Pepsico Inc. Stock Code PEP.NAS
Recently, price dropped the cloud and last Friday, price closed below the cloud, which could be a sign of a possible bearish trend. Conversion line and Base lines had a bearish crossover, hinting of a bearish trend. Lagging Span is below price of 26 days ago but is above the cloud at the moment. MACD is bearish and is moving lower after a bearish crossover was seen earlier. We think price could be heading lower to test the support zone at $129.30 to $131.70.
$131.70 Price Target
$142.90 Risk Management Stop
3 weeks Trade Duration