SBUX drops to lowest close since September 6th

Starbucks Corp. (SBUX) Technical Analysis Report for Sep 14, 2018

Highlights

SBUX closes lower for the 3rd day in a row
SBUX falls to lowest close since September 6th
SBUX closes within previous day's range after lackluster session

TQ Sentiment

Report Sentiment: 20% Bullish
Technical Forecast:

Overview

Moving lower for the 3rd day in a row, SBUX finished the week -0.2% lower at 54.75 after losing $0.14 (-0.26%) today on low volume. Today's closing price of 54.75 marks the lowest close since September 6th. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range in a lackluster session.

Daily chart for SBUX

Volatility

Friday's trading range was $0.39 (0.71%), that's far below last trading month's daily average range of $0.65. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.

Support/Resistance

Prices are trading close to a key support level at 54.44.

Trend

Although still in a long-term downtrend, the short and medium-term trends both turned bullish already.

Order Flow

Selling might speed up should prices move below the nearby swing low at 54.33 where further sell stops could get activated.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Market Conditions for Starbucks Corp.

Condition Forecast Direction Win Rate Exit Day Events
4 Consecutive Lower Closes TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
Bounced off Technical Support S1 TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
RSI(2) below 20 TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Latest Report:

SBUX finds buyers at key support level

Sep 17, 2018
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Starbucks Corp. traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Market Movers

Related Stocks

AAP 10 day candlestick chart for AAP 163.50 -1.95 (-1.18%)
ADNT 10 day candlestick chart for ADNT 42.23 -0.83 (-1.93%)
ALSN 10 day candlestick chart for ALSN 51.78 -0.05 (-0.10%)
AMCX 10 day candlestick chart for AMCX 63.31 -0.75 (-1.17%)
AMZN 10 day candlestick chart for AMZN 1,908.03 -62.16 (-3.16%)
AN 10 day candlestick chart for AN 43.53 -1.37 (-3.05%)
APTV 10 day candlestick chart for APTV 85.45 -1.43 (-1.65%)
ARD 10 day candlestick chart for ARD 16.23 0.04 (0.25%)
ARMK 10 day candlestick chart for ARMK 41.99 -0.19 (-0.45%)
ATR 10 day candlestick chart for ATR 111.30 -0.67 (-0.60%)
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!