1
Starbucks stock price decreased by 3.39% over the past month.
2
Starbucks stock price is currently trading at $96.23 with a drop of 0.96% in the last 24 hours with a current market cap of $110.222 Billion.
Starbucks stock reached a high of $115.79 but could not maintain it and started to fall, resuming the downtrend that showed further weakness in the market. According to the current situation, the market is trading below the dynamic support trendline which can further lead to lower levels. The market is also in a downtrend based upon a larger time frame as it is making lower lows.
Starbucks has been declining from its high levels and making lower-low structures. It is currently in a downtrend after breaking below the 20-day and 200-day moving average. If SBUX stock price cannot stop the bearish pressure, it may form a new lower-low pattern shortly and prolong the downtrend.
The current scenario requires traders and investors to be patient and look for
We współpracy z: https://www.thecoinrepublic.com/2023/09/16/starbucks-stock-will-sbux-stock-bounce-back-from-the-93-level/
