Yum Brands Inc. Stock Code YUM.NYS
Price broke and closed below the cloud in the previous trading session, changing the chart outlook to bearish. An Ichimoku V-shaped reversal confirms the bearish price trend. Conversion and Base lines had a bearish crossover, hinting at a bearish price trend. Lagging Span is below price of 26 days ago but is inside the cloud. MACD has a bearish crossover, which is a hint of a bearish price trend ahead. We think price is likely to move to the next support level at $118.01 in the next 2-3 weeks.
$118.10 Price Target
$132.60 Risk Management Stop
3 weeks Trade Duration