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 0.06% in the last session, amid the dominance of the downward correctional trend in the short term, with negative signals from the RSI after reaching overbought levels, with negative pressure from the 50-day SMA, settling thereafter at 110.73.
Therefore we expect the stock to return lower, targeting the support of 104.02, especially if the support of 109.47 was breached.
Expected trend for today: Bearish