Starbucks (Nasdaq: SBUX) has been on an incredible run since last June with the stock jumping almost 72% from the low to the high. The stock bottomed at $46.33 last June and rallied to a high of $79.65 recently. Even in the fourth quarter when most stocks lost tremendous ground, Starbucks was actually up.
The stock did pull back a little in December and the low from then combined with the lows from January have created the lower rail of an upwardly sloping trend channel. The upper rail connects the highs from February, April, and May. The pullback over the last few weeks has brought the stock back down to the lower rail and to the 50-day moving average.
You can also see that the daily stochastic readings just hit oversold territory for the first time since December. The indicators made a bullish crossover on May 30. The last time they did this, the stock rallied from $61 to $71 within two months.
In addition to the possible bullish signs from the chart, the Tickeron AI Trend Prediction Engine just generated a bullish signal for Starbucks on May 29. The signal showed a confidence level of 76% while previous signals on the stock have been successful 74% of the time. The signal calls for a move of at least 4% over the next month.
The Moving Average Convergence Divergence (MACD) for SBUX turned positive on April 19, 2024. Looking at past instances where SBUX's MACD turned positive, the stock continued to rise in of 53 cases over the following month. The odds of a continued upward trend are .
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where SBUX's RSI Oscillator exited the oversold zone, of 29 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on April 19, 2024. You may want to consider a long position or call options on SBUX as a result. In of 95 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SBUX advanced for three days, in of 312 cases, the price rose further within the following month. The odds of a continued upward trend are .
SBUX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SBUX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for SBUX entered a downward trend on April 23, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.000) is normal, around the industry mean (4.116). P/E Ratio (23.730) is within average values for comparable stocks, (55.159). Projected Growth (PEG Ratio) (1.263) is also within normal values, averaging (2.023). Dividend Yield (0.025) settles around the average of (0.034) among similar stocks. P/S Ratio (2.778) is also within normal values, averaging (3.275).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 84, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. SBUX’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a producer of coffee and tea
Industry Restaurants