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Archive
- 11/22/2024 -
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PepsiCo Inc. (PEP) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week after 4 consecutive negative weeks for the PepsiCo Inc. (PEP). During the week, the PEP gained 3.40 points, or 2.14%, and closed at 162.00 on Friday, November 22, 2024. Weekly volume was 19% above average.
PEP is a member of Consumer Staples Sector. Consumer Staples is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 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. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 159.13 and resistance is at 176.67. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.
 Medium-term trend: [See PEP medium-term trend chart]
A medium-term downtrend had started on August 5, 2024 at 180.91 and reached 155.90 on November 19, 2024. PEP lost 25.01 points, or 13.82%, in 15 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (163.64) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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.
The weekly MACD line is below its signal line since October 25, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 October 21, 2024 at 177.50 and reached 155.90 on November 19, 2024. PEP lost 21.60 points, or 12.17%, in 29 days. The price is now at the 28.24% retracement level.
 Daily Technical Indicators: [See PEP daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since October 24, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
A Parabolic SAR (stop and reversal) indicator (163.26) comes close to the price (162.00). It indicates that the trend is getting weaker. 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.
 Candlestick pattern: [See PEP candlestick chart pattern]
On Friday the chart has formed a Bearish Deliberation Candlestick pattern. This pattern occurs in an uptrend;it appears after a sustained upward move and suggests that the rally is losing strength and a reversal is possible. The reliability of the Bearish Deliberation pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Deliberation Candlestick pattern during the last week.
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