Our Thoughts on SBA Communications Corporation ($SBAC) (2019-10-17)

REPORTING FOR 2019-10-17 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how SBAC has been trading over the last 2 weeks and the past day especially. On its latest session, SBA Communications Corporation ($SBAC) opened at 238.77, reaching a high of 238.98 and a low of 229.29 before closing at a price of 232.94. There was a total volume of 839729.

VOLUME INDICATORS FOR SBA COMMUNICATIONS CORPORATION ($SBAC): We saw an accumulation-distribution index of 24780.75556, an on-balance volume of 239.01, chaikin money flow of 91.28571 and a force index of 77.8536. There was an ease of movement rating of -0.00387, a volume-price trend of -8.47656 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR SBA COMMUNICATIONS CORPORATION ($SBAC): We noted an average true range of 3.02937, bolinger bands of 242.52315, an upper bollinger band of 222.96995, lower bollinger band of 229.29, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 235.68, high band keltner channel of 235.47, low band keltner channel of 235.89, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 229.29, a donchian channel low band of 229.29, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR SBA COMMUNICATIONS CORPORATION ($SBAC): We calculated a Moving Average Convergence Divergence (MACD) of 0.1551, a MACD signal of 0.08617, a MACD difference of 0.06893, a fast Exponential Moving Average (EMA) indicator of 229.29, a slow Exponential Moving Average (EMA) indicator of 229.29, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.20189, a trix of -4.64997, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of 66.66667, a Detrended Price Oscillator (DPO) of 8.33336, a KST Oscillator (KST) of -35.0696 and a KST Oscillator (KST Signal) of -35.0696 (leaving a KST difference of 7.27317). We also found an Ichimoku rating of 238.875, an Ichimoku B rating of 238.875, a Ichimoku visual trend A of 243.52892, an Ichimoku visual trend B of 247.47445, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of 4.0.

MOMENTUM INDICATORS FOR SBA COMMUNICATIONS CORPORATION ($SBAC): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 50.99768, a True Strength Index (TSI) of -100.0, an ultimate oscillator of -726.76125, a stochastic oscillator of 4614.28571, a stochastic oscillator signal of 4614.28571, a Williams %R rating of 4514.28571 and an awesome oscillator of 0.38033.

RETURNS FOR SBA COMMUNICATIONS CORPORATION ($SBAC): There was a daily return of -3.50696, a daily log return of 2.97045 and a cumulative return of 3.015.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-10-17 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for SBA Communications Corporation ($SBAC)…

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling SBA Communications Corporation ($SBAC) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

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