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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 10/20/2023 (GMT)

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

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 198.63 USD
My targets
189.98 USD (-1.06%)
185.23 USD (-3.54%)
My analysis
The bearish trend is currently very strong for SBA COMMUNICATIONS. As long as the price remains below the resistance at 198.63 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 189.98 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 185.23 USD as an objective. Crossing it would then enable sellers to target 168.37 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
4.1

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 192.02 USD. The price has increased by +1.36% since the last closing with the lowest point at 189.10 USD and the highest point at 193.62 USD. The deviation from the price is +1.54% for the low point and -0.83% for the high point.

189.10
193.62
192.02

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 for higher/lower results shows the following items:

Central Records

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. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly



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

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 168.37 185.23 189.98 192.02 192.94 202.94 211.02
Change (%) -12.32% -3.54% -1.06% - +0.48% +5.69% +9.89%
Change -23.65 -6.79 -2.04 - +0.92 +10.92 +19.00
Level Intermediate Intermediate Intermediate - Intermediate Intermediate Minor



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
Standard181.46184.79187.11190.44192.76196.09198.41
Camarilla187.89188.40188.92189.44189.96190.48190.99
Woodie180.97184.54186.62190.19192.27195.84197.92
Fibonacci184.79186.95188.28190.44192.60193.93196.09


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard181.07185.94193.76198.63206.45211.32219.14
Camarilla198.08199.24200.41201.57202.73203.90205.06
Woodie182.54186.68195.23199.37207.92212.06220.61
Fibonacci185.94190.79193.79198.63203.48206.48211.32


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard153.11173.00186.58206.47220.05239.94253.52
Camarilla190.97194.03197.10200.17203.24206.31209.37
Woodie149.97171.42183.44204.89216.91238.36250.38
Fibonacci173.00185.78193.68206.47219.25227.15239.94

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): 45.05
MACD (12,26,9): -1.7400
Directional Movement: -4.69
AROON (14): -21.43
DEMA (21): 191.02
Parabolic SAR (0,02-0,02-0,2): 189.05
Elder Ray (13): 0.36
Super Trend (3,10): 197.57
Zig ZAG (10): 193.04
VORTEX (21): 0.8800
Stochastique (14,3,5): 63.82
TEMA (21): 190.44
Williams %R (14): -6.19
Chande Momentum Oscillator (20): 4.56
Repulse (5,40,3): 1.0600
ROCnROLL: -1
TRIX (15,9): -0.1600
Courbe Coppock: 3.78
MA7: 197.40
MA20: 196.59
MA50: 210.16
MA100: 218.80
MAexp7: 192.15
MAexp20: 193.45
MAexp50: 195.65
MAexp100: 197.27
Price / MA7: -2.73%
Price / MA20: -2.32%
Price / MA50: -8.63%
Price / MA100: -12.24%
Price / MAexp7: -0.07%
Price / MAexp20: -0.74%
Price / MAexp50: -1.86%
Price / MAexp100: -2.66%

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

Londinia
Londinia AI

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