Yum! Brands Inc Stock Forecast
Yum! Brands Inc stock downgraded from Strong Buy Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Apr 25, 2024)
The Yum! Brands Inc stock price fell by -0.176% on the last day (Thursday, 25th Apr 2024) from $141.81 to $141.56. During the last trading day the stock fluctuated 1.27% from a day low at $140.39 to a day high of $142.17. The price has risen in 6 of the last 10 days and is up by 2.33% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -52 thousand shares and in total, 2 million shares were bought and sold for approximately $233.81 million.
The stock lies in the upper part of a weak rising trend in the short term, and this may 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 $141.96 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 7.06% during the next 3 months and, with a 90% probability hold a price between $144.30 and $151.98 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. Also, 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 $139.53 and $138.08. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Wednesday, April 24, 2024, and so far it has fallen -0.176%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. 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 $1.79 between high and low, or 1.27%. For the last week the stock has had daily average volatility of 1.32%.
The Yum! Brands Inc stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but 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 stop-loss: $136.62 (-3.49%) (This stock has low daily movements and this gives low risk. The RSI14 is 79 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (YUM) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Yum! Brands Inc to open at $141.37, and during the day (based on 14 day Average True Range), to move between $139.65 and $143.47, which gives a possible trading interval of +/-$1.91 (+/-1.35%) up or down from last closing price. If Yum! Brands Inc takes out the full calculated possible swing range there will be an estimated 2.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $141.81 (0.18%) than the support at $136.84 (3.33%), 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.
Earnings coming up
Yum! Brands Inc will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.20. We will update the financials statements for Yum! Brands Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.87% in the first trading day after earnings release.
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 Strong Buy to a Hold/Accumulate candidate.
Current score: 0.351 Hold/Accumulate Downgraded
Predicted Opening Price for Yum! Brands Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $141.37 ( 0.133%) | $141.56 |
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 | 143.16 | 1.13 % | |
| R2 | 142.47 | 0.646 % | ||
| R1 | 142.05 | 0.349 % | ||
| Current price: | 141.56 | |||
| Support | S1 | 140.69 | -0.615 % | |
| S2 | 140.27 | -0.91 % | ||
| S3 | 139.59 | -1.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 141.81 | 0.177 % | ||
| Current price | 141.56 | |||
| Support | S1 | 136.84 | -3.33% | |
| S2 | 135.40 | -4.35% | ||
| S3 | 129.64 | -8.42% |
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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