Yum! Brands Inc Forecast and Stock Analysis
Technical YUM stock analysis for Wednesday June 19, 2019.
Yum! Brands Inc gained 0.68% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from $108.71 to $109.45 During day the stock fluctuated 1.37% from a day low at $108.27 to a day high of $109.75. The price has risen in 6 of the last 10 days and is up by 2.01% over the past 2 weeks. Volume fell in the last day by -126 577 shares, and in total, 906 771 shares bought and sold for approximately $99.25 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.
- 30 day high of the YUM stock price was $110.24 and low was $98.95.
- 90 day high was $110.24 and low was $98.19.
- 52 week high for the Yum! Brands Inc - $110.24 and low - $77.09.
Yum! Brands Inc lies in the upper part of a weak 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 $110.18 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 8.12% during the next 3 months and, with 90% probability hold a price between $109.87 and $119.13 at the end of this period.
Yum! Brands 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 $108.94 and $103.81. A break down below any of these levels will issue sell signals. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Friday June 14, 2019, which indicates further falls until a new bottom pivot has been found.
* 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.
Relative Strength Index (RSI)
The stock holds a RSI14 at 80 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $102.35 and $99.80.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Yum! Brands Inc finds support just below today's level at $102.35. If this is broken, then the next support from accumulated volume will be at $99.80 and $98.57.
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 $1.48 (1.37%) between high and low. For the last week, the stock has had a daily average volatility of 1.10%.
The stock is overbought on RSI14 and the RSI has been falling for the last couple of days. This together with the fact that the stock is in the upper part of the trend poses a possible good selling opportunity for the short-term trader. However, one should note that some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stoploss: $105.70 (-3.43%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 80 and this increases the risk substantially. There is a sell signal from pivot top found 3 days ago.)
1.10 %Average volatility
Very Low Low Medium High Very High
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.
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|YUM $109.45 ($0.74 0.68%)|
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