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SBA COMMUNICATIONS
SBA COMMUNICATIONS
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: SBAC
ISIN:

SBA COMMUNICATIONS - 1H - Technical analysis published on 06/18/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
11%
56%
33%
My opinion
Bearish under 192.12 USD
My targets
186.98 USD (-2.10%)
178.61 USD (-6.48%)
My analysis
SBA COMMUNICATIONS is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 192.12 USD. The next support located at 186.98 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 178.61 USD. Below this support, sellers could then target 121.26 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
6.4

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.

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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The SBA COMMUNICATIONS price is 190.99 USD. The price is lower by -0.11% since the last closing with the lowest point at 190.99 USD and the highest point at 193.48 USD. The deviation from the price is 0% for the low point and -1.29% for the high point.

190.99
193.48
190.99

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

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 Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


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 this 1H chart of SBA COMMUNICATIONS indicates that the overall trend is strongly bearish. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour



Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 121.26 186.98 190.32 190.99 192.12 195.21 198.31
Change (%) -36.51% -2.10% -0.35% - +0.59% +2.21% +3.83%
Change -69.73 -4.01 -0.67 - +1.13 +4.22 +7.32
Level Minor Major Intermediate - Minor Minor 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
Standard184.66187.49189.34192.17194.02196.85198.70
Camarilla189.90190.33190.76191.19191.62192.05192.48
Woodie184.17187.25188.85191.93193.53196.61198.21
Fibonacci187.49189.28190.38192.17193.96195.06196.85


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard178.61184.84190.40196.63202.19208.42213.98
Camarilla192.72193.80194.88195.96197.04198.12199.20
Woodie178.28184.67190.07196.46201.86208.25213.65
Fibonacci184.84189.34192.13196.63201.13203.92208.42


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard159.40171.07183.87195.54208.34220.01232.81
Camarilla189.95192.19194.44196.68198.92201.17203.41
Woodie159.98171.35184.45195.82208.92220.29233.39
Fibonacci171.07180.41186.19195.54204.88210.66220.01

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): 38.11
MACD (12,26,9): -1.1000
Directional Movement: -8.29
AROON (14): -14.28
DEMA (21): 191.67
Parabolic SAR (0,02-0,02-0,2): 193.11
Elder Ray (13): -1.11
Super Trend (3,10): 195.56
Zig ZAG (10): 191.04
VORTEX (21): 0.7900
Stochastique (14,3,5): 24.30
TEMA (21): 190.85
Williams %R (14): -87.88
Chande Momentum Oscillator (20): -4.92
Repulse (5,40,3): -0.8300
ROCnROLL: 2
TRIX (15,9): -0.0700
Courbe Coppock: 3.99
MA7: 193.86
MA20: 193.48
MA50: 195.75
MA100: 204.77
MAexp7: 191.77
MAexp20: 192.99
MAexp50: 194.05
MAexp100: 194.32
Price / MA7: -1.48%
Price / MA20: -1.29%
Price / MA50: -2.43%
Price / MA100: -6.73%
Price / MAexp7: -0.41%
Price / MAexp20: -1.04%
Price / MAexp50: -1.58%
Price / MAexp100: -1.71%

Quotes : - 15 min delayed data - NASDAQ Stocks

News


The latest news and videos published on SBA COMMUNICATIONS at the time of the analysis were as follows:

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

About author

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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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