SBA COMMUNICATIONS

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	SBAC
ISIN:

SBA COMMUNICATIONS - Daily - Technical analysis published on 01/25/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bearish

Technical indicators

28%

50%

22%

My opinion

Bearish under 237.98 USD

My targets

219.26 USD (-5.72%)

211.55 USD (-9.03%)

My analysis

SBA COMMUNICATIONS is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 237.98 USD, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 219.26 USD. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 211.55 USD would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 202.16 USD. Beware of a possible return to above the resistance located at 237.98 USD which would be a sign of a correction of the short-term bearish excesses registered.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

2.9

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The SBA COMMUNICATIONS price is 232.56 USD. The price registered an increase of +2.32% on the session and was traded between 230.15 USD and 234.63 USD over the period. The price is currently at +1.05% from its lowest and -0.88% from its highest.

230.15

234.63

232.56

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

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by SBA COMMUNICATIONS:

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

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of SBA COMMUNICATIONS in Daily shows an overall slightly bearish trend. 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : Daily

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	202.16	211.55	219.26	232.56	237.98	246.30	254.98
Change (%)	-13.07%	-9.03%	-5.72%	-	+2.33%	+5.91%	+9.64%
Change	-30.40	-21.01	-13.30	-	+5.42	+13.74	+22.42
Level	Minor	Minor	Major	-	Major	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	212.60	219.80	223.54	230.74	234.48	241.68	245.42
Camarilla	224.27	225.27	226.28	227.28	228.28	229.29	230.29
Woodie	210.87	218.94	221.81	229.88	232.75	240.82	243.69
Fibonacci	219.80	223.98	226.56	230.74	234.92	237.50	241.68

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	211.77	219.87	225.37	233.47	238.97	247.07	252.57
Camarilla	227.14	228.39	229.63	230.88	232.13	233.37	234.62
Woodie	210.48	219.22	224.08	232.82	237.68	246.42	251.28
Fibonacci	219.87	225.06	228.27	233.47	238.66	241.87	247.07

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	221.36	229.86	241.77	250.27	262.18	270.68	282.59
Camarilla	248.08	249.95	251.82	253.69	255.56	257.43	259.30
Woodie	223.08	230.71	243.49	251.12	263.90	271.53	284.31
Fibonacci	229.86	237.65	242.47	250.27	258.06	262.88	270.68

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	40.31
MACD (12,26,9):	-3.6600
Directional Movement:	-12.28
AROON (14):	-92.86
DEMA (21):	234.94
Parabolic SAR (0,02-0,02-0,2):	241.58
Elder Ray (13):	-3.76
Super Trend (3,10):	246.13
Zig ZAG (10):	232.70
VORTEX (21):	0.7800
Stochastique (14,3,5):	15.04
TEMA (21):	229.02
Williams %R (14):	-76.03
Chande Momentum Oscillator (20):	-15.89
Repulse (5,40,3):	-3.4400
ROCnROLL:	2
TRIX (15,9):	-0.1200
Courbe Coppock:	14.51

MA7:	231.87
MA20:	241.96
MA50:	242.52
MA100:	224.07
MAexp7:	232.96
MAexp20:	238.49
MAexp50:	237.36
MAexp100:	232.78
Price / MA7:	+0.30%
Price / MA20:	-3.88%
Price / MA50:	-4.11%
Price / MA100:	+3.79%
Price / MAexp7:	-0.17%
Price / MAexp20:	-2.49%
Price / MAexp50:	-2.02%
Price / MAexp100:	-0.09%

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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