STARBUCKS CORP. - Daily - Technical analysis published on 12/01/2021 (GMT)
- 333
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
56%
33%
My opinion
Bearish under 114.30 USD
My targets
106.25 USD (-3.97%)
101.37 USD (-8.38%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on STARBUCKS CORP. as long as the price remains well below 114.30 USD. The sellers' bearish objective is set at 106.25 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 101.37 USD. In case of crossing, the next objective would be the support located at 99.11 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.1
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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 110.64 USD. The price has increased by +0.91% since the last closing and was traded between 110.51 USD and 113.35 USD over the period. The price is currently at +0.12% from its lowest and -2.39% from its highest.110.51
113.35
110.64
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of STARBUCKS CORP. indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 101.37 | 106.25 | 109.69 | 110.64 | 114.30 | 118.67 | 126.06 |
| Change (%) | -8.38% | -3.97% | -0.86% | - | +3.31% | +7.26% | +13.94% |
| Change | -9.27 | -4.39 | -0.95 | - | +3.66 | +8.03 | +15.42 |
| Level | Minor | Major | Major | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 106.82 | 107.97 | 108.80 | 109.95 | 110.78 | 111.93 | 112.76 |
| Camarilla | 109.10 | 109.28 | 109.46 | 109.64 | 109.82 | 110.00 | 110.19 |
| Woodie | 106.67 | 107.89 | 108.65 | 109.87 | 110.63 | 111.85 | 112.61 |
| Fibonacci | 107.97 | 108.72 | 109.19 | 109.95 | 110.70 | 111.17 | 111.93 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 103.51 | 106.38 | 108.52 | 111.39 | 113.53 | 116.40 | 118.54 |
| Camarilla | 109.28 | 109.74 | 110.20 | 110.66 | 111.12 | 111.58 | 112.04 |
| Woodie | 103.15 | 106.20 | 108.16 | 111.21 | 113.17 | 116.22 | 118.18 |
| Fibonacci | 106.38 | 108.29 | 109.48 | 111.39 | 113.30 | 114.49 | 116.40 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 95.13 | 101.17 | 105.40 | 111.44 | 115.67 | 121.71 | 125.94 |
| Camarilla | 106.82 | 107.76 | 108.70 | 109.64 | 110.58 | 111.52 | 112.46 |
| Woodie | 94.24 | 100.72 | 104.51 | 110.99 | 114.78 | 121.26 | 125.05 |
| Fibonacci | 101.17 | 105.09 | 107.51 | 111.44 | 115.36 | 117.78 | 121.71 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.44 | |
| MACD (12,26,9): | -0.5400 | |
| Directional Movement: | -2.00 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 111.31 | |
| Parabolic SAR (0,02-0,02-0,2): | 116.82 | |
| Elder Ray (13): | 0.30 | |
| Super Trend (3,10): | 107.54 | |
| Zig ZAG (10): | 110.73 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 21.86 | |
| TEMA (21): | 111.07 | |
| Williams %R (14): | -70.29 | |
| Chande Momentum Oscillator (20): | -1.08 | |
| Repulse (5,40,3): | -1.5900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 3.18 |
| MA7: | 111.51 | |
| MA20: | 112.42 | |
| MA50: | 112.34 | |
| MA100: | 115.08 | |
| MAexp7: | 111.12 | |
| MAexp20: | 111.91 | |
| MAexp50: | 112.75 | |
| MAexp100: | 113.28 | |
| Price / MA7: | -0.78% | |
| Price / MA20: | -1.58% | |
| Price / MA50: | -1.51% | |
| Price / MA100: | -3.86% | |
| Price / MAexp7: | -0.43% | |
| Price / MAexp20: | -1.13% | |
| Price / MAexp50: | -1.87% | |
| Price / MAexp100: | -2.33% |
Quotes :
-
15 min delayed data
-
NASDAQ Stocks
News
Don't forget to follow the news on STARBUCKS CORP.. At the time of publication of this analysis, the latest news was as follows:
- Starbucks Declares Quarterly Cash Dividend
- Thinking about trading options or stock in Apple, Nio, Facebook, Starbucks, or Marathon Digital?
- Starbucks Reports Record Q4 and Full Year Fiscal 2021 Results
- Starbucks Makes Historic Investments in its Partners (Employees), Building on Long-Time Belief that Success is Best When Shared
- Berjaya Partners Holista to Offer Healthy Breads and Foods in Starbucks Malaysia, 7-Eleven and Other F&B Outlets
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis STARBUCKS CORP. - Daily