Yum China Holdings Inc Stock Forecast
Yum China Holdings Inc stock downgraded to Hold/Accumulate
(Updated on Apr 19, 2024)
The Yum China Holdings Inc stock price fell by -0.322% on the last day (Friday, 19th Apr 2024) from $37.22 to $37.10. During the last trading day the stock fluctuated 1.94% from a day low at $36.65 to a day high of $37.36. The price has fallen in 7 of the last 10 days and is down by -4.06% for this period. 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 -75 thousand shares and in total, 3 million shares were bought and sold for approximately $101.04 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $36.92 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.07% during the next 3 months and, with a 90% probability hold a price between $38.06 and $45.89 at the end of this 3-month period.
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YUMC Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.597%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Yum China Holdings Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $37.40 and $39.70. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Yum China Holdings Inc stock
Yum China Holdings Inc finds support from accumulated volume at $37.09 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.710 (1.94%) between high and low. For the last week, the stock has had daily average volatility of 1.95%.
Our recommended stop-loss: $34.77 (-6.29%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (YUMC) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Yum China Holdings Inc to open at $37.04, and during the day (based on 14 day Average True Range), to move between $36.09 and $38.11, which gives a possible trading interval of +/-$1.01 (+/-2.73%) 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 5.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $37.09 (0.03%) than the resistance at $38.10 (2.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Yum China Holdings Inc stock A Buy?
Yum China Holdings Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: -0.836 Hold/Accumulate Downgraded
Predicted Opening Price for Yum China Holdings Inc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $37.04 ( 0.171%) | $37.10 |
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 | 37.75 | 1.74 % | |
| R2 | 37.48 | 1.01 % | ||
| R1 | 37.31 | 0.560 % | ||
| Current price: | 37.10 | |||
| Support | S1 | 36.77 | -0.90 % | |
| S2 | 36.60 | -1.35 % | ||
| S3 | 36.33 | -2.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.10 | 10.78 % | |
| R2 | 40.39 | 8.87 % | ||
| R1 | 38.10 | 2.70 % | ||
| Current price | 37.10 | |||
| Support | S1 | 37.09 | -0.0270% | |
| S2 | 35.96 | -3.07% | ||
| S3 | 35.93 | -3.15% |
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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