Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Starbucks' stock climbed 0.55% in the last session, or 0.29 points, amid the dominance of the main downward short-term trend, with positive pressure from the 50-day SMA, while the Relative Strength Index reached extremely overbought levels.
Therefore we expect the stock to return higher, as long as the resistance of 53.56 holds on, targeting the first support at 49.84.