SBUX sitting on a key support going into Earnings ReportSBUX is sitting on a key support going into Earnings. Confluence of two high timeframe fibs that are proven. What happens at this zone could start a trending wave. ========================================= by EuroMotif3
Starbucks to 98 Plus After Earnings !!Financial Performance: In 2023, Starbucks’s revenue was $35.98 billion, an increase of 11.55% compared to the previous year’s $32.25 billion. Earnings were $4.12 billion, an increase of 25.69%2. Analyst Forecast: According to 21 analysts, the average rating for SBUX stock is “Buy.” The 12-month stock price forecast is $114.35, which is an increase of 23.22% from the latest price2. Dividend Yield: Starbucks has a dividend yield of 2.4569%1, which could be attractive to income-focused investors. Growth Estimates: The growth estimate for the next 5 years (per annum) is 16.63%3 TP 98 Longby NYRUNSGLOBAL1
$SBUX earnings play ( BULLISH )Starbucks ( NASDAQ:SBUX ) has printed a bullish divergence on the 1D timeframe. This occurs when the price action lows create lower lows, while the RSI lows simultaneously create higher lows. What this shows is that strength is increasing as price drops. Usually indicative of a sharp impending rally and most reliable at the bottom of a move. NASDAQ:SBUX has been in a free fall, dropping from a high of $107 on 11/16/23 to a low of $91 on 1/17/24 This 14.7% drop over the course of the last 2 months makes seeing this signal all the more intriguing. Entered 3/15 NASDAQ:SBUX 95c at 2.84 Looking for a retest of 12/15/23’s highs around $99, leaving us with intrinsic value of $400 and a minimum 40% return Earnings on 1/30 Not financial adviceLongby NickRinella112
SbuxSbux at support level $91-89. Waiting for the reversal to the upside or to continue the downtrend to $70Longby AlexOrozco10223
SBUX is go downSBUX is go down. because it's stock follow to Dow and Therry platten. Please becareful because Thailand DRX will comming up.by vtaweenu1
SBUX - Are there more roam to the downside?The weekly chart might lookalike a head & shoulder formation although the business fundamentals will need take a massive dip for the downside to materialize at this scale. I am personally Extremely bullish below 85. PS- NFA. Do your own due diligence. by unstoppabulltrading111
SBUX Q1 2024, 3D chartStarbux has been underperforming over the last few months. After topping in March of last year, it has been dragging along it's short-term averages. Currently revisiting its Q3-Q4 2022 break out area that it successfully retested in Sept '23. If thiat 89-92 zone doesn't hold, I could see this revisiting the long-term trend line in the low 80's. Should be interesting. Shortby cmerged110
Why Starbucks is a great investment opportunityStarbucks, the renowned coffeehouse chain, has become a household name for many people across the globe. With over 30,000 stores in more than 80 countries, Starbucks has established itself as one of the leading players in the restaurant industry. Its strong financial performance and impressive growth potential have made it a hot pick for investors looking to invest in this sector. In this section, I will analyse Starbucks’ weekly timeframe by wearing the supply and demand imbalances glasses. As supply and demand traders, we do not need to understand the company’s forecasts and financial performance to analyze its growth potential. We only need to know where the imbalances in price are on a price chart. The stock is currently trading at $96 per share. It’s very close to a strong demand imbalance sitting at $94.19. We expect the stock to rally to $104 and much higher.Longby AlfonsoMoreno5
Starbucks: Possible scenario The daily and weekly chart reveals an impulsive 5 waves movement, started in May 2022 and concluded exactly a year later, again in May. This annual cycle shows the first wave of a higher degree. The ongoing corrective movement in 3 waves (zig-zag ABC) might find its conclusion in the 0.61/0.78 Fibonacci area. This would mark the end of the second wave within our major cycle, paving the way for a new bullish rally with the onset of the third wave.by Lucasaurus2
Starbucks is in buy area after completing big triangle ,it's ready to jump above $120 Longby NEOVOLUME4
Bearish triangle patternLooking for a downward breakout from triangle to retest support. I'm already short this.. not trading or Financial adviceShortby moneyflow_trader440
Will it pierce through the $90 mark for SBUX?We can see from the chart that around 90 dollars is a major resistance level where the price action fails to go below substantially (hovering at 84 dollars) but fail to break above the 92 dollars........ With inflation soaring higher in food, transportation, gas, etc , are people still drinking their coffee at Starbucks as frequently as before ? Or will they cut down? Some argued that drinking coffee is addictive and once the customer base is there, they will not go away.........Others said that competitors are fighting for the share of coffee market with the 3-in-1 instant coffee which is much, much cheaper compared to a cup of latte in Starbucks. But, city dwellers - will they have the time and luxury or they prefer the convenience of their latte from Starbucks ? What do you think ? Longby dchua1969Updated 114
SBUX BULLISHAfter earnings selloff thinking of buying Sbux further technical bullishby AynurNurUpdated 5
Starbucks swinging upStrong current numbers brought the share price on november 2nd a good pump of about 15%, where the value bounced off an initial resistance. This trend line was tested repeatedly until the end of the last trading week. As a result, it is possible that in a good environment this trend will be broken next week and the next resistance will be tested at around $105.49. However, I assume that there will initially be a small pullback maybe towards the 200SMA (maybe less), as the markets did very well last week. After this test, I speculate on a retest of the $105.49 level. If successful, the next resistance area would be around $109 - $110 in my opinion.by GidiTrader3
SBUX testing significant resistanceStarbucks Corp. (SBUX) presently testing significant resistance, able to absorb weekly buying pressures. From here, (SBUX) can drop to channel support, eliciting losses of 15% - 20% over the following 2 - 3 months. Inversely, a weekly settlement above resistance would place (SBUX) into a buy signal where gains of 20% would be expected over the following 2 - 5 months.by SpecialeAnalysis0
Starbucks reported its 2023 results. What next?Starbucks Corp. delivered a solid financial 2023 report. Revenue for Q4 of the 2023 fiscal year reached 9.4 billion USD, with a relative increase of 11%. Net profit per share for the same period increased by 39% to 1.06 USD. The company's management plans to maintain sales growth rates above 10% and net profit above 15%. Therefore, today, we focus on the Starbucks Corp. (NASDAQ: SBUX) stock chart. On the D1 timeframe, support has formed at 90.55, with resistance at 93.71, which was breached on Thursday, 2 November. Also, yesterday, a "descending wedge" pattern was breached, indicating a possible change in the trend to an upward one. On the H1 timeframe, if there is a rebound from the 103.57 level, a new upward trend may begin, with a short-term target set at 107.38. In the medium term, the target for a price increase could hover around 110.84. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.by RoboMarkets5
SBUX - Measured move on earningsExcellent gap up on earnings for $NASDAQ:SBUX. The move reclaims the 200SMA and price action has filled the expected range when taking a measure from prior swing low through the gap. Now lets see what kind of momentum can follow through.by Ben_1148x21
Counting downtrend cycle complete at starbuckStarbucks has come to strong support for buying ...In my view, the market will start an uptrend back...This is not buy call,just sharing idea Longby FaridHamidUpdated 12124
'' Starbucks Is Going To Have Its Q4 Earnings Report Soon.''Hi its lubosi stocks. and am here to talk to you about Starbucks. NASDAQ:SBUX Starbucks is in a bear market. Look at the chart above. Starbucks is going to have its Q4 Earnings report soon. Honestly, I don't know why it's in a bear market. But this stock flashed on the proprietary trading system am using. Will you sell it? Disclaimer:Do not buy or sell anything i recommend do your own research before you trade. Rocket boost this content to learn more.Shortby lubosi3
Starbucks Could Be StrugglingStarbucks has drifted lower since May, and now traders may see further downside risk. The first patterns on today's chart are the candlesticks on October 19 and October 25. SBUX tried to get above $95 but failed to close there in two separate weeks. Such price action could reflect selling pressure. Next, the coffee chain stalled at a low from July 7. Has old support become new resistance? There’s also potential confluence with the 50-day simple moving average (SMA). Speaking of the 50-day SMA, it had a “death cross” under the 200-day SMA in July. That could indicate a bearish trend over the longer term. This chart includes our 2 MA Ratio custom script in the middle study. It shows that the 8-day exponential moving average (EMA) crossed below the 21-day EMA on Friday. That could suggest the short-term trend is turning bearish as well. The most recent sessions also featured a potential bearish flag breakdown. Finally, stochastics are dipping from an overbought condition. Traders could focus on these signals with earnings due on Thursday, November 2. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .by TradeStation1113
SBUX - D1\W1SBUX W1 - The 4th wave is forming, which can lead to a continuation of the downward movement, but it is also clear that the price, after fixing the level, has formed a reversal pattern on D1, which can lead to a strong correction. D1 - Formation of a three-wave structure, you can try to consider buying from the level of 94.00. Locally to levels 101.76. If the price can gain a foothold at the level of 94.95, we can expect the movement to continue. What can you expect? You can consider entering from the level of 94.00 (you can consider breaking through the level or fixing the price behind this level) with further movement to the target 101.76. Cancel the idea so as not to take increased risk from the level of 90.74 . There may also be a false breakout of this level and continuation of the upward movement - in this case, it will be necessary to wait for a clear formation to continue the downward movement. Targets 94.95 - 96.99 - 98.83 - 101.76Longby Trade_Hive_Signals7
Expansion Efforts Aid Starbucks (SBUX)Starbucks Corporation SBUX is capitalizing on its expansion initiatives and strong North America comparable sales. Nevertheless, disappointing Channel Development sales and rising inflationary costs are challenges. Over the past year, the stock has risen by 6.1% compared with the industry's 8% growth. The Zacks Rank #3 (Hold) company’s earnings and sales in fiscal 2023 are likely to witness jumps of 16.9% and 11.1% year over year, respectively. SBUX also has an impressive long-term earnings growth rate of 16.5%.Longby DEXWireNews2
STARBUCKS It isn't time for coffee yet..The Starbucks Corporation (SBUX) has been declining aggressively since early May 2023 as fundamentals failed to keep the mid-2022 rally going. Now there are heavy technicals for the stock to consider as last month (chart on the right) it closed the 1M candle below the 1M MA50 (blue trend-line) for the first time in 11 months. On the weekly (chart on the left), it is already below both the 1W MA200 (orange trend-line) and 1W MA50 (blue trend-line). The long term pattern since the March 2020 COVID crash is a Triangle and the current Support is its Higher Lows trend-line. The 1W RSI also has a Higher Lows trend-line to consider, so we will wait for a test and clear rebound on the former. On the 1M time-frame, it's the 1M MA100 (green trend-line) that was touched during the previous two Higher Lows and provided a strong rebound and bullish reversal as it rose and left a big candle wick behind, emphatically indicating the presence of long-term investors. Similarly the 1M RSI has a Support Zone to consider. We think it is possible for both the 1W and 1M RSI to touch its respective Support levels sideways as the price's drop decelerates near the Higher Lows. In conclusion our Buy Zone is within the Higher Lows trend-line and the 1M MA100. The target will be the Lower Highs trend-line at $105.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Shortby TradingShot1112