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Archive
- 11/22/2024 -
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SBA Communications (SBAC) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the SBA Communications (SBAC). During the week, the SBAC gave back -0.40 points, or -0.18%, and closed at 220.70 on Friday, November 22, 2024. Weekly volume was -26% below average.
SBAC is a member of Real Estate Sector. Real Estate is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See SBAC long-term trend chart]
A long-term downtrend had started on December 31, 2021 at 391.15 and reached 183.64 on May 1, 2024. SBAC lost 207.51 points, or 53.05%, in 121 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (181.64) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See SBAC medium-term trend chart]
A medium-term downtrend had started on October 16, 2024 at 252.64 and reached 212.40 on November 6, 2024. SBAC lost 40.24 points, or 15.93%, in 3 weeks. The price is now at the 20.63% retracement level.
 Weekly Technical Indicators: [See SBAC weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since November 8, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.
 Short-term trend: [See SBAC short-term trend chart]
A short-term uptrend had started on November 6, 2024 at 212.40 and reached 224.80 on November 8, 2024. SBAC gained -12.40 points, or -5.84%, in 2 days. The price is now at the 33.06% retracement level.
Daily Technical Indicators: [See SBAC daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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