TECH Sell 03.05.2024 13:22
Starbucks Corp.: Murrey analysis
Shares of Starbucks Corp., one of the largest companies that owns the coffee chain of the same name, are trading within a long-term downward trend, but this week the instrument intensified the decline, responding to falling sales and management's revision of profit forecasts for the current year for the worse. As a result, the quotes broke through the central mark of the Murrey trading range of 87.50 (Murrey level [4/8]) and reached the lowest values since June 2022 around 72.65.
Indicators
Overall recommendation Buy
Overall recommendation Buy
Overall recommendation Wait
Overall recommendation Sell
Overall recommendation Wait
Overall recommendation Wait
Overall recommendation Sell