STARBUCKS CORP. - Daily - Technical analysis published on 09/22/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
11%
50%
39%
My opinion
Bearish under 90.23 USD
My targets
84.69 USD (-5.97%)
75.28 USD (-16.42%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for STARBUCKS CORP. as long as the price remains well below 90.23 USD. The next bearish objective for sellers is set at 84.69 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 75.28 USD. In case of crossing, the next objective would be the support located at 61.69 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 84.69 USD. With this support, against the trend traders who want to buy STARBUCKS CORP. on a buy signal from their trading strategy should not hesitate to act.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
2
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
STARBUCKS CORP. rating 90.07 USD. The price registered a decrease of -1.63% on the session and was traded between 90.06 USD and 92.08 USD over the period. The price is currently at +0.01% from its lowest and -2.18% from its highest.90.06
92.08
90.07
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by STARBUCKS CORP.:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of STARBUCKS CORP. indicates that the overall trend is slightly bullish. 53.57% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 9 technical indicators out of 18 studied are currently bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
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:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of triangle is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 61.69 | 75.28 | 84.69 | 90.07 | 90.23 | 94.72 | 99.11 |
| Change (%) | -31.51% | -16.42% | -5.97% | - | +0.18% | +5.16% | +10.04% |
| Change | -28.38 | -14.79 | -5.38 | - | +0.16 | +4.65 | +9.04 |
| Level | Major | Intermediate | Minor | - | Intermediate | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 88.74 | 89.52 | 90.54 | 91.32 | 92.34 | 93.12 | 94.14 |
| Camarilla | 91.07 | 91.23 | 91.40 | 91.56 | 91.73 | 91.89 | 92.06 |
| Woodie | 88.86 | 89.58 | 90.66 | 91.38 | 92.46 | 93.18 | 94.26 |
| Fibonacci | 89.52 | 90.21 | 90.63 | 91.32 | 92.01 | 92.43 | 93.12 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 81.25 | 85.28 | 87.88 | 91.90 | 94.51 | 98.53 | 101.13 |
| Camarilla | 88.66 | 89.27 | 89.87 | 90.48 | 91.09 | 91.70 | 92.30 |
| Woodie | 80.54 | 84.92 | 87.17 | 91.55 | 93.79 | 98.18 | 100.42 |
| Fibonacci | 85.28 | 87.81 | 89.37 | 91.90 | 94.44 | 96.00 | 98.53 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 88.57 | 90.80 | 93.68 | 95.91 | 98.79 | 101.02 | 103.90 |
| Camarilla | 95.16 | 95.62 | 96.09 | 96.56 | 97.03 | 97.50 | 97.97 |
| Woodie | 88.90 | 90.96 | 94.01 | 96.07 | 99.12 | 101.18 | 104.23 |
| Fibonacci | 90.80 | 92.75 | 93.96 | 95.91 | 97.86 | 99.07 | 101.02 |
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): | 39.40 | |
| MACD (12,26,9): | -1.1200 | |
| Directional Movement: | -12.17 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 91.59 | |
| Parabolic SAR (0,02-0,02-0,2): | 94.67 | |
| Elder Ray (13): | -0.92 | |
| Super Trend (3,10): | 95.78 | |
| Zig ZAG (10): | 90.07 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 17.99 | |
| TEMA (21): | 89.79 | |
| Williams %R (14): | -90.30 | |
| Chande Momentum Oscillator (20): | -6.04 | |
| Repulse (5,40,3): | -2.2800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 11.79 |
| MA7: | 90.76 | |
| MA20: | 93.68 | |
| MA50: | 93.96 | |
| MA100: | 87.46 | |
| MAexp7: | 91.06 | |
| MAexp20: | 92.72 | |
| MAexp50: | 92.11 | |
| MAexp100: | 87.93 | |
| Price / MA7: | -0.76% | |
| Price / MA20: | -3.85% | |
| Price / MA50: | -4.14% | |
| Price / MA100: | +2.98% | |
| Price / MAexp7: | -1.09% | |
| Price / MAexp20: | -2.86% | |
| Price / MAexp50: | -2.21% | |
| Price / MAexp100: | +2.43% |
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 Announces Three New Appointments to Board of Directors
-
What Starbucks tells us about the US economy | FT
-
Why Dunkin' Is Taking On Starbucks And Betting On Coffee
-
Former Starbucks CEO Howard Schultz will not run for president in 2020
-
Starbucks Stock Drops Over Expected Profit Growth Slowing
This member declared not having a position on this financial instrument or a related financial instrument.
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