Sba Communications is down a bit on the day, funds flowing out kept the price down -1.78% since yesterday. It looks like SBAC could be hitting an upward sloping resistance line. Most traders won't try to short a stock when the line is upsloping.
But it may be a good time to take profit or wait for a better entry point for a long position. The Communication Services company has been chopping around the last few months without a clear directional momentum. So it might bounce off here, but hard to say.
If the price breaks through the resistance level it will probably move up to the $228.8 where it may meet further resistance. If the price reverses and heads back down lower, it looks like the nearest support level is $164.57 it may head back up from there or break lower.
The analysts are pretty neutral on SBA Communications right now, so not much useful information here. The current Analysts Sentiment Score is 0.47. Most companies range between (-200 to 200).
Here's a break down of the latest rating changes. Bank of America announced an upgrade on 2024-03-07 from Neutral to Buy and added a price target of $260.00. On 2024-03-05 Barclays lowered their price target by -1.89% to $260.00. BMO Capital Markets provided a price target decease of -7.02% to $265.00 from $285.00 on 2024-02-27. KeyCorp provided a price target boost of 9.96% to $276.00 from $251.00 on 2023-12-06. Wells Fargo & Company dropped their price target by -9.26% to $245.00 on 2023-10-17. On 2023-10-17 Citigroup lowered their price target by -9.62% to $235.00. Morgan Stanley announced a lowering of their price target to $227.00 from $311.00 on 2023-10-16. JPMorgan Chase & Co. provided a price target decease of -16.73% to $229.00 from $275.00 on 2023-09-27. Raymond James announced a lowering of their price target to $285.00 from $297.00 on 2023-08-22. Royal Bank of Canada announced a lowering of their price target to $265.00 from $276.00 on 2023-08-14.
| Company | Ratings Score
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Composite analyst sentiment score
|
Positive Ratings | Negative Ratings | Boost Price Target | Lower Price Target |
|---|---|---|---|---|---|
| SBAC | 0.47 | 0.95 | 0 | 0.45 | -0.45 |
| Company | YOY Growth Score (typical -20 to +20) | Revision Directions (-6 to +6) |
|---|---|---|
| SBAC | 0.00 | 0.00 |
We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.
| Company | Short Score (typical 1-15)
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We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)
|
Short Interest | Days to Cover | Rate of Change | Shares Short |
|---|---|---|---|---|---|
| SBAC | 3.35 | %2.8 | 3.5 | 10.494 | 3040000 |
| Segment | Count | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest | Analysts Ratings ? |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Communication Services | 33 | 1.15 | 1.76 | 4.73 | 11.40 | 7.63 | 10.60 | 52.55 | -1.90 | -3.78 | 1.08 | -18759.14 | -8851.41 | 0.00 | 20.45 | 3.38 | 0.30 |
| Communication Services | 34 | 1.35 | 1.88 | 5.08 | 11.34 | 7.77 | 10.99 | 53.38 | -1.88 | -3.81 | 0.75 | -18260.06 | -8681.95 | 0.00 | 19.85 | 3.45 | 0.30 |
Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.
| Ticker | Social Sentiment(1-10) |
|---|---|
| SBAC |
| Company | Score | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AMT | American Tower Corporatio | 1.75 | 0.33 | -1.63 | -2.05 | -0.43 | -5.10 | -18.73 | 69 | -6.07 | -19.67 | -14.55 | -16803.59 | -2524.94 | 0 | 0 | 2.18443 |
| CCI | Crown Castle Inc. | 1.75 | 0.36 | -0.41 | 1.02 | -1.41 | -12.36 | -14.50 | 74 | -22.66 | -29.14 | -27.36 | -21078.78 | -2379.29 | 0 | 0 | 1.33185 |
| DLR | Digital Realty Trust, Inc | 1.21 | 0.89 | 4.53 | 9.77 | 24.17 | 12.69 | 35.01 | 88 | 15.82 | 6.65 | 12.14 | -271.06 | -15387.15 | 0 | 0 | 5.88028 |
| EQIX | Equinix, Inc. Common Stoc | 1.11 | 0.37 | 2.59 | 8.43 | 32.86 | 28.54 | 34.21 | 85 | 61.44 | 18.39 | 16.81 | 0.00 | -26869.33 | 0 | 0 | 2.83755 |
| ARE | Alexandria Real Estate Eq | 1 | 4.89 | 8.23 | -1.45 | -17.23 | -36.58 | -40.26 | 38 | -46.49 | -36.95 | -49.99 | -104040.36 | -525.00 | 0 | 0 | 4.58275 |
| PLD | PROLOGIS, INC. | 0.97 | 1.02 | 1.27 | 6.53 | 6.85 | 21.07 | 42.19 | 77 | 20.67 | 46.67 | 47.51 | -568.83 | -23127.44 | 0 | 0 | 3.12683 |
| TRNO | Terreno Realty Corporatio | 0.96 | 0.14 | 0.69 | 5.62 | 6.36 | 14.67 | 18.05 | 88 | 8.42 | 13.03 | 13.63 | -1944.16 | -13805.51 | 0 | 0 | 3.50651 |
| REXR | REXFORD INDUSTRIAL REALTY | 0.96 | 1.13 | 4.11 | 4.08 | -9.85 | -12.82 | 8.74 | 64 | -37.58 | -22.27 | -15.25 | -50637.25 | -463.73 | 0 | 0 | 5.74888 |
How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.