STARBUCKS CORP. - 1H - Technical analysis published on 06/02/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 78.60 USD
My targets
75.28 USD (-2.39%)
72.87 USD (-5.51%)
My analysis
The strong short-term decline of STARBUCKS CORP. reinforces the current slightly bearish trend. As long as the price remains below 78.60 USD, you could take advantage of this bearish acceleration. The first bearish objective is located at 75.28 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 72.87 USD as an objective. Crossing it would then enable sellers to target 71.89 USD. A return to above 78.60 USD would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
4.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The STARBUCKS CORP. rating is 77.12 USD. The price registered a decrease of -1.53% on the session and was between 76.79 USD and 78.25 USD. This implies that the price is at +0.43% from its lowest and at -1.44% from its highest.76.79
78.25
77.12
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of STARBUCKS CORP. in 1H shows an overall slightly bearish trend. 60.71% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 71.89 | 72.87 | 75.28 | 77.12 | 77.37 | 78.60 | 79.60 |
| Change (%) | -6.78% | -5.51% | -2.39% | - | +0.32% | +1.92% | +3.22% |
| Change | -5.23 | -4.25 | -1.84 | - | +0.25 | +1.48 | +2.48 |
| Level | Major | Minor | Major | - | Intermediate | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 75.30 | 76.03 | 77.18 | 77.91 | 79.06 | 79.79 | 80.94 |
| Camarilla | 77.80 | 77.98 | 78.15 | 78.32 | 78.49 | 78.67 | 78.84 |
| Woodie | 75.50 | 76.14 | 77.38 | 78.02 | 79.26 | 79.90 | 81.14 |
| Fibonacci | 76.03 | 76.75 | 77.20 | 77.91 | 78.63 | 79.08 | 79.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 74.01 | 75.64 | 76.81 | 78.44 | 79.61 | 81.24 | 82.41 |
| Camarilla | 77.22 | 77.48 | 77.73 | 77.99 | 78.25 | 78.50 | 78.76 |
| Woodie | 73.79 | 75.53 | 76.59 | 78.33 | 79.39 | 81.13 | 82.19 |
| Fibonacci | 75.64 | 76.71 | 77.37 | 78.44 | 79.51 | 80.17 | 81.24 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 63.00 | 66.82 | 72.41 | 76.23 | 81.82 | 85.64 | 91.23 |
| Camarilla | 75.40 | 76.27 | 77.13 | 77.99 | 78.85 | 79.72 | 80.58 |
| Woodie | 63.88 | 67.26 | 73.29 | 76.67 | 82.70 | 86.08 | 92.11 |
| Fibonacci | 66.82 | 70.42 | 72.64 | 76.23 | 79.83 | 82.05 | 85.64 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 39.50 | |
| MACD (12,26,9): | -0.1700 | |
| Directional Movement: | -13.65 | |
| AROON (14): | 28.58 | |
| DEMA (21): | 77.83 | |
| Parabolic SAR (0,02-0,02-0,2): | 78.44 | |
| Elder Ray (13): | -0.90 | |
| Super Trend (3,10): | 79.05 | |
| Zig ZAG (10): | 77.05 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 24.47 | |
| TEMA (21): | 77.53 | |
| Williams %R (14): | -83.18 | |
| Chande Momentum Oscillator (20): | -0.46 | |
| Repulse (5,40,3): | -0.6000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 1.44 |
| MA7: | 77.98 | |
| MA20: | 76.28 | |
| MA50: | 73.12 | |
| MA100: | 77.70 | |
| MAexp7: | 77.63 | |
| MAexp20: | 77.98 | |
| MAexp50: | 77.83 | |
| MAexp100: | 77.18 | |
| Price / MA7: | -1.10% | |
| Price / MA20: | +1.10% | |
| Price / MA50: | +5.47% | |
| Price / MA100: | -0.75% | |
| Price / MAexp7: | -0.67% | |
| Price / MAexp20: | -1.12% | |
| Price / MAexp50: | -0.93% | |
| Price / MAexp100: | -0.09% |
Quotes :
2020-06-02 15:44:17
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on STARBUCKS CORP. at the time of the analysis were as follows:
- Starbucks to Participate at the Stifel 2020 Virtual Cross Sector Insight Conference
-
Coffee capitalism l Huge queue for Starbucks
-
After a global pandemic, why is Starbucks reopening in China?
- Starbucks Reports Q2 Fiscal 2020 Results
-
Starbucks Brings Plant-Based Options To China Menu
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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