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SBUX trade ideas

Big Price Jump Expected For Tuesday A big price jump is expected Tuesday for SBUX. Based on candlestick analysis you can see at the bottom of the chart the first dashed line which is support. The green line above that is resistance which SBUX broke through today. The third green line at the 92.78 price line is the next level of resistance which SBUX has to go through in order to break out. We already had a break out today as labeled since we broke through that second line. We can expect a sharp jump in price within the first few hours of trading before it comes back down. It a second breakout does occur it will likely stay on track with the elliot wave which is a surge to $94 before the end of the week. We should expect pull back as indicated in red. The green lines that are vertical predictions while the horizontal lines are trend lines. MACD and RSI also show room to run further. Please comment your thoughts below. Follow if you like what you see!
NASDAQ:SBUXLong
by Myantman101
2
SBUX To Test 3rd Level Of Resistance Possible Break Out?Starbucks continue to break through resistance. I was told it would not go up today by a user and they were incorrect. We had a nice 1% gain today and I am expecting SBUX due to rise again tomorrow based on the candlestick trend breaking through resistance 2. It will have no choice but to go up and test resistance 2. Even if resistance 2 isn't broken it will at least be tried. MACD is still in our favor while the triple confirm is out of our favor but I have never relied on that unless I am timing my buy ins on the minute chart. Hit play on my previous SBUX publication to see my accuracy. I am looking forward to more gains tomorrow.
NASDAQ:SBUXLong
by Myantman101
SBUX Sitting Above SupportStarbucks is sitting above support and could break out to resistance 1 or resistance 2 on Monday 3.11.24. MACD proves growing bullish divergence while divergence+ shows bullish divergence as well. The Kurotoga cloud shows the downward trend based on resistance but current resistance is weak and the current candles are starting to break through. I predict a 1-2% price increase on SBUX monday 3.11. Comment below your thoughts. Will SBUX break out? Or will it follow its downward trend?
NASDAQ:SBUXLong
by Myantman101
2
Starbuck-->> Bulls back in charge<<-- Time to buy!NASDAQ:SBUX Analysis is based on simplified Smart Money Trading Concepts. Starbucks analysis was performed on both the Weekly Time Frame and then dialed down to the Daily. The Weekly TF has had a change of swing structure from bearish to bullish (noted by the line with "W-x"). Then we had a pull back into the current discount zone and on the daily time frame changed from Bearish order flow to Bullish order flow. Demand is stepping into the picture and we should see Starbucks price hit $107.66 hit within the next 40-60 days. Trade Idea Point of Invalidation: Any break AND below above $89.09 ------------------------------------------------------------------------------------------------------ Reward to Risk ratios could vary between 3:1 up to greater than 15:1 depending on the instrument you are trading and the level that you enter in at. The round trip time from entry to exit is between 40 days - 3 months. If you are Long the Underlying stock : 4 positions or one large entry between the 62%% pullback($96.22) and the 79% pullback($93.08) would be ideal. Exits: 1st = $107.66 2nd = $112.64 3rd = $119.10 4th = $126.11 **Split your positions between the 2 suggested exits** ------------------------------------------------------------------------------------------------------ If you are trading stock options: NO less than a 3 month expiration! This is to be able to capture the majority of the upward move. Suggestion: 17th May $105 Call or 17th May $100 Call Exits: Underlying stock price 1st = $107.66 2nd = $112.64 3rd = $119.10 4th = $126.11 If you need an options calculator, I suggest using: www.optionsprofitcalculator.com ------------------------------------------------------------------------------------------------------ If you are interested in a FREE course on how I analyze the markets, let me know in the comments. THERE IS NO CHARGE FOR AWESOMENESS
NASDAQ:SBUXLong
by TraderHustle
Starbucks to 98 Plus After Earnings !!Financial Performance: In 2023, Starbucks’s revenue was $35.98 billion, an increase of 11.55% compared to the previous year’s $32.25 billion. Earnings were $4.12 billion, an increase of 25.69%2. Analyst Forecast: According to 21 analysts, the average rating for SBUX stock is “Buy.” The 12-month stock price forecast is $114.35, which is an increase of 23.22% from the latest price2. Dividend Yield: Starbucks has a dividend yield of 2.4569%1, which could be attractive to income-focused investors. Growth Estimates: The growth estimate for the next 5 years (per annum) is 16.63%3 TP 98
NASDAQ:SBUXLong
by NYRUNSGLOBAL
$SBUX earnings play ( BULLISH )Starbucks ( NASDAQ:SBUX ) has printed a bullish divergence on the 1D timeframe. This occurs when the price action lows create lower lows, while the RSI lows simultaneously create higher lows. What this shows is that strength is increasing as price drops. Usually indicative of a sharp impending rally and most reliable at the bottom of a move. NASDAQ:SBUX has been in a free fall, dropping from a high of $107 on 11/16/23 to a low of $91 on 1/17/24 This 14.7% drop over the course of the last 2 months makes seeing this signal all the more intriguing. Entered 3/15 NASDAQ:SBUX 95c at 2.84 Looking for a retest of 12/15/23’s highs around $99, leaving us with intrinsic value of $400 and a minimum 40% return Earnings on 1/30 Not financial advice
NASDAQ:SBUXLong
by NickRinella
1
Why Starbucks is a great investment opportunityStarbucks, the renowned coffeehouse chain, has become a household name for many people across the globe. With over 30,000 stores in more than 80 countries, Starbucks has established itself as one of the leading players in the restaurant industry. Its strong financial performance and impressive growth potential have made it a hot pick for investors looking to invest in this sector. In this section, I will analyse Starbucks’ weekly timeframe by wearing the supply and demand imbalances glasses. As supply and demand traders, we do not need to understand the company’s forecasts and financial performance to analyze its growth potential. We only need to know where the imbalances in price are on a price chart. The stock is currently trading at $96 per share. It’s very close to a strong demand imbalance sitting at $94.19. We expect the stock to rally to $104 and much higher.
NASDAQ:SBUXLong
by AlfonsoMoreno