Yum! Brands retained a record high value of $140.93, then dropped 35 cents and closed at Friday. This comes following 's session in which it closed at $139.8.
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. Momentum evaluation shows that the Relative Strength Index indicates Yum! Brands is currently 'overbought' which suggests new gains will be harder to obtain. Asset volatility analysis shows that Bollinger Band® analysis indicates that current price action is approaching the upper band at $142.23, thereby suggesting that Yum! Brands is becoming overvalued. Technical analysis of Yum! Brands's past price action reveals multiple support and resistance levels: Yum! Brands could be slowing down soon as it approaches resistance at $141.28. Of course, crossing it might suggest further gains are ahead.
Overall, while Yum! Brands has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
This rally in Yum! Brands's share price coincided with other consumer discretionary stocks as Walt Disney traded at $102.5 after closing Friday's trading day at $99.93 (up 2.57%). Home Depot traded at $300.54 after closing Friday's trading day at $293.93 (up 2.25%).
While Yum! Brands was bullish Friday, the following consumer discretionary stocks underperformed: Amazon falls 3.98% Friday to close at $109.82.
Also worthy of note, United States ISM Manufacturing PMI (Apr) will be released tomorrow at 14:00 UTC.
The stock has been trending positively for about a month. Yum, a fast food corporation operating the KFC, Pizza Hut and Taco Bell brands, is now trading 0.55% below the significant high of $140.58 it set around 2 days ago.