Starbucks may rise to 112.80 - 119.40

Our pivot point is at 83.1.

Our preference

The upside prevails as long as 83.1 is support.

Alternative scenario

Below 83.1, expect 72 and 65.5.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 82.8285 and 79.2821).

Supports and resistances

126.1 **

119.4 *

112.8 **

106.1

92.47 (USD-last)

87.5

83.1 **

72 *

65.5 **

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