Home
News
- 1 YUM stock noted a rebound and is close to the 100 day EMA.
- 2 YUM stock is gaining pace affecting the Q3 results.
YUM stock (NYSE: YUM) Yum! Brands, Inc. is a service restaurant company, which engages in the development, operation, franchise, and licenses of a system of restaurants. It operates through the following segments: KFC Division, Pizza Hut Division, Taco Bell Division, and Habit Burger Grill Division. The KFC Division segment consists of all operations of the KFC concept. The Pizza Hut Division segment operates the Pizza Hut concept. The company was founded in 1997 and is headquartered in Louisville, KY.
Will YUM Stock Surpass Neckline of $135?
On the daily charts, YUM stock rebounded from the support zone of $115 and is gaining momentum. YUM stock surpassed the 20 day and 50 day EMAs and is attempting to surpass the 100 day EMA barrier.
At press time, YUM stock price is trading at $126.34 with an intraday gain of 1.67%, highlighting neutrality. Moreover, the trading volume increased by 1.75 Million while the market cap is $35.402 Billion. However, analysts have maintained a buy rating with a yearly target price of $138.50, suggesting a growth outlook.
YUM Stock Price Prediction 2023
From the highs of $145, YUM stock corrected by 20% and retested the base near $110. The price action shows that YUM stock price is ready to surpass the 200 day EMA neckline.
Per the ongoing trend, YUM stock has the potential to reach the $150 mark by 2023. In case of a selloff comes and If slips below 20 day EMA, YUM stock will retest the demand zone of $110
YUM Stock Price Prediction 2024
On the monthly charts, YUM stock has supported the 50 day EMA and is trying to escape the resistance zone of $130. The RSI curve is near the midline indicating a neutral structure and is delivering equal interest of bulls and bears in the past sessions.
The MACD indicator shows a bearish crossover and red bars on the histogram signifying the higher low formation in the past sessions.
However, the trend shows that YUM stock has persisted in extending the gains. The technicals are suggesting that YUM stock is finding support near $100 and has the potential to reach a maximum of $170 by 2024.
On the contrary, in case of a breakdown, YUM stock will retest the base of $100 again.
YUM Stock Price Prediction 2025
On the 6 months chart, YUM stock rose and continued to accumulate gains. Furthermore, the long term view is a bullish outlook and stock was outperforming for the past years and is also giving decent returns to the investors amid the neutral market sentiments.
YUM stock is trading close to its 52 week high of $143.25. If the stock loses the gains and shrinks below the 20 day EMA, YUM stock will go toward the downside of $80.
Summary
YUM stock price is trading close to the 100 day EMA. Furthermore, the correction has ended and buyers are accumulating the stock and are looking to retest the 52 week highs soon. As per the fundamentals and valuations, YUM stock is a good long term pick.
Technical Levels
Support Levels: $120 and $110
Resistance Levels: $135 and $150
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
