Starbucks suffers from negative pressures - Analysis - 16-05-2018

2018-05-16 12:53:17 GMT (Economies.com)
Starbucks suffers from negative pressures - Analysis - 16-05-2018
 

Starbucks' stock (SBUX) fell in the intraday levels, registering a new loss of 0.86% in the last session, or 0.49 points, amid negative pressure from the 50-day SMA, with negative signals from the RSI. 

 

Therefore we expect more losses for the stock, especially if the support of 56.20 was breached, representing the ratio 61.8% of Fibonacci retracement levels for an ascending wave in the medium term (from 50.84 to 64.87), targeting the next support at 54.15, which represents the ratio 76.4%. 

 
 
 
  Symbol Last Change Chg.%
1.1691
0.0060
0.5167%
1.3190
0.0120
0.9162%
14.191
0.124
0.885%
71.070
2.083
3.019%
79.46
0.06
0.08%
1201.560
7.785
0.652%
 
 
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