YELP INC (YELP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:YELP - US9858171054 - Common Stock
Overall YELP gets a technical rating of 0 out of 10. YELP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, YELP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 30.58. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 29.28, a Stop Loss order could be placed below this zone.
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28.74
When analyzing the support we notice one important area.
- A support zone ranging from 29.03 to 29.28. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 30.58 to 31.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 33.05 to 33.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 33.83 to 33.84. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @36.20 from a trend line in the weekly time frame.
- Resistance @40.82 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for YELP is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for YELP is neutral. |
| ChartMill Relative Strength | 18.74 | NEGATIVE | YELP has a low relative strength, it was outperformed by 81.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of YELP is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of YELP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of YELP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.36 | NEUTRAL | The RSI value for YELP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests YELP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.09 | OVERBOUGHT | The high Stochastics value suggests YELP may be overbought. |
| Average True Range in percent/ATR (20) | 3.39 | MEDIUM VOLATILITY | The ATR as a percentage value for YELP suggests some volalility. |
| Average Directional Index/ADX (14) | 24.72 | NEUTRAL | The ADX value for YELP suggests a possible start of a new trend. |
29.68
-0.29 (-0.97%)
YELP INC / YELP FAQ
Can you provide the ChartMill technical rating for YELP INC?
ChartMill assigns a technical rating of 0 / 10 to YELP.
What is the current trend direction of YELP INC (YELP) stock?
The current trend direction for YELP INC (YELP) is Bearish.
What is the RSI signal for YELP INC (YELP) stock?
YELP INC (YELP) has an RSI value of 48.3557. This indicates that the stock is currently neutral.
What is the MACD signal for YELP INC (YELP) stock?
The MACD indicator for YELP INC (YELP) has a value of 0.238677, indicating a bearish trend.
What is the short term momentum for YELP stock?
The short term momentum for YELP INC (YELP) is neutral.