Starbucks(SBUX)- Possible scenariosWith Starbucks having different analyst rating and fair values of up to $110. I am certain we can see either a rally or a big nose dive lets see what happens
SBUX trade ideas
double Bottom in formation (BUY)Hi traders! SBUX is creating a double bottom pattern on the daily timeframe. Next target is $85
Starbucks (SBUX) bullish scenario:The technical figure Triangle can be found in the US company Starbucks Corporation (SBUX) at daily chart. Starbucks Corporation is an American multinational chain of coffeehouses and roastery reserves headquartered in Seattle, Washington. It is the world's largest coffeehouse chain. As of November 2021, the company had 33,833 stores in 80 countries, 15,444 of which were located in the United States. Out of Starbucks' U.S.-based stores, over 8,900 are company-operated, while the remainder are licensed. The Triangle has broken through the resistance line on 21/05/2022, if the price holds above this level you can have a possible bullish price movement with a forecast for the next 4 days towards 79.10 USD. Your stop loss order according to experts should be placed at 70.36 USD if you decide to enter this position.
After 15 years in the country, Starbucks announced it was exiting Russia. Starbucks to close 130 stores in Russia, unionization push expands to over 260 U.S. stores. n addition, as a result of its exit from Russia, the fast food giant said it expected to record a charge of approximately $1.2 to 1.4 billion to write off its net investment in the market and recognize significant foreign currency translation losses.
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$SBUX - Not done falling could go to $60 areaPreviously I mentioned that I might be interested in taking a position around $73 but I didn't because it doesn't look like its done falling.
I believe it is going to $60 area before finding some sort of support.
What do you think?
Disclaimer: Not investment advice.
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines show support and resistance areas.
- Fib lines also show support and resistance areas.
- The dotted white lines show the price projection for breakout or breakdown target.
Disclaimer: Not investment advice.
$SBUX with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $SBUX after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 85.71%.
2X $SBUX 1WK ANALYSIS! (40% DISCOUNT)great stock for return on capital investment build on secondary account!
Short scalp $SBUXBased on its downtrend, regress off resistance and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent in profits IF $SBUX breaches yesterday's low of $77.13 during today's session.
SBUX Forecast After Meeting Earnings ExpectationsAfter touching our price target here:
Starbucks Corporation (SBUX) is in line with earnings expectations:
Revenue: $7.6 billion vs $7.62 billion expected
Adj. EPS: $0.59 vs $0.60 expected
U.S. same-store sales: 12.00% vs 8.90% expected
International same-store sales: -8.00% vs 1.87% expected
The China threat to SBUX is not over yet in my opinion, the U.S. and China stores represent 61% of the company’s global portfolio (2/3 stores in the U.S and 1/3 in China), and we could expect a retracement to the Covid lockdown area if we won`t see growth in the second half of the year.
Looking forward to read your opinion about it.
SBUX exposure to ChinaChina represents 45%-55% of Starbucks’ international sales and 10%-13% of aggregate sales!
The U.S. warning China it could face devastating sanctions if it defies the ban on doing business with Russia!
This is a move that could have huge impact on American companies.
My price target for SBUX is $72.
Looking forward to read your opinion about this.
Starbucks USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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Starbucks - Time for Defensive Stocks?Is it time to switch to defensive stocks like Starbucks when recession is looming and there is a sell off on the market?
Fundamental analysis - all the financial indicators are pretty consistent and positive, apart from one that may deter the investors - rise of liabilities against the assets and equities which is exceeding the norms.
Technical analysis - looking at the monthly timeframe it is clearly visible the development of fourth running correction which can be followed by the final fifth wave with a potential target of £120 to $150.
Risks - it is critical to wait for earnings report in May which will confirm the positive sentiment and hence the proposed scenario, or an alternative analysis would need to be made.
Therefore, Starbucks is still quite stable in its earnings and dividends, and the next quarterly report will be crucial for another short to mid term bull run.
Are you looking to buy these shares or have you got another view on the possible development?
Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves.
Thanks
NB - comparing the type of Running Correction that has been experienced in Starbucks it may be possible to see similar one in McDonalds which is only starting to develop
SBUX and many others pushing '22 lowsThese could go either way - long the bounce or short the breakdown of support.
Starbucks bottomchart says why. 2024 leaps loaded. everyone calling for a market crash is the main reason why we will not get one.
Bottom for StarbucksMACD, RSI, and Insilico levels all screaming bottom is in or near ON THE WEEKLY. 2024 leaps loaded at the lows yesterday.
SBUX - Trade setupSBUX getting hit hard right now.. I like this strong support break to the 100MA on the monthly chart. Will be a swing trade so if using options give yourself some time.
Starbucks, may the fall be at the end?0.38 fib retracement seems a good point to stop falling and at least "rest".
$SBUX Key Levels, Analysis, & Targets$SBUX Key Levels, Analysis, & Targets
So I do think that here I’m going to start with target 2 - but target 1 might catch it. I’m still aiming for 2.
Swing setup
1 at 79.11
1 at 71.06
2 at 60.85
4 at 50.02
(Then multiply by your multiplier (x5, x10, x100, x1000, etc to find your position size)
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I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
More Pain for SBUXSBUX heading lower, move below recent low at 78.90 should trigger a sharp move to the downside.
bulls need a coffee break after this dip xD Starbucks saw more downside after the RSI rejection as expected.
If we move above local/trend resistance I am targeting 94.57-99.07, below local support I will target 79.27
SBUX Major Sell Off Due To Sharebuyback is a Perfect Time To BuyShare buybacks help decrease float and push the price up. However, this is Starbucks we are talking about. The share price is too low; there is too much liquidity in the market for the price to dip like this more than 5%. I am long!
Starbucks - Cup With a HandleThe Cup With Handle chart pattern is bullish. I'm bullish on Starbucks.
Sometimes it's best to go with tried and true price patterns
This would make William O'Neil proud.
You can't make it up.....
