SBUX Technical Analysis - STARBUCKS CORP

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to SBUX. SBUX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, SBUX is a bad performer in the overall market: 85% of all stocks are doing better.

SBUX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month SBUX has a been trading in the 81.20 - 92.97 range, which is quite wide. It is currently trading near the lows of this range.

SBUX has an average volume of 9706420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

SBUX is part of the Hotels, Restaurants & Leisure industry. There are 133 other stocks in this industry, SBUX did better than 40% of them.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

STARBUCKS CORP / SBUX Weekly stock chart

Setup Rating and Analysis

SBUX has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

78.89

100.27

When analyzing the support we notice one important area.

A support zone ranging from 79.69 to 80.30. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 4 important areas.

A resistance zone ranging from 86.27 to 90.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 94.94 to 95.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @96.94 from a horizontal line in the daily time frame.
Resistance @99.28 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for SBUX is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for SBUX is down.
ChartMill Relative Strength	15.56	NEGATIVE	SBUX has a low relative strength, it was outperformed by 84.44% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SBUX is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of SBUX is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of SBUX is below a declining SMA(200).
Relative Strength Index/RSI (14)	41.29	NEUTRAL	The RSI value for SBUX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.25	NEGATIVE	The MACD value suggests SBUX has a negative trend, although the MACD value is rising.
Stochastics (14,3)	20.29	NEUTRAL	The Stochastics value for SBUX is a neutral value.
Average True Range in percent/ATR (20)	2.18	MEDIUM VOLATILITY	The ATR as a percentage value for SBUX suggests some volalility.
Average Directional Index/ADX (14)	17.1	NEGATIVE	The low ADX value for SBUX suggests a weak or negative trend.