(YELP) Investment Analysis

October 30, 2024, 13:56 pm ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for YELP

• Buy YELP near 32.55 target 35.05 stop loss @ 32.46 Details

The technical summary data tells us to buy YELP near 32.55 with an upside target of 35.05. This data also tells us to set a stop loss @ 32.46 to protect against excessive loss in case the stock begins to move against the trade. 32.55 is the first level of support below 34.75 , and by rule, any test of support is a buy signal. In this case, support 32.55 is being tested, a buy signal would exist.

• Short YELP slightly under 35.05, target 32.55, stop loss @ 35.15 Details

The technical summary data is suggesting a short of YELP as it gets near 35.05 with a downside target of 32.55. We should have a stop loss in place at 35.15though. 35.05 is the first level of resistance above 34.75, and by rule, any test of resistance is a short signal. In this case, if resistance 35.05 is being tested, a short signal would exist.

Swing Trading Plans for YELP

• Buy YELP slightly over 35.05, target n/a, Stop Loss @ 34.95 Details

If 35.05 begins to break higher, the technical summary data tells us to buy YELP just slightly over 35.05, with an upside target of n/a. The data also tells us to set a stop loss @ 34.95 in case the stock turns against the trade. 35.05 is the first level of resistance above 34.75, and by rule, any break above resistance is a buy signal. In this case, 35.05, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short YELP slightly near 35.05, target 34.26, Stop Loss @ 35.15. Details

The technical summary data is suggesting a short of YELP if it tests 35.05 with a downside target of 34.26. We should have a stop loss in place at 35.15 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 35.05, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for YELP

• Buy YELP slightly over 35.05, target n/a, Stop Loss @ 34.97 Details

If 35.05 begins to break higher, the technical summary data tells us to buy YELP just slightly over 35.05, with an upside target of n/a. The data also tells us to set a stop loss @ 34.97 in case the stock turns against the trade. 35.05 is the first level of resistance above 34.75, and by rule, any break above resistance is a buy signal. In this case, 35.05, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short YELP slightly near 35.05, target 34.66, Stop Loss @ 35.13. Details

The technical summary data is suggesting a short of YELP if it tests 35.05 with a downside target of 34.66. We should have a stop loss in place at 35.13 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 35.05, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Yelp Inc. (YELP) available here: YELP.

YELP Ratings for October 30:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Weak
P1	0	0	30.06
P2	34.3	33.28	32.55
P3	34.66	34.26	35.05

AI Generated Signals for YELP

Real Time Updates for Repeat Institutional Readers:

• Factset: Request User/Pass
• Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

Instructions:

• Click the Get Real Time Updates button below.

• In the login prompt, select forgot username

• Type the email you use for Factset

• Use the user/pass you receive to login

• You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

Market Crash Leading Indicator

Our Market Crash Leading Indicator isEvitar Corte.

• Evitar Corte warned of market crash risk four times since 2000.

• It identified the Internet Debacle before it happened.

• It identified the Credit Crisis before it happened.

• It identified the Corona Crash too.

• See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change:Take a Trial

With an objective approach to Yelp Inc. (NASDAQ: YELP), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for YELP change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if YELP is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for YELP too.  All of these are offered below the Summary Table.