STARBUCKS CORP (SBUX)       109.15  -0.84 (-0.76%)

109.15  -0.84 (-0.76%)

US8552441094 - Common Stock - Premarket: 106.87 -2.28 (-2.09%)

Technical Rating

8

Taking everything into account, SBUX scores 8 out of 10 in our technical rating. Although SBUX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.



Both the short term and long term trends are positive. This is a very positive sign.
SBUX is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 73% of 142 stocks in the same industry.
A new 52 week high is currently being made by SBUX, which is a very good signal! Especially since the S&P500 is only trading in the middle part of its 52 week range, so SBUX is leading the market.
In the last month SBUX has a been trading in the 103.49 - 110.83 range, which is quite wide. It is currently trading near the high of this range.
SBUX has an average volume of 6351950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that SBUX is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this relatively good performance is mostly due to a recent big move.

Statistics

1 Month 3 Months 6 Months 12 Months 4.49% 18.82% 27.32% 14.89% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 86.62 68.39 - 110.83
SBUX Weekly chart
SBUX Daily chart

Support/Resistance Analysis


82.11

111.09
4 important support areas can be observed.
  • A support zone ranging from 106.83 to 107.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A support zone ranging from 97.76 to 98.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @93.69 from a trend line in the daily time frame.
  • Support @82.94 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
  • A resistance zone ranging from 109.16 to 109.99. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

6

Besides having an excellent technical rating, SBUX also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 107.93, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SBUX in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.

Possible Trading Setup

Given the decent technical rating and the setup score, we can suggest the following trade.


ENTRYEXITDISTANCECAPITAL
110.00106.823.18 (2.89%)25.00%
An entry @110.00. This is a Buy Stop order right above the resistance zone.An exit @106.82. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 3.18 points, which is 2.89%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.72%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
SBUX Daily chart

STARBUCKS CORP109.15

NASDAQ:SBUX (2/2/2023, 7:22:55 PM)-0.84 (-0.76%)

Premarket: 106.87 -2.28 (-2.09%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Consumer Discretionary
GICS Industry Hotels, Restaurants & Leisure

Performance
Today -0.76% 1 Week 0.36%
2 Weeks 4.69% 1 Month 4.49%
3 Month 18.82% 6 Month 27.32%

Volatility
ATR(14) 1.87 ATR(20)% 1.73%
ATR Inc 68.55% Range Today 2.83

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 86.62 Mansfield 1.89
10 Day High 110.83 10 Day Low 103.89
20 Day High 110.83 20 Day Low 103.49
52 Week High 110.83 52 Week Low 68.39
CS1 End 107.93 CR1 Start 109.16

Volume & EV
DER(3) 3.89% DER(5) 3.42%
Volume 9.85M Volume Incr 17.23%
Vol(5) 7.05M Vol(50) 6.35M

Technical Stock Screener Links

Screen Image

Technical Stock Screener

Find stocks with similar TA and Setup ratings on the USA

Screen Image

Best Technical Competitors Stock Screener

Find the competitors with the best technical ratings on the USA

Screen Image

Best Technical Setups Competitors Stock Screener

Find the competitors with the best technical and setup ratings on the USA