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April 12, 2023
After ending yesterday at $131.57, Yum! Brands went up to $132.77 only to drop back, yet still traded well overall and closed at $132 today.
- Yum! Brands is currently trading at $132 following the release of FOMC Meeting Minutes data from the United States.
- Positive signs: after 6 days of being mostly flat, Yum! Brands closed 0.33% higher today.
Highly important Crude Oil Inventories data from United States beat analyst expectations of -583,000 with a reading of 597,000. United States Consumer Price Index released today at 12:30 UTC with a figure of 0.1%, while the previous figure was 0.4%.
Yum! Brands Inc broke through the $132.23 resistance and climbed 23 cents above it. Yum! Brands's upper Bollinger Band® is at $133.63, this is a slight indication of a slowdown.
Overall, looking at the technical analysis landscape, it seems Yum! Brands is likely to reverse course and start pointing down in the short term.
United States Producer Price Index is projected to outperform its last figure with 0.1%. It previously stood at -0.1%; data will be released tomorrow at 12:30 UTC. Tomorrow at 12:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 232,000 from the preceding figure of 228,000.
Alibaba went down to $93.86, losing 5.91% after it closed at $99.76 today. Walt Disney went down to $97.97, losing 2.44% after it closed at $100.42 today. Amazon falls 2.09% today to close at $99.92.
The stock has been trending positively for about a month. Over the past 9 days, the US fast food company has retreated 1.23% from a noteworthy peak of $133.21.
