Yum China Holdings Inc Stock Forecast
Yum China Holdings Inc stock price up 2.13% on Thursday
(Updated on Mar 28, 2024)
The Yum China Holdings Inc stock price gained 2.13% on the last trading day (Thursday, 28th Mar 2024), rising from $38.96 to $39.79. During the last trading day the stock fluctuated 2.75% from a day low at $39.02 to a day high of $40.09. The price has fallen in 6 of the last 10 days and is down by -5.76% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 18 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $91.23 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.65% during the next 3 months and, with a 90% probability hold a price between $39.73 and $48.28 at the end of this 3-month period.
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YUMC Signals & Forecast
There are mixed signals in the stock today. The Yum China Holdings Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $41.00. On a fall, the stock will find some support from the short-term average at $38.98. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, February 28, 2024, and so far it has fallen -9.05%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Yum China Holdings Inc stock
Yum China Holdings Inc finds support from accumulated volume at $38.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.07 between high and low, or 2.75%. For the last week, the stock has had daily average volatility of 2.33%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (YUMC) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Yum China Holdings Inc to open at $39.63, and during the day (based on 14 day Average True Range), to move between $38.47 and $41.11, which gives a possible trading interval of +/-$1.32 (+/-3.32%) up or down from last closing price. If Yum China Holdings Inc takes out the full calculated possible swing range there will be an estimated 6.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $40.39 (1.51%) than the support at $38.39 (3.52%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Yum China Holdings Inc stock A Buy?
Yum China Holdings Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -4.196 Sell Candidate Unchanged
Predicted Opening Price for Yum China Holdings Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$39.63 ( 0.392%) | $39.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YUMC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 40.71 | 2.30 % | |
R2 | 40.30 | 1.27 % | ||
R1 | 40.04 | 0.636 % | ||
Current price: | 39.79 | |||
Support | S1 | 39.22 | -1.42 % | |
S2 | 38.97 | -2.06 % | ||
S3 | 38.56 | -3.09 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 41.10 | 3.29 % | |
R2 | 40.93 | 2.87 % | ||
R1 | 40.39 | 1.51 % | ||
Current price | 39.79 | |||
Support | S1 | 38.39 | -3.52% | |
S2 | 38.10 | -4.25% | ||
S3 | 36.13 | -9.20% |
YUMC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 06, 2024 | Mar 04, 2024 | Mar 26, 2024 | $0.160 | 0.410% |
2 | Oct 31, 2023 | Nov 27, 2023 | Dec 19, 2023 | $0.130 | 0.315% |
3 | Jul 31, 2023 | Aug 25, 2023 | Sep 18, 2023 | $0.130 | 0.227% |
4 | May 02, 2023 | May 26, 2023 | Jun 20, 2023 | $0.130 | 0.224% |
5 | Feb 07, 2023 | Mar 06, 2023 | Mar 28, 2023 | $0.130 | 0.209% |
FAQ
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