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Archive - 3/15/2024 - Sign In to see current Signals. |
PepsiCo Inc. (PEP) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a first positive week for the PepsiCo Inc. (PEP). During the week, the PEP climbed 1.61 points, or 0.99%, and closed at 164.66 on Friday, March 15, 2024. Weekly volume was 71% above average. Long-term trend: [See PEP long-term trend chart] A long-term downtrend had started on May 15, 2023 at 196.88 and reached 155.83 on October 6, 2023. PEP lost 41.05 points, or 20.85%, in 20 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level. Medium-term trend: [See PEP medium-term trend chart] A medium-term uptrend had started on October 6, 2023 at 155.83 and reached 175.20 on January 3, 2024. PEP gained -19.37 points, or -12.43%, in 12 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (168.68) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend. Weekly Technical Indicators: [See PEP weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is above its signal line since December 8, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help. Short-term trend: [See PEP short-term trend chart] A short-term downtrend had started on February 8, 2024 at 174.10 and reached 161.81 on March 5, 2024. PEP lost 12.29 points, or 7.06%, in 26 days. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (164.79). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend. Daily Technical Indicators: [See PEP daily technical indicators chart] Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help. During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal. During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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