Starbucks Corp

SBUX has broken key horizontal support and short-term EMAs, confirming medium-term bearish momentum, but extreme oversold RSI and proximity to the 200-day SMA suggest a potential technical bounce. Short-term timing is unfavorable, so defer sell execution until any relief rally into the 102–104 resistance zone is rejected.

• ↑Global comparable store sales up 7.9%; North America +8.1% (Q3’26).
• ↑Operating margin expanded to 14.4%, up 430bps YoY.
• ↓Forward P/E around 35 raises valuation sustainability concerns.