Yum! Brands Inc Stock Forecast
Yum! Brands Inc stock downgraded to Hold/Accumulate
(Updated on Mar 28, 2024)
The Yum! Brands Inc stock price gained 0.97% on the last trading day (Thursday, 28th Mar 2024), rising from $137.32 to $138.65. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.05% from a day low at $137.39 to a day high of $138.83. The price has been going up and down for this period, and there has been a 1.09% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 136 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $245.52 million.
The stock lies in the middle of a 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 8.94% during the next 3 months and, with a 90% probability hold a price between $145.38 and $155.84 at the end of this 3-month period.
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YUM Signals & Forecast
The Yum! Brands Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $136.39 and $136.56. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -1.49%. 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). The stock had a Golden Star Signal on Monday, December 11, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, December 11, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Yum! Brands Inc stock
Yum! Brands Inc finds support from accumulated volume at $136.84 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.44 between high and low, or 1.05%. For the last week the stock has had daily average volatility of 1.00%.
Our recommended stop-loss: $132.69 (-4.30%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (YUM) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Yum! Brands Inc to open at $138.29, and during the day (based on 14 day Average True Range), to move between $136.91 and $140.39, which gives a possible trading interval of +/-$1.74 (+/-1.25%) up or down from last closing price. If Yum! Brands Inc takes out the full calculated possible swing range there will be an estimated 2.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $138.70 (0.04%) than the support at $136.84 (1.31%), 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! Brands Inc stock A Buy?
Yum! Brands Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.225 Hold/Accumulate Downgraded
Predicted Opening Price for Yum! Brands Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$138.29 ( 0.260%) | $138.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YUM
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 139.73 | 0.779 % | |
R2 | 139.18 | 0.382 % | ||
R1 | 138.84 | 0.137 % | ||
Current price: | 138.65 | |||
Support | S1 | 137.74 | -0.656 % | |
S2 | 137.40 | -0.90 % | ||
S3 | 136.85 | -1.30 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 140.38 | 1.25 % | |
R2 | 140.08 | 1.03 % | ||
R1 | 138.70 | 0.0361 % | ||
Current price | 138.65 | |||
Support | S1 | 136.84 | -1.31% | |
S2 | 135.40 | -2.34% | ||
S3 | 129.64 | -6.50% |
YUM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 24, 2024 | Feb 20, 2024 | Mar 08, 2024 | $0.670 | 0.480% |
2 | Nov 16, 2023 | Nov 27, 2023 | Dec 08, 2023 | $0.605 | 0.487% |
3 | Aug 28, 2023 | Aug 28, 2023 | Sep 08, 2023 | $0.605 | 0.478% |
4 | May 19, 2023 | May 26, 2023 | Jun 09, 2023 | $0.605 | 0.453% |
5 | Feb 08, 2023 | Feb 21, 2023 | Mar 10, 2023 | $0.605 | 0.486% |
FAQ
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