$SBUX Starbucks Corporation Stock Robo Analyst November 14 2019 #SBUX

Starbucks Corporation (SBUX) “On a long-term technical basis, the stock (SBUX) is trading above its 200-day moving average which implies it is in a positive trend. However, the stock has broken through an important trendline at 90.57 suggesting the next level of support is 83.61. The long-term uptrend has now turned neutral.

The stock has support at 83.61. The stock will meet resistance at 86.59 and 94.39. If the stock breaks up through resistance at 86.59 then it will probably continue higher to 94.39. The 200-day moving average is at 82.43. This will also act as support. If the stock closes below 83.45 a negative trend change is probable. Look for the stock to fall to the 200-day moving average at 82.43. The stock is slightly oversold according to the Stochastic Indicator (33.44).”