Starbucks is neutral

Our pivot point stands at 87.9.

Our preference

Short term technical rebound towards 87.9 before a new drop.

Alternative scenario

The upside breakout of 87.9 would call for 95.6 and 100.2.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above its 20 day moving average (78.884) but under its 50 day moving average (81.9045).

Supports and resistances

100.2 **

95.6 *

87.9 **

84.9

81.615 (USD-last)

71.8

67.3 **

62.7 *

58.2 **

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