Friday at a glance: Yum, a fast food corporation operating the KFC, Pizza Hut and Taco Bell brands, gained 0.48% and stayed at $126.53 levels.
Visual analysis of Yum! Brands's chart shows that although Yum! Brands Inc is appreciating today after rising as high as $127.5, price action is now slowing and consolidating around $1.03 below the $127.56 resistance level. Technical analysis trend indicators suggest that investors are seeking long positions as Yum! Brands price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Momentum evaluation shows that according to technical analysis of Yum! Brands's Relative Strength Index (RSI), the market is currently overbought. Asset volatility analysis shows that Yum! Brands's upper Bollinger Band® is at $127.93, this is a slight indication of a slowdown.
Overall, while Yum! Brands has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
A look at other consumer discretionary stocks also showed bullish price action as Home Depot traded at $326.38 after closing Friday's trading day at $321.51 (up 1.51%). Toyota gained 1.06%, as it traded at $148.27.
While Yum! Brands was bullish Friday, the following consumer discretionary stocks underperformed: Alibaba went down to $75.5, losing 3.82% after it closed at $78.5 Friday.
The stock has been trending positively for about a month. The US fast food company is now trading 19.65% above the significant low ($105.25) it slumped to a month ago.