SBA Communications Technical Analysis (NASDAQ:SBAC)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the SBA Communications stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the SBAC stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for SBA Communications. The technical analysis form of SBA Communications stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
SBA Communications Moving Average
Moving averages show the SBAC stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $157.22 is below the last closing price of $160.8 and the 50 day moving average of $158.9 is below the last closing price of $160.8. The 10 and 20 day periods can predict short term moving average trends.
SBA Communications Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like SBA Communications. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $160.8 is in the upper range of SBA Communications bollinger bands.
SBA Communications Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The SBA Communications MACD line is above the signal line.
SBA Communications Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of SBAC stock is 59.73.