Yum China Holdings Inc Stock Forecast
Yum China Holdings Inc stock upgraded from Sell Candidate to Buy Candidate after Thursday trading session.
(Updated on Apr 18, 2024)
The Yum China Holdings Inc stock price gained 0.92% on the last trading day (Thursday, 18th Apr 2024), rising from $36.88 to $37.22. During the last trading day the stock fluctuated 1.83% from a day low at $36.58 to a day high of $37.25. The price has fallen in 7 of the last 10 days and is down by -5.63% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 617 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $104.14 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 $36.91 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 4.47% during the next 3 months and, with a 90% probability hold a price between $38.56 and $46.84 at the end of this 3-month period.
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YUMC Signals & Forecast
There are mixed signals in the stock today. 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 $37.62 and $39.87. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.92%. 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 $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 $0.670 (1.83%) between high and low. For the last week, the stock has had daily average volatility of 2.09%.
Our recommended stop-loss: $34.97 (-6.05%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (YUMC) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Yum China Holdings Inc to open at $37.02, and during the day (based on 14 day Average True Range), to move between $36.19 and $38.25, which gives a possible trading interval of +/-$1.03 (+/-2.78%) 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 5.56% 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 (0.35%) than the resistance at $38.10 (2.36%), 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?
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 Yum China Holdings Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.905 Buy Candidate Upgraded
Predicted Opening Price for Yum China Holdings Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $37.02 ( 0.546%) | $37.22 |
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 | 37.69 | 1.25 % | |
| R2 | 37.43 | 0.566 % | ||
| R1 | 37.27 | 0.141 % | ||
| Current price: | 37.22 | |||
| Support | S1 | 36.76 | -1.23 % | |
| S2 | 36.60 | -1.66 % | ||
| S3 | 36.35 | -2.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.10 | 10.42 % | |
| R2 | 40.39 | 8.52 % | ||
| R1 | 38.10 | 2.36 % | ||
| Current price | 37.22 | |||
| Support | S1 | 37.09 | -0.349% | |
| S2 | 35.96 | -3.39% | ||
| S3 | 35.93 | -3.47% |
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% |
FAQ
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