Starbucks Will Perk Up Its Revenue Within 4 Years (Technical Analysis)

Nov. 25, 2022 2:56 PM ETStarbucks Corporation (SBUX)8 Comments
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Summary

  • Technical analysis for Starbucks shows the optimal time to take market entries. However, there is a concern for upward momentum as RSI overbought market condition was reached recently.
  • Forward guidance for Starbucks indicates a 40+% rise within four years. If so, the stock price might rise relative to this revenue growth.
  • Even the CEO and Founder of Starbucks made recent purchases to show confidence in his outlook.

Starbucks coffee sign hanging outside a shop

JohnFScott

Starbucks (NASDAQ:SBUX) is a large high-end coffee retailer based out of Seattle, Washington. This company has shown some flat growth via fundamentals analysis, with the stock price nearly doubling in four years. Simple moving average periods have demonstrated relative positive strength over

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Quantlabs.net is a quantitative trading website managed by Bryan Downing that focuses on quantitative analysis, trading models and high-frequency trading (HFT) algorithms and tutorials using open source code projects including R, QuantLib, Marketcetera, and others. With an emphasis on practical quant training and teaching, Quantlabs.net helps new, experienced, independent and professional quant traders quickly get up to speed on key techniques, strategies, and software shortcuts.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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