SABRA HEALTH CARE REIT INC (SBRA) Stock Technical Analysis
USA - NASDAQ:SBRA - US78573L1061 - REIT
We assign a technical rating of 5 out of 10 to SBRA. SBRA has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
Although the technical rating is only medium, SBRA 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 18.77. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.59, a Stop Loss order could be placed below this zone.
More info and screens
17.06
2 important support areas can be observed.
- A support zone ranging from 18.11 to 18.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.23 to 17.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 18.77 to 18.83. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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 | 45.24 | 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) | DOWN | MIXED | The current price of SBRA is above a declining 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) | 55.32 | NEUTRAL | The RSI value for SBRA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SBRA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.38 | NEUTRAL | The Stochastics value for SBRA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for SBRA suggests some volalility. |
| Average Directional Index/ADX (14) | 22.97 | NEUTRAL | The ADX value for SBRA suggests a possible start of a new trend. |
18.73
+0.18 (+0.97%)
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 5 / 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 55.3154. 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 18.59 and a resistance level at 18.77. Check the full technical report for our detailed analysis of SBRA support and resistance levels.