Starbucks (SBUX) Surges 3.08% on Bullish Engulfing Pattern as Moving Averages Align and Hittest 61.8% Fibonacci Resistance

Starbucks (SBUX) Technical Analysis
Candlestick Theory
Recent price action for Starbucks (SBUX) reveals a 3.08% surge to $85.91, forming a bullish engulfing pattern following a 2.36% decline on 2025-11-24. This suggests a potential reversal from bearish to bullish momentum. Key support levels emerge around $82.52–$83.34 (2025-11-21 to 2025-11-24 lows), while resistance is evident near $85.50–$86.58 (2025-11-21 high and 2025-11-12 high). The price has tested and held above the $83.34 support, indicating short-term resilience.
Moving Average Theory

The 50-day moving average (approx. $84.50) currently sits above the 200-day (approx. $82.00), signaling a bullish trend. The 100-day MA ($83.80) aligns with the 50-day, reinforcing the uptrend. Price recently closed above all three, suggesting continued momentum. However, the 200-day MA may act as a critical support level if the trend weakens.
MACD & KDJ Indicators
The MACD line crossed above the signal line in late October, confirming a bullish crossover. Recent divergence between the MACD histogram and price action, however, hints at potential exhaustion in the uptrend. The KDJ (Stochastic) oscillator shows overbought conditions (K=85, D=80) as of 2025-11-25, suggesting a possible near-term pullback. If the K-line fails to cross above D, a bearish reversal could follow.
Bollinger Bands
Volatility has expanded recently, with the price nearing the upper Bollinger Band ($86.02). The 20-day volatility (ATR) of ~$1.50 indicates heightened price swings. A break above the upper band may signal continuation, while a retest of the lower band ($82.50) could trigger a rebound. Band contraction observed in mid-October (2025-10-13 to 2025-10-16) preceded the current rally, validating the breakout.
Volume-Price Relationship
Volume surged on the 3.08% rally (9.27M shares) compared to the prior day’s 10.81M on a 2.36% drop. This suggests strong conviction in the bullish move, though the volume decline from the 15M+ levels seen in late October implies reduced accumulation. A sustained increase in volume during further rallies would validate momentum, whereas shrinking volume could signal distribution.
Relative Strength Index (RSI)
The 14-day RSI reached 68 as of 2025-11-25, approaching overbought territory (70 threshold). While not yet in overbought conditions, the RSI’s recent acceleration from 50 to 68 in three days suggests short-term momentum may be peaking. A close below 60 could trigger a correction, though the RSI’s alignment with the bullish MACD crossover provides mixed signals.
Fibonacci Retracement
Key Fibonacci levels from the 2025-07-30 high ($98.89) to the 2025-04-30 low ($75.50) include 61.8% at $86.00 and 50% at $87.15. The current price near $85.91 aligns with the 61.8% retracement, acting as a potential resistance. A break above this level could target the 38.2% retracement at $89.00, but failure to hold here may see a retest of the 78.6% level at $83.00.
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Confluence and Divergences
Confluence is strongest between the bullish engulfing pattern, moving average alignment, and RSI momentum. However, divergences arise between the overbought RSI and the MACD’s flattening histogram, suggesting caution. The Bollinger Band proximity and Fibonacci 61.8% level also converge as critical resistance. Probability suggests a 60–70% chance of a short-term consolidation phase before a breakout attempt, with volume dynamics being key to confirming direction.