Nov. 14 at 11:24 PM
$SBUX is currently trading at
$84.78, with an RSI of 44.25, indicating a neutral momentum and potential for upward movement as it is not in overbought territory. The 30-day moving average (MA30) is at
$83.48, and the 50-day moving average (MA50) is at
$83.76, both suggesting a bullish trend as the price is above these averages. The recent high of
$89.99 and low of
$77.99 over the last 60 days indicate a range that
$SBUX is currently near the midpoint of, providing room for upward movement.
Suggested entry point is
$85.00 to capture potential upward momentum. Place a stop loss at
$82.50 to limit downside risk. Target 1 is set at
$88.00, near the 60D high, and Target 2 at
$89.00, allowing for profit-taking as the price approaches resistance levels.
Overall, the market context supports a bullish bias based on the current metrics.
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