On March 24, 2017 Starbucks (SBUX) crossed over the 50, 100, 200, and 250 day moving average (MA). Also, the 20 day MA crossed below the 200 day and the 50 day crossed below the 100 day MA. Historically the stock has crossed above the same four MAs three times and the stock moved up 3.704%, 4.927% and 9.000% over the next 25 trading days. The 20 day MA crossing below the 200 day and the 50 day crossing below the 100 day have not both occurred on the same day. The 20 day below the 200 day has occurred 23 times with a minimal drop of 0.274%, median drop of 5.494% and maximum drop of 30.091%. The 50 day below the 100 day has occurred 33 times with a minimal drop of 0.330%, median drop of 7.526% and maximum drop of 29.474%.
When we take a look at other technical indicators, the relative strength index (RSI) is at 58.4326. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is does not have a particular direction, but it is favoring the upside at the moment.
The true strength index (TSI) is currently -11.4156. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is trending upward. The stock recently hit a temporary bottom according to the TSI and is working back toward positive territory.
The positive vortex indicator (VI) is currently 0.9324 while the negative is 0.9216. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is trending upward. The positive just crossed the negative which indicates upward movement.
Considering the moving average crossover, RSI, TSI, and VI levels, the overall near-term stock direction appears to be trending upward. Based on historical movement compared to current levels and current overall downtrend channel, the stock could gain at least another 2% over the next four weeks.
When we take a look at other technical indicators, the relative strength index (RSI) is at 58.4326. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is does not have a particular direction, but it is favoring the upside at the moment.
The true strength index (TSI) is currently -11.4156. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is trending upward. The stock recently hit a temporary bottom according to the TSI and is working back toward positive territory.
The positive vortex indicator (VI) is currently 0.9324 while the negative is 0.9216. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is trending upward. The positive just crossed the negative which indicates upward movement.
Considering the moving average crossover, RSI, TSI, and VI levels, the overall near-term stock direction appears to be trending upward. Based on historical movement compared to current levels and current overall downtrend channel, the stock could gain at least another 2% over the next four weeks.
All forecasts are based on analysis of past behavior. Prior movements are not always indicative of future movement. Develop the theory, test the theory. Do your own research. Nothing in this analysis constitutes advice. YouTube For More. Good luck!!