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

Economies.com
1 year ago

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.

Advertistment

 

Expected trend for today: Bearish

Stocks Technical Analysis

United States Analysis

Stocks

American Express breaches upward trend line - Analysis - 22-09-2023
9 hours ago
American Express Company's stock (AXP) kept falling in the intraday levels amid negative pressure ...
United States Analysis

Stocks

Intel seeks a bottom to boost it higher - Analysis - 22-09-2023
9 hours ago
Intel Corporation's stock (INTC) fell in the intraday levels, amid negative signals from the RSI ...
United States Analysis

Stocks

Chevron tries to gather positive momentum - Analysis - 22-09-2023
9 hours ago
Chevron Corporation's stock (CVX) fell in the intraday levels, amid negative signals from the RSI ...