Watch These Starbucks Price Levels as Stock Drops After 'Disappointing' Results

Timothy Smith

Wed, Apr 30, 2025, 1:06 PM 3 min read

Starbucks shares fell sharply Wednesday after the coffee chain posted fiscal second-quarter results that came in below Wall Street's expectations.
The stock broke down below a symmetrical triangle early Wednesday, setting the stage for a potential continuation move lower.
Investors should watch major support levels on Starbucks' chart around $77 and $72, while also monitoring important overhead areas near $91 and $99.

Starbucks (SBUX) shares tumbled on Wednesday after the coffee chain posted fiscal second-quarter results that fell short of analysts’ expectations.

The company said that global same store sales fell 1% in the quarter, a bigger drop than Wall Street anticipated. CEO Brian Niccol, who assumed the role last September and has launched a major turnaround effort, characterized the results as "disappointing" in a conference call late Tuesday.

In addition to managing strategic changes, the coffee giant faces external challenges such softening consumer spending and a potential rise in the price of coffee beans amid uncertainty surrounding sweeping tariffs imposed by the Trump administration.

Starbucks shares were down nearly 7% at around $79 in afternoon trading, after dropping as low as $75.50 early in the session. The stock is down about 13% since the start of the year, and has lost a third of its value since hitting a 52-week high in early March.

Below, we break down the technicals on Starbucks’ chart and identify major price levels that investors may be watching.

Symmetrical Triangle Breakdown

After falling decisively below the 200-day moving average (MA) earlier this month, Starbucks shares consolidated within a symmetrical triangle to signal indecision among market participants ahead of the company’s quarterly earnings. However, the stock broke down below the pattern's bottom trendline early Wednesday, setting the stage for a potential continuation move lower.

It’s also worth noting that the 50-day MA has converged toward the 200-day MA throughout April to signal a looming death cross—a bearish chart pattern that indicates lower prices ahead.

Let’s identify two major support levels where Starbucks shares could attract buying interest and also locate important overhead areas worth monitoring during potential recovery efforts.

Major Support Levels to Watch

The first level to watch sits around $77. Investors may seek entry points in this location near the April low, which also closely aligns with a brief consolidation period that preceded a significant breakaway gap on the chart last August.