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Archive
- 4/26/2024 -
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Starbucks Corp. (SBUX) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a second consecutive positive week for the Starbucks Corp. (SBUX). During the week, the SBUX climbed 0.64 points, or 0.73%, and closed at 88.25 on Friday, April 26, 2024. SBUX was trading at average weekly trading volume.
 Long-term trend: [See SBUX long-term trend chart]
A long-term downtrend had started on May 1, 2023 at 115.48 and reached 84.29 on April 12, 2024. SBUX lost 31.19 points, or 27.01%, in 49 weeks. The price is now at the 12.70% 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 84.29 on April 12, 2024. SBUX lost 23.37 points, or 21.71%, in 21 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 83.07 and resistance is at 96.86. 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 medium-term trend.
 Weekly Technical Indicators: [See SBUX weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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 Lane's Stochastic 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. 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 January 31, 2024 at 98.36 and reached 84.29 on April 12, 2024. SBUX lost 14.07 points, or 14.30%, in 72 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 82.75 and resistance is at 95.19. 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 Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.
The daily MACD line is above its signal line since April 18, 2024. The distance between MACD and the signal line is low, but getting bigger.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Consumer Discretionary |
4 |
| Industry |
Restaurants |
51 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
84.29 |
| Low Date |
04/12/2024 |
| High |
89.73 |
| High Date |
04/25/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Valid |
| Resistance |
95.19 |
| Support |
82.75 |
| High |
98.36 |
| High Date |
01/31/2024 |
| Low |
84.29 |
| Low Date |
04/12/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Valid |
| Resistance |
96.86 |
| Support |
83.07 |
| High |
107.66 |
| High Date |
11/16/2023 |
| Low |
84.29 |
| Low Date |
04/12/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
115.48 |
| High Date |
05/01/2023 |
| Low |
84.29 |
| Low Date |
04/12/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
126.32 |
| High Date |
07/23/2021 |
| Low |
68.39 |
| Low Date |
05/12/2022 |
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