SBA COMMUNICATIONS - 1H - Technical analysis published on 12/27/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
78%
0%
22%
My opinion
Bearish under 212.93 USD
My targets
200.06 USD (-1.81%)
197.16 USD (-3.23%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on SBA COMMUNICATIONS. As long as you are under the resistance located at 212.93 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 200.06 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 197.16 USD as an objective. Crossing it would then enable sellers to target 183.74 USD. If the resistance 212.93 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SBA COMMUNICATIONS rating is 203.75 USD. The price registered a decrease of -0.12% on the session and was traded between 201.89 USD and 205.52 USD over the period. The price is currently at +0.92% from its lowest and -0.86% from its highest.201.89
205.52
203.75
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this SBA COMMUNICATIONS chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 183.74 | 197.16 | 200.06 | 203.75 | 204.57 | 217.56 | 222.97 |
| Change (%) | -9.82% | -3.23% | -1.81% | - | +0.40% | +6.78% | +9.43% |
| Change | -20.01 | -6.59 | -3.69 | - | +0.82 | +13.81 | +19.22 |
| Level | Major | Intermediate | Major | - | Minor | Major | Intermediate |
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 | 198.75 | 199.85 | 201.92 | 203.02 | 205.09 | 206.19 | 208.26 |
| Camarilla | 203.13 | 203.42 | 203.71 | 204.00 | 204.29 | 204.58 | 204.87 |
| Woodie | 199.25 | 200.09 | 202.42 | 203.26 | 205.59 | 206.43 | 208.76 |
| Fibonacci | 199.85 | 201.06 | 201.81 | 203.02 | 204.23 | 204.98 | 206.19 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 178.43 | 187.80 | 195.68 | 205.05 | 212.93 | 222.30 | 230.18 |
| Camarilla | 198.83 | 200.41 | 201.99 | 203.57 | 205.15 | 206.73 | 208.31 |
| Woodie | 177.70 | 187.43 | 194.95 | 204.68 | 212.20 | 221.93 | 229.45 |
| Fibonacci | 187.80 | 194.39 | 198.46 | 205.05 | 211.64 | 215.71 | 222.30 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 196.18 | 203.81 | 215.07 | 222.70 | 233.96 | 241.59 | 252.85 |
| Camarilla | 221.14 | 222.87 | 224.60 | 226.33 | 228.06 | 229.79 | 231.53 |
| Woodie | 198.00 | 204.72 | 216.89 | 223.61 | 235.78 | 242.50 | 254.67 |
| Fibonacci | 203.81 | 211.03 | 215.48 | 222.70 | 229.92 | 234.37 | 241.59 |
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): | 55.60 | |
| MACD (12,26,9): | 0.1000 | |
| Directional Movement: | 9.10 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 202.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 201.11 | |
| Elder Ray (13): | 1.36 | |
| Super Trend (3,10): | 200.84 | |
| Zig ZAG (10): | 204.18 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 86.45 | |
| TEMA (21): | 204.16 | |
| Williams %R (14): | -27.39 | |
| Chande Momentum Oscillator (20): | 2.22 | |
| Repulse (5,40,3): | 0.7200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.23 |
| MA7: | 202.45 | |
| MA20: | 213.03 | |
| MA50: | 222.20 | |
| MA100: | 226.82 | |
| MAexp7: | 203.76 | |
| MAexp20: | 203.05 | |
| MAexp50: | 204.90 | |
| MAexp100: | 209.01 | |
| Price / MA7: | +0.64% | |
| Price / MA20: | -4.36% | |
| Price / MA50: | -8.30% | |
| Price / MA100: | -10.17% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.34% | |
| Price / MAexp50: | -0.56% | |
| Price / MAexp100: | -2.52% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on SBA COMMUNICATIONS at the time of the generation of this analysis was as follows:
- SBA Communications Corporation to Speak at the UBS Global Media and Communications Conference
- SBA Communications Corporation to Speak at the BofA Securities 2024 Leveraged Finance Conference
- SBA Communications Corporation to Speak at the Goldman Sachs 2023 Communacopia + Technology Conference
- SBA Communications Corporation Reports Second Quarter 2023 Results; Updates Full Year 2023 Outlook; Declares Quarterly Cash Dividend; and Announces Newly Signed Master Lease Agreement with AT&T
- SBA Communications Corporation Sets Date for Second Quarter 2023 Earnings Release
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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