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Archive
- 4/5/2024 -
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Starbucks Corp. (SBUX) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Starbucks Corp. (SBUX). During the week, the SBUX dropped -4.54 points, or -4.97%, and closed at 86.85 on Friday, April 5, 2024. SBUX was trading at average weekly trading volume.
 Long-term trend: [See SBUX long-term trend chart]
A long-term downtrend had started on May 1, 2023 at 115.48 and reached 86.83 on April 5, 2024. SBUX lost 28.65 points, or 24.81%, in 48 weeks. Price is near the trend low.
 Medium-term trend: [See SBUX medium-term trend chart]
A medium-term downtrend had started on November 16, 2023 at 107.66 and reached 86.83 on April 5, 2024. SBUX lost 20.83 points, or 19.35%, in 20 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend support (87.38) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.
 Weekly Technical Indicators: [See SBUX weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since December 29, 2023. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
Short-term trend: [See SBUX short-term trend chart]
A short-term downtrend had started on February 9, 2024 at 97.99 and reached 86.83 on April 5, 2024. SBUX lost 11.16 points, or 11.39%, in 56 days. Price is near the trend low.
 Daily Technical Indicators: [See SBUX daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
 Candlestick pattern: [See SBUX candlestick chart pattern]
On Friday the chart has formed a Bearish Three Black Crows Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bearish Three Black Crows Candlestick pattern during the last week.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Consumer Discretionary |
7 |
| Industry |
Restaurants |
29 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
97.99 |
| High Date |
02/09/2024 |
| Low |
86.83 |
| Low Date |
04/05/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
98.36 |
| High Date |
01/31/2024 |
| Low |
86.83 |
| Low Date |
04/05/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Test Support |
| Resistance |
97.21 |
| Support |
87.38 |
| High |
107.66 |
| High Date |
11/16/2023 |
| Low |
86.83 |
| Low Date |
04/05/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
115.48 |
| High Date |
05/01/2023 |
| Low |
86.83 |
| Low Date |
04/05/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
126.32 |
| High Date |
07/23/2021 |
| Low |
68.39 |
| Low Date |
05/12/2022 |
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