Yum China Holdings Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Weaker technical forecast for Yum China Holdings Inc as stock downgraded to Hold/Accumulate.
(Updated on Apr 29, 2024)
The Yum China Holdings Inc stock price gained 0.98% on the last trading day (Monday, 29th Apr 2024), rising from $39.65 to $40.04. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 1.51% from a day low at $39.71 to a day high of $40.31. The price has risen in 7 of the last 10 days and is up by 6.12% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 640 thousand more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately $146.69 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.51% during the next 3 months and, with a 90% probability hold a price between $35.82 and $41.92 at the end of this 3-month period.
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YUMC Signals & Forecast
The Yum China Holdings 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 $38.60 and $39.22. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 8.57%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy 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 $39.65 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 $0.600 between high and low, or 1.51%. For the last week, the stock has had daily average volatility of 2.02%.
Since the Yum China Holdings Inc has been rising for 6 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: $38.49 (-3.86%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (YUMC) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Yum China Holdings Inc to open at $40.02, and during the day (based on 14 day Average True Range), to move between $39.07 and $41.01, which gives a possible trading interval of +/-$0.97 (+/-2.43%) 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 4.87% 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 (0.87%) than the support at $39.65 (0.97%), 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 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: 0.889 Hold/Accumulate Downgraded
Predicted Opening Price for Yum China Holdings Inc of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $40.02 ( 0.0500%) | $40.04 |
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 | 40.62 | 1.45 % | |
| R2 | 40.39 | 0.88 % | ||
| R1 | 40.25 | 0.522 % | ||
| Current price: | 40.04 | |||
| Support | S1 | 39.79 | -0.622 % | |
| S2 | 39.65 | -0.98 % | ||
| S3 | 39.42 | -1.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 43.75 | 9.27 % | |
| R2 | 41.10 | 2.65 % | ||
| R1 | 40.39 | 0.87 % | ||
| Current price | 40.04 | |||
| Support | S1 | 39.65 | -0.97% | |
| S2 | 38.10 | -4.85% | ||
| S3 | 37.44 | -6.49% |
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% |
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