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Downtrend Broken Resist.Archive
- 1/10/2025 -
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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 dropped -9.00 points, or -4.46%, and closed at 192.80 on Friday, January 10, 2025. Weekly volume was 6% above average.
SBAC is a member of Real Estate Sector. Real Estate is the second most oversold 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 (181.20) 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 uptrend had started on May 1, 2024 at 183.64 and reached 252.64 on October 16, 2024. SBAC gained -69.00 points, or -37.57%, in 24 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (221.96) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. SBAC may retest the broken support line. It is considered to be a resistance line now. 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 support in a medium-term trend.
 Weekly Technical Indicators: [See SBAC weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since November 8, 2024. The distance between MACD and the signal line is relatively high and getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See SBAC short-term trend chart]
A short-term downtrend had started on November 27, 2024 at 229.68 and reached 192.60 on January 10, 2025. SBAC lost 37.08 points, or 16.14%, in 44 days. Price is near the trend low.
Daily Technical Indicators: [See SBAC daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Daily Relative Strength Index, Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index help.
The daily MACD line is below its signal line since December 11, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
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