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SBUX trade ideas

Long-Term SBUX long after some stabilizationWith last poor earnings, Starbucks NASDAQ:SBUX generates my favorite long-term signal for potential long-term buying (Bollinger Bands torn & RSI oversold on weekly basis) If the company gets its problems under control, there could be a reversal soon After such negative earnings, however, the price still needs to stabilize somewhat The stabilization of NASDAQ:META in the second picture took a week (picture 2) and of NASDAQ:NFLX a few weeks longer (picture 3) until the bottom was found after poor earnings I will take a closer look at the earnings and the reasons for the strong sell-off of NASDAQ:SBUX and will probably buy a larger position in the next few trading days The ideal price would be between $65 (resistance from 2015 and 2017) and $68.39 (low from May 2022)
NASDAQ:SBUXLong
by OfficerDonut
1
Starbucks Joins Forces with Podback for Coffee Pod RecyclingIn a significant stride towards environmental sustainability, Starbucks ( NASDAQ:SBUX ) has announced a groundbreaking partnership with Podback, a leading coffee pod recycling initiative in the UK. This innovative collaboration aims to revolutionize the way coffee lovers dispose of their used pods, making recycling effortless and accessible to all. With coffee pod usage on the rise, environmental concerns regarding their disposal have been escalating. Recognizing this pressing issue, Starbucks ( NASDAQ:SBUX ) has taken proactive steps to address it. Through this partnership, Starbucks ( NASDAQ:SBUX ) At Home customers can now easily recycle their used coffee pods by simply picking up free Podback recycling bags at any of Starbucks' 1,250 coffee shops across the UK. Once filled with used pods, these bags can be conveniently dropped off at any of the 6,500 Yodel drop-off locations nationwide. Additionally, Podback offers kerbside collection services for 1.5 million households in 21 UK local authorities, further enhancing accessibility to recycling facilities. This initiative sheds light on Starbucks' commitment to sustainability. Jacqui Wetherly, Sustainability Director at Starbucks UK, emphasizes, "We are committed to our continued journey of reducing the environmental impact of all of our coffee products, from the beans to the milks we use and the way it is served." By partnering with Podback, Starbucks ( NASDAQ:SBUX ) is not only making recycling more convenient for its customers but also significantly reducing its environmental footprint. Rick Hindley, Executive Director at Podback, lauds the collaboration, stating, "Partnering with one of the world’s best-known coffee brands is a sign of the considerable progress that Podback has made towards establishing a convenient and simple way for people to recycle used pods." This partnership exemplifies the collective effort of both Starbucks ( NASDAQ:SBUX ) and Podback in promoting sustainability and responsible consumption. Furthermore, all coffee pods collected by Podback are recycled within the UK, contributing to the circular economy. Aluminum pods are repurposed into beverage cans, while plastic pods are transformed into various products, including supermarket crates and building materials. Even the leftover coffee grounds undergo anaerobic digestion, generating biogas and serving as a soil improver, completing the recycling loop. This collaboration between Starbucks ( NASDAQ:SBUX ) and Podback marks a significant milestone in the journey towards a greener future. By providing a seamless recycling solution for coffee pod users, they are not only mitigating environmental impact but also inspiring other companies to adopt similar initiatives. As consumers become increasingly conscious of their environmental footprint, partnerships like these play a crucial role in fostering a more sustainable society. Technical Outlook Despite the collaboration with Podback, NASDAQ:SBUX stock is down 2% trading below the 200, 100, and 50-day Moving Averages (MA). NASDAQ:SBUX trades in the oversold region with a Relative Strength Index (RSI) of 16.99
NASDAQ:SBUX
by DEXWireNews
Starbucks Faces Stock Slump Amidst Global ChallengesStarbucks ( NASDAQ:SBUX ), the renowned coffee giant, is weathering the storm as its stock takes a steep tumble following a downward revision of its annual forecasts. With shares plunging nearly 14%, concerns loom large over the company's future trajectory. The primary culprits behind Starbucks' woes are twofold: a sluggish demand in the United States and a slower-than-anticipated recovery in the crucial Chinese market. Persistent weakness in the U.S. market, exacerbated by inflationary pressures and a shift towards at-home consumption, has affected the company's bottom line. The adverse impact of several rounds of price hikes has driven customers away from cafes and restaurants, opting instead for home-brewed alternatives. Adding to the company's woes are external factors such as severe weather conditions in the U.S. dampening sales and geopolitical tensions disrupting operations in the Middle East due to the Israel-Hamas conflict. These challenges have further compounded Starbucks' struggles to regain its footing in key markets. Analysts have expressed concerns about the prolonged nature of Starbucks' predicament, with Danilo Gargiulo of Bernstein highlighting the lack of clear signs of improvement amidst worsening macroeconomic and competitive dynamics, particularly in China. Starbucks' ( NASDAQ:SBUX ) revised forecasts paint a bleak picture, with full-year comparable sales expected to range from a low single-digit decline to flat, a far cry from its previous optimistic projections of 4% to 6% growth. Similarly, the company has downgraded its per-share profit growth forecast to between flat and low-single digits, a significant departure from its earlier estimates of 15% to 20% growth. CEO Laxman Narasimhan acknowledged the shifting consumer landscape, noting that customers are becoming more discerning in their spending habits, especially with stimulus savings largely exhausted. The repercussions of Starbucks' struggles extend to its stock valuation, with its forward price-to-earnings multiple (P/E) trailing behind industry peers such as McDonald's and Restaurant Brands. This disparity underscores investor concerns about the company's ability to navigate the current challenges and regain its growth momentum. Technical Outlook Starbucks' ( NASDAQ:SBUX ) stock closed Tuesday's market trading within the oversold region with a Relative Strength Index (RSI) of 14.96. Traders ought to be cautious of a trend reversal. The stocks' daily price chart indicates a long "Bearish Harami" candle stick pattern which accentuates the bearish nature of the stock .
NASDAQ:SBUXShort
by DEXWireNews
Big Price Jump Expected For Tuesday A big price jump is expected Tuesday for SBUX. Based on candlestick analysis you can see at the bottom of the chart the first dashed line which is support. The green line above that is resistance which SBUX broke through today. The third green line at the 92.78 price line is the next level of resistance which SBUX has to go through in order to break out. We already had a break out today as labeled since we broke through that second line. We can expect a sharp jump in price within the first few hours of trading before it comes back down. It a second breakout does occur it will likely stay on track with the elliot wave which is a surge to $94 before the end of the week. We should expect pull back as indicated in red. The green lines that are vertical predictions while the horizontal lines are trend lines. MACD and RSI also show room to run further. Please comment your thoughts below. Follow if you like what you see!
NASDAQ:SBUXLong
by Myantman101
2
SBUX To Test 3rd Level Of Resistance Possible Break Out?Starbucks continue to break through resistance. I was told it would not go up today by a user and they were incorrect. We had a nice 1% gain today and I am expecting SBUX due to rise again tomorrow based on the candlestick trend breaking through resistance 2. It will have no choice but to go up and test resistance 2. Even if resistance 2 isn't broken it will at least be tried. MACD is still in our favor while the triple confirm is out of our favor but I have never relied on that unless I am timing my buy ins on the minute chart. Hit play on my previous SBUX publication to see my accuracy. I am looking forward to more gains tomorrow.
NASDAQ:SBUXLong
by Myantman101
SBUX Sitting Above SupportStarbucks is sitting above support and could break out to resistance 1 or resistance 2 on Monday 3.11.24. MACD proves growing bullish divergence while divergence+ shows bullish divergence as well. The Kurotoga cloud shows the downward trend based on resistance but current resistance is weak and the current candles are starting to break through. I predict a 1-2% price increase on SBUX monday 3.11. Comment below your thoughts. Will SBUX break out? Or will it follow its downward trend?
NASDAQ:SBUXLong
by Myantman101
2
Starbuck-->> Bulls back in charge<<-- Time to buy!NASDAQ:SBUX Analysis is based on simplified Smart Money Trading Concepts. Starbucks analysis was performed on both the Weekly Time Frame and then dialed down to the Daily. The Weekly TF has had a change of swing structure from bearish to bullish (noted by the line with "W-x"). Then we had a pull back into the current discount zone and on the daily time frame changed from Bearish order flow to Bullish order flow. Demand is stepping into the picture and we should see Starbucks price hit $107.66 hit within the next 40-60 days. Trade Idea Point of Invalidation: Any break AND below above $89.09 ------------------------------------------------------------------------------------------------------ Reward to Risk ratios could vary between 3:1 up to greater than 15:1 depending on the instrument you are trading and the level that you enter in at. The round trip time from entry to exit is between 40 days - 3 months. If you are Long the Underlying stock : 4 positions or one large entry between the 62%% pullback($96.22) and the 79% pullback($93.08) would be ideal. Exits: 1st = $107.66 2nd = $112.64 3rd = $119.10 4th = $126.11 **Split your positions between the 2 suggested exits** ------------------------------------------------------------------------------------------------------ If you are trading stock options: NO less than a 3 month expiration! This is to be able to capture the majority of the upward move. Suggestion: 17th May $105 Call or 17th May $100 Call Exits: Underlying stock price 1st = $107.66 2nd = $112.64 3rd = $119.10 4th = $126.11 If you need an options calculator, I suggest using: www.optionsprofitcalculator.com ------------------------------------------------------------------------------------------------------ If you are interested in a FREE course on how I analyze the markets, let me know in the comments. THERE IS NO CHARGE FOR AWESOMENESS
NASDAQ:SBUXLong
by TraderHustle