STARBUCKS CORP. - 1H - Technical analysis published on 06/11/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 76.77 USD
My targets
72.87 USD (-2.04%)
71.89 USD (-3.36%)
My analysis
The bearish trend is currently very strong for STARBUCKS CORP.. As long as the price remains below the resistance at 76.77 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 72.87 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 71.89 USD as an objective. Crossing it would then enable sellers to target 70.65 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
6.4
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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. price is 74.39 USD. The price registered a decrease of -5.85% on the session and was traded between 74.13 USD and 76.79 USD over the period. The price is currently at +0.35% from its lowest and -3.13% from its highest.74.13
76.79
74.39
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this STARBUCKS CORP. chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 20
Type : Neutral
Timeframe : 1 hour
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 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 70.65 | 71.89 | 72.87 | 74.39 | 76.77 | 78.63 | 80.08 |
| Change (%) | -5.03% | -3.36% | -2.04% | - | +3.20% | +5.70% | +7.65% |
| Change | -3.74 | -2.50 | -1.52 | - | +2.38 | +4.24 | +5.69 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Major | Intermediate |
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 | 76.31 | 77.25 | 78.13 | 79.08 | 79.96 | 80.90 | 81.78 |
| Camarilla | 78.51 | 78.68 | 78.84 | 79.01 | 79.18 | 79.35 | 79.51 |
| Woodie | 76.27 | 77.24 | 78.10 | 79.06 | 79.92 | 80.89 | 81.75 |
| Fibonacci | 77.25 | 77.95 | 78.38 | 79.08 | 79.78 | 80.21 | 80.90 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 72.94 | 74.85 | 78.50 | 80.41 | 84.06 | 85.97 | 89.62 |
| Camarilla | 80.61 | 81.12 | 81.63 | 82.14 | 82.65 | 83.16 | 83.67 |
| Woodie | 73.80 | 75.29 | 79.36 | 80.85 | 84.92 | 86.41 | 90.48 |
| Fibonacci | 74.85 | 76.98 | 78.29 | 80.41 | 82.54 | 83.85 | 85.97 |
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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 19.45 | |
| MACD (12,26,9): | -1.5600 | |
| Directional Movement: | -37.16 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 77.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 78.40 | |
| Elder Ray (13): | -3.43 | |
| Super Trend (3,10): | 77.75 | |
| Zig ZAG (10): | 74.39 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 3.82 | |
| TEMA (21): | 75.43 | |
| Williams %R (14): | -97.13 | |
| Chande Momentum Oscillator (20): | -8.56 | |
| Repulse (5,40,3): | -1.9100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1300 | |
| Courbe Coppock: | 15.32 |
| MA7: | 79.94 | |
| MA20: | 78.13 | |
| MA50: | 75.18 | |
| MA100: | 76.90 | |
| MAexp7: | 76.29 | |
| MAexp20: | 78.72 | |
| MAexp50: | 79.53 | |
| MAexp100: | 78.96 | |
| Price / MA7: | -6.94% | |
| Price / MA20: | -4.79% | |
| Price / MA50: | -1.05% | |
| Price / MA100: | -3.26% | |
| Price / MAexp7: | -2.49% | |
| Price / MAexp20: | -5.50% | |
| Price / MAexp50: | -6.46% | |
| Price / MAexp100: | -5.79% |
Quotes :
2020-06-11 16:36:28
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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 Plans To Close Up To 400 Stores
- Starbucks to Participate at the Evercore ISI Virtual Consumer & Retail Summit
- 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?
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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