Starbucks Corp.: Technical Analysis

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Starbucks Corp.: Technical Analysis
Scenario
Time frameWeekly
RecommendationBUY STOP
Entry point103.80
Take Profit110.50
Stop Loss101.00
The most important levels77.00, 90.90, 97.00, 100.00, 101.00, 102.00, 103.00, 107.00, 110.50
Alternative scenario
RecommendationSELL-STOP
Entry point100.00
Take Profit91.00
Stop Loss102.00
The most important levels77.00, 90.90, 97.00, 100.00, 101.00, 102.00, 103.00, 107.00, 110.50

Shares of Starbucks Corp., one of the largest coffee shop chains of the same name, are trading at 102.00.

On the daily chart, the price is correcting, and after forming a price gap of 90.90-77.00, the formation of a long-term sideways range continues.

On the 4-hour chart, quotes are moving in the 107.00-97.00 channel: despite maintaining the upside potential, the asset has not yet broken through the key marker for further growth — the previous maximum at 103.00.

Technical indicators strengthen the buy signal: fast EMA on the Alligator indicator remains above the signal line, extending the fluctuating range, and the AO histogram forms corrective bars in the positive zone.

Starbucks Corp.: Technical Analysis

Trading scenarios

Long positions can be opened after the price rises and stops above 103.80 with a target of 110.50. Stop-loss — 101.00. Execution time: 7 days and more.

Short positions can be opened after the price falls and stops below the level of 100.00 with a target of 91.00. Stop-loss — 102.00.


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