SBUX - Bearish Weekly RSII have been seeing this Descending RSI pattern that leads to a break upward followed by a down correction back to the descending trend line
This is showing again on this RSI for SBUX, I have used the dotted green line to show how I estimate the RSI movement to occur.
Last time this dump happened it dropped 75%. Assuming the same drop of 75% this leaves us with a bearish Weekly chart.
SBUX trade ideas
$SBUXFriday we closed above a strong ceiling we've been trying to reclaim as a floor. Look for 2 possible retest areas, one of them being 102. A little riskier entry but seeing the strong push Friday that could be a good starter position. A more better retest would be the now reclaimed floor at around 100. We have 2 targets 1 of them being the CB ( cost basis) of the weekly magnet at around 105. 2nd target can be 107.50ish. if we get that look for a strong sell wall. This idea is invalid if we close below the floor we reclaimed 100.
Trade Idea - Starbucks Corporation (SBUX)NASDAQ:SBUX is testing a key resistance level, evident from the recent breakout attempt above its consolidation range. A sustained move above this level, supported by rising volume, could confirm a bullish trend continuation. Watching the stock's interaction with the Bollinger Bands and any increase in momentum will be essential for validating this breakout potential. SP:SPX AMEX:SPY NASDAQ:QQQ
Trade Idea -- Starbucks Corporation (SBUX)SBUX is testing a significant resistance level, as illustrated by the horizontal consolidation pattern in the chart. A breakout above this level could suggest the start of an upward trend, especially if volume picks up. Watching the stock’s interaction with the moving averages and Bollinger Bands will be crucial in assessing the strength and sustainability of any potential breakout.
Starbucks/SBUX stock a dead horse?Hello everyone.
Let's dive right into it.
I speculate that SBUX stock could drop to $74 (see my chart analysis).
Our current economic conditions are similar to those from 2007 to 2009: high unemployment rates, lower wages/consumer staple prices, high credit card charge-offs, an initial 50-point base cut on Fed rates, etc. SBUX stock price was declining linearly during that period.
A new CEO was appointed to turn around the company on January 8, 2008. The stock price initially skyrocketed; however, after about three months, it dropped by about 24% and continued declining. A similar situation occurred a few weeks ago when a new CEO was appointed: the stock price skyrocketed. However, SBUX stock has been declining linearly since 2023, as shown in my chart analysis.
Preliminary earnings for SBUX, published recently, appear poor. Even though the CEO slightly increased the dividend to boost investor sentiment, the PE ratio of around 29 is not attractive. SBUX is nowhere near any of the Magnificent 7 (Meta, Google, NVDA, etc.) companies on the SP500, whose average PE is also around 29. If the new CEO wanted to reassure shareholders who do not have insider information, he should have disclosed the details of insiders who sold or bought shares over the past two months. I would like to ask the new CEO to publicly disclose that information by 8:00 am PST on 10/30/2024.
China's same-store sales, as of today, dropped even more than last quarter's earnings, by about 14%. The boycott against US company product in some countries overseas remains strong.
The company's management misled its investors about performance in China from the end of 2023 to early 2024. Recently, a class action lawsuit was filed by stockholders in the US Federal Court who lost significant money.
Starbucks CEO works from his home office remotely while the company asks remote employees to return to the office
Recently, "Luxury item" stocks have been dropping significantly for obvious reasons, while coffee commodities have risen by almost 66% since 2023 (tradingeconomics.com). As a coffee drinker, I am unwilling to pay for a luxury cup of coffee.
I do not intend to offend anyone with my predictions and speculation. Please, be kind to everyone in your comments. I am not here to self promote.
DISCLAIMER: I am not a financial advisor and for the reasons pointed out above I currently hold short positions on SBUX stock. All opinions, news, investigations, analyses, prices, or other information disclosed by me are provided as general remarks and comments for entertainment purposes only. They do not constitute investment advice. I assume no liability for loss or damage, including but not limited to lost profits, that may result directly or indirectly from the use or reliance on the aforementioned opinions, news, investigations, analyses, prices, or other information disclosed by me.
The information provided involves significant financial risk, and I do not recommend anyone to follow my footsteps. The past performance of a security, industry, sector, market, financial product, trading strategy, or individual trade does not guarantee future results or returns. As an investor, you bear full responsibility for your investment decisions by conducting your own research and risk analysis. Such decisions should be based on an assessment of your financial situation, investment objectives, risk tolerance, and liquidity needs.
QUICK STARBUCKS WATCH THIS ONE REAL ESTATE PROBABLY Why are all the ema's in alignment for a bullish push, when long term rsi suggests down, and how much upside is there really, vs downside.
When it looks like a cookie jar, maybe even with honey.
Sugar?
coffee.
It's always one you forget about, but oh well.
Idk, what I'm saying, but also I'm sure it's because mcdonalds saw a big attack against it, and nobody even talks about starbucks.
SBUX Stock: The 3 Step Rocket Booster StrategyRight now this stock NASDAQ:SBUX is trending.
As I was looking at which stocks to share with you
I started to calculate my risk management
for all the types of assets that am thinking
of trading such as futures, crypto, stocks and forex.
and let me say, with your permission
that each asset class requires a different risk management
now do you have to learn about all the
asset classes, you can trade ?
no..Look even though
I was studying about how to trade for example
Forex, crypto and futures.
You need to understand that the stock market
is so huge and that they are so many asset classes
that you can specialise in,
in order to master trading.
With this stock NASDAQ:SBUX
I used the rocker booster strategy
Which has the following 3 steps:
Step#1:The price has to be above the 50 EMA
Step#2:The price has to be above the 200 EMA
Step#3:The price should gap up
If you look at this chart you can see
these 3 steps just as well.
--
Remember on the 19 the October,
I show you the "The Top 13 Iron Watchlist"
Save that date
--
Remember to rocket boost this content to learn more
--
Disclaimer: Trading is risky you will lose money whether
you like it or not.
Please learn risk management
and profit-taking strategies.
FinallySBUX has been topping for ages. I figured the drama with their interim CEO, union struggles and losing the claim against the labour board would have caused this to break down sooner but 1 day delayed technically.
This has broken down finally, after like a month of topping, immediate target is 92.24, falling through that will bring us to 89.
This is a monthly outlook.
Not advice!
SBUX Swing & Day Trade IdeaNASDAQ:SBUX
2 potential setups here, one for a longer dated swing, and another for a short-dated (weeklies) day trade/scalp.
SBUX has been consolidating and grinding higher since the gap up in mid-August.
Levels are marked accordingly on the chart, but see the hourly below for the day trade look
The #1 Breaking News "new coffee farms for Starbucks" Says MediaStarbucks is expanding its operations by adding
new coffee farms in South America
This is positive news but will it affect the
price of their stock?
According to the rocket boost strategy
the last step is also a gap-up
-
Now a gap up is a very important in
technical analysis
because it shows you the
NEW resistance and support
this is a very important
aspect of technical analysis
Can you imagine being in
a short position?
for this stock?
Believe it or not, it happens.
This is why you need to find someone
in the markets that will keep safe on
your trading journey
and try to warn you
and watch out for you
and allow you to make
mistakes, and keep learning.
The rocket booster strategy has 3 steps:
#1-The price has to be above the 50 EMA
#2-The 50 EMA Should be above the 200 EMA
#3- The price should gap up
According to this price on NASDAQ:SBUX
you can see the rocket boost strategy play out.
To learn more Rocket Boost this content
.
Disclaimer: Trading is risky you will lose money
Whether you like it or not
please risk management and profit taking strategies.
A look into the future with starbucksI avoid making calls far into the future but the case with Starbucks is different. A company with nothing more to show for its success than mediocre overpriced coffee and the hype surrounding it.
"Really, what is so great about Starbucks?"-- a question we have all asked people around us.
A look into their 10Q and 10K reports will tell you the answer to it.
Even though according to average analysts who tend to focus on PE ratios and jump to the conclusion saying it's below its implied price and hence a great opportunity to buy, i want to ask them, why? A stock's current price can rarely ever predict its future price. If it was so easy, this would've been the only profession to exist.
According to me, Starbucks has lost all its hype. The brand which became known due to the Millenial and Gen Z generations hyping it, will be the reason for its downfall.
Starbucks reminds me of Nokia. Something's just die as quickly as it grows. Three years, or less. That's my timeline. I'll be here again.
Starbucks: Home stretch!We now see the Starbucks stock in the final stage of the magenta-colored wave (1). Primarily, we still grant this movement some room to the upside, but from a technical perspective, the high of September 12 could already have marked the top. This alternative scenario (35% likely) will come into play on a drop below the support at $90.18 and would see a dive into our magenta Target Zone (between $85.52 and $77.52).
Starbucks Going Long? I Think So! Week of 9/11-9/20 (9/13) TP1The stock had a Golden Star Signal in the short-term chart on Thursday, August 08, 2024. The Starbucks stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average.
GOLDEN STAR SIGNAL: A Golden Star Signal is when the short-term moving average, the long-term moving average, and the price lines meet in a special combination. This combination is scarce and often followed by long and strong gains for the stock in question.
Safe Trade
#SBUX
Entry Point: 95.40
Take Profit: 98.40
~~~Possible~~~Follow the Play Zone to Zone
TP2: 100.00
TP3: 102.34
TP4: 105.68
Stop Loss: 93.40
#SantiagoSolutions
Trade!
#1 Reason Starbucks Is Heading Up..Watch out for the restaurant business this week
because food is a good industry for this week.
Whenever i feel like my heart is not in the right
place because of work and fatigue or too
much sugar or salt. i eat raw corn
with nothing added to it.
Ideally cooked. This is a healthy choice
for my digestion and heart health.
Am not really sure of the current market health
all i care about is what is trending
And so am looking for trending clues
the only clue I have found is in Starbucks
this week
Also take note of the ECONOMICS:EUINTR
this Thursday as it will
impact this currency pair FX_IDC:EURGBP
from the downside.
Honestly, my main source is Bitcoin trading
am not really in the stock market
But i do have the system knowledge of
which stocks might or might not trend
You need to do your own research
To the find the best trade remember
these are just ideas.
Rocket Boost This content to learn more.
Disclaimer: Trading is risky you will lose money,
learn risk management
and profit taking strategies.
Starbucks Corp (Extended Hours) | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
# Trend | Time Frame Conductive | Weekly Time Frame
- General Trend
- Measurement on Session
* Support & Resistance
* Trade Area | Focus & Motion Ahead
# Position & Risk Reward | Daily Time Frame
- Measurement on Session
* Retracement | 0.5 & 0.618
* Extension | 0.786 & 1
Conclusion | Trade Plan Execution & Risk Management on Demand;
Overall Consensus | Neutral
SBUX 1h time frame analysisHi trader,
Recently we published the trading idea of SBUX on a 1W time-frame:
Today, let's have a look at 1h time-frame.
As we can see there are bearish regular divergences and we're expecting them to play out in the short-term.
The short position can be taken now as the price reached the resistance also on the higher time frames.
Target: 91,74$
stop loss: 99 $