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.
Besides having an excellent technical rating, SBRA also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 19.55. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 19.18, a Stop Loss order could be placed below this zone.
More info and screens
17.06
We found 3 important support areas.
- A support zone ranging from 18.17 to 19.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.71 to 17.74. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 17.23 to 17.42. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 19.55 to 19.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for SBRA is neutral. |
| ChartMill Relative Strength | 60.71 | 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) | 55.07 | NEUTRAL | The RSI value for SBRA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests SBRA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 48.92 | NEUTRAL | The Stochastics value for SBRA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for SBRA suggests some volalility. |
| Average Directional Index/ADX (14) | 18.16 | 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 |
|---|---|---|---|
| 19.68 | 18.72 | 0.97 (4.90%) | 20.39% |
| An entry @19.68. This is a Buy Stop order right above the resistance zone. | An exit @18.71. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.97 points, which is 4.90%. | For a 1.00% total portfolio risk, you can invest 20.39% of your capital in this trade. |
- 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.
19.18
+0.39 (+2.08%)
SABRA HEALTH CARE REIT INC / SBRA FAQ
What is the ChartMill technical rating of SABRA HEALTH CARE REIT INC (SBRA) stock?
ChartMill assigns a technical rating of 7 / 10 to SBRA.
What is the trend direction for SBRA stock?
The current trend direction for SABRA HEALTH CARE REIT INC (SBRA) is Bullish.
What is the RSI signal for SABRA HEALTH CARE REIT INC (SBRA) stock?
SABRA HEALTH CARE REIT INC (SBRA) has an RSI value of 55.0683. This indicates that the stock is currently neutral.
What is the short term momentum for SBRA stock?
The short term momentum for SABRA HEALTH CARE REIT INC (SBRA) is neutral.
What is the support and resistance level for SBRA stock?
SABRA HEALTH CARE REIT INC (SBRA) has a support level at 19.18 and a resistance level at 19.55. Check the full technical report for our detailed analysis of SBRA support and resistance levels.