Technical Analysis: Pullback in Yum Brands


Yum Brands had a strong rally in late 2022. Now after a pause, the restaurant company may interest pullback buyers.

The first pattern on today’s chart is $125.70, a daily closing high from last April. YUM hesitated below that level in November and then began the New Year by testing it. Prices are now holding the same zone again, which could suggest old resistance has become new support.

Second, the 50-day moving average …

For more, please click here to view the related idea and chart analysis on TradingView.

Yum Brands (YUM), daily chart with selected patterns and indicators, courtesy of TradingView.
Trade in milliseconds

Explore the most actively traded options

Trade 600+ futures products on an advanced platform