SBA COMMUNICATIONS

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Change:	-
Volume:	-

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High / Low range:	-

Type:	Stocks
Ticker:	SBAC
ISIN:

SBA COMMUNICATIONS - 1H - Technical analysis published on 08/06/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bullish

Technical indicators

11%

67%

22%

My opinion

Bearish under 226.62 USD

My targets

215.26 USD (-2.60%)

201.87 USD (-8.66%)

My analysis

The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for SBA COMMUNICATIONS as long as the price remains well below 226.62 USD. The next bearish objective for sellers is set at 215.26 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 201.87 USD. In case of crossing, the next objective would be the support located at 193.47 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 215.26 USD. With this support, against the trend traders who want to buy SBA COMMUNICATIONS on a buy signal from their trading strategy should not hesitate to act.

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

2.1

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

Additional analysis

Quotes

The SBA COMMUNICATIONS price is 221.01 USD. The price is lower by -0.05% since the last closing and was between 218.51 USD and 222.92 USD. This implies that the price is at +1.14% from its lowest and at -0.86% from its highest.

218.51

222.92

221.01

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

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

Technical

Technical analysis of SBA COMMUNICATIONS in 1H shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Moving Average bearish crossovers : AMA20 & AMA50

Type : Bearish

Timeframe : 1 hour

Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

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

Price is back under the pivot point

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	193.47	201.87	215.26	221.01	221.58	226.62	230.88
Change (%)	-12.46%	-8.66%	-2.60%	-	+0.26%	+2.54%	+4.47%
Change	-27.54	-19.14	-5.75	-	+0.57	+5.61	+9.87
Level	Minor	Major	Major	-	Minor	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	207.36	213.80	217.46	223.90	227.56	234.00	237.66
Camarilla	218.33	219.26	220.18	221.11	222.04	222.96	223.89
Woodie	205.96	213.11	216.06	223.21	226.16	233.31	236.26
Fibonacci	213.80	217.66	220.05	223.90	227.76	230.15	234.00

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	189.57	200.60	215.17	226.20	240.77	251.80	266.37
Camarilla	222.69	225.04	227.38	229.73	232.08	234.42	236.77
Woodie	191.33	201.49	216.93	227.09	242.53	252.69	268.13
Fibonacci	200.60	210.38	216.42	226.20	235.98	242.02	251.80

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	161.01	174.03	196.79	209.81	232.57	245.59	268.35
Camarilla	209.70	212.98	216.26	219.54	222.82	226.10	229.38
Woodie	165.87	176.47	201.65	212.25	237.43	248.03	273.21
Fibonacci	174.03	187.70	196.15	209.81	223.48	231.93	245.59

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):	42.61
MACD (12,26,9):	-0.7000
Directional Movement:	-14.43
AROON (14):	-57.14
DEMA (21):	223.33
Parabolic SAR (0,02-0,02-0,2):	225.13
Elder Ray (13):	-1.81
Super Trend (3,10):	227.77
Zig ZAG (10):	221.01
VORTEX (21):	0.8500
Stochastique (14,3,5):	21.68
TEMA (21):	220.93
Williams %R (14):	-81.50
Chande Momentum Oscillator (20):	-5.99
Repulse (5,40,3):	-0.5000
ROCnROLL:	2
TRIX (15,9):	0.0200
Courbe Coppock:	6.74

MA7:	222.03
MA20:	213.88
MA50:	201.62
MA100:	202.16
MAexp7:	221.90
MAexp20:	223.64
MAexp50:	221.82
MAexp100:	217.34
Price / MA7:	-0.46%
Price / MA20:	+3.33%
Price / MA50:	+9.62%
Price / MA100:	+9.32%
Price / MAexp7:	-0.40%
Price / MAexp20:	-1.18%
Price / MAexp50:	-0.37%
Price / MAexp100:	+1.69%

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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