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For the second week, the shares of Starbucks Corp., one of the largest companies in the world selling coffee, have been correcting downwards against the medium-term uptrend.

Now, the price is at the lower border of the central channel of the Murrey trading range, 84.38 ([3/8]), but for a stable continuation of the decline, the quotes will need to break the pivot level of 81.25 ([2/8]), and then the “bearish” will be 75.00 ([0/8]) and 71.88 ([–1/8]). After the consolidation above 84.38, the asset will return to the central Murrey channel. It will be able to resume growth to its upper border of 90.62 ([5/8]) and further to 93.75 ([6/8]), 96.88 ([7/8]), but for a serious confirmation of the continuation of the upward trend, the quotes will need to consolidate above the central level of the Murrey trading range 87.50 ([4/8]), supported by the middle line of Bollinger bands.

Technical indicators do not give a single signal: the transition of Bollinger bands to horizontal movement and the decrease in the MACD histogram in the positive zone indicate the possibility of a change in the uptrend, but the reversal of Stochastic upwards from the oversold zone does not exclude continued growth.

Resistance levels: 84.38, 87.50, 90.62, 93.75, 96.88. | Support levels: 81.25, 78.12, 75.00.