Starbucks Corporation Stock Forecast
Starbucks Corporation stock price ended at 69.74€ on Thursday, after gaining 1.07%.
(Updated on May 09, 2024)
The Starbucks Corporation stock price gained 1.07% on the last trading day (Thursday, 9th May 2024), rising from 69.00€ to 69.74€. During the last trading day the stock fluctuated 2.71% from a day low at 67.96€ to a day high of 69.80€. The price has fallen in 6 of the last 10 days and is down by -15.21% for this period. Volume fell on the last day by -8 thousand shares and in total, 3 thousand shares were bought and sold for approximately 178.60€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 66.91€ is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -14.71% during the next 3 months and, with a 90% probability hold a price between 57.07€ and 69.50€ 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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SRB.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, May 07, 2024, and so far it has risen 3.50%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Starbucks Corporation 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 70.68€ and 79.91€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Starbucks Corporation stock
Starbucks Corporation finds support from accumulated volume at 69.34€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved 1.84€ between high and low, or 2.71%. For the last week the stock has had daily average volatility of 2.32%.
Starbucks Corporation 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 (SRB.F) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Starbucks Corporation to open at 69.17€, and during the day (based on 14 day Average True Range), to move between 67.87€ and 71.61€, which gives a possible trading interval of +/-1.87€ (+/-2.68%) up or down from last closing price. If Starbucks Corporation takes out the full calculated possible swing range there will be an estimated 5.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 69.34€ (0.57%) than the resistance at 80.13€ (14.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Starbucks Corporation stock A Buy?
Starbucks Corporation 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.
Current score: -4.068 Sell Candidate Unchanged
Predicted Opening Price for Starbucks Corporation of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| 69.17€ ( 0.82%) | 69.74€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SRB.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 71.01 | 1.82 % | |
| R2 | 70.30 | 0.81 % | ||
| R1 | 69.87 | 0.186 % | ||
| Current price: | 69.74 | |||
| Support | S1 | 68.46 | -1.83 % | |
| S2 | 68.03 | -2.45 % | ||
| S3 | 67.33 | -3.46 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 85.10 | 22.02 % | |
| R2 | 83.70 | 20.02 % | ||
| R1 | 80.13 | 14.90 % | ||
| Current price | 69.74 | |||
| Support | S1 | 69.34 | -0.574% | |
| S2 | 68.24 | -2.15% | ||
| S3 | 68.15 | -2.28% |
SRB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 09, 2023 | Nov 09, 2023 | Nov 09, 2023 | 0.570€ | 0% |
| 2 | Nov 08, 2023 | Nov 08, 2023 | Nov 08, 2023 | 0€ | 0% |
| 3 | Aug 10, 2023 | Aug 10, 2023 | Aug 10, 2023 | 0.530€ | 0% |
| 4 | May 11, 2023 | May 11, 2023 | May 11, 2023 | 0.530€ | 0% |
| 5 | Feb 09, 2023 | Feb 09, 2023 | Feb 09, 2023 | 0.530€ | 0% |
FAQ
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