STARBUCKS CORP. - 1H - Technical analysis published on 11/07/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
11%
50%
39%
My opinion
Bearish under 96.87 USD
My targets
95.33 USD (-0.73%)
94.34 USD (-1.76%)
My analysis
STARBUCKS CORP. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 96.87 USD. The next support located at 95.33 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 94.34 USD. Below this support, sellers could then target 93.72 USD.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.5
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The STARBUCKS CORP. rating is 96.03 USD. On the day, this instrument lost -0.05% and was between 95.78 USD and 96.69 USD. This implies that the price is at +0.26% from its lowest and at -0.68% from its highest.95.78
96.69
96.03
Here is a more detailed summary of the historical variations registered by STARBUCKS CORP.:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this STARBUCKS CORP. chart shows a bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA50 & MA100
Type : Bearish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently positioned bearish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 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 a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 94.86 | 95.33 | 95.95 | 96.03 | 96.87 | 98.14 | 99.14 |
| Change (%) | -1.22% | -0.73% | -0.08% | - | +0.87% | +2.20% | +3.24% |
| Change | -1.17 | -0.70 | -0.08 | - | +0.84 | +2.11 | +3.11 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 91.05 | 92.91 | 94.50 | 96.36 | 97.95 | 99.81 | 101.40 |
| Camarilla | 95.13 | 95.45 | 95.76 | 96.08 | 96.40 | 96.71 | 97.03 |
| Woodie | 90.91 | 92.84 | 94.36 | 96.29 | 97.81 | 99.74 | 101.26 |
| Fibonacci | 92.91 | 94.23 | 95.05 | 96.36 | 97.68 | 98.50 | 99.81 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 91.76 | 93.56 | 96.21 | 98.01 | 100.66 | 102.46 | 105.11 |
| Camarilla | 97.65 | 98.05 | 98.46 | 98.87 | 99.28 | 99.69 | 100.09 |
| Woodie | 92.20 | 93.77 | 96.65 | 98.22 | 101.10 | 102.67 | 105.55 |
| Fibonacci | 93.56 | 95.26 | 96.31 | 98.01 | 99.71 | 100.76 | 102.46 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 88.72 | 91.21 | 94.45 | 96.94 | 100.18 | 102.67 | 105.91 |
| Camarilla | 96.12 | 96.65 | 97.18 | 97.70 | 98.23 | 98.75 | 99.28 |
| Woodie | 89.11 | 91.40 | 94.84 | 97.13 | 100.57 | 102.86 | 106.30 |
| Fibonacci | 91.21 | 93.40 | 94.75 | 96.94 | 99.13 | 100.48 | 102.67 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 43.14 | |
| MACD (12,26,9): | -0.3100 | |
| Directional Movement: | 3.54 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 96.10 | |
| Parabolic SAR (0,02-0,02-0,2): | 97.23 | |
| Elder Ray (13): | -0.10 | |
| Super Trend (3,10): | 97.65 | |
| Zig ZAG (10): | 96.12 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 44.69 | |
| TEMA (21): | 96.01 | |
| Williams %R (14): | -61.00 | |
| Chande Momentum Oscillator (20): | -0.95 | |
| Repulse (5,40,3): | -0.1400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 1.13 |
| MA7: | 97.18 | |
| MA20: | 96.70 | |
| MA50: | 96.02 | |
| MA100: | 88.09 | |
| MAexp7: | 96.29 | |
| MAexp20: | 96.52 | |
| MAexp50: | 96.93 | |
| MAexp100: | 96.92 | |
| Price / MA7: | -1.18% | |
| Price / MA20: | -0.69% | |
| Price / MA50: | +0.01% | |
| Price / MA100: | +9.01% | |
| Price / MAexp7: | -0.27% | |
| Price / MAexp20: | -0.51% | |
| Price / MAexp50: | -0.93% | |
| Price / MAexp100: | -0.92% |
Quotes :
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15 min delayed data
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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:
- SBUX Investors Have Opportunity to Lead Starbucks Corporation Securities Fraud Lawsuit with the Schall Law Firm
- Contact The Gross Law Firm by October 28, 2024 Deadline to Join Class Action Against Starbucks Corporation (SBUX)
- SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Starbucks Corporation - SBUX
- SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Starbucks
- SBUX Investors Have Opportunity to Lead Starbucks Corporation Securities Fraud Lawsuit with the Schall Law Firm
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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