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Downtrend ResistanceArchive
- 1/3/2025 -
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Starbucks Corp. (SBUX) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second positive week after 4 consecutive negative weeks for the Starbucks Corp. (SBUX). During the week, the SBUX climbed 0.33 points, or 0.36%, and closed at 92.58 on Friday, January 3, 2025. Weekly volume was -39% below average.
SBUX is a member of Consumer Discretionary Sector. Consumer Discretionary is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 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 72.24 and resistance is at 105.20. 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 price is near the trend resistance line (91.74). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See SBUX weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since December 13, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See SBUX short-term trend chart]
A short-term downtrend had started on November 25, 2024 at 103.30 and reached 86.30 on December 23, 2024. SBUX lost 17.00 points, or 16.46%, in 28 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 80.78 and resistance is at 96.37. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge 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 above its signal line. Such crossover is considered a bullish signal.
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