Starbucks: Caffeine boost for price actionStarbucks
Shortterm - We look to Buy at 76.22 (stop at 71.07)
The trend of higher lows is located at 70.80. This is positive for sentiment and the uptrend has potential to return. Early pessimism is likely to lead to losses although extended attempts lower are expected to fail. We look to buy dips.
Although the anticipated move is corrective, it does offer a good risk reward ratio for the short term.
Our profit targets will be 91.83 and 95.00
Resistance: 92.00 / 110.00 / 126.50
Support: 71.00 / 60.00 / 41.00
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Starbucks
StarBucks (NASDAQ: $SBUX) Hiring External Candidate For CEO ☕Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items. The company also licenses its trademarks through licensed stores, and grocery and foodservice accounts. The company offers its products under the Starbucks, Teavana, Seattle's Best Coffee, Evolution Fresh, Ethos, Starbucks Reserve, and Princi brands. As of October 3, 2021, it operated 16,826 company-operated and licensed stores in North America; and 17,007 company-operated and licensed stores internationally. The company was founded in 1971 and is based in Seattle, Washington.
June swoon about to hit Starbucks stock?Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on June 1, 2022 with a closing price of 76.28.
If this instance is successful, that means the stock should decline to at least 75.47 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 2.684% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 5.604% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 13.653% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 35 trading bars after the signal. A 1% decline must occur over the next 35 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 6 trading bars; half occur within 14 trading bars, and one-quarter require at least 25 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
SBUX Forecast After Meeting Earnings ExpectationsAfter touching our price target here:
Starbucks Corporation (SBUX) is in line with earnings expectations:
Revenue: $7.6 billion vs $7.62 billion expected
Adj. EPS: $0.59 vs $0.60 expected
U.S. same-store sales: 12.00% vs 8.90% expected
International same-store sales: -8.00% vs 1.87% expected
The China threat to SBUX is not over yet in my opinion, the U.S. and China stores represent 61% of the company’s global portfolio (2/3 stores in the U.S and 1/3 in China), and we could expect a retracement to the Covid lockdown area if we won`t see growth in the second half of the year.
Looking forward to read your opinion about it.
SBUX exposure to ChinaChina represents 45%-55% of Starbucks’ international sales and 10%-13% of aggregate sales!
The U.S. warning China it could face devastating sanctions if it defies the ban on doing business with Russia!
This is a move that could have huge impact on American companies.
My price target for SBUX is $72.
Looking forward to read your opinion about this.
Starbucks - Time for Defensive Stocks?Is it time to switch to defensive stocks like Starbucks when recession is looming and there is a sell off on the market?
Fundamental analysis - all the financial indicators are pretty consistent and positive, apart from one that may deter the investors - rise of liabilities against the assets and equities which is exceeding the norms.
Technical analysis - looking at the monthly timeframe it is clearly visible the development of fourth running correction which can be followed by the final fifth wave with a potential target of £120 to $150.
Risks - it is critical to wait for earnings report in May which will confirm the positive sentiment and hence the proposed scenario, or an alternative analysis would need to be made.
Therefore, Starbucks is still quite stable in its earnings and dividends, and the next quarterly report will be crucial for another short to mid term bull run.
Are you looking to buy these shares or have you got another view on the possible development?
Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves.
Thanks
NB - comparing the type of Running Correction that has been experienced in Starbucks it may be possible to see similar one in McDonalds which is only starting to develop
$SBUX finding support after pre/post earnings selloff?$SBUX seems to have found a support in this range after a month long sell off leading to earnings and a nice dip after weak report
Holding multiple days support on 1D with a bullish hammer going in to the week of 2/5/22
RSI 28.87 oversold on 1D
MACD tight is tight - looking for continuation or cross to downside
Confirmed break of $98.8 could easily see a move to $102-105 range
Will be on watch to hold support and have continuation to the upside
Wait for confirmations as downside is always possible with current market
Looks like this one might be fun to trade for a bit!
Enjoy and, as always, manage your risk!
Starbucks (NASDAQ: $SBUX) Is A Hot Bounce Opportunity! ☕Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items. The company also licenses its trademarks through licensed stores, and grocery and foodservice accounts. The company offers its products under the Starbucks, Teavana, Seattle's Best Coffee, Evolution Fresh, Ethos, Starbucks Reserve, and Princi brands. As of October 3, 2021, it operated 16,826 company-operated and licensed stores in North America; and 17,007 company-operated and licensed stores internationally. The company was founded in 1971 and is based in Seattle, Washington.
Starbucks (NASDAQ: $SBUX) Looks Like Great Value Play! ☕Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items. The company also licenses its trademarks through licensed stores, and grocery and foodservice accounts. The company offers its products under the Starbucks, Teavana, Seattle's Best Coffee, Evolution Fresh, Ethos, Starbucks Reserve, and Princi brands. As of October 3, 2021, it operated 16,826 company-operated and licensed stores in North America; and 17,007 company-operated and licensed stores internationally. The company was founded in 1971 and is based in Seattle, Washington.
Starbucks! More bucks. SBUXYup. Upgoing zigzag with increasing momentum. Looking for End of C.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
SBUX Running out of SteamWe have a nice Head $ Shoulders pattern which is ready to break .
On Weekly time frame a bearish divergence occurred.
We are targeting the 96 price level.
SL just above 110.
Entry when the support breaks.
If you like the idea, do not forget to support with a like and follow.
* 𝗧𝗵𝗲 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝘀𝗵𝗮𝗿𝗲𝗱 𝗶𝗻 𝘁𝗵𝗶𝘀 𝗽𝗼𝘀𝘁 𝗶𝘀 𝗻𝗼𝘁 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗮𝗱𝘃𝗶𝗰𝗲 𝗮𝗻𝗱 𝗶𝘀 𝗳𝗼𝗿 𝗲𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗽𝘂𝗿𝗽𝗼𝘀𝗲 𝗼𝗻𝗹𝘆! 𝗔𝗹𝘄𝗮𝘆𝘀 𝗰𝗼𝗻𝗱𝘂𝗰𝘁 𝘆𝗼𝘂𝗿 𝗼𝘄𝗻 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗮𝗻𝗱 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵.
STARBUCKS 4H NEAR FUTURE PREDICTIONTechnical Analysis Summary
SBUX/USD
TREND ANALYSIS
We have 1 Downtrend in red color
We have 1 uptrend in green color
All yellow trends are trends from the past I added the just to show you why starbucks started moving down from the trend prespective.
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of stregth of levels (ONLY FOR VISUALS).
Be careful trends need to be modified when broken to the new peaks.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
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Exercise Proper Risk Management
Starbucks Corp. bullish scenario:The technical figure Channel Down can be found in US company Starbucks Corporation (SBUX) at daily chart. Starbucks Corporation is an American multinational chain of coffeehouses and roastery reserves. As the world's largest coffeehouse chain, Starbucks is seen to be the major representation of the United States' second wave of coffee culture. As of September 2020, the company has 32,660 stores in 83 countries, including 16,637 company-operated stores and 16,023 licensed stores. The Channel Down has broken through the resistance line on 06/11/2021, if the price holds above this level you can have a possible bullish price movement with a forecast for the next 13 days towards 120.19 USD. Your stop loss order according to experts should be placed at 104.02 USD if you decide to enter this position.
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Starbucks Gap with Inverted HammerAfter exceeding market expectations in terms of earnings, NASDAQ:SBUX made a downtrend gap. Probably those with filled pockets made a happy exit. (take profit)
But, an Inverted Hammer Doji pattern closed the day.
Looking at the general uptrend of this stock my guess is that it shall bounce back into positive domains.
Sunday Prep 7/25 - $SBUX Move seems overdoneThis thing has REALLY ran since we first pointed it out for the possible long setup. But it’s now getting to the point where the move seems overdone. As always, my opinion doesn’t mean SHIT! But I WILL be prepared to fade this if it starts to have some lower highs set in and gives me somewhere to have defined risk. Best case scenario is another day up extension to get it that even more extreme look. 130s would be AWESOME! But I’ll take what the market gives me.
Can SBUX keep up with coffee demand facing shortages?SBUX 2HR TF
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ANALYSIS
Coffee is in high demand, but SBUX is facing inventory shortages (cups, syrups, oat milk) as it continues to reopen locations world-wide. SBUX is already making amends as the company is resuming it's reusable cup program and dropping its summer 2021 drink line up.... This past week SBUX showed some strength to reverse and retest ATHs, as it broke the current downtrend resistance (solid green trendline) and filled the gap at 112.54. Looking for a continuation this week with a slanted inv h&s setting up and an impulsive wave 3 forming as the breakout.
Targets: 113.70, 118.32, new highs
Key levels
Support: 112.14, 110.88, 108.90
Resistance: 113.73, 114.63, 116.12, 119
Ideas
1. Shares
2. Long (swing calls 2week+ out exp. ATM/ OTM)