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AI Analysis of SBUX
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Starbucks stock upgraded from Sell Candidate to Buy Candidate after Friday trading session.
(Updated on May 31, 2024)

Buy candidate since May 31, 2024 PDF

The Starbucks stock price gained 1.85% on the last trading day (Friday, 31st May 2024), rising from $78.76 to $80.22. During the last trading day the stock fluctuated 2.19% from a day low at $78.61 to a day high of $80.33. The price has risen in 6 of the last 10 days and is up by 6.56% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 12 million shares were bought and sold for approximately $984.09 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 $81.72 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 -18.94% during the next 3 months and, with a 90% probability hold a price between $54.53 and $66.24 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.

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SBUX Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, May 07, 2024, and so far it has risen 10.65%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Starbucks stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $80.41. On a fall, the stock will find some support from the short-term average at $78.75. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

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 has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.72 between high and low, or 2.19%. For the last week, the stock has had daily average volatility of 1.94%.

Our recommended stop-loss: $76.64 (-4.46%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 26 days ago.)

Trading Expectations (SBUX) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Starbucks Corporation to open at $79.72, and during the day (based on 14 day Average True Range), to move between $78.29 and $82.15, which gives a possible trading interval of +/-$1.93 (+/-2.40%) up or down from last closing price. If Starbucks Corporation takes out the full calculated possible swing range there will be an estimated 4.81% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $80.72 (0.62%) than the support at $74.93 (6.59%), 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?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 1.276 Buy Candidate Upgraded

Predicted Opening Price for Starbucks Corporation of Monday, June 3, 2024

Fair opening price June 3, 2024 Current price
$79.72 ( 0.623%) $80.22

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
Resistance R3 81.44 1.52 %
R2 80.78 0.702 %
R1 80.38 0.196 %
Current price: 80.22
Support S1 79.06 -1.44 %
S2 78.66 -1.95 %
S3 78.00 -2.77 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 91.66 14.26 %
R2 90.12 12.34 %
R1 80.72 0.623 %
Current price 80.22
Support S1 74.93 -6.59%
S2 74.44 -7.21%
S3 73.50 -8.38%

SBUX Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 16, 2024 May 16, 2024 May 31, 2024 $0.570 0.710%
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?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy 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 May 31, 2024, the price of an Starbucks (SBUX) share was $80.22.

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 May 31, 2024, the market capitalization of Starbucks is 89.211B.

When is the next earnings date for Starbucks?
The upcoming earnings date for Starbucks is Aug 06, 2024.
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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

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