The Hourly View for Pepsi
- At the time of this writing, PEP’s price is down $-0.04 (-0.02%) from the hour prior.
- This is a reversal of the price action on the previous hour, in which price moved up.
- Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
- Price action traders may also wish to note that we see a pin bar candlestick pattern on Pepsi. Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
- The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
Pepsi’s hourly price chart is shown below.
The Daily View for Pepsi
- At the time of this writing, PEP’s price is up $1.17 (0.75%) from the day prior.
- Pepsi has seen its price go up 12 out of the past 14 days, thus creating some compelling opportunities for bulls.
- If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe.
- The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
Below is a daily price chart of Pepsi.
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