SBA COMMUNICATIONS CORP (SBAC) Stock Technical Analysis
USA - NASDAQ:SBAC - US78410G1040 - REIT
194.75 USD
-1.04 (-0.53%)
194.5 USD
-0.25 (-0.13%)
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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, SBAC is a bad performer in the overall market: 80% of all stocks are doing better.
SBAC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month SBAC has a been trading in the 185.45 - 200.00 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
SBAC has an average volume of 1309240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SBAC is an average performer in the Specialized REITs industry, it outperforms 41% of 30 stocks in the same industry.
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 resistance zone just above the current price starting at 198.69. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 194.40, a Stop Loss order could be placed below this zone.
More info and screens
185.61
256.23
We found 1 important support area.
- A support zone ranging from 187.48 to 194.40. 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 7 important areas.
- A resistance zone ranging from 198.69 to 200.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @224.91 from a horizontal line in the daily time frame.
- A resistance zone ranging from 228.75 to 230.87. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @235.51 from a horizontal line in the daily time frame.
- Resistance @239.32 from a trend line in the weekly time frame.
- Resistance @247.47 from a horizontal line in the weekly time frame.
- 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 | 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 | 20.29 | NEGATIVE | SBAC has a low relative strength, it was outperformed by 79.71% 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) | 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) | 49.39 | NEUTRAL | The RSI value for SBAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests SBAC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.82 | NEUTRAL | The Stochastics value for SBAC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.32 | MEDIUM VOLATILITY | The ATR as a percentage value for SBAC suggests some volalility. |
| Average Directional Index/ADX (14) | 20.75 | NEUTRAL | The ADX value for SBAC suggests a possible start of a new 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)
194.75
-1.04 (-0.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustrySpecialized REITs
Performance
% Chg-0.53%
1 Week1.89%
2 Weeks-0.69%
1 Month3.87%
3 Month-11.82%
6 Month-18.75%
12 Month-13.03%
2 Year-21.14%
3 Year-34.93%
5 Year-32.19%
10 Year85.19%
15 Year397.45%
Volatility
ATR(14)4.43
ATR(20)%2.32%
ATR Inc-9.64%
Range Today4.85
ADR(20)4.37
ADR(20)%2.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.29
3 months CRS16.28
6 months CRS12.55
Mansfield-1.85
10 Day High200
10 Day Low187.44
20 Day High200
20 Day Low185.45
52 Week High245.16
52 Week Low185.45
CS1 End194.4
CR1 Start198.69
Volume & EV
DER(3)-0.81%
DER(5)-0.25%
Volume999.20K
Volume Incr22.61%
Vol(5)1.32M
Vol(50)1.31M
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.
What is the trend direction for SBAC stock?
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 49.3937. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SBA COMMUNICATIONS CORP?
The short term momentum for SBA COMMUNICATIONS CORP (SBAC) is neutral.