H&S on SBX. Measured target $40-$50. SBX has created a H&S pattern on a macro scale in the weekly or even monthly time frames. The H&S pattern has already been broken and is currently being retested.
SBUX trade ideas
Starbucks: Wide Awake?Starbucks has recently completed its dark green wave in our Target Zone (between $86.38 and $68.39) and should now be wide awake and ready for renewed rises above $89.73. The price has already worked its way upward step by step. However, we consider it 37% likely that SBUX will breach the bottom of our Zone to head for another corrective low.
SBUX found bottom and may reverse LONGSBUX on a daily chart with two sets of VWAP bands anchored to dates back in one year ago
and two years ago shows SBUX to be at the same price level as the low pivot of 2022.
Price has bounced off the lower most of the VWAP bands and moved up in the past three
trading days with higher than usual volume. I believe that short traders are buying to cover
and take realized profits in their trades. The more price moves up the more likely short
traders will liquidate their positions and contribute to buying volume.
A short squeeze could potentially set up here.
I will take a long trade of shares and call options to profit from the price movement I
anticipate. I will set a stop loss at 71.75 the piot low and a target of 93 under the mean VWAP
black lines. The trade is anticipated to last 2-3 months and so the call options wll be taken with
a four- month expiration.
Can SBUX rise from beating beaten down 15% YTD ?SBUX of late has been in a descending channel and has sloped down heavily in April.
It is now in deep undervalued and overbought territory at the bottom of the channel and
above the 3rd lower VWAP band line. The RSI lines ( both faster and slower) are bearish as
well. My trade plan is to watch Starbucks for a reversal which may be signaled by
bullish divergence on the RSI. SBUX has fallen through a volume void under the high volume
area. Once it reverses it could rise fairly quickly to 90 and then slower to 94. These will be
the targets.
How much strength does it take to fill a gap?While I believe $87.50 is the point of contention for price action in the days to come, it’s difficult to say whether SBUX will be either below $70.00 or well above $100.00 by the end of Q4 2024. Either way a set up does present itself. The consumer is undergoing discretionary spending and currently this stock is down 15.43% year to date. When sentiment shifts, I see no reason as to why this asset couldn't be a decent performer in one's portfolio. The trading game plan is as follows.
1.) Short entry at 83.05 from the 100 4HR EMA
2.) SL set at 88.20
3.) TP 1 78.69
4.) TP 2 74.50
5.) TP 3 72.00
Fill The Gap Into $SBUX Short Setup, RR of 1:4Understanding My Investment and Trading Strategy
I focus my charting on three key elements:
1. Price Action via Engulfing Patterns: I look for larger bullish or bearish candlesticks.
2. Price Gaps After Earnings Announcements or News Catalysts: These gaps can indicate significant price movements.
3. Volume Spikes: These confirm increased buying or selling pressure.
These elements help me identify demand and supply zones (support and resistance).
Trade Example
Long Trade:
Entry: $73.06 from the first demand zone (starting May 1st for 5 days).
Stop Loss: A close below $68.
Target: $85.
Risk/Reward Ratio: 1:2.4.
My Trade Idea
Short Trade:
Entry: $87 when the gap is filled.
Stop Loss: $90, due to significant selling pressure from the recent earnings report.
First Take Profit: $75, with a Risk/Reward Ratio of 1:4, just before the $73.06 demand zone (which is likely to fail if tested again).
Second Take Profit: $61, anticipating that $60 might be a psychological barrier for investors with buy limits, and it's close to the demand zone at $57.23.
For Long-Term Investors Interested in Starbucks
Price Target for Buying: $57.23, which corresponds to a Price/Earnings (PE) Ratio of 16.
Dividend Yield Target: $56.25, offering a 4% dividend yield. Considering a 5-year dividend growth rate of 9.24%, this results in a 13.24% Rate of Return (RoR).
Buy Starbucks :DBuy Starbucks ladies and Gentleman. I have a couple good reasons to invest in Starbucks as I will be myself.
1. Starbucks Weekly and Monthly Bullish Triangle Formation, and Bullish Harmonic Bat Pattern
We can see an (ABCDE) correction, and Starbucks has already popped 7 percent from this universal trendline. The Bat pattern on the weekly chart inside of this triangle indicates a strong momentum shift.
2. Major Support with confluence of Divergence
- On the 4-hour RSI, from December 5th, 2023, to the current exhaustion gap, there is bullish divergence.
3.Exhaustion Gap
-The obvious thing after a gap happens is to fill it. With that being said, the 4-hour chart shows what looks to be an exhaustion gap, which would indicate a potential reversal area. This could also give longing more momentum as sentiment changes.
4.Summer
It technically starts in the USA on June 20th :D
5.Coffeeeee
Coffee looks to be bullish :D
(Things can always change due to Geopolitics!) But I do think we will get a decent long at least.
SBUX gets another earnings miss SHORTSBUX on the dialy chart may be another candidate to short while the general market remains
challenging in the face of the loss of anticipated rate cuts and ongoing geopolitical risk.
SBUX has been trending down for nearly six months and the earnings miss add emphaisis to the
trend. At this juncture, there is nothing to suggest a turnaround. I am adding SBUX to
my short list. I will look for pivot highs on a lower time frame and average into an overall
position in pieces.
SBUX 10/1/2023SBUX
SBUX has been a volatile stock since 2018, a characteristic that tends to be unpopular among investors. Between April '21 and January '22, the price entered a distribution stage, forming a Head and Shoulders pattern. The breakdown of this pattern, along with a Death Cross signal, marked SBUX's entry into a downtrend.
The downtrend persisted until May '22 when the price found support at around $70. Subsequently, the price experienced a full pullback to the neckline support area of the previous Head and Shoulders pattern.
From December '22 through August '23, the price has been moving sideways, forming what appears to be another Head and Shoulders pattern. There has been a break of the neckline and a Death Cross signal, mirroring the exact price movement observed previously.
Entering trade short
Entry: 91.49
Stop Loss: 100.66, -10.02%
Target #1: 71.00, +22.40%, 2.23 RR ratio
Target #2: 51.36, +43.86%, 4.38 RR ratio
Stabucks forming massive 9 year triangle?Starbucks could be building into a triangle pattern of epic scale. Presently on the weekly chart, we are looking for an eventual rebound from current price levels which is roughly in line with low points from 2020 & 2022. The real breakout could be years in the making though, whereupon a potentially massive measured move higher out of the edge of the triangle. In the meantime the stock doesn't look that attractive. Maybe milk the 3% dividend and look for a move up to touch the triangle, say even $90 as a price target? The might sound nice, but it's unlikely to materialize in the near term. Bad news for the coffee giant could precipitate a further decline to the upper $50's. Add SBUX to your periodic watchlist, an uptick in momentum could signal a rebound rally trade, and a bit more confidence to get long somewhere in the medium term.
Starbucks: Deeper! 🐳
Starbucks recently moved lower into our Target Zone (between $86.38 and $68.39), where we anticipate the low for wave (B) in dark green. In the short term, the only thing missing here should be the completion of the subordinate wave (c) in magenta. So, we still grant the stock the space to head closer to the 100.00% Fibonacci. However, it is also 35% likely that our Zone will be undercut. In this case, we would anticipate the low of the alternative wave alt. (B) a little lower in the chart. In any case, as soon as the $89.73 mark is crossed, that will be an important confirmation for a successful bottom formation.
Something Brewing?
NASDAQ:SBUX Has had a tough week (dropping -17.7%), topped with a demand from the former CEO Howard Schultz to shift focus from the current data-driven business model to a customer-centric business.
With the above being said, I believe the coffee giant will recover amid rising competition from Dtchbros $NYSE: BROS and Dunkin Donuts $FINRA: DNKN_SHORT_VOLUME.
This is my strategy:
Using Bollinger Bands and Fibonacci Retracement, we see a large trade volume and volatility increase as the price drops below the SMA and lower band. The price is currently $73.11. We can expect it to reach a price target of $84.68 (test strategy here) before retracement or reversal, as the shares may be near overbought status.
This will give us a nice $11.50 profit per share.
Enter at price targets: $70.31 and $72.92
Hold for the price to cross $87.46 for uptrend confirmation.
Starbucks Quarterly LogStarbucks' quarterly log chart showing signs of an important topping structure morphing into existence with momentum breaking down.
Not a good combo.
#starbucks NASDAQ:SBUX #retail
Wake up and smell the coffee Giant Head and Shoulders pattern, if this breaks below support post earnings, one can expect the pattern to confirm and a larger correction to occur.
Long-Term SBUX long after some stabilizationWith last poor earnings, Starbucks NASDAQ:SBUX generates my favorite long-term signal for potential long-term buying (Bollinger Bands torn & RSI oversold on weekly basis)
If the company gets its problems under control, there could be a reversal soon
After such negative earnings, however, the price still needs to stabilize somewhat
The stabilization of NASDAQ:META in the second picture took a week (picture 2) and of NASDAQ:NFLX a few weeks longer (picture 3) until the bottom was found after poor earnings
I will take a closer look at the earnings and the reasons for the strong sell-off of NASDAQ:SBUX and will probably buy a larger position in the next few trading days
The ideal price would be between $65 (resistance from 2015 and 2017) and $68.39 (low from May 2022)
$SBUX Trending channelNot financial advice.
NASDAQ:SBUX will see if it gets rejected for a positive bounce at the bottom of the trending channel witch will align with the monthly candle on the first yellow line. if fails to do so next yellow lines will be the targets.
Like and subscribe for more ideas.
thanks.
Starbucks Joins Forces with Podback for Coffee Pod RecyclingIn a significant stride towards environmental sustainability, Starbucks ( NASDAQ:SBUX ) has announced a groundbreaking partnership with Podback, a leading coffee pod recycling initiative in the UK. This innovative collaboration aims to revolutionize the way coffee lovers dispose of their used pods, making recycling effortless and accessible to all.
With coffee pod usage on the rise, environmental concerns regarding their disposal have been escalating. Recognizing this pressing issue, Starbucks ( NASDAQ:SBUX ) has taken proactive steps to address it. Through this partnership, Starbucks ( NASDAQ:SBUX ) At Home customers can now easily recycle their used coffee pods by simply picking up free Podback recycling bags at any of Starbucks' 1,250 coffee shops across the UK.
Once filled with used pods, these bags can be conveniently dropped off at any of the 6,500 Yodel drop-off locations nationwide. Additionally, Podback offers kerbside collection services for 1.5 million households in 21 UK local authorities, further enhancing accessibility to recycling facilities.
This initiative sheds light on Starbucks' commitment to sustainability. Jacqui Wetherly, Sustainability Director at Starbucks UK, emphasizes, "We are committed to our continued journey of reducing the environmental impact of all of our coffee products, from the beans to the milks we use and the way it is served." By partnering with Podback, Starbucks ( NASDAQ:SBUX ) is not only making recycling more convenient for its customers but also significantly reducing its environmental footprint.
Rick Hindley, Executive Director at Podback, lauds the collaboration, stating, "Partnering with one of the world’s best-known coffee brands is a sign of the considerable progress that Podback has made towards establishing a convenient and simple way for people to recycle used pods." This partnership exemplifies the collective effort of both Starbucks ( NASDAQ:SBUX ) and Podback in promoting sustainability and responsible consumption.
Furthermore, all coffee pods collected by Podback are recycled within the UK, contributing to the circular economy. Aluminum pods are repurposed into beverage cans, while plastic pods are transformed into various products, including supermarket crates and building materials. Even the leftover coffee grounds undergo anaerobic digestion, generating biogas and serving as a soil improver, completing the recycling loop.
This collaboration between Starbucks ( NASDAQ:SBUX ) and Podback marks a significant milestone in the journey towards a greener future. By providing a seamless recycling solution for coffee pod users, they are not only mitigating environmental impact but also inspiring other companies to adopt similar initiatives. As consumers become increasingly conscious of their environmental footprint, partnerships like these play a crucial role in fostering a more sustainable society.
Technical Outlook
Despite the collaboration with Podback, NASDAQ:SBUX stock is down 2% trading below the 200, 100, and 50-day Moving Averages (MA). NASDAQ:SBUX trades in the oversold region with a Relative Strength Index (RSI) of 16.99
$SBUX Major Trendline BreakdownSimilar to my NASDAQ:TSLA post , Just "Line Lessons 101" , This breakdown to me is significant.
I think from 2020 to 2024 consumers have "had" to learn to make coffee at home to save $$$...
SBUX might be "Barnes and Nobles 2.0"
Wouldn't buy for a LOOOOONG TIME...
SBUX Elliot WXY Double CorrectionSBUX continues its decline, which started on May 2023 at $115.48. It may be currently making the Y wave of the Elliot WXY double correction.
I expect this correction to continue until the range of $77.5-$83. I think this price range will be a great buying opportunity for SBUX when looking at the fundamental analysis of the company. After this price range, there may be a rally that will provide at least 15-20% yield.
Starbucks... bang the recesssion gongAlways said, when. starbucks fails, discretionary spending over, recesssion here, end of $10 coffee, people making their own. .
Starbucks Faces Stock Slump Amidst Global ChallengesStarbucks ( NASDAQ:SBUX ), the renowned coffee giant, is weathering the storm as its stock takes a steep tumble following a downward revision of its annual forecasts. With shares plunging nearly 14%, concerns loom large over the company's future trajectory.
The primary culprits behind Starbucks' woes are twofold: a sluggish demand in the United States and a slower-than-anticipated recovery in the crucial Chinese market. Persistent weakness in the U.S. market, exacerbated by inflationary pressures and a shift towards at-home consumption, has affected the company's bottom line. The adverse impact of several rounds of price hikes has driven customers away from cafes and restaurants, opting instead for home-brewed alternatives.
Adding to the company's woes are external factors such as severe weather conditions in the U.S. dampening sales and geopolitical tensions disrupting operations in the Middle East due to the Israel-Hamas conflict. These challenges have further compounded Starbucks' struggles to regain its footing in key markets.
Analysts have expressed concerns about the prolonged nature of Starbucks' predicament, with Danilo Gargiulo of Bernstein highlighting the lack of clear signs of improvement amidst worsening macroeconomic and competitive dynamics, particularly in China.
Starbucks' ( NASDAQ:SBUX ) revised forecasts paint a bleak picture, with full-year comparable sales expected to range from a low single-digit decline to flat, a far cry from its previous optimistic projections of 4% to 6% growth. Similarly, the company has downgraded its per-share profit growth forecast to between flat and low-single digits, a significant departure from its earlier estimates of 15% to 20% growth.
CEO Laxman Narasimhan acknowledged the shifting consumer landscape, noting that customers are becoming more discerning in their spending habits, especially with stimulus savings largely exhausted.
The repercussions of Starbucks' struggles extend to its stock valuation, with its forward price-to-earnings multiple (P/E) trailing behind industry peers such as McDonald's and Restaurant Brands. This disparity underscores investor concerns about the company's ability to navigate the current challenges and regain its growth momentum.
Technical Outlook
Starbucks' ( NASDAQ:SBUX ) stock closed Tuesday's market trading within the oversold region with a Relative Strength Index (RSI) of 14.96. Traders ought to be cautious of a trend reversal. The stocks' daily price chart indicates a long "Bearish Harami" candle stick pattern which accentuates the bearish nature of the stock .
SBUX Short Idea - Multiple Fib extensions convergingSBUX looks set to start a wave down to around $83 after a sideways ABCDE correction:
- 1:1 extension of the move down from 16 Nov 2023 to 17 Jan 2024
- 1:1 extension of the larger move down from 1st May 2023 to 3rd Oct 2023
- $83 is also strong support from previous consolidation in 2022
Startbucks Short OpportunityIf the price go up to 99, I will sell Starbucks, we are in a bearish move, breaker block has been confirmed, It just need to take last liquidity in the Balanced Price Range to move downside.
