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...
SBUX 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...
Understanding 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...
CAKE on the 30 minute chart shows suggests as a short candidate including death crosses as well as a loss of strength on the RSI indicator. I will short CAKE and investigate put options for sufficient volume and level of implied volatility.
SBUX 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...
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...
In 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...
Starbucks ( 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...
If you haven`t bought the dip on SBUX: Then analyzing the options chain and the chart patterns of SBUX Starbucks Corporation prior to the earnings report this week, I would consider purchasing the 90usd strike price Calls with an expiration date of 2024-6-21, for a premium of approximately $3.15. If these options prove to be profitable prior to the earnings...
The Starbucks share price has fallen again in recent weeks and has now approached the important support level of $89.28. Primarily, we expect the turquoise-colored wave B to continue its corrective rise before starting its final descent to the green target zone between $86.38 and $68.39. Alternatively, however, it could already be working on this descent should it...
SBUX looks like it's getting heavy up here. I'm looking to short the break of the uptrend. It's currently at a 2.02% dividend which isn't great right now. I don't like trying to pick tops, but always seem to give it a go. So here's one for everyone to see. Ridicule me if you like.
If you haven`t bought the dip on SBUX: Then analyzing the options chain and the chart patterns of SBUX Starbucks Corporation prior to the earnings report this week, I would consider purchasing the 96usd strike price Calls with an expiration date of 2024-2-2, for a premium of approximately $1.55. If these options prove to be profitable prior to the earnings...
SBUX - Added a starter long here, Risk to reward seems better here. Stop Loss - 85 Target #1 - 100 Phsyc number Target #2 - 120 Target #3 - 130 , after a pullback to 110's
Reasons for bullish bias: - Price broke Last LH - Bounce from strong support Entry Level(CMP): 96.17 Stop Loss Level: 90.95 Take Profit Level 1: 101.39 Take Profit Level 2: 106.61
The Big 4 Earnings today - THE RESULT ✅Google ✅Microsoft ❌Starbucks ✅AMD See the chart for reported vs estimated and how the price finished up today ▫️ NASDAQ:MSFT a clear leader ▫️ NASDAQ:SBUX missed expectations on both fronts ▫️ NASDAQ:GOOGL & NASDAQ:AMD try to hold ATH
The 4 Big Earnings Releases For Today I will update these charts later with there reported earnings and revenue. You can see that NASDAQ:MSFT leads the pack with relative strength. Premarket Google and Microsoft are showing higher prices whilst Starbucks and AMD are showing lower premarket prices (see orange price bars) NASDAQ:GOOGL NASDAQ:AMD ...
Starbucks Corp. (SBUX) presently testing significant resistance, able to absorb weekly buying pressures. From here, (SBUX) can drop to channel support, eliciting losses of 15% - 20% over the following 2 - 3 months. Inversely, a weekly settlement above resistance would place (SBUX) into a buy signal where gains of 20% would be expected over the following 2 - 5 months.
Chart looks bearish with lower lows and lower highs. Once it goes below 80, high chance it could hit 50, may be by May 2024.