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Pepsico

PEPSICO August 1st, 2023Based on the weekly chart analysis, Pepsico Inc. ( NASDAQ:PEP ) has been on an overall uptrend, with rising prices supported by observations from the stochastic oscillator. The price has formed a rising wedge pattern. However, it is essential to note that the price has already breakout of the resistance area within the rising wedge pattern, but there is still a tolerance level until the price breaches the macro resistance marked by the dotted line. Currently, the price is trending downwards, which is supported by the presence of an evening star candlestick pattern. An evening star pattern consists of three candles: a large bullish candle, followed by a smaller indecisive candle, and finally a large bearish candle (need confirmation on closing price this week). This pattern suggests a possible reversal in the ongoing uptrend. The stochastic 5,3,3 oscillator has shown a crossing in the overbought area. Looking historically, a similar occurrence in the past has resulted in bearish price movements until the stochastic reaches the oversold area. This implies a potential bearish trend in the coming days or weeks. The downside target is approximately 180.37. That the price is expected to decline towards this level before potentially finding support or stabilizing. Traders may use the oversold stochastic condition as a signal to take profits or consider buying opportunities, as historically, such conditions have led to an increase in price after the oversold level is reached. Overall market conditions and any significant news related to the company could influence the price movement. After reaching the downside target, there is a possibility that the price may start increasing again, but further analysis will be required at that point to assess the potential direction.
NASDAQ:PEP
by DNP-FX
2
PEPSICO Testing Lower Highs. Strong buy if broken.Pepsico Inc (PEP) has been trading within a Channel Up pattern for more than 1 year. Currently it has been rejected on the internal Lower Highs trend-line from the May 15 High. As you can see within this Channel Up, every time the price tested such Lower Highs (3 occasions), it had an initial rejection (twice to the 1D MA50 (blue trend-line)) and then broke out. On all occasions, it hit the dotted Higher Highs trend-line, just below the top of the Channel Up. The 1D RSI is on a similar pattern with all those past fractals. As a result, we will be ready to buy after it breaks above the Lower Highs and target the dotted trend-line at 200.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:PEP
by TradingShot
5
PepsiCo: Thirst for More 🥤PepsiCo is thirsty for more, heading upwards and striving for the green zone between $195.83 and $212.31 purposefully. Soon, the share should reach its goal and complete wave (I) in white. Afterwards, it should rebound from the upper edge of our pink trend channel and start an extended downwards movement, leaving the pink trend channel on the southern side and dropping below the support at $155.11. There is a 34% chance, though, that PepsiCo might finish wave alt.3 in green in the green zone instead and stop the descent above the support at $155.11. In that case, it should conclude wave alt.4 in green at this level and turn upwards earlier already.
NASDAQ:PEP
by MarketIntel
PEP PepsiCo Options Ahead Of EarningsIf you haven`t bought PEP here: Then analyzing the options chain of PEP PepsiCo prior to the earnings report this week, I would consider purchasing the 185usd strike price Calls with an expiration date of 2023-5-19 for a premium of approximately $3.60. If these options prove to be profitable prior to the earnings release, I would sell at least half of them, I expect a retracement afterwards. I am interested to hear your thoughts on this strategy.
NASDAQ:PEPLong
by TopgOptions
2
PEP - BULLISH SCENARIOPepsiCo reported revenues of $28 billion in the last reported quarter, representing a year-over-year change of +10.9%. EPS of $1.67 for the same period compares with $1.53 a year ago. The strength centered on the Frito-Lay North America business grew by 25%. The uptrend remains strong, and the price is heading to the upper part of the channel, the $ 195 resistance level Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NASDAQ:PEPLong
by legacyFXofficial
$PEP Pepsi: RSI Suggests We Go to ATHPepsi has key earnings this week which should receive a nice tailwind from it's RSI setup. The 100 session RSI on large timeframes indicate the stock is highly oversold relative to usual times. Historically, such levels on the RSI produce a 15% rally in the following three months. furthermore we are trading at the bottom of a channel, giving me further confidence in a long to retest the highs of the channel. yellow dotted lines: Key volume support white dotted lines: Key technical support blue lines: channel
NASDAQ:PEPLong
by zimeaBlue
Pro Traders Take Profits on EarningsWhat happened today on the earnings announcement by PEP? Pro traders took profits against the retail crowd's buying on the news headlines that suggested an earnings "beat" for Q2. The retail buying causes the gap up at open, which is a prime cue to take profits on swing trades. This was what we call a pre-earnings run. The earnings results don't matter as much as the technical setup a few weeks ahead of the earnings release. Swing trades were initiated at the reversal from the support at 155, confirmed by price and volume patterns at that time. Now, with resistance overhead, where the initial target for this earnings play was, and the retail crowd causing a gap up at open on the earnings announcement, this is where professional short-term traders close long positions. This should not be construed as a good opportunity to short swing-style, however. It is an example of the execution of a long swing-style earnings strategy. This is an example of TechniTrader's Relational Technical Analysis techniques for planning better trades.
NASDAQ:PEPEducation
by MarthaStokesCMT-TechniTrader
2
PEPSICO - LONG TERM BULLISH SCENARIOThe food and beverage giant has had a good year so far. Raising sales forecast, better-than-expected first-quarter results and increased dividend helped PepsiCo to outperform the S&P 500. Although the good results some of the top analysts on Wall Street have mixed expectations for the company ahead of the earnings report today. The estimated earnings per share are $1.74 on revenue of $19.51 billion. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NASDAQ:PEPLong
by legacyFXofficial