Starbucks' stock (SBUX) rose 0.56% in the last session with positive signals from the RSI after reaching oversold levels, settling thereafter at 112.37, while touching the resistance of the 50-day SMA, while trading alongside the downward correctional trend line in the short term.
Therefore we expect the stock to return lower, targeting the first support at 109.20, provided the resistance of 114.20 holds on.
Expected trend for today: Bearish