Resistance

Time

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>PepsiCo’s stock price took a reversal from $175.20.</a> </li> 
 <li> <span>2</span> <a>PepsiCo’s stock (NASDAQ: PEP) price was $178.12 with a drop of 1.38% in the last 24 hours.</a> </li> 
 <li> <span>3</span> <a>PEP has a current market cap of $245.197 Billion.</a> </li> 
</ul> 
<p>PepsiCo stock reached a high of $1906.50 in May 2023, and from then it has been heading downward by obtaining lower low patterns. Presently the stock is trading in a downward channel however, it is taking a reversal from the level of $175.48 by making a power green candle in the previous trading session.</p> 
<p>In the last trading session, PEP share price opened at $177.25 with a high of 178.28 and closed at $178.12 with a low of 176.37. The total change was 1.38% with a total volume of 4.043 Million.</p> 
<p>Moreover, the key moving averages including 20, 50, 100, and 200 are hurdles for the PEP share recovery. If a share wants to bounce back from the current levels, then it has to surpass these key moving averages which also reverse the investors’ and traders’ sentiments in the share price. However, if this could happen it would result in a price surge.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-pepsico-stock-price-in-1-d-timeframe-strong"><strong>Technical Analysis of Pepsico Stock Price in 1-D Timeframe</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/g3PloyGTmPbhoWiIUqI__sNvXfwPyHoNf8WujRa5LtsePdsj-0VSQ0P7sPH28W7WYjHvFrXcTvTW6JdGYPulPjNThoblgqViBEAk_VC33wSFjkaKM8TngCiPv6f-ZCKfnsb5c4pCJ7ldfv6pCsl757w" alt="PepsiCo Stock Prediction: Is This the Right Time To Buy PEP?"> 
  <figcaption class="wp-element-caption">
    Source: PepsiCo .1D.NASDAQ by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>On the daily charts, PepsiCo stock shows sellers’ dominance in recent times and slipped below neutrality, showing a negative outlook on the charts. Moreover, the price dropped below key moving averages which act as future resistance for the stock price. If bulls want to make a comeback, they will have to rise and sustain the price above the 20-day EMA. However, the sellers seem to be more aggressive.</p> 
<p>The price of Pepsi is currently at a crossroads. It could go up to $192.42 and $197.38 if it can maintain the current level. However, if the price falls, it might hit the closest support levels of $182.46 and $177.45.</p> 
<p>PEP price is currently trading near the support levels. If selling pressure increases, the price could break through these levels and move lower. This would be a bearish signal, as it would suggest that the trend is reversing.</p> 
<p>The current value of RSI is 36.45 points. The 14 SMA is above the median line at 38.62 points which indicates that the Pepsico stock is bearish.</p> 
<p>The MACD line at -2.51 and the signal line at -1.62 are below the zero line. A bearish crossover is observed in the MACD indicator.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/08/24/nike-inc-nke-stock-facing-biggest-losing-streak-since-1980/" rel="noopener noreferrer nofollow">PepsiCo stock price prediction </a>signals mild bearishness in the chart. The sellers are dominating on the higher levels. PepsiCo (NASDAQ: PEP) technical oscillators also support the bearish trend. The MACD, RSI, and EMA are emphasizing negative signs and imply that the downtrend may continue in the PEP stock price. PepsiCo’s Price action suggests that the investors and traders are bearish on the 1-D time frame. Technical analysis suggests that the Pepsico stock price is in a bearish grip and the probability of testing the previous highs in the coming months remains low.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support Levels:</strong> Nearest support levels are $182.46 and $177.45.</li> 
 <li><strong>Resistance Levels:</strong> Nearest resistance levels are $192.42 and $197.38.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The analysis provided in this article is for informational and educational purposes only. Do not rely on this information as financial, investment, or trading advice. Investing and trading in stock involves risk. Please assess your situation and risk tolerance before making any investment decisions.</p>

PepsiCo Stock Prediction: Is This the Right Time To Buy PEP?

Table of Contents

Thecoinrepublic.com

Other articles published on Aug 24, 2023

Tornado Cash Co-Founder Arrested in U.S

UK Plans To Ban Crypto Cold Calls, Seeks Public Opinion For Evaluation On Businesses

Shiba Inu Investors Struggle as Just 16% Remain Profitable

UK Debates Banning Cold Calls for Crypto Amid Rising Fraud Concerns

US SEC charges former police lieutenant over a crypto scam

ApeMax Price Prediction: As Presale Skyrockets, Is This the Meme Coin Set to Dominate the Crypto ...

Join our free newsletter for daily crypto updates!