YELP INC. - Daily - Technical analysis published on 01/21/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 34.44 USD
My targets
38.21 USD (+4.66%)
40.93 USD (+12.11%)
My analysis
The bullish trend is currently very strong on YELP INC.. As long as the price remains above the support at 34.44 USD, you could try to benefit from the boom. The first bullish objective is located at 38.21 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 40.93 USD as an objective. Crossing it would then enable buyers to target 47.75 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The YELP INC. price is 36.51 USD. The price is lower by -1.96% since the last closing and was traded between 36.42 USD and 37.42 USD over the period. The price is currently at +0.25% from its lowest and -2.43% from its highest.36.42
37.42
36.51
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by YELP INC.:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this YELP INC. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 31.77 | 34.44 | 36.04 | 36.51 | 38.21 | 40.93 | 47.75 |
| Change (%) | -12.98% | -5.67% | -1.29% | - | +4.66% | +12.11% | +30.79% |
| Change | -4.74 | -2.07 | -0.47 | - | +1.70 | +4.42 | +11.24 |
| Level | Minor | Minor | Major | - | Intermediate | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36.17 | 36.49 | 36.86 | 37.18 | 37.55 | 37.87 | 38.24 |
| Camarilla | 37.05 | 37.11 | 37.18 | 37.24 | 37.30 | 37.37 | 37.43 |
| Woodie | 36.21 | 36.50 | 36.90 | 37.19 | 37.59 | 37.88 | 38.28 |
| Fibonacci | 36.49 | 36.75 | 36.91 | 37.18 | 37.44 | 37.60 | 37.87 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.19 | 33.11 | 34.19 | 35.11 | 36.19 | 37.11 | 38.19 |
| Camarilla | 34.73 | 34.91 | 35.10 | 35.28 | 35.46 | 35.65 | 35.83 |
| Woodie | 32.28 | 33.15 | 34.28 | 35.15 | 36.28 | 37.15 | 38.28 |
| Fibonacci | 33.11 | 33.87 | 34.34 | 35.11 | 35.87 | 36.34 | 37.11 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.61 | 31.58 | 33.20 | 34.17 | 35.79 | 36.76 | 38.38 |
| Camarilla | 34.12 | 34.36 | 34.59 | 34.83 | 35.07 | 35.31 | 35.54 |
| Woodie | 30.95 | 31.74 | 33.54 | 34.33 | 36.13 | 36.92 | 38.72 |
| Fibonacci | 31.58 | 32.57 | 33.18 | 34.17 | 35.16 | 35.77 | 36.76 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 63.21 | |
| MACD (12,26,9): | 0.6900 | |
| Directional Movement: | 15.78 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 36.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 35.90 | |
| Elder Ray (13): | 1.10 | |
| Super Trend (3,10): | 34.76 | |
| Zig ZAG (10): | 36.51 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 85.09 | |
| TEMA (21): | 36.73 | |
| Williams %R (14): | -28.24 | |
| Chande Momentum Oscillator (20): | 1.68 | |
| Repulse (5,40,3): | -0.9600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1900 | |
| Courbe Coppock: | 10.81 |
| MA7: | 36.28 | |
| MA20: | 35.17 | |
| MA50: | 34.51 | |
| MA100: | 34.34 | |
| MAexp7: | 36.34 | |
| MAexp20: | 35.43 | |
| MAexp50: | 34.76 | |
| MAexp100: | 34.50 | |
| Price / MA7: | +0.63% | |
| Price / MA20: | +3.81% | |
| Price / MA50: | +5.80% | |
| Price / MA100: | +6.32% | |
| Price / MAexp7: | +0.47% | |
| Price / MAexp20: | +3.05% | |
| Price / MAexp50: | +5.03% | |
| Price / MAexp100: | +5.83% |
News
The last news published on YELP INC. at the time of the generation of this analysis was as follows:
- Yelp Economic Average Finds California’s Urban Centers are Declining
- Yelp Announces New Restaurant Solutions To Better Reach Diners and Save Consumers Time
- Small Business Owners Can Now Easily Create and Claim their Yelp Listing within GoDaddy's GoCentral Platform
- Yelp Reports First Quarter 2019 Financial Results
- Northeast Business Group on Health and Yelp Announce Partnership to Display Maternity Care Measures for New York City and Long Island Hospitals
This member declared not having a position on this financial instrument or a related financial instrument.
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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