The chart of Starbucks (SBUX) does not inspire confidence in the future direction of the stock price. It has been making a series of lower highs and lower lows under a declining 50 day moving average.
While the relative strength index on the daily chart is flat and the Chaikin money flow indicator is well into positive territory, the weekly chart tells a different story.
On this timeframe the RSI is tracking lower and taking out its centerline and Chaikin money flow is declining. These indicators incorporate more data then the daily indicators and the February bounce has less of an influence on their readings. From a trading perspective, Starbucks has to reestablish itself above $59.00 level and eventually break above the downtrend line for the chart to inspire more confidence.