Starbucks may fall to 69.80 - 71.80

Our pivot point stands at 81.5.

Our preference

The downside prevails as long as 81.5 is resistance.

Alternative scenario

Above 81.5, look for 84.8 and 86.8.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 80.3168 and 79.978). Finally, Starbucks is trading below its lower daily Bollinger band (standing at 77.93).

Supports and resistances

86.8 **

84.8 *

81.5 **

80.2

77.87 (USD-last)

73.7

71.8 **

69.8 *

67.8 **

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