Bounce off the 20-day average
Starbucks stock slips 0.6% but bounces off its 20-day average in week 8 of a buy signal
Our view last week
Starbucks stock closes the week up 2%, but stays glued to the daily upper Bollinger Band, a level already tested twice without a real break. Under the surface buyers are scarce - daily money flow is negative and volumes are contracting - while the weekly structure holds firm, aligned averages and the MACD just turning bullish. The buy signal is in its 7th week, with 2 of the 3 targets of our most advanced model already hit and the stop now at breakeven.
This week's summary
Starbucks dips back to its 20-day average and bounces 2%, closing the week down a contained 0.6% after twice failing to break above the daily upper Bollinger Band. Under the surface, buyers still dominate volume, even though money flow stays negative. Starbucks stock's weekly technical analysis shows a buy signal losing some steam: strength drops to 47 out of 100, and the trade is up 2.37% since entry.
IQS Phase
58
ordinary
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#102 / 167
US stocks in progress
Trade P&L %
+2.37%
from signal to date, no stop loss
Rank position
ranks 102nd among the 167 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 strong phase
Performanceweekly -0.15% · monthly +3.51%
SBUX belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified in strong phase according to our weekly reading.
restricted Platinum content