Starbucks Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Starbucks stock downgraded to Strong Sell Candidate
(Updated on May 03, 2024)
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
# | 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
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