1/2/22 SBUXStarbucks Corporation ( NASDAQ:SBUX )
Sector: Consumer Services (Restaurants)
Market Capitalization: 137.229B
Current Price: $116.97
Breakout price: $117.40
Buy Zone (Top/Bottom Range): $115.10-$109.10
Price Target: $126.30-$127.50 (1st), $129.20-$130.40 (2nd)
Estimated Duration to Target: 108-112d (1st), 159-165d (2nd)
Contract of Interest: $SBUX 3/18/22 125c, $SBUX 5/20/22 125c
Trade price as of publish date: $1.98/contract, $3.65/contract
SBUX
Stagflation SBUX Starbucks is and will continue to suffer amid economic and employment issues. Several of their locations are observing reduced hours, and the ones who are not are seeing less traffic. This is a result of their customers tightening their budget. Starbucks usually has a good holiday presence but this year these factors have shown weakness. After testing 117 twice now, we seem to be testing it again. Expect action upward into the new year, though short levels of (I)114 and (II)108 are present.
SBUX Running out of SteamWe have a nice Head $ Shoulders pattern which is ready to break .
On Weekly time frame a bearish divergence occurred.
We are targeting the 96 price level.
SL just above 110.
Entry when the support breaks.
If you like the idea, do not forget to support with a like and follow.
* 𝗧𝗵𝗲 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝘀𝗵𝗮𝗿𝗲𝗱 𝗶𝗻 𝘁𝗵𝗶𝘀 𝗽𝗼𝘀𝘁 𝗶𝘀 𝗻𝗼𝘁 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗮𝗱𝘃𝗶𝗰𝗲 𝗮𝗻𝗱 𝗶𝘀 𝗳𝗼𝗿 𝗲𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗽𝘂𝗿𝗽𝗼𝘀𝗲 𝗼𝗻𝗹𝘆! 𝗔𝗹𝘄𝗮𝘆𝘀 𝗰𝗼𝗻𝗱𝘂𝗰𝘁 𝘆𝗼𝘂𝗿 𝗼𝘄𝗻 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗮𝗻𝗱 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵.
WATCHING $SBUX for entry at 101.16WATCHING $SBUX for entry at 101.16
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
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SBUX - Big move coming**Ticker:** SBUX
**Golden Setup Checklist:**
- Above key moving averages (8,21,50)
- TTM Squeezes on multiple timeframes (1h,2h,4h,D,2D,3D,W)
- No Earnings, Dividend Payout in the near future
- Catalyst: Earnings was not bad at all. Multiple analyst have buy ratings well above where the stock is trading right now.
**Ratings And Price Targets as of Nov 1st:**
-Cowen has an Outperform rating and a $125 target.
-Bank of America has a Buy rating and a $135 target.
-Wells Fargo has an Overweight rating and a $122 target.
-Wedbush has an Outperform rating and a $128 target.
- Rotation out of tech stocks could move SBUX in the next couple weeks.
- Daily bullish MACD cross
- Daily RSI curling up
BTO SBUX 12/17 115C @ 2.06
BTO SBUX 01/22 120C @ 1.80
SBUX - A look at the Daily ChartsAs long as they markets continue to grind higher, I think SBUX can push higher towards $111 - $112.50 area where the VPOC and Volume supply is on the daily (short term).
I want to see an impulse move in that direction (with volume) that confirms a potential wave 1 reversal. Any weakness in the market and I want to be aware that if we break below our previous low ($104.02), we have an unfilled gap below at $91.29 which is closer toward our 2.62 extension level of this pullback. We do have a potential C wave completion here of the ABC correction but SBUX must now trade above it previous low or else wave C is not yet complete.
Support (green lines) and resistance (red lines). Orange box is a mix of heaviest resistance from VPOC and Volume supply zone. Hope this helps!
Starbucks Analysis 29.10.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button.
Thank you for watching and I will see you tomorrow!
SBUX looks bearish using Aspen Trading S/R LevelsSBUX looks bearish using Aspen Trading S/R Levels. It has broken the support at 113 and could move down to 111.
Please like, share and follow if you agree with the analysis.
Note - Aspen Trading S/R levels are invite only and can be accessed through my profile.
WATCHING $SBUX - Key Levels and Analysis WATCHING $SBUX - Key Levels and Analysis
Understaffed, higher cost of operations, higher cost off coffee, and unstocked shelves will likely chip away at revenue. I don’t normally look at fundamentals… I’m strictly technical. This is just what I am physically seeing every time I walk into a Starbucks.
Analysis is technical only, but it seems to be supported but what I’m seeing in real time.
Starbucks would be an excellent opportunity around 100.
——————
I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
(\_/)
( •_•)
/ >🚀
Still Long on SBUX??Today my goal was to determine how bullish the SBUX play I called out was and due to today, I still believe we are long. What I was looking for was a bounce from the VWAP that currently rest at 118.49. If it bounced then Id still be bullish and if it broke through then id be bearish. We have seen an obvious bounce but something that's also notable is the fact that we closed above the 20sma. This was notable because the 20sma greatly identifies trend direction and resting above that is indicating that of potential bullishness. All that is needed for greater confirmation of the direction for SBUX is to see it drag across the upper bollinger band. The probability towards this playing out in our favor are great due to the VSLRT and the Stupid willy also signaling a bullish trend to be seen. Keep in mind that the daily chart already signified bullishness but it was needed to analyze the 15min time frame in case of a false signal.
Bullish Signals
-Bullish Daily Time frame
-VSLRT(More buy volume than sell volume)
-Stupid Willy(Willaims %R going up + Bullish momentum)
Price Targets
-1st 120
-2nd 123
SBUX: Short term correction wave playCalling this a ABC correction wave only because it has broken out of a long term up trend line + H&S pattern. Also, broad market seems to be weak overall.
It might turn out to be a 12345 Elliot Wave, bringing it back to retest recent high, but we shall see.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
SBUX Update(bullish)I am pretty bullish on SBUX and its for notable reasons. A while back I was watching this stock and saw the first indication of bullishness via the Weis Wave, which indicated less interest on the short side of SBUX. We then started seeing reduced selling momentum which also indicates bullishness. Using VWAP, we can see that we are seeing bullish money pour in while having a VWAP resistance lay at 118.69. I believe we will overcome this resistance due to the bullish signals given by the squeeze indicator and the Willy oscillator. Due to the given signals, I think we will see a decent sized bull run.
Bullish Signals
-Weis Wave
-Squeeze indicator
-Willy Oscillator
-Short term VWAP
-Close above Fibonacci Support
Buy The Dip(SBUX)I have done further analysis on SBUX and why I like this stock on another one of my ideas so I think this is a great buy the dip opportunity. We are seeing a decrease in selling momentum, Willy buy signal, and the daily weis wave dictates little bearish interest on this stock. I like this stock but one thing we do need is for the Williams %R oscillator to signal another crossover for greater confirmation. Watch out for an increase in selling momentum, but for the time being I am holding this stock. I am personally watching the 120 zone for price targets, but it is always best to exit trades when you are given the signal to do so.
▼My Other Analysis ▼
MARKET ALPHA - UNUSUAL OPTION ACTIVITYI am going to post some more ideas from our unusual options screener.
After seeing some of the plays uncovered here I think it would be awesome if more people could benefit from charts and ideas like this one.
For this post we are looking at Starbucks. We are seeing increasing call activity come in on the October 1st Contract at the 125 strike. Let's see how it plays out! Thanks for tradingview for allowing the feature where we can easily track the progress of ideas.
NASDAQ:SBUX
▼Notable Bull Signal▼In the short term SBUX looks like there is still room for a dip, but greater time frames provide that of bullishness. On the 4h and 15min it can be observed that we are getting bearish momentum, while the daily shows a reduction in selling momentum. One notable bull signal that is given by the daily and the weekly is the Weis Wave. The selling volume has been steadily decreasing, indicating we may see more up-side.
▼ Daily Bull Signals ▼
Squeeze Indicator
Cycle Willy
Weise Wave
▼ Weekly Bull Signal ▼
Weis Wave