Yum China Holdings Inc Stock Forecast
Yum China Holdings Inc stock downgraded to Hold/Accumulate
(Updated on Apr 23, 2024)
The Yum China Holdings Inc stock price gained 3.04% on the last trading day (Tuesday, 23rd Apr 2024), rising from $37.23 to $38.36. During the last trading day the stock fluctuated 2.99% from a day low at $37.42 to a day high of $38.54. The price has fallen in 6 of the last 10 days and is down by -1.99% for this period. Volume fell on the last day by -48 thousand shares and in total, 2 million shares were bought and sold for approximately $89.40 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Yum China Holdings Inc stock with a 90% probability to be traded between $37.10 and $44.14 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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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 4.01%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it 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. The Yum China Holdings Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $39.44. On a fall, the stock will find some support from the short-term average at $37.35. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Yum China Holdings Inc stock
Yum China Holdings Inc finds support from accumulated volume at $38.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.12 between high and low, or 2.99%. For the last week, the stock has had daily average volatility of 2.06%.
Our recommended stop-loss: $36.68 (-4.38%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (YUMC) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Yum China Holdings Inc to open at $38.11, and during the day (based on 14 day Average True Range), to move between $37.35 and $39.37, which gives a possible trading interval of +/-$1.01 (+/-2.63%) 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 5.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $38.10 (0.68%) than the resistance at $40.39 (5.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Yum China Holdings Inc will release earnings AMC on Monday, April 29, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.650. We will update the financials statements for Yum China Holdings Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.73% in the first trading day after earnings release.
Is Yum China Holdings Inc stock A Buy?
Yum China Holdings 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 Buy to a Hold/Accumulate candidate.
Current score: 0.792 Hold/Accumulate Downgraded
Predicted Opening Price for Yum China Holdings Inc of Wednesday, April 24, 2024
Fair opening price April 24, 2024 | Current price |
---|---|
$38.11 ( 0.660%) | $38.36 |
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 | 39.23 | 2.26 % | |
R2 | 38.80 | 1.14 % | ||
R1 | 38.53 | 0.455 % | ||
Current price: | 38.36 | |||
Support | S1 | 37.68 | -1.78 % | |
S2 | 37.41 | -2.46 % | ||
S3 | 36.99 | -3.58 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 43.75 | 14.05 % | |
R2 | 41.10 | 7.14 % | ||
R1 | 40.39 | 5.29 % | ||
Current price | 38.36 | |||
Support | S1 | 38.10 | -0.678% | |
S2 | 37.44 | -2.40% | ||
S3 | 37.09 | -3.31% |
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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