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March 06, 2023
Yum! Brands has posted further gains as part of a 3 day trend that has already seen the stock gain $3.47. This session seems to remain in the same lane for now — after closing the previous trading day at $129.67, Yum! Brands is up to $130.04, which makes for a move of 0.29%/37 cents today.
Bollinger Band® analysis indicates that current price action is approaching the upper band at $133.5, thereby suggesting that Yum! Brands Inc is becoming overvalued.
Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates Yum! Brands is set for a reversal in the coming days.
This rally in Yum! Brands's share price coincides with other consumer discretionary stocks as Lowe's is up 1.46%. Starbucks is trading at $105.56 after ending Friday's session at $104.55 (up 0.97%).
Furthermore, the market is looking at United States Fed Chair Powell testimony set for tomorrow at 15:00 UTC. United States EIA Short-Term Energy Outlook is expected tomorrow at 17:00 UTC.
The stock has been trending positively for about 4 months. Yum! Brands hit a significant low of $105.25 around 4 months ago, but has since recovered 23.2%.
