(SBUX) Proactive Strategies

November 09, 2024, 11:02 am ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SBUX

• Buy SBUX near 96.93 target n/a stop loss @ 96.65. Details

The technical summary data tells us to buy SBUX near 96.93, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 96.65 to protect against excessive loss in case the stock begins to move against the trade. 96.93 is the first level of support below 97.55, and by rule, any test of support is a buy signal. In this case, if support 96.93 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for SBUX

• Buy SBUX slightly over 97.82, target n/a, Stop Loss @ 97.54 Details

If 97.82 begins to break higher, the technical summary data tells us to buy SBUX just slightly over 97.82, with an upside target of n/a. The data also tells us to set a stop loss @ 97.54 in case the stock turns against the trade. 97.82 is the first level of resistance above 97.55, and by rule, any break above resistance is a buy signal. In this case, 97.82, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short SBUX slightly near 97.82, target 96.93, Stop Loss @ 98.1. Details

The technical summary data is suggesting a short of SBUX if it tests 97.82 with a downside target of 96.93. We should have a stop loss in place at 98.1 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 97.82, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for SBUX

• Buy SBUX slightly over 97.82, target n/a, Stop Loss @ 97.59 Details

If 97.82 begins to break higher, the technical summary data tells us to buy SBUX just slightly over 97.82, with an upside target of n/a. The data also tells us to set a stop loss @ 97.59 in case the stock turns against the trade. 97.82 is the first level of resistance above 97.55, and by rule, any break above resistance is a buy signal. In this case, 97.82, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short SBUX slightly near 97.82, target 96.93, Stop Loss @ 98.05. Details

The technical summary data is suggesting a short of SBUX if it tests 97.82 with a downside target of 96.93. We should have a stop loss in place at 98.05 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 97.82, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Starbucks Corporation (SBUX) available here: SBUX.

SBUX Ratings for November 09:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	75.06
P2	94.84	95.62	86.19
P3	96.07	97.82	96.93

AI Generated Signals for SBUX

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Don't over think it!  Trading Starbucks Corporation (NASDAQ: SBUX) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions.  This should be an integral part of the investment process.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for SBUX change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if SBUX is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for SBUX too.  All of these are offered below the Summary Table.