A quick look at yesterday: a mostly flat day so far for Yum, a fast food corporation operating the KFC, Pizza Hut and Taco Bell brands,, range-bound between $134.08 and $135.35 and currently at $134.88.
This uncertain state for Yum! Brands is reflected by published market data as data from United States concerning Core Retail Sales was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 0% to -0.8% this month. Highly important Retail Sales data from United States beat analyst expectations of -0.4% with a reading of -1%. United States CFTC S&P 500 speculative net positions released yesterday at 20:30 UTC with a figure of -307,600, while the previous figure was -321,500.
Concerning technical analysis and more specifically, trend indicators, investors are seeking long positions as Yum! Brands Inc price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Asset volatility analysis shows that Yum! Brands's upper Bollinger Band® is at $135.61, suggesting that a downward move may follow. Technical analysis of Yum! Brands's past price action reveals multiple support and resistance levels: Yum! Brands reversed direction at $134.19 support zone and climbed 69 cents above it.
Overall, while Yum! Brands has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
Meanwhile, mixed performances were seen by other consumer discretionary stocks as Toyota closed at $135.96 (down 0.93%). Alibaba closed at $94.55 (down 1.68%). Walt Disney went down to $99.9, losing 0.93% after it closed at $100.84 yesterday.
The stock has been trending positively for about a month. The US fast food company is now trading 0.16% below the significant high of $134.88 it set around a day ago.