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May 28, 2023
A quick look at Friday: after ending Friday at $129.66, Yum, a fast food corporation operating the KFC, Pizza Hut and Taco Bell brands, recovers back to $129.86 after dipping down to $129.07 earlier today.
Technical analysis of Yum! Brands's past price action reveals multiple support and resistance levels: Yum! Brands Inc is climbing away and is now 90 cents from the $128.96 support line. Technical analysis trend indicators suggest that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. Asset volatility analysis shows that Yum! Brands's upper Bollinger Band® is at $143 and the lower is $128.96.
Overall, technical indicators suggest Yum! Brands has no obvious direction for the immediate future.
Meanwhile, mixed performances were seen by other consumer discretionary stocks as Amazon traded at $120.11 after closing Friday's trading day at $115 (up 4.44%). Tesla was up 4.72%. Lowe's gained 2.73%, as it traded at $206.52.
Having set a significant high of $142.9 26 days ago, Yum, a fast food corporation operating the KFC, Pizza Hut and Taco Bell brands, is trading 9.27% lower.
