Buy signal holds as sellers push back near the highs
Starbucks slips 0.5% as sellers push back near highs tested three times
Buy signal holds as sellers push back near the highs
Our view last week
Starbucks closes the week with a clean bounce off its own 20-day moving average: a touch in the 102 area, a 4% recovery, for a weekly performance of +1.7%. The structure stays fully aligned to the upside and the setup quality indicator climbs to 75 out of 100, in tension. Starbucks stock, though, is still working right against an area that has been tested several times: this week's technical analysis calls for a selective entry, not for chasing the move.
This week's summary
Starbucks stock closes the week down 0.5%, with a bearish engulfing candle that marks sellers taking firm control right at the edge of an area already tested three times over the past ten weeks. Buy volume collapses below 10%, a sign that buying pressure has faded. The weekly structure, though, stays intact, with all structural moving averages aligned to the upside: for our model, the disciplined move here is to hold the position, not chase a fresh entry.
IQS Phase
56
ordinary
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#69 / 112
US stocks in progress
Trade P&L %
+0.85%
from signal to today
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