Starbucks may rise to 82.00 - 84.40

70.7 is our pivot point.

Our preference

Short term rebound towards 82.

Alternative scenario

The downside breakout of 70.7 would call for 66.9 and 64.5.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 75.188 and 77.7466).

Supports and resistances

86.7 **

84.4 *

82 **

79.7

74.05 (USD-last)

72.2

70.7 **

66.9 *

64.5 **

Number of asterisks represents the strength of support and resistance levels.