SABRA HEALTH CARE REIT INC (SBRA) Stock Technical Analysis
NASDAQ:SBRA - Nasdaq - US78573L1061 - REIT - Currency: USD
Taking everything into account, SBRA scores 7 out of 10 in our technical rating. Although SBRA is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
SBRA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 18.91. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.66, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
17.14
When analyzing the support we can see 2 important areas.
- A support zone ranging from 18.07 to 18.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.31 to 17.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @18.91 from a horizontal line in the daily 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 SBRA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SBRA is up. |
| ChartMill Relative Strength | 57.25 | NEUTRAL | SBRA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SBRA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SBRA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SBRA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.78 | NEUTRAL | The RSI value for SBRA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests SBRA has a positive trend. |
| Stochastics (14,3) | 73.03 | NEUTRAL | The Stochastics value for SBRA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.97 | LOW VOLATILITY | The low ATR as a percentage value for SBRA suggests low volalility. |
| Average Directional Index/ADX (14) | 16.52 | NEGATIVE | The low ADX value for SBRA suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 18.92 | 18.06 | 0.86 (4.55%) | 22.00% |
| An entry @18.92. This is a Buy Stop order right above the resistance zone. | An exit @18.06. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.86 points, which is 4.55%. | When investing 22.00% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
18.72
+0.04 (+0.21%)