Starbucks suffers from negative pressures - Analysis - 13-10-2021

Starbucks' stock (SBUX) rose 0.05% in the last session, settling at 111.00, while trading within a descending price channel that guided recent short-term trading, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI.

Therefore we expect the stock to return lower, targeting the first support at 109.45, provided the resistance of 114.45 holds on.

Expected trend for today: Bearish