US stocks · open buy signal
Starbucks gains 1.9%: the bounce stays weak, near highs already tested multiple times
US stocks · open buy signal
Our view last week
Starbucks slips 2.1% this week: on the daily chart the stock carves out a double bottom in the 99 area, with a 5% rebound, though sellers stay slightly prevalent and buy volume drops to 6%, while the structural moving averages stay aligned higher. Price closed below the breakeven stop flagged in last week's card (104.6 area): for anyone following that level the trade is closed.
This week's summary
Starbucks adds 1.9% this week, but the bounce comes from a weak touch on the daily EMA20, in the 104 area - more of a technical rebound than an acceleration. On the weekly chart the signals stay mixed - mixed rejection bars and sellers slightly prevalent in the last session - while the structural moving averages remain fully aligned higher. Earnings came out last week: the gap risk is now behind us.
IQS Phase
62
ordinary
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#72 / 120
US stocks in progress
Trade P&L %
+0.62%
from signal to date, no stop loss
Rank position
ranks 72nd among the 120 Longs already running for US stocks in our ranking, with a signal strength of 47 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimein positive regime
Performanceweekly +6.11% · monthly -1.69%
SBUX belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified in positive regime according to our weekly reading.
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