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- 11/19/2021 -
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SBA Communications (SBAC)

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Summary:
Weekly :Overbought sector
Daily :The price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe price is close to the moving average in the center of the Bollinger Bands
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It was a first positive week after 3 consecutive negative weeks for the SBA Communications (SBAC). During the week, the SBAC climbed 1.22 points, or 0.35%, and closed at 344.99 on Friday, November 19, 2021. Weekly volume was -89% below average.

SBAC is a member of Real Estate Sector. Real Estate is the 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 uptrend had started on March 5, 2021 at 232.88 and reached 369.56 on September 8, 2021. SBAC gained -136.68 points, or -58.69%, in 26 weeks. The price is now at the 17.98% retracement level.

Medium-term trend: [See SBAC medium-term trend chart]
A medium-term uptrend had started on October 15, 2021 at 322.67 and reached 361.82 on November 3, 2021. SBAC gained -39.15 points, or -12.13%, in 2 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 331.20 and resistance is at 350.06. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See SBAC weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since September 24, 2021. 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 11, 2021 at 335.71 and reached 352.63 on November 16, 2021. SBAC gained -16.92 points, or -5.04%, in 5 days. The price is now at the 45.15% retracement level.

Daily Technical Indicators: [See SBAC daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since November 17, 2021. The distance between MACD and the signal line is low and getting smaller.

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.

The price is close to the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.67
Williams' Percentage Range (W%R) 53.70
Lane's Stochastic (%D-Slow) 61.05
Greed/Fear Indicator (GFI) 51.67
Moving Average Converg./Diverg. (MACD) 1.38
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.24
Williams' Percentage Range (W%R) 40.90
Lane's Stochastic (%D-Slow) 51.67
Greed/Fear Indicator (GFI) 53.17
Moving Average Converg./Diverg. (MACD) 12.19
Trading Signals
Description Value Chart
Upper Bollinger Band 353.51
Monthly Trendline Resistance 350.06
20 Day Moving Average 348.11
Daily Stochastic Crossing 346.62
Weekly Stochastic Crossing 345.27
Price 344.99
50 Day Moving Average 343.11
Lower Bollinger Band 337.74
Parabolic System 336.39
Monthly Trendline Support 331.20
Sector and Industry
Description Name Rank
Sector Real Estate 12
Industry Specialized REITs 61
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 335.71
Low Date 11/11/2021
High 352.63
High Date 11/16/2021
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 361.82
High Date 11/03/2021
Low 335.71
Low Date 11/11/2021
Description Value
Direction Up
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 350.06
Support 331.20
Low 322.67
Low Date 10/15/2021
High 361.82
High Date 11/03/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 369.56
High Date 09/08/2021
Low 322.67
Low Date 10/15/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 232.88
Low Date 03/05/2021
High 369.56
High Date 09/08/2021
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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