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 (SBUX) rose anew in the intraday levels, amid negative pressure from the 50-day SMA, scoring a profit of 0.37% in the last session, or 0.19 points, amid the dominance of the main downward trend in the medium and short terms, while the RSI reached extremely overbought levels compared to the stock's movements.
Therefore we expect the stock to return lower, especially if it settled back below 49.84, targeting thereafter the pivotal support of 47.37.