SBUX is Looking a Little Bearish Here.I am watching for a support break of $98 to kick off a 2:1 bearish measured move to $88 The news of a union strike over political garbage is never a good sign.
SBUX trade ideas
SBUX a tale of two trendsSBUX appears to be in a repeating downtrend from Summer 2021 to Spring 2022. It would be ideal to utilize AI to predict how low SBUX will retrace. However, for the purpose of technical analysis (TA) and trend observation, I'm sharing indicators such as RSI, MACD, and AO, which suggest a high possibility of SBUX repeating the downtrend.
Over the next three months (June-September), SBUX is expected to move sideways between 96 and 106. Then, a significant drop would confirm the repetition of the downtrend, or a substantial surge could break 116, continuing the uptrend and setting a new high.
Here are the key observations:
On the weekly timeframe, RSI has remained below the mid-line since last month, indicating an expected continuation along the mid-line. Additionally, MACD's histogram bars are below the mid-line, further confirming the strength of the downtrend.
MACD is currently moving below the signal line, confirming the downtrend. Comparing previous uptrends on the price chart, which lasted 55 weeks, to the recent uptrend of 45 weeks, there is an approximate 10-week difference. Applying this 10-week gap to the length of the MACD histogram, which stayed below (or crossed) the signal line for 39 weeks in the past, the prediction for the repeating trend is approximately 28 weeks.
Similarly, looking at the Awesome Oscillator (AO), in the previous cycle, it took approximately 30 weeks for AO to cross below 0 and reach the lowest price. If the cycle is repeating, it is expected to take around 20 weeks to reach the lowest price.
Please note that these observations and predictions are based on technical indicators and historical patterns, and they may not guarantee future price movements. It's important to consider other factors and perform comprehensive analysis before making investment decisions.
SBUX is now bouncing of a potential support zone - weeklyThe weekly timeframe shows, that the price of this stock is bouncing of a support zone. It forms from previous bounces from this zone as shown in the chart. Besides that, we have a bullish engulfing candle last week.
So there is a potential buy opportunity with a 2:1 Risk-Reward-Ratio to the upside.
Enter: 101,87
StopLoss: 95,38
TakeProfit: 113,9
have a great week!
Best regards
Tradinguny
FYI: No financial advice or consulting. It is only my view on the stock and is for entertainment and education purposes only!
SBUX long Long call for Starbucks after bouncing off critical support levels around $98. After moving up the past few days I am looking at $104.99 for the next target.
SBUX longI am bullish on SBUX as this underlying has huge upside potential. based on my analysis I estimate very soon it will reach at least $106, in case break above it could touch $110
Starbucks move in next month i expect this move for Starbucks in next month and before next earning call
#sbux buy signal Buy #sbux @99.08$ good key stats ratios and good indicators level
@intelligent.investing.144
Starbucks on a Strong Daily Support looking for a Bullish RunStarbucks is exhibiting a robust support level on the daily timeframe. The price has shown a bullish sentiment by respecting this support level. As a result, we anticipate a bullish reversal and the formation of an upward trend. This bullish momentum could potentially drive the price to revisit the $107 level.
SBUX - Rising Trend Channel [MID TERM]🔹SBUX has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate.
🔹Break downwards through 98 will be a negative signal.
🔹Overall assessed as technically positive for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
Starbucks I It will go up 2 minutes ago
Welcome back! Let me know your thoughts in the comments!
** Starbucks Analysis - Listen to video!
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SBUX long - Order Block liquidity takenSBUX liquidity taken on the order block zone that previously made it go to the 115s. Also we closed the day with a bullish hammer.
I'll be stopping on a daily close under 96
I'll take profit on 105 and 110
SBUX Long Trade1. Price in on a key level
2. Liquidity grabbed by institutions
3. Momentum towards bulls
SBUXStarbucks entering major demand zone that cant be ignored, its not lost on me that we just broke the 200SMA however Risk/Reward is prime in this name at this exact spot. Stop loss should be a daily close under demand zone
$SBUX with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for NASDAQ:SBUX after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 66.67%.
$SBUX Analysis, Key Levels & TargetsNASDAQ:SBUX Analysis, Key Levels & Targets
Time for some new swing targets…
Target 1 at 94, and Target 2 @77… and that is the start, but all of the other targets are in play as well if we dip even harder… and target 1 and two would create a head and shoulders if hit…
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I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
Investment Thesis: StarbucksStarbucks has established itself as a dominant player in the specialty coffee industry, with a strong brand image, extensive global presence, and a diversified product portfolio. The company's successful business model, focused on providing high-quality coffee and a unique customer experience, positions it for continued growth. However, there are potential risks to consider, including increasing competition, changing consumer preferences, and potential supply chain disruptions. Overall, Starbucks presents an attractive investment opportunity with the potential for long-term value creation.
STARBUCKS SBUX Nobody Knows Where is Price Going.
Hey traders, here is the analysi.
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DISCLAIMER- This is not financial advice.
SMART MONEY CONCEPT.
identify Liquidity Or Become Liquidity
SBUXTRIANGLE BREAKOUT
Major Down
Current Up
Triangle formation. Awaits breakout
Broken towards down side.
Took the position via option at Spot $104.77
25 days out at strike 102.
2 contract with RRR of 1:2 @ $1.14 and $1.16
TP on both contract @1:2 and not let the trade run @ 100.65
Option sold at both 124% profit ITM.
$2.61 n $2.71
Total profit : $3.02
Psycology:
Fear of loss of profit. Did not want to risk it. Mindset wise it has extended quite far, $100 as psycological number. and 4h looking at meeting into resistance.
Shall review
STARBUCKS Stock Chart Fibonacci Analysis 050923Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 108/61.80%
Cracks forming on the bullish movement for Starbucks Starbucks Corporation. (symbol ‘SBUX’) is trading at a profit of around 8% compared to the beginning of the first quarter of the year. The company’s earnings report for the fiscal quarter ending March 2023 is set to be released on Tuesday 2nd of May, after market close. The consensus EPS for the quarter is $0,64 compared to the same quarter last year of $0,69.
‘ Despite insider selling from CFO (chief financial officer) and EVP (executive vice president) of shares totalling around HKEX:400 ,000 in February, accounting for less than half a percent (0.49%) reduction in stake ownership in the coffee giant, insiders holding decreased by a relatively small proportion- in line with the broader market selling trend.’ said Antreas Themistokleous at Exness.
From the technical analysis perspective the share has been consistently trading relatively well in the past 10 months with some technical indicators pointing to a possible correction in the short term. The price is approaching the strong reaction area of HKEX:110 which was a resistance level in October and December of 2021 as well as in early February of 2023. Even though the overall trend is still bullish there are some signs of weakness and possible correction to the downside in the coming sessions.
Firstly the Stochastic oscillator is in the extreme overbought area for the last 3 weeks and also the 50 SMA touching the 100 SMA is not giving any validation to the bullish narrative indicating that a downward correction is a possible scenario in the short term. If this is confirmed we might see some major support around the HKEX:103 ,50 price area which is the crossing of the 2 SMAs and also the 23.6% of the daily Fibonacci retracement level.
SBUX daily evening star reversal in between weekly moving averagSBUX daily evening star reversal in between weekly moving averages
