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STARBUCKS TEXTBOOK FLAG FORMING BIG BULL MOVE COMINGMy plan is to enter around 53.00 with a relative tight stop below the 51.00 low. So the risk is really manageable, but the potential on this stock is very tasty, there is a potential for a 20% rise. Before entering i will be looking at smaller timeframes to ensure that bulls are coming in, and stabilzing the price. Fundamentally i have read several positive reports and bank analysis of starbucks with several banks expecting the stock to outperform toward the 64.00 level. So i think its worth to have it in the portfolio. Thanks for reading, please make your own analysis, this is just my view and it might as well fall and take out the stop. Please use proper risk management. Blessings to you all.
NASDAQ:SBUXLong
by IamJeanPaul
2
Starbucks Corporation (SBUX) – coffee giant low on energy?We are currently in a long sideways phase that has been exited only briefly in a little over a year. Within the price range of approx. $53.00 – $63.00, the value is oscillating in sometimes larger, sometimes smaller movements. Since the beginning of December, a clearer downward trend has now formed. The value of the stock is showing rising volume in the downward movements, and an unattractive chart development as well as falling volume in the corrections. The significance of the downward trend is also strengthened in comparison with the large indexes (SP500/Dow30/NASDAQ100). Since the election of Mr. Trump, these have been able to record new highs, while the Starbucks stock is having to fight back against a rally. Since there is still plenty of elbow room down to the lower edge of the sideways range, a trade in the direction of the downward trend seems to be the most lucrative. If a scenario such as the one in image 2 occurs, the subordinate trend could be used for an entry. The first target would be in the region around $54.00. A further target is also the area around $53.00. This is where the lower edge of the sideways range is located, which is why here at the latest, it would be advisable to take any profit. If the trend does not continue and if the last highs at $59.00 are sustainably broken, the short scenario would have to be put aside. In this case, a renewed observation of the stock would be advisable.
NASDAQ:SBUXShort
by ATT_Trading
$52.50-(A key support level for Starbucks).As I noted in the above chart, closing below the 100 WMA again is a troubling sign for the bulls. I am watching the 52.50 level. If that level goes, the 200 WMA is up next at ~47.50. The last time Starbucks fell below the 200 WMA was in 2007. It fell another 70% bottoming out around $4. Granted, that period was an extreme event and the company is more mature and in a better position today. I am in now implying it will fall 70% Just pointing out long it has been since the last move under the 200 WMA. Now, a look toward some data. Same store sales is slowing. See image below. assets.bwbx.io Jennifer Bartashus, an analyst at Bloomberg Intelligence notes- “Starbucks is really starting to hit the saturation point in the U.S.,” she said. “The question with that is how are they going to continue to grow same-store sales.” To achieve growth, it will mean growing same store sales at a better rate and pushing into new markets. Per Bloomberg again- "Starbucks has been trying to improve its food in the U.S. to lure more customers, especially beyond morning hours. This year, the company is adding fancier items to its menu, including Sous Vide Egg Bites and a gluten-free breakfast sandwich. To attract the on-the-go crowd, Starbucks also is expanding its snack-based meals called Bistro Boxes." In other words, they are expanding to other categories besides coffee(line extension). They are hoping to gain a bigger share of the customer's wallet while they are in the store. Will it work or could those resources better be used elsewhere? The jury is still out. I have no position in this stock but will be watching the levels noted on the chart closely. Let me know what you think. Agree/disagree? Would love to hear your thoughts. 2nd try, first chart was off:)
NASDAQ:SBUX
by CalebDismuke
$52.50-(A key level of support for Starbucks).As I noted in the above chart, closing below the 100 WMA again is a troubling sign for the bulls. I am watching the 52.50 level. If that level goes, the 200 WMA is up next at ~47.50. The last time Starbucks fell below the 200 WMA was in 2007. It fell another 70% bottoming out around $4. Granted, that period was an extreme event and the company is more mature and in a better position today. I am in now implying it will fall 70% Just pointing out long it has been since the last move under the 200 WMA. Now, a look toward some data. Same store sales is slowing. See image below. assets.bwbx.io Jennifer Bartashus, an analyst at Bloomberg Intelligence notes- “Starbucks is really starting to hit the saturation point in the U.S.,” she said. “The question with that is how are they going to continue to grow same-store sales.” To achieve growth, it will mean growing same store sales at a better rate and pushing into new markets. Per Bloomberg again- "Starbucks has been trying to improve its food in the U.S. to lure more customers, especially beyond morning hours. This year, the company is adding fancier items to its menu, including Sous Vide Egg Bites and a gluten-free breakfast sandwich. To attract the on-the-go crowd, Starbucks also is expanding its snack-based meals called Bistro Boxes." In other words, they are expanding to other categories besides coffee(line extension). They are hoping to gain a bigger share of the customer's wallet while they are in the store. Will it work or could those resources better be used elsewhere? The jury is still out. I have no position in this stock but will be watching the levels noted on the chart closely. Let me know what you think. Agree/disagree? Would love to hear your thoughts.
NASDAQ:SBUX
by CalebDismuke