Volatility Contraction Sets Up SBUX Move Near $85.08
NeutralStarbucks Corp (SBUX) closed up 0.61% at $85.08 on December 29.
Technical indicators paint a bearish picture:
Moving Averages
Mixed signals with price near the 9-day EMA ($85.46). The 21-day EMA sits at $85.20.
Momentum
RSI at 50.7 is in neutral territory but trending lower. MACD is bearish (0.26 vs signal 0.36).
Volatility
Stock has been in a TTM Squeeze for 7 days, indicating compressed volatility and potential for a significant move.