US8552441094 - Common Stock - Premarket: 106.87 -2.28 (-2.09%)
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.
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.
Given the decent technical rating and the setup score, we can suggest the following trade.
|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%.|
NASDAQ:SBUX (2/2/2023, 7:22:55 PM)-0.84 (-0.76%)
|GICS Sector||Consumer Discretionary|
|GICS Industry||Hotels, Restaurants & Leisure|
|2 Weeks||4.69%||1 Month||4.49%|
|3 Month||18.82%||6 Month||27.32%|
|ATR Inc||68.55%||Range Today||2.83|
|ST Trend||LT Trend|
|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|
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