Pepsi Snaps a 3 Day Up Streak

The Hourly View for Pepsi

  • At the moment, PEP’s price is down $-0.12 (-0.08%) from the hour prior.
  • It’s been a feast for bears operating on an hourly timeframe, as Pepsi has now gone down 8 of the past 10 hours.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
  • Of note is that the 20 hour changed directions on PEP; it is now pointing down. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Pepsi’s hourly price chart is shown below.

PEP

The Daily View for Pepsi

  • At the time of this writing, PEP’s price is down $-0.51 (-0.35%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • As for the trend on the daily timeframe, we see the clearest trend on the 100 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.

PEP

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