Taking everything into account, SBAC scores 0 out of 10 in our technical rating. SBAC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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
179.61
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 190.96 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 198.69 to 202.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @230.87 from a horizontal line in the daily time frame.
- Resistance @234.88 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 | 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 | 25.4 | NEGATIVE | SBAC has a low relative strength, it was outperformed by 74.6% 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) | 28.84 | OVERSOLD | The low RSI value suggests SBAC may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.68 | NEGATIVE | The MACD value suggests SBAC has a negative trend. |
| Stochastics (14,3) | 21.16 | NEUTRAL | The Stochastics value for SBAC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for SBAC suggests low volalility. |
| Average Directional Index/ADX (14) | 14.82 | NEGATIVE | The low ADX value for SBAC suggests a weak or negative trend. |
181.42
-6.7 (-3.56%)
SBA COMMUNICATIONS CORP / SBAC 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 28.8404. 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 190.96. Check the full technical report for our detailed analysis of SBAC support and resistance levels.