STARBUCKS CORP. - Daily - Technical analysis published on 10/03/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 84.69 USD
My targets
75.28 USD (-10.91%)
61.69 USD (-26.99%)
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 84.69 USD. The next support located at 75.28 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 61.69 USD. Below this support, sellers could then target 53.89 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
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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. price is 84.50 USD. The price registered an increase of +0.21% on the session with the lowest point at 83.61 USD and the highest point at 84.91 USD. The deviation from the price is +1.06% for the low point and -0.48% for the high point.83.61
84.91
84.50
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Daily chart of STARBUCKS CORP. indicates that the overall trend is bearish. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
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 support of triangle
Type : Bullish
Timeframe : Daily
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Downside gap
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 53.89 | 61.69 | 75.28 | 84.50 | 84.69 | 89.42 | 94.74 |
| Change (%) | -36.22% | -26.99% | -10.91% | - | +0.22% | +5.82% | +12.12% |
| Change | -30.61 | -22.81 | -9.22 | - | +0.19 | +4.92 | +10.24 |
| Level | Major | Major | Intermediate | - | Minor | Major | Minor |
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 | 81.80 | 82.98 | 83.65 | 84.83 | 85.50 | 86.68 | 87.35 |
| Camarilla | 83.81 | 83.98 | 84.15 | 84.32 | 84.49 | 84.66 | 84.83 |
| Woodie | 81.55 | 82.85 | 83.40 | 84.70 | 85.25 | 86.55 | 87.10 |
| Fibonacci | 82.98 | 83.69 | 84.12 | 84.83 | 85.54 | 85.97 | 86.68 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 82.87 | 85.33 | 86.85 | 89.31 | 90.83 | 93.29 | 94.81 |
| Camarilla | 87.28 | 87.64 | 88.01 | 88.37 | 88.74 | 89.10 | 89.47 |
| Woodie | 82.40 | 85.10 | 86.38 | 89.08 | 90.36 | 93.06 | 94.34 |
| Fibonacci | 85.33 | 86.85 | 87.79 | 89.31 | 90.83 | 91.77 | 93.29 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 75.35 | 81.48 | 84.95 | 91.08 | 94.55 | 100.68 | 104.15 |
| Camarilla | 85.78 | 86.66 | 87.54 | 88.42 | 89.30 | 90.18 | 91.06 |
| Woodie | 74.02 | 80.82 | 83.62 | 90.42 | 93.22 | 100.02 | 102.82 |
| Fibonacci | 81.48 | 85.15 | 87.41 | 91.08 | 94.75 | 97.01 | 100.68 |
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): | 27.65 | |
| MACD (12,26,9): | -2.1200 | |
| Directional Movement: | -24.63 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 87.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 90.04 | |
| Elder Ray (13): | -4.16 | |
| Super Trend (3,10): | 89.82 | |
| Zig ZAG (10): | 84.47 | |
| VORTEX (21): | 0.7400 | |
| Stochastique (14,3,5): | 4.45 | |
| TEMA (21): | 85.36 | |
| Williams %R (14): | -89.40 | |
| Chande Momentum Oscillator (20): | -6.24 | |
| Repulse (5,40,3): | -3.2500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2500 | |
| Courbe Coppock: | 10.20 |
| MA7: | 87.47 | |
| MA20: | 89.98 | |
| MA50: | 93.55 | |
| MA100: | 88.39 | |
| MAexp7: | 86.88 | |
| MAexp20: | 89.64 | |
| MAexp50: | 90.83 | |
| MAexp100: | 87.95 | |
| Price / MA7: | -3.40% | |
| Price / MA20: | -6.09% | |
| Price / MA50: | -9.67% | |
| Price / MA100: | -4.40% | |
| Price / MAexp7: | -2.74% | |
| Price / MAexp20: | -5.73% | |
| Price / MAexp50: | -6.97% | |
| Price / MAexp100: | -3.92% |
News
The latest news and videos published on STARBUCKS CORP. at the time of the analysis were 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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