Score 9 (out of 10): STARBUCKS CORP sets up for +9.3% rally in 3 months

65

What’s Going On Here?

Starbucks CEO says ‘there are going to be many more’ store closings.

Why Now?

STARBUCKS CORP has triggered a new technical analysis signal. During similar occasions, STARBUCKS CORP shares had a median return of +9.3%, over the following 3 months – based on 3 historical occasions with 3 of those showing positive returns (100%). This buy signal for STARBUCKS CORP received a high score of 9 (out of 10). This insight was generated on 2022-July-20 with last price of 83.27.

What’s This Company About?

STARBUCKS CORP is in the Retail-Restaurants business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: SBUX US.

What’s My Risk / Reward and Time Horizon?

We found 3 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 90.98 (+9.3%) has been reached. Based on STARBUCKS CORP’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 80.37 (last price at 83.27), which is equivalent to a -3.5% decline.

Historical Chart:

Summary:

NameSTARBUCKS CORP
ViewUp
Star (1 to 10)9.0
Target9.3%
Time3 months
Hit Rate100%

———————————————————————a

Leave a Reply