Starbucks may rise to 91.70 - 96.10

Our pivot point is at 71.8.

Our preference

Short term rebound towards 91.7.

Alternative scenario

Below 71.8, expect 64.7 and 60.5.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the stock is trading above its 20 day moving average (76.6483) but under its 50 day moving average (83.8066).

Supports and resistances

100.4 **

96.1 *

91.7 **

87.4

77.5 (USD-last)

74.6

71.8 **

64.7 *

60.5 **

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