Weaker Buy Today YELP ranks #11 as BUY CANDIDATE. Stronger Buy
Today YELP ranks #11 as BUY CANDIDATE.

YELP stock Yelp Inc

YELP stock
Yelp Inc

February 15, 2019
Change 4.58%
Chart period: 2018-11-16 - 2019-02-15
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will YELP stock price go up or down on Tue, 19 Feb 2019?

Yelp Inc Forecast and Stock Analysis

Technical YELP stock analysis for February 15, 2019.

Buy candidate since 2019-02-08 Gain 5.16%
Shorts 5.60% ( 2019-01-31 )
Cash 821.2 mill
Loans n/a
Beta 0.91
ROA 14.59

Yelp Inc gained 4.58% in the last trading day, rising from $38.19 to $39.94 The price has fallen in 6 of the last 10 days , but is still up by 7.45% over the past 2 weeks. Volume fell in the last day by -5.49 million shares, and in total, 4.71 million shares bought and sold for approximately $188.15 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Close price at the end of the last trading day (Friday, 15th Feb 2019) of the YELP stock was $39.94. This is 4.58% more than the trading day before Thursday, 14th Feb 2019.

During day the stock fluctuated 6.96% from a day low at $38.12 to a day high of $40.78.

30 day high of the YELP stock price was $40.78 and low was $35.08.
90 day high was $40.78 and low was $30.11.
52 week high for the Yelp Inc - $52.50 and low - $29.33.

Trend

Yelp Inc lies in the upper part of a wide and strong rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $40.39 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 17.21% during the next 3 months and, with 90% probability hold a price between $41.91 and $47.34 at the end of this period.

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Signals

Only positive signals in the chart today. Yelp Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $38.23 and $36.18. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday February 14, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

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A buy signal from a double bottom formation was found on Thursday February 07, 2019 with a target of $39.22. Despite the objective of the signal formation has been reached the stock may continue to perform well.

Relative Strength Index (RSI)

RSI14 is 68 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Yelp Inc finds support from accumulated volume at $38.19.

Support: $38.19 Price: $39.94

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $2.66 (6.96%) between high and low. For the last week, the stock has had a daily average volatility of 4.06%.

Our recommended stoploss: $38.45 (-3.73%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Strong Buy Candidate

Yelp Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.

Weaker Buy Today YELP ranks #11 as BUY CANDIDATE. Stronger Buy
Today YELP ranks #11 as BUY CANDIDATE.