YELP Technical Analysis - YELP INC

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to YELP. 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.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.

83% of all other stocks performed better in the past year than YELP.

YELP is part of the Interactive Media & Services industry. There are 69 other stocks in this industry, of which 69% are performing better than YELP.

YELP is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month YELP has a been trading in a tight range between 30.87 and 32.35.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, YELP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 30.93, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

30.18

41.23

We found 1 important support area.

A support zone ranging from 30.48 to 30.93. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 5 important areas.

A resistance zone ranging from 31.57 to 31.83. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 32.45 to 32.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @35.27 from a horizontal line in the daily time frame.
Resistance @36.72 from a trend line in the weekly time frame.
A resistance zone ranging from 40.61 to 40.82. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

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	17.3	NEGATIVE	YELP has a low relative strength, it was outperformed by 82.7% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of YELP is below 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)	44.94	NEUTRAL	The RSI value for YELP is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.09	POSITIVE	The MACD value suggests YELP has a positive trend, although the MACD value is declining.
Stochastics (14,3)	54.17	NEUTRAL	The Stochastics value for YELP is a neutral value.
Average True Range in percent/ATR (20)	1.91	LOW VOLATILITY	The low ATR as a percentage value for YELP suggests low volalility.
Average Directional Index/ADX (14)	13.07	NEGATIVE	The low ADX value for YELP suggests a weak or negative trend.