SBA COMMUNICATIONS CORP (SBAC) Technical Analysis
NASDAQ:SBAC • US78410G1040
Current stock price
SBAC Technical Rating and Analysis
Overall SBAC gets a technical rating of 0 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 79% of all other stocks performed better in the past year than SBAC.
- SBAC is part of the Specialized REITs industry. There are 28 other stocks in this industry, of which 88% are performing better than SBAC.
- SBAC is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so SBAC is lagging the market.
- In the last month SBAC has a been trading in the 173.77 - 206.38 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
SBAC Weekly and Daily overview Charts
SBAC Setup Rating and Analysis
The technical rating of SBAC is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
SBAC Support and Resistance Analysis
172.41
We can see 4 important resistance areas.
- A resistance zone ranging from 190.01 to 193.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 196.59 to 199.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @232.91 from a trend line in the weekly time frame.
- Resistance @247.47 from a horizontal line in the weekly time frame.
SBAC Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for SBAC is down. |
| ChartMill Relative Strength | 21.03 | NEGATIVE | SBAC has a low relative strength, it was outperformed by 78.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SBAC is below a declining 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) | 29.01 | OVERSOLD | The low RSI value suggests SBAC may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.16 | NEGATIVE | The MACD value suggests SBAC has a negative trend. |
| Stochastics (14,3) | 3.69 | OVERSOLD | The low Stochastics value suggests SBAC may be oversold. |
| Average True Range in percent/ATR (20) | 3 | MEDIUM VOLATILITY | The ATR as a percentage value for SBAC suggests some volalility. |
| Average Directional Index/ADX (14) | 18.09 | NEGATIVE | The low ADX value for SBAC suggests a weak or negative trend. |
SBAC Chart- and CandleStick Pattern Analysis
SBAC Technicals: Chart, Performance Metrics, Trend & Indicators
174.15
-8.13 (-4.46%)
SBA COMMUNICATIONS CORP / SBAC TA FAQ
What is the ChartMill technical rating of SBA COMMUNICATIONS CORP (SBAC) stock?
ChartMill assigns a technical rating of 0 / 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 29.0146. This indicates that the stock is currently oversold.
What is the buy/sell signal for SBAC stock?
The buy/sell signal for SBA COMMUNICATIONS CORP (SBAC) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for SBA COMMUNICATIONS CORP (SBAC) stock?
SBA COMMUNICATIONS CORP (SBAC) has a resistance level at 190.01. Check the full technical report for our detailed analysis of SBAC support and resistance levels.