SBA COMMUNICATIONS

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	SBAC
ISIN:

SBA COMMUNICATIONS - Weekly - Technical analysis published on 11/19/2022 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

33%

28%

39%

My opinion

Bearish under 317.51 USD

My targets

262.75 USD (-9.61%)

232.02 USD (-20.18%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SBA COMMUNICATIONS as long as the price remains well below 317.51 USD. The sellers' bearish objective is set at 262.75 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 232.02 USD. In case of crossing, the next objective would be the support located at 170.25 USD.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

4.1

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by ErnestMoney. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The SBA COMMUNICATIONS rating is 290.68 USD. The price registered a decrease of -2.45% over 5 days and has been traded over the last 5 days between 285.42 USD and 298.71 USD. This implies that the 5 day price is +1.84% from its lowest point and -2.69% from its highest point.

285.42

298.71

290.68

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Weekly of this SBA COMMUNICATIONS chart shows a bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : Weekly

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	232.02	262.75	288.24	290.68	317.51	336.29	353.73
Change (%)	-20.18%	-9.61%	-0.84%	-	+9.23%	+15.69%	+21.69%
Change	-58.66	-27.93	-2.44	-	+26.83	+45.61	+63.05
Level	Major	Major	Major	-	Intermediate	Intermediate	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	279.88	282.90	286.79	289.81	293.70	296.72	300.61
Camarilla	288.78	289.41	290.05	290.68	291.31	291.95	292.58
Woodie	280.32	283.12	287.23	290.03	294.14	296.94	301.05
Fibonacci	282.90	285.54	287.17	289.81	292.45	294.08	296.72

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	251.06	261.85	279.55	290.34	308.04	318.83	336.53
Camarilla	289.43	292.04	294.65	297.26	299.87	302.48	305.10
Woodie	254.53	263.58	283.02	292.07	311.51	320.56	340.00
Fibonacci	261.85	272.73	279.45	290.34	301.22	307.94	318.83

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	176.75	206.19	237.72	267.16	298.69	328.13	359.66
Camarilla	252.48	258.07	263.66	269.25	274.84	280.43	286.02
Woodie	177.80	206.71	238.77	267.68	299.74	328.65	360.71
Fibonacci	206.19	229.48	243.87	267.16	290.45	304.84	328.13

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	46.52
MACD (12,26,9):	-14.6700
Directional Movement:	-6.90
AROON (14):	-57.15
DEMA (21):	278.34
Parabolic SAR (0,02-0,02-0,2):	307.94
Elder Ray (13):	3.61
Super Trend (3,10):	315.25
Zig ZAG (10):	290.68
VORTEX (21):	0.9800
Stochastique (14,3,5):	42.65
TEMA (21):	269.35
Williams %R (14):	-53.88
Chande Momentum Oscillator (20):	-38.81
Repulse (5,40,3):	4.3500
ROCnROLL:	-1
TRIX (15,9):	-0.6000
Courbe Coppock:	33.87

MA7:	293.02
MA20:	276.15
MA50:	278.53
MA100:	304.29
MAexp7:	281.86
MAexp20:	296.58
MAexp50:	311.65
MAexp100:	307.47
Price / MA7:	-0.80%
Price / MA20:	+5.26%
Price / MA50:	+4.36%
Price / MA100:	-4.47%
Price / MAexp7:	+3.13%
Price / MAexp20:	-1.99%
Price / MAexp50:	-6.73%
Price / MAexp100:	-5.46%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

Don't forget to follow the news on SBA COMMUNICATIONS. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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