Starbucks Corporation stock closed at $105.25 on July 31, well off the session high of $108.16. The reversal candle near the pivot level shows buyers met resistance. Still, the broader trend remains higher, setting up a critical test for the bullish structure.

Key takeaways

• Starbucks Corporation stock closed at $105.25 on July 31, reversing sharply from a session high of $108.16.
• The daily trend remains bullish with price above the EMA20 at 104.30, the EMA50 at 103.01, and the EMA200 at 96.86.
• MACD readings on both daily and hourly charts show negative histogram values, signaling momentum is fading despite the uptrend.
• The 103.84–104.30 support zone is the line in…