Bullish Alert : SBUXHourly Chart.
The price is trying to exit this good base at about $103.
There is my combo ready and well structured to confirm the breakout
SBUX trade ideas
put credit spread SBUXmacro: snp500 QQQ uptrend
News: inflation flattening
TA : side way , break the swing high for entry, weak trend hence credit spread
Stop, rolling til out of money
SBUX sitting at monthly 50% Fibonacci levelSBUX has an interesting opportunity if it can get about the previous week's high, which is right at the month's 50% Fibonacci level. Historically, there is a very good chance for range expansion past the previous month's high if the month's 50% will act as support.
SBUX to ~$118.74, try for a shortSBUX gave the perfect automatic re-entry after tagging the mid-point pivot and returning to our original entry. Following the rules and reloading would have already ensured you now have your full investment lots, risk free. With no downside other than a $0 gain potential it's a good chance SBUX goes for it's $118.74 target.
Based on how it pivoted down straight from it's midpoint on the first touch take the bet and to try getting short at $118.74 with a tight stop. If it blows through the final d-target then there's more upside coming. But chances are we see a reversal from the d-target. Don't get greedy though and take profits early on that reversal to ensure lock in your risk.
Can SBUX reach above $105 before its next ER?According to Wikipedia ...
"As of November 2021, the company had 33,833 stores in 80 countries, 15,444 of which were located in the United States. Out of Starbucks' U.S.-based stores, over 8,900 are company-operated, while the remainder are licensed.
The rise of the second wave of coffee culture is generally attributed to Starbucks, which introduced a wider variety of coffee experiences. Starbucks serves hot and cold drinks, whole-bean coffee, micro-ground instant coffee, espresso, caffe latte, full and loose-leaf teas, juices, Frappuccino beverages, pastries, and snacks. Some offerings are seasonal or specific to the locality of the store. Depending on the country, most locations provide free Wi-Fi Internet access."
No more coffeePrice is sitting on a strong support but also was rejected from the broken uptrend. We may say another bounce but on the other hand is very probable that price opens with a gap down soon. I just bought some puts (are very cheap now) strike $97 expire 07/14.
$SBUX - Looking through the bear's lensNASDAQ:SBUX I was intrigued by a bear case and decided to take a look at it. Currently sitting on a FIB and anchored VWAP. If $95 breaks, it can head to $84 to $83 area, which is also a FIB and an anchored VWAP support.
$91 and $88 area could provide a reasonably strong support.
If $84 fails, it can check back the multi-year trend line around $76 - $72 area. If that trend line breaks, $57 is not out of the question.
Current PE is 31. At $72 the PE is around $22. At $57 PE is around $18. Provide EPS stays constant.
So what would invalidate the bear case? Price closing above $102.
ER is on Aug 1st. As always it will make or break a chart.
No position. 👀ing.
SBUX - Head & Shoulder Top Formed and Target 80SBUX - Head & Shoulder Top Formed and Target 80
SBUX has formed a H&S top. Today it broke the 96 shoulder support area.
The stock is in a downtrend now. Further downside will target the 80 area.
However, back over the 200 day MA will negate the downtrend.
Did Starbucks Just Break Support?Starbucks has staggered since late 2022, and now traders could see risk of a push lower.
The first pattern on today’s chart is high-volume bearish gap on May 3 after the coffee chain issued weak guidance. The stock held it 50-day simple moving average (SMA) for about two weeks after the drop, then continued lower to its 200-day SMA.
SBUX spent about five weeks in that price area, which was also near the March low of $97.16. It additionally formed a bearish descending triangle that broke to the downside yesterday. Has key resistance given way?
MACD turned down as well, a potential sign of direction shifting lower.
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Confirmed Pivot on Starbucks. SBUXLow of D Crossed. ABCDE >1.0Fibtime of A, thus highly likely for entire B Wave completion. IOf this is true, then expecting an impulsive descent down. It is interesting to observe how Fibonacci ratios coincide with levels of candlestick support/resistance. It is a well described phenomenon that is once again apparent here.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
Will Starbucks bounce off of support?Starbucks has been trading between 96-113 for months now and recently Starbucks has pulled back under 100 to its support level of 96. On the Daily chart we see that every time it has touched this support it has bounced back up towards at least the 100 level.
This could be a good entry for a call into the next couple weeks/within the next month.
If the support fails, Starbucks can head downs towards the 90 range.
Coffee Looks Expensive!!Hi mates, Sharing daily chart of Starbucks and by the observation of trend it is looking week on this time frame so if it will break support zone 1 and close below can go and test next supports below mentioned on chart.
This is not and trade or investment advice. This idea is meant for learning.
Best Regards-: Amit
StarBucks Head and Shoulders Target $45 Per ShareI am expecting July to be somewhat of a doji month followed by a severe sell off. When Starbucks gets to $45-50 I will be buying as I like this company for the long term.
I will link my SP500 charts to back up this sell off.
You can clearly see the head and shoulders pattern and how the weekly 21ema is now pointing straight down. I have drawn out the upchannel trendlines perfectly as Starbucks has been in a clear up trend for decades as it follows the ES.
Starbucks at crucial support.Starbucks - 30d expiry - We look to Buy at 97.62 (stop at 94.94)
The primary trend remains bullish.
97 continues to hold back the bears.
Bespoke support is located at 97.50. 96.17 has been pivotal.
Offers ample risk/reward to buy at the market.
The daily chart technicals suggests further downside before the uptrend returns.
Our profit targets will be 104.12 and 106.12
Resistance: 99.00 / 101.00 / 102.50
Support: 97.48 / 96.52 / 96.17
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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 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.
