Starbucks may rise to 97.40 - 102.00

Our pivot point is at 75.8.

Our preference

Our next up target stands at 97.4.

Alternative scenario

The downside breakout of 75.8 would call for 68.1 and 63.6.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 77.4903 and 82.6694). Finally, Starbucks has crossed above its upper daily Bollinger band (82.74).

Supports and resistances

106.7 **

102 *

97.4 **

92.8

82.79 (USD-last)

78.9

75.8 **

68.1 *

63.6 **

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