SBA COMMUNICATIONS CORP (SBAC) Technical Analysis
NASDAQ:SBAC • US78410G1040
Taking everything into account, SBAC scores 5 out of 10 in our technical rating. SBAC has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- When comparing the yearly performance of all stocks, SBAC is a bad performer in the overall market: 73% of all stocks are doing better.
- SBAC is one of the lesser performing stocks in the Specialized REITs industry. 85% of 28 stocks in the same industry do better.
- SBAC is currently trading in the lower part of its 52 week range. The S&P500 Index however 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 177.49 - 206.38 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
Although the technical rating is only medium, SBAC does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 196.03, a Stop Loss order could be placed below this zone.
More info and screens
177.84
When analyzing the support we can see 2 important areas.
- A support zone ranging from 190.93 to 196.03. 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.
We can see 3 important resistance areas.
- A resistance zone ranging from 196.87 to 203.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @233.30 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 | NEUTRAL | NEUTRAL | The long term trend for SBAC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SBAC is neutral. |
| ChartMill Relative Strength | 27.97 | NEGATIVE | SBAC has a low relative strength, it was outperformed by 72.03% off all stocks 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) | 53.05 | NEUTRAL | The RSI value for SBAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.4 | NEGATIVE | The MACD value suggests SBAC has a negative trend. |
| Stochastics (14,3) | 32.22 | NEUTRAL | The Stochastics value for SBAC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for SBAC suggests some volalility. |
| Average Directional Index/ADX (14) | 19.55 | NEGATIVE | The low ADX value for SBAC suggests a weak or negative trend. |
SBAC Technicals: Chart, Performance Metrics, Trend & Indicators
196.58
+0.89 (+0.45%)
SBA COMMUNICATIONS CORP / SBAC FAQ
What is the ChartMill technical rating of SBA COMMUNICATIONS CORP (SBAC) stock?
ChartMill assigns a technical rating of 5 / 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 53.0532. 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 196.03 and a resistance level at 196.87. Check the full technical report for our detailed analysis of SBAC support and resistance levels.