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Archive
- 11/8/2024 -
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Starbucks Corp. (SBUX) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Starbucks Corp. (SBUX). During the week, the SBUX dropped -1.39 points, or -1.40%, and closed at 97.61 on Friday, November 8, 2024. It was the worst weekly loss since September 20, 2024. Weekly volume was -34% below average.
 Long-term trend: [See SBUX long-term trend chart]
A long-term downtrend had started on July 23, 2021 at 126.32 and reached 68.39 on May 12, 2022. SBUX lost 57.93 points, or 45.86%, in 41 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 72.03 and resistance is at 106.10. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.
 Medium-term trend: [See SBUX medium-term trend chart]
A medium-term downtrend had started on May 1, 2023 at 115.48 and reached 71.55 on July 16, 2024. SBUX lost 43.93 points, or 38.04%, in 63 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (64.16) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See SBUX weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
The weekly MACD line is above its signal line since August 9, 2024. Use the following link to access a MACD help.
 Short-term trend: [See SBUX short-term trend chart]
A short-term uptrend had started on October 23, 2024 at 93.69 and reached 99.80 on November 1, 2024. SBUX gained -6.11 points, or -6.52%, in 9 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 94.84 and resistance is at 100.30. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.
 Daily Technical Indicators: [See SBUX daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
The distance between the Bollinger Bands is falling, and it was 4.3% on Friday. It is 64.25% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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