The daily and weekly chart reveals an impulsive 5 waves movement, started in May 2022 and concluded exactly a year later, again in May. This annual cycle shows the first wave of a higher degree.
The ongoing corrective movement in 3 waves (zig-zag ABC) might find its conclusion in the 0.61/0.78 Fibonacci area. This would mark the end of the second wave within our...
We can see from the chart that around 90 dollars is a major resistance level where the price action fails to go below substantially (hovering at 84 dollars) but fail to break above the 92 dollars........
With inflation soaring higher in food, transportation, gas, etc , are people still drinking their coffee at Starbucks as frequently as before ? Or will they cut...
Strong current numbers brought the share price on november 2nd a good pump of about 15%, where the value bounced off an initial resistance. This trend line was tested repeatedly until the end of the last trading week.
As a result, it is possible that in a good environment this trend will be broken next week and the next resistance will be tested at around...
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.
Starbucks Corp. delivered a solid financial 2023 report. Revenue for Q4 of the 2023 fiscal year reached 9.4 billion USD, with a relative increase of 11%. Net profit per share for the same period increased by 39% to 1.06 USD. The company's management plans to maintain sales growth rates above 10% and net profit above 15%.
Therefore, today, we focus on the...
Excellent gap up on earnings for $NASDAQ:SBUX. The move reclaims the 200SMA and price action has filled the expected range when taking a measure from prior swing low through the gap. Now lets see what kind of momentum can follow through.
Hi its lubosi stocks.
and am here to talk to you about Starbucks. NASDAQ:SBUX
Starbucks is in a bear market.
Look at the chart above.
Starbucks is going to have its Q4 Earnings report soon.
Honestly, I don't know why it's in a bear market.
But this stock flashed on the proprietary trading system am using.
Will you sell it?
Disclaimer:Do not buy or sell...
Starbucks has drifted lower since May, and now traders may see further downside risk.
The first patterns on today's chart are the candlesticks on October 19 and October 25. SBUX tried to get above $95 but failed to close there in two separate weeks. Such price action could reflect selling pressure.
Next, the coffee chain stalled at a low from July 7. Has old...
SBUX
W1 - The 4th wave is forming, which can lead to a continuation of the downward movement, but it is also clear that the price, after fixing the level, has formed a reversal pattern on D1, which can lead to a strong correction.
D1 - Formation of a three-wave structure, you can try to consider buying from the level of 94.00. Locally to levels 101.76. If...
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
SBUX has been a volatile stock since 2018, a characteristic that tends to be unpopular among investors. Between April '21 and January '22, the price entered a distribution stage, forming a Head and Shoulders pattern. The breakdown of this pattern, along with a Death Cross signal, marked SBUX's entry into a downtrend.
The downtrend persisted until May '22...
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...
