SRB Technical Analysis - STARBUCKS CORP

Technical Rating and Analysis

Overall SRB gets a technical rating of 1 out of 10. SRB 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

When comparing the yearly performance of all stocks, SRB is a bad performer in the overall market: 90% of all stocks are doing better.

SRB is part of the Hotels, Restaurants & Leisure industry. There are 62 other stocks in this industry, of which 68% are performing better than SRB.

SRB 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.

Warning: SRB has an average volume of 1449 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

In the last month SRB has a been trading in the 67.82 - 74.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of SRB 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

68.15

83.56

We found 1 important support area.

A support zone ranging from 68.84 to 72.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

We can see 4 important resistance areas.

A resistance zone ranging from 73.46 to 73.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @76.27 from a trend line in the daily time frame.
Resistance @77.92 from a horizontal line in the daily time frame.
A resistance zone ranging from 81.46 to 82.73. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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 SRB.DE is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for SRB.DE is neutral.
ChartMill Relative Strength	10.29	NEGATIVE	SRB.DE has a low relative strength, it was outperformed by 89.71% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of SRB.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of SRB.DE is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of SRB.DE is below a declining SMA(200).
Relative Strength Index/RSI (14)	55.57	NEUTRAL	The RSI value for SRB.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.35	POSITIVE	The MACD value suggests SRB.DE has a positive trend.
Stochastics (14,3)	68.57	NEUTRAL	The Stochastics value for SRB.DE is a neutral value.
Average True Range in percent/ATR (20)	1.89	LOW VOLATILITY	The low ATR as a percentage value for SRB.DE suggests low volalility.
Average Directional Index/ADX (14)	16.28	NEGATIVE	The low ADX value for SRB.DE suggests a weak or negative trend.