|
|
Industry Stocks Technical Analysis - SBUXArchive
- 5/10/2024 -
Sign In to see current Signals. |
Starbucks Corp. (SBUX) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was a first positive week for the Starbucks Corp. (SBUX). During the week, the SBUX gained 3.00 points, or 4.10%, and closed at 76.11 on Friday, May 10, 2024. It was the best weekly gain since February 9, 2024. Weekly volume was 163% above average.
SBUX is a member of Consumer Discretionary Sector. Consumer Discretionary is the second most oversold 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 May 1, 2023 at 115.48 and reached 71.80 on May 7, 2024. SBUX lost 43.68 points, or 37.82%, in 53 weeks. The price is now at the 9.87% retracement level.
 Medium-term trend: [See SBUX medium-term trend chart]
A medium-term downtrend had started on November 16, 2023 at 107.66 and reached 71.80 on May 7, 2024. SBUX lost 35.86 points, or 33.31%, in 24 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (81.60) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 support in a medium-term trend.
 Weekly Technical Indicators: [See SBUX weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since December 29, 2023. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 April 25, 2024 at 89.73 and reached 71.80 on May 7, 2024. SBUX lost 17.93 points, or 19.98%, in 12 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See SBUX daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic.
The daily MACD line is below its signal line since April 30, 2024. This is an indication that the short-term trend is down.
The distance between the Bollinger Bands (34.79%) is close to one year high (26.04%). It is 292.50% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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.
| |
|
|