STARBUCKS CORP (SBUX) Stock Technical Analysis
NASDAQ:SBUX - Nasdaq - US8552441094 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to SBUX. SBUX has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month SBUX has a been trading in the 85.49 - 98.89 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
SBUX has an average volume of 9795240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the performance of all stocks over the past year, SBUX turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.
SBUX is an average performer in the Hotels, Restaurants & Leisure industry, it outperforms 54% of 131 stocks in the same industry.
SBUX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SBUX is lagging the market slightly.
The technical rating of SBUX is bad and it also does not present a quality setup 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.
More info and screens
78.89
100.27
When analyzing the support we can see 2 important areas.
- Support @81.93 from a trend line in the weekly time frame.
- 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 94.94 to 96.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 98.87 to 99.28. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for SBUX is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SBUX is down. |
| ChartMill Relative Strength | 64.2 | NEUTRAL | SBUX is not amongst the best or worst performers 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) | UP | MIXED | The current price of SBUX is below the rising 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) | 33.55 | NEUTRAL | The RSI value for SBUX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.88 | NEGATIVE | The MACD value suggests SBUX has a negative trend. |
| Stochastics (14,3) | 15.9 | OVERSOLD | The low Stochastics value suggests SBUX may be oversold. |
| Average True Range in percent/ATR (20) | 3.32 | MEDIUM VOLATILITY | The ATR as a percentage value for SBUX suggests some volalility. |
| Average Directional Index/ADX (14) | 18.36 | NEGATIVE | The low ADX value for SBUX suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
86.86
-2.3 (-2.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-2.58%
1 Week-8.01%
2 Weeks-7.4%
1 Month-8.03%
3 Month2.56%
6 Month-19.34%
12 Month14.47%
2 Year-10.86%
3 Year3.32%
5 Year2.83%
10 Year58.76%
15 Year655.96%
Volatility
ATR(14)3.17
ATR(20)%3.32%
ATR Inc45.65%
Range Today3.01
ADR(20)2.77
ADR(20)%3.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.2
Mansfield-1.41
10 Day High98.89
10 Day Low85.49
20 Day High98.89
20 Day Low85.49
52 Week High117.46
52 Week Low72.72
CS1 End81.93
CR1 Start94.94
Volume & EV
DER(3)-2.81%
DER(5)-2.56%
Volume16.22M
Volume Incr162.42%
Vol(5)21.77M
Vol(50)9.80M