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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
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Starbucks stock downgraded to Strong Sell Candidate
(Updated on May 03, 2024)

Sell candidate since May 03, 2024 PDF

The Starbucks stock price fell by -2.43% on the last day (Friday, 3rd May 2024) from $74.93 to $73.11. During the last trading day the stock fluctuated 3.46% from a day low at $72.99 to a day high of $75.51. The price has risen in 6 of the last 10 days but is still down by -16.55% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 million shares and in total, 22 million shares were bought and sold for approximately $1.61 billion.

The stock has broken the falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($81.71) are considered to be a "second chance" to get out. According to the fan-theory $76.17 will represent the new bottom line of the next trend, but it is far too early to say this for certain.

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SBUX Signals & Forecast

There are few to no technical positive signals at the moment. The Starbucks stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $82.20 and $87.38. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -17.62%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Starbucks stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $2.53 between high and low, or 3.46%. For the last week, the stock has had daily average volatility of 2.95%.

Starbucks is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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 Monday 6th

For the upcoming trading day on Monday, 6th we expect Starbucks Corporation to open at $73.87, and during the day (based on 14 day Average True Range), to move between $70.66 and $75.56, which gives a possible trading interval of +/-$2.45 (+/-3.35%) up or down from last closing price. If Starbucks Corporation takes out the full calculated possible swing range there will be an estimated 6.69% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $74.44, some $1.33 (1.82%) from the current price of $73.11, our system finds the risk reward not very attractive.

Is Starbucks Corporation stock A Buy?

Starbucks holds several negative signals and is within a 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 Strong Sell candidate.

Current score: -6.832 Strong Sell Candidate Downgraded

Predicted Opening Price for Starbucks Corporation of Monday, May 6, 2024

Fair opening price May 6, 2024 Current price
$73.87 ( 1.04%) $73.11

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 76.39 4.49 %
R2 75.43 3.17 %
R1 74.83 2.36 %
Current price: 73.11
Support S1 72.90 -0.282 %
S2 72.31 -1.10 %
S3 71.34 -2.42 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 90.12 23.27 %
R2 74.93 2.49 %
R1 74.44 1.82 %
Current price 73.11
Support S1 0 .
S2 0 .
S3 0 .

SBUX Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 16, 2024 May 16, 2024 May 31, 2024 $0.570 0.780%
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 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 Strong 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 May 03, 2024, the price of an Starbucks (SBUX) share was $73.11.

What is the 52-week high and low for Starbucks Stock?
The 52-week high for Starbucks Stock is $108.12 and the 52-week low is $72.67.

What is the market capitalization of Starbucks Stock?
As of the May 03, 2024, the market capitalization of Starbucks is 84.836B.

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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