Starbucks Corporation SBUX is capitalizing on its expansion initiatives and strong North America comparable sales. Nevertheless, disappointing Channel Development sales and rising inflationary costs are challenges. Over the past year, the stock has risen by 6.1% compared with the industry's 8% growth.
The Zacks Rank #3 (Hold) company’s earnings and sales in...
The Starbucks Corporation (SBUX) has been declining aggressively since early May 2023 as fundamentals failed to keep the mid-2022 rally going. Now there are heavy technicals for the stock to consider as last month (chart on the right) it closed the 1M candle below the 1M MA50 (blue trend-line) for the first time in 11 months. On the weekly (chart on the left), it...
SBUX has seen a sharp break of 95 and may be forming a kind of titled head and shoulders formation with an XLY that might be rolling over. Good luck traders
SBUX like many other stocks out there has multiple Head & Shoulders pattern.
One H&S is mammoth the other smaller. It so happens that price is simultaneously
breaking a recent up channel.
A break here could possibly result in a significant price drop.
It is better to be out of a trade wishing you were in rather than in a trade wishing you were out.
Caution is...
Here is one of my most explosive setups, the Pinbar. A bullish Pinbar on a HTF chart tells us that sellers tried pushing price lower but failed miserably due to a strong surge in buyers taking control and this is also confirmed by the CVol + The inverse head and shoulders on the LTF (5m). If you look at the 5m charts volume the last bar was much more noticeably...
SBUX doesn't look good for bulls.
We see a head and shoulders pattern, but frankly speaking, SBUX looks so bearish now that entering short now may be not a bad idea.
However , in order to take a short position based on the confirmation, it's better to wait for a neckline (support) breakdown.
2 targets are shown on the chart.
Stop loss: 106$
Like many other stocks a H&S in forming here as well. If completed (still need to break the neckline) the price target is compatible with the May '22 lows. This could be a good opportunity for dollar-cost-averaging at the various horizontal sub-levels if you are looking for an entry
- Price confirms 200 MA (red)
- Seasonality in Starbucks is starting now
- Retraced already over 38 % from the last high in April
So if the FED doesn't send the markets in the basement with their decision I stay bullish in Starbucks....
Entry: with price below 93.91
Volume: with volume greater than 7.825M
Target: 88.98 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 93.70, 96.06 gets you 2/1 Reward to Risk Ratio.
This SHORT swing trade idea is not trade advice and is strictly...
Assessment of Starbucks' Stock Performance Since Q3 Earnings Release
Since its Q3 earnings release on August 1, Starbucks' stock has exhibited a sideways trading pattern, experiencing a modest decrease of 2.7%. This movement prompts a closer examination of the company's value proposition in light of the current market conditions.
Undervaluation of Starbucks'...
📈📊 #ChartPattern Alert! 📈📊
📈 Falling Wedge 📈
📈 What is a Falling Wedge? The Falling Wedge is a bullish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bullish reversal, with the price likely to break upward after the wedge pattern.
📈 How to...
Another HS is building up here. The break down will be violent, I think it just need a couple of weeks to get the target. I don't think that support at 96 will hold for much longer, too much bearish pressure. It could make a last pull back, is it does I'll add to my short position.
