Tag: Pepsico

Pepsico Inc. Stock Code PEP.NAS

Outlook

Price broke above the cloud in the previous trading session and could be heading towards the previous high at $175.81 in the next 1-2 weeks. Price has also broken above an Ichimoku V-shaped structure, hinting at a bullish price trend as well. Conversion and Base lines had a bullish crossover earlier, hinting at a bullish price trend. Lagging Span is above price of 26 days ago but is inside the cloud. MACD is bullish and is hinting at a bullish price trend. We think price is likely to move higher to the previous high at $175.81 in the next 1-2 weeks.

Strategy                  

$169.70              Buy

$175.80              Price Target

$165.80              Risk Management Stop

2 weeks              Trade Duration

Pepsico Inc. Stock Code PEP.NAS

Outlook
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.

Strategy                  
$139.60              SELL
$131.70              Price Target
$142.90              Risk Management Stop
3 weeks              Trade Duration