I’m still not bullish on this sugar bloated unhealthy SBUX yet… but let’s see. For now, I’m betting on this gap fill trade. Going to be a slow one. Probably may take a quarter. Target 1 - 81 Stop loss - 101 Let’s revisit this later whether to decide bullish or not.
Starbucks (NASDAQ:SBUX), the global coffee powerhouse, is navigating turbulent waters as its leadership changes hands amidst growing concerns about its mobile ordering system. The app, once hailed as a game-changer, is now being criticized as the company’s “Achilles heel,” posing significant challenges to both operations and customer satisfaction. With former...
Starbucks Corporation (NASDAQ: NASDAQ:SBUX ), a global leader in coffee retail, has made a significant leadership change by appointing Brian Niccol, former CEO of Chipotle Mexican Grill, as its new Chairman and CEO. This decision, announced on September 9, 2024, has already sparked considerable investor interest, with Starbucks shares surging 24% on the news....
Trading at 23.4% below our estimate of its fair value Earnings are forecast to grow 9.78% per year Earnings have grown 10.8% per year over the past 5 years Pays a reliable dividend of 3.04% Starbucks Corporation's recent earnings report might have raised some concerns, but there are several reasons to remain optimistic about SBUX stock. Despite a challenging...
If you haven`t bought SBUX before the previous rally: Now analyzing the options chain and the chart patterns of SBUX Starbucks Corporation prior to the earnings report this week, I would consider purchasing the 77usd strike price Calls with an expiration date of 2024-8-2, for a premium of approximately $1.97. If these options prove to be profitable prior to...
Following weekly chart. Got a long signal. TP1 83.42 TP2 86.10 SL - Close if weekly candle close under 80.13
SBUX Bullish Gartley on 3H Timeframe! Take profit and stop loss is set. Let's get it! 🤘🏻💵☕
Starbucks Corp., a global coffee shop giant, has embarked on a new delivery service through a partnership with Grubhub. This strategic move aims to broaden Starbucks' customer base, potentially boosting sales despite the high delivery costs. The timing of this collaboration is strategic, as Starbucks faces challenges in increasing store traffic and sales,...
Starbucks has recently completed its dark green wave in our Target Zone (between $86.38 and $68.39) and should now be wide awake and ready for renewed rises above $89.73. The price has already worked its way upward step by step. However, we consider it 37% likely that SBUX will breach the bottom of our Zone to head for another corrective low.
SBUX on a daily chart with two sets of VWAP bands anchored to dates back in one year ago and two years ago shows SBUX to be at the same price level as the low pivot of 2022. Price has bounced off the lower most of the VWAP bands and moved up in the past three trading days with higher than usual volume. I believe that short traders are buying to cover and...
SBUX of late has been in a descending channel and has sloped down heavily in April. It is now in deep undervalued and overbought territory at the bottom of the channel and above the 3rd lower VWAP band line. The RSI lines ( both faster and slower) are bearish as well. My trade plan is to watch Starbucks for a reversal which may be signaled by bullish...
Understanding My Investment and Trading Strategy I focus my charting on three key elements: 1. Price Action via Engulfing Patterns: I look for larger bullish or bearish candlesticks. 2. Price Gaps After Earnings Announcements or News Catalysts: These gaps can indicate significant price movements. 3. Volume Spikes: These confirm increased buying or selling...
CAKE on the 30 minute chart shows suggests as a short candidate including death crosses as well as a loss of strength on the RSI indicator. I will short CAKE and investigate put options for sufficient volume and level of implied volatility.
SBUX on the dialy chart may be another candidate to short while the general market remains challenging in the face of the loss of anticipated rate cuts and ongoing geopolitical risk. SBUX has been trending down for nearly six months and the earnings miss add emphaisis to the trend. At this juncture, there is nothing to suggest a turnaround. I am adding SBUX...
Starbucks recently moved lower into our Target Zone (between $86.38 and $68.39), where we anticipate the low for wave (B) in dark green. In the short term, the only thing missing here should be the completion of the subordinate wave (c) in magenta. So, we still grant the stock the space to head closer to the 100.00% Fibonacci. However, it is also 35% likely that...
In a significant stride towards environmental sustainability, Starbucks ( NASDAQ:SBUX ) has announced a groundbreaking partnership with Podback, a leading coffee pod recycling initiative in the UK. This innovative collaboration aims to revolutionize the way coffee lovers dispose of their used pods, making recycling effortless and accessible to all. With coffee...
Starbucks ( NASDAQ:SBUX ), the renowned coffee giant, is weathering the storm as its stock takes a steep tumble following a downward revision of its annual forecasts. With shares plunging nearly 14%, concerns loom large over the company's future trajectory. The primary culprits behind Starbucks' woes are twofold: a sluggish demand in the United States and a...
If you haven`t bought the dip on SBUX: Then analyzing the options chain and the chart patterns of SBUX Starbucks Corporation prior to the earnings report this week, I would consider purchasing the 90usd strike price Calls with an expiration date of 2024-6-21, for a premium of approximately $3.15. If these options prove to be profitable prior to the earnings...