The Hourly View for SBUX
Currently, SBUX (Get Ratings)’s price is down $-0.42 (-0.36%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
SBUX’s Technical Outlook on the Daily Chart
Currently, SBUX’s price is up $0.35 (0.31%) from the day prior. It’s been a feast for bulls operating on the daily timeframe, as SBUX has now gone up 4 of the past 5 days. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Starbucks Corp’s price action over the past 90 days can be seen via the chart below.
For SBUX News Traders
News traders keeping an eye on SBUX may find value in this recent story:
Starbucks Corporation (Nasdaq: SBUX) plans to release its second quarter fiscal year 2021 financial results after the market close on Tuesday, April 27, 2021, with a conference call to follow at 2:00 p.m. Pacific Time. The conference call will be webcast, including closed captioning, and can be accessed on the company’s website: http://investor.starbucks.com. A replay of the webcast will be available on the company’s website until end of day, Friday, May 28, 2021.
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The post Starbucks Corp (SBUX): Price Now Near $115.71; Daily Chart Shows An Uptrend on 20 Day Basis appeared first on ETF Daily News.
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