STARBUCKS CORP (SBUX) Stock Technical Analysis
NASDAQ:SBUX • US8552441094
Taking everything into account, SBUX scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SBUX is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month SBUX has a been trading in the 90.62 - 101.20 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- SBUX has an average volume of 9456180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, SBUX outperforms 44% of them, which is more or less in line with the market.
- SBUX is part of the Hotels, Restaurants & Leisure industry. There are 125 other stocks in this industry, SBUX did better than 61% of them.
- SBUX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SBUX is lagging the market.
SBUX has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
79.50
We found 4 important support areas.
- A support zone ranging from 87.01 to 88.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 83.95 to 83.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 82.28 to 82.62. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 80.30 to 80.63. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 97.18 to 99.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for SBUX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SBUX is up. |
| ChartMill Relative Strength | 44.39 | NEUTRAL | SBUX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SBUX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SBUX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SBUX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.7 | NEUTRAL | The RSI value for SBUX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests SBUX has a negative trend. |
| Stochastics (14,3) | 53.23 | NEUTRAL | The Stochastics value for SBUX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.74 | MEDIUM VOLATILITY | The ATR as a percentage value for SBUX suggests some volalility. |
| Average Directional Index/ADX (14) | 36.34 | POSITIVE | The high ADX value value for SBUX suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 99.46 | 93.54 | 5.93 (5.96%) | 16.79% |
| An entry @99.46. This is a Buy Stop order right above the resistance zone. | An exit @93.53. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 5.93 points, which is 5.96%. | When investing 16.79% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
96.76
-1.26 (-1.29%)
STARBUCKS CORP / SBUX FAQ
What is the technical rating for SBUX stock?
ChartMill assigns a technical rating of 8 / 10 to SBUX.
What is the current trend direction of STARBUCKS CORP (SBUX) stock?
The current trend direction for STARBUCKS CORP (SBUX) is Bullish.
What is the RSI signal for STARBUCKS CORP (SBUX) stock?
STARBUCKS CORP (SBUX) has an RSI value of 53.7032. This indicates that the stock is currently neutral.
What is the MACD signal for STARBUCKS CORP (SBUX) stock?
The MACD indicator for STARBUCKS CORP (SBUX) has a value of -0.177241, indicating a bearish trend.
What are the support and resistance levels for STARBUCKS CORP (SBUX) stock?
STARBUCKS CORP (SBUX) has a support level at 88.1 and a resistance level at 97.18. Check the full technical report for our detailed analysis of SBUX support and resistance levels.