14-day Premium Trial Subscription Try For FreeTry Free
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SBUX
Powered by GPT-4o
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Weaker technical forecast for Starbucks as stock downgraded to Sell Candidate.
(Updated on Jun 20, 2024)

Sell candidate since Jun 20, 2024 PDF

The Starbucks stock price fell by -0.599% on the last day (Thursday, 20th Jun 2024) from $80.20 to $79.72. During the last trading day the stock fluctuated 1.39% from a day low at $79.68 to a day high of $80.78. The price has fallen in 6 of the last 10 days and is down by -1.77% for this period. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 10 million shares were bought and sold for approximately $806.48 million.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $80.48 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -13.93% during the next 3 months and, with a 90% probability hold a price between $56.97 and $69.26 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

SBUX Signals & Forecast

The Starbucks stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $80.06. On a fall, the stock will find some support from the long-term average at approximately $78.04. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 04, 2024, and so far it has fallen -3.71%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Starbucks stock

On the downside, the stock finds support just below today's level from accumulated volume at $74.93 and $74.44. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Starbucks finds support just below today's level at $74.93. If this is broken, then the next support from accumulated volume will be at $74.44 and $73.50.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.11 (1.39%) between high and low. For the last week, the stock has had daily average volatility of 2.19%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SBUX) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Starbucks Corporation to open at $80.06, and during the day (based on 14 day Average True Range), to move between $77.93 and $81.51, which gives a possible trading interval of +/-$1.79 (+/-2.24%) up or down from last closing price. If Starbucks Corporation takes out the full calculated possible swing range there will be an estimated 4.48% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $80.22 (0.63%) than the support at $74.93 (6.01%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Starbucks Corporation stock A Buy?

Starbucks holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.112 Sell Candidate Downgraded

Predicted Opening Price for Starbucks Corporation of Friday, June 21, 2024

Fair opening price June 21, 2024 Current price
$80.06 ( 0.424%) $79.72

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SBUX

Fibonacci Support & Resistance Levels

Level Price
R3 81.16 1.81%
R2 80.74 1.28%
R1 80.48 0.95%
Price 79.72
S1 79.64 -0.105%
S2 79.38 -0.432%
S3 78.95 -0.96%

Accumulated Volume Support & Resistance Levels

Level Price
R3 80.72 1.25%
R2 80.24 0.652%
R1 80.22 0.627%
Price 79.72
S1 74.93 -6.01%
S2 74.44 -6.62%
S3 73.50 -7.80%

SBUX Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 16, 2024 May 16, 2024 May 31, 2024 $0.570 0.711%
2 Dec 01, 2023 Feb 09, 2024 Feb 23, 2024 $0.570 0.596%
3 Dec 01, 2023 Feb 08, 2024 Feb 23, 2024 $0.570 0.596%
4 Sep 20, 2023 Nov 09, 2023 Nov 24, 2023 $0.570 0.555%
5 Sep 20, 2023 Nov 08, 2023 Nov 24, 2023 $0.570 0.555%

FAQ

What is the symbol for Starbucks Stock and on which exchange is it traded?
The symbol for Starbucks is SBUX and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Starbucks Stock?
Starbucks holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Starbucks Stock?
Starbucks Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Starbucks Stock.

What's the current price of Starbucks Stock?
As of the end of day on the Jun 20, 2024, the price of an Starbucks (SBUX) share was $79.72.

What is the 52-week high and low for Starbucks Stock?
The 52-week high for Starbucks Stock is $107.66 and the 52-week low is $71.80.

What is the market capitalization of Starbucks Stock?
As of the Jun 20, 2024, the market capitalization of Starbucks is 90.299B.

When is the next earnings date for Starbucks?
The upcoming earnings date for Starbucks is Aug 06, 2024.
Click to get the best stock tips daily for free!

About Starbucks Corporation

Starbucks Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items... SBUX Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT