAC turns out to be only a medium performer in the overall market: it outperformed 49% of all stocks.
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.
In the last month SBAC has a been trading in the 226.05 - 240.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SBAC has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 228.84, a Stop Loss order could be placed below this zone.
More info and screens
186.21
256.23
When analyzing the support we can see 4 important areas.
- A support zone ranging from 222.09 to 228.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @208.56 from a horizontal line in the daily time frame.
- Support @191.88 from a horizontal line in the weekly time frame.
- Support @188.09 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 231.91 to 235.51. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 240.12 to 242.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 247.47 to 249.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @253.69 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 | NEUTRAL | NEUTRAL | The short term trend for SBAC is neutral. |
| ChartMill Relative Strength | 49.21 | NEUTRAL | SBAC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SBAC is below 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 | MIXED | The current price of SBAC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.81 | NEUTRAL | The RSI value for SBAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.5 | NEGATIVE | The MACD value suggests SBAC has a negative trend. |
| Stochastics (14,3) | 22.04 | NEUTRAL | The Stochastics value for SBAC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for SBAC suggests some volalility. |
| Average Directional Index/ADX (14) | 10.28 | NEGATIVE | The low ADX value for SBAC suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
230.03
-2.31 (-0.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustrySpecialized REITs
Performance
% Chg-0.99%
1 Week-1.8%
2 Weeks-2.05%
1 Month0.97%
3 Month0.42%
6 Month12.98%
12 Month10.06%
2 Year5.06%
3 Year-31.5%
5 Year-26.16%
10 Year90.55%
15 Year535.79%
Volatility
ATR(14)4.9
ATR(20)%2.09%
ATR Inc-24.65%
Range Today3.2
ADR(20)4.61
ADR(20)%2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.21
Mansfield-0.42
10 Day High240.4
10 Day Low227.56
20 Day High240.4
20 Day Low226.05
52 Week High252.64
52 Week Low192.55
CS1 End228.84
CR1 Start231.91
Volume & EV
DER(3)-1.84%
DER(5)-0.02%
Volume610.62K
Volume Incr-11.68%
Vol(5)611.80K
Vol(50)717.71K