STARBUCKS CORP. - 1H - Technical analysis published on 04/28/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 78.06 USD
My targets
81.77 USD (+3.80%)
84.83 USD (+7.68%)
My analysis
STARBUCKS CORP. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 78.06 USD. The next resistance located at 81.77 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 84.83 USD. After this resistance, buyers could then target 89.04 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The STARBUCKS CORP. rating is 78.78 USD. The price has increased by +1.34% since the last closing and was traded between 76.96 USD and 79.56 USD over the period. The price is currently at +2.36% from its lowest and -0.98% from its highest.76.96
79.56
78.78
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of STARBUCKS CORP. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 69.90 | 73.88 | 78.06 | 78.78 | 81.77 | 89.04 | 93.75 |
| Change (%) | -11.27% | -6.22% | -0.91% | - | +3.80% | +13.02% | +19.00% |
| Change | -8.88 | -4.90 | -0.72 | - | +2.99 | +10.26 | +14.97 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 75.34 | 75.94 | 76.84 | 77.44 | 78.34 | 78.94 | 79.84 |
| Camarilla | 77.33 | 77.47 | 77.60 | 77.74 | 77.88 | 78.02 | 78.15 |
| Woodie | 75.49 | 76.02 | 76.99 | 77.52 | 78.49 | 79.02 | 79.99 |
| Fibonacci | 75.94 | 76.51 | 76.87 | 77.44 | 78.01 | 78.37 | 78.94 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 65.87 | 68.81 | 72.19 | 75.13 | 78.51 | 81.45 | 84.83 |
| Camarilla | 73.84 | 74.42 | 75.00 | 75.58 | 76.16 | 76.74 | 77.32 |
| Woodie | 66.10 | 68.92 | 72.42 | 75.24 | 78.74 | 81.56 | 85.06 |
| Fibonacci | 68.81 | 71.22 | 72.71 | 75.13 | 77.54 | 79.03 | 81.45 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.04 | 33.53 | 49.64 | 66.13 | 82.23 | 98.72 | 114.83 |
| Camarilla | 56.78 | 59.76 | 62.75 | 65.74 | 68.73 | 71.72 | 74.70 |
| Woodie | 16.85 | 33.43 | 49.44 | 66.03 | 82.04 | 98.62 | 114.63 |
| Fibonacci | 33.53 | 45.98 | 53.67 | 66.13 | 78.58 | 86.27 | 98.72 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 63.97 | |
| MACD (12,26,9): | 0.8600 | |
| Directional Movement: | 12.34 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 78.20 | |
| Parabolic SAR (0,02-0,02-0,2): | 76.81 | |
| Elder Ray (13): | 1.10 | |
| Super Trend (3,10): | 76.35 | |
| Zig ZAG (10): | 78.67 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 77.98 | |
| TEMA (21): | 78.57 | |
| Williams %R (14): | -21.03 | |
| Chande Momentum Oscillator (20): | 3.10 | |
| Repulse (5,40,3): | 0.6200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 7.59 |
| MA7: | 76.10 | |
| MA20: | 71.98 | |
| MA50: | 72.44 | |
| MA100: | 80.50 | |
| MAexp7: | 78.11 | |
| MAexp20: | 77.13 | |
| MAexp50: | 75.77 | |
| MAexp100: | 73.82 | |
| Price / MA7: | +3.52% | |
| Price / MA20: | +9.45% | |
| Price / MA50: | +8.75% | |
| Price / MA100: | -2.14% | |
| Price / MAexp7: | +0.86% | |
| Price / MAexp20: | +2.14% | |
| Price / MAexp50: | +3.97% | |
| Price / MAexp100: | +6.72% |
News
The latest news and videos published on STARBUCKS CORP. at the time of the analysis were as follows:
-
Starbucks Brings Plant-Based Options To China Menu
- Starbucks Announces Q2 Fiscal Year 2020 Results Conference Call
- Thinking about trading options or stock in Accenture, Citrix Systems, Docusign, Starbucks, or Tesla?
-
Starbucks is paying workers for 30 days, even if they don't show up for work amid the coronavirus ou
-
Starbucks Closes Most U.S. Cafes
This member declared not having a position on this financial instrument or a related financial instrument.
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