{"id":206007,"date":"2024-05-03T08:06:39","date_gmt":"2024-05-03T12:06:39","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=206007"},"modified":"2024-12-18T10:42:56","modified_gmt":"2024-12-18T15:42:56","slug":"chart-advisor-starbucks-corp-sbux","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-starbucks-corp-sbux\/","title":{"rendered":"Chart Advisor: Starbucks Corp (SBUX)"},"content":{"rendered":"\n<p>From\u00a0<a href=\"https:\/\/links.investopedia.com\/u\/click?_t=36ba8fa8372241d58b3bfc06997a4332&amp;_m=00e3da172fd04349966e8971e4af6721&amp;_e=T97l-yobtfe7wxY7S03JBIkVv9LwqKHVssnc7LNNEDdfKJzl0lxzG2V8ESMZ-Pw-k0dnhWdEPz-C_V9nGUVPpbbqeBEiFEnSs_la6Rdq7AyM42x595lGG5W3qBZwW6d02S9CiV-j5LTt35zrGN8k90F6uReywR5jG6YkCHKgUcvFOVZcTbE3XAiUjkek7fyRvLI7ER3zFuqbjhhpHjDL68n9GTSZLimv6N0YMmPpXBQXVb5GPIGI2wz-f2MHcHjHFDcZblWvAT7RRoWcCx8YBfk2BFr4oBLMCFMzeN6d4uinXemUinsR3OZmm-VuGf1_DrMzpPpEDSCgHBo1mTSKPWmS_HOPSKw1WUZcYNEaehRlOtprNp5IixySJwL1o7yPYGlW4FVS_uZ014QRPXn8Il0YYMN25jSW5AACuYo1zi6m3xuQFtu9WXqB_cmpD6Wr\" target=\"_blank\" rel=\"noreferrer noopener\">SIA Charts<\/a><\/p>\n\n\n\n<p><strong>1\/ Starbucks Corp (SBUX)<\/strong><\/p>\n\n\n\n<p><strong>2\/ Candlestick Chart<\/strong><\/p>\n\n\n\n<p><strong>3\/ Point and Figure Chart<\/strong><\/p>\n\n\n\n<p><em>Investopedia is partnering with CMT Association on this newsletter. \u00a0The contents of this newsletter are for informational and educational purposes only, however, and do not constitute investing advice. The guest authors, which may sell research to investors, and may trade or hold positions in securities mentioned herein do not represent the views of CMT Association or Investopedia. Please consult a financial advisor for investment recommendations and services.<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-1\">1\/<\/h2>\n\n\n\n<p><strong>Starbucks Corp (SBUX)<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" width=\"1100\" height=\"221\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/03.05-1-1100x221.png\" alt=\"\" class=\"wp-image-206008 lazyload\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/221;width:1450px;height:auto\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/03.05-1-1100x221.png 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/03.05-1-700x140.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/03.05-1-300x60.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/03.05-1-768x154.png 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/03.05-1.png 1495w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><\/figure>\n\n\n\n<p class=\"has-small-font-size\"><em>Courtesy of SIA Charts<\/em><\/p>\n\n\n\n<p class=\"has-small-font-size\">SIA Charts\u2019 relative strength rankings help investors manage risk by identifying stocks and sectors which are underperforming relative to their peers and\/or their benchmarks and should potentially be avoided. Staying away from stocks that are not attracting capital can help investors to avoid areas at higher risk of absolute declines and relative underperformance and to reduce negative event risk.<\/p>\n\n\n\n<p>Starbucks Corp (SBUX) shares dropped nearly 16% yesterday following their earnings release for fiscal Q2 which was worse than anticipated and marked a historically weak quarter. Starbucks was already in the Unfavored zone of the SIA S&amp;P 100 Index Report and fell 7 more spots yesterday to the 100th ranking out of 103 investments. Starbucks has been in the Unfavored zone since June of last year and is down around -25% during this time period. SIACharts\u2019 Relative Strength rankings can help investors identify which stocks in a universe are underperforming against their peers and could potentially help stay away from earnings misses like Starbucks experienced yesterday.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-2\">2\/<\/h2>\n\n\n\n<p><strong>Candlestick Chart<\/strong><\/p>\n\n\n\n<p>US same-store sales dropped by 3% compared to an expectation of more than 1.2% as cautious consumer spending and a deteriorating economic environment weighed on customer traffic. Similarly, China experienced a decline of 11% in sales against an expected 2%. Operational margin stood at 12.8%, lower than the expected 14.4%, with EPS at $0.68 compared to the expected $0.80. Global revenue growth is pegged at low-single digits, compared with the previous guidance for a 7% to 10% gain. The retailer also forecasts global comparable store sales to be flat to down by low-single digits, compared with prior expectations for 4% to 6% growth. The company&#8217;s long-term growth depends on several sales drivers and correcting some recent actions, as well as implementing cost efficiency measures according to analysts. Looking at a candlestick chart over the last five years using weekly time periods, we can see SBUX gap down significantly on the earnings miss yesterday marking the largest one week drop in this time frame. This has continued its recent trend downwards from its all-time highs from July of 2021 and its recent one year high from May of 2023. We could see support just below the $70 level based on previous lows from the spring of 2022 and past moves.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"592\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/03.05-2-1100x592.png\" alt=\"\" class=\"wp-image-206009 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/03.05-2-1100x592.png 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/03.05-2-700x376.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/03.05-2-300x161.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/03.05-2-768x413.png 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/03.05-2.png 1387w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/592;\" \/><\/figure>\n\n\n\n<p>Starbucks Corp (SBUX) is currently in a column of 17 O&#8217;s in a 2% Point and Figure chart which represents around a 35% drawdown while filtering out the short term noise. To the downside, support can now be found at around $70 and below this at $65.85 which corresponds to the lows from 2022 and the summer of 2020.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-3\">3\/<\/h2>\n\n\n\n<p><strong>Point and Figure Chart<\/strong><\/p>\n\n\n\n<p>Resistance can be found above at $81.88 should a reversal happen. Further support can be found at around $90. With a bearish SMAX score (which is a near-term 1 to 90-day indicator comparing an asset against different equal-weight asset classes) of 0 out of 10, SBUX is still exhibiting short-term weakness against all asset classes.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"722\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/03.05-3-1100x722.png\" alt=\"\" class=\"wp-image-206010 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/03.05-3-1100x722.png 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/03.05-3-700x460.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/03.05-3-300x197.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/03.05-3-768x504.png 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/03.05-3.png 1194w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/722;\" \/><\/figure>\n\n\n\n<p>&#8212;<\/p>\n\n\n\n<p>Originally posted 3rd May 2024<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Starbucks Corp (SBUX) shares dropped nearly 16% yesterday following their earnings release for fiscal Q2 which was worse than anticipated and marked a historically weak quarter. Starbucks was already in the Unfavored zone of the SIA S&amp;P 100 Index Report and fell 7 more spots yesterday to the 100th ranking out of 103 investments. <\/p>\n","protected":false},"author":186,"featured_media":206011,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[18,6,8,9,22,23,26,3],"tags":[778,1169],"contributors-categories":[13686],"class_list":{"0":"post-206007","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-macro","8":"category-north-america","9":"category-region","10":"category-securities","11":"category-stocks","12":"category-technical-analysis","13":"category-text-articles","14":"category-traders-insight","15":"tag-nasdaq","16":"tag-sbux","17":"contributors-categories-investopedia"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ 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