SBA COMMUNICATIONS - Daily - Technical analysis published on 10/07/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 241.09 USD
My targets
203.74 USD (-13.44%)
185.50 USD (-21.19%)
My analysis
The strong short-term decline of SBA COMMUNICATIONS reinforces the current slightly bearish trend. As long as the price remains below 241.09 USD, you could take advantage of this bearish acceleration. The first bearish objective is located at 203.74 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 185.50 USD as an objective. Crossing it would then enable sellers to target 174.73 USD. A return to above 241.09 USD would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
3.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SBA COMMUNICATIONS price is 235.37 USD. On the day, this instrument lost -0.51% and was traded between 235.27 USD and 235.92 USD over the period. The price is currently at +0.04% from its lowest and -0.23% from its highest.235.27
235.92
235.37
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.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of SBA COMMUNICATIONS indicates that the overall trend is slightly bearish. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is low given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : Daily
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 174.73 | 185.50 | 203.74 | 235.37 | 241.09 | 256.77 | 269.28 |
| Change (%) | -25.76% | -21.19% | -13.44% | - | +2.43% | +9.09% | +14.41% |
| Change | -60.64 | -49.87 | -31.63 | - | +5.72 | +21.40 | +33.91 |
| Level | Intermediate | Major | Major | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 229.19 | 231.27 | 234.27 | 236.35 | 239.35 | 241.43 | 244.43 |
| Camarilla | 235.88 | 236.35 | 236.81 | 237.28 | 237.75 | 238.21 | 238.68 |
| Woodie | 229.66 | 231.50 | 234.74 | 236.58 | 239.82 | 241.66 | 244.90 |
| Fibonacci | 231.27 | 233.21 | 234.41 | 236.35 | 238.29 | 239.49 | 241.43 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 203.07 | 218.95 | 227.89 | 243.77 | 252.71 | 268.59 | 277.53 |
| Camarilla | 230.00 | 232.28 | 234.56 | 236.83 | 239.11 | 241.38 | 243.66 |
| Woodie | 199.60 | 217.22 | 224.42 | 242.04 | 249.24 | 266.86 | 274.06 |
| Fibonacci | 218.95 | 228.43 | 234.29 | 243.77 | 253.25 | 259.11 | 268.59 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 191.59 | 213.21 | 227.18 | 248.80 | 262.77 | 284.39 | 298.36 |
| Camarilla | 231.36 | 234.63 | 237.89 | 241.15 | 244.41 | 247.68 | 250.94 |
| Woodie | 187.77 | 211.30 | 223.36 | 246.89 | 258.95 | 282.48 | 294.54 |
| Fibonacci | 213.21 | 226.81 | 235.21 | 248.80 | 262.40 | 270.80 | 284.39 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 38.53 | |
| MACD (12,26,9): | -4.4400 | |
| Directional Movement: | -16.88 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 240.47 | |
| Parabolic SAR (0,02-0,02-0,2): | 256.17 | |
| Elder Ray (13): | -4.48 | |
| Super Trend (3,10): | 253.05 | |
| Zig ZAG (10): | 236.58 | |
| VORTEX (21): | 0.7800 | |
| Stochastique (14,3,5): | 12.80 | |
| TEMA (21): | 235.41 | |
| Williams %R (14): | -84.63 | |
| Chande Momentum Oscillator (20): | -16.81 | |
| Repulse (5,40,3): | -1.4200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1900 | |
| Courbe Coppock: | 9.22 |
| MA7: | 238.38 | |
| MA20: | 245.52 | |
| MA50: | 251.68 | |
| MA100: | 237.69 | |
| MAexp7: | 239.17 | |
| MAexp20: | 245.35 | |
| MAexp50: | 246.14 | |
| MAexp100: | 236.74 | |
| Price / MA7: | -1.26% | |
| Price / MA20: | -4.13% | |
| Price / MA50: | -6.48% | |
| Price / MA100: | -0.98% | |
| Price / MAexp7: | -1.59% | |
| Price / MAexp20: | -4.07% | |
| Price / MAexp50: | -4.38% | |
| Price / MAexp100: | -0.58% |
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 Goldman Sachs 28th Annual Communacopia Conference
- SBA Communications Corporation to Speak at the Bank of America Merrill Lynch 2019 Media, Communications and Entertainment Conference
- SBA Communications Corporation Reports Fourth Quarter 2018 Results
- SBA Communications Corporation to Speak at the Raymond James 40th Annual Institutional Investors Conference
- Investor Expectations to Drive Momentum within Mammoth Energy Services, Horizon Pharma Public, SBA Communications, International Flavors & Fragrances, WillScot, and Teekay Tankers — Discovering Underlying Factors of Influence
This member declared not having a position on this financial instrument or a related financial instrument.
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