Pepsi Snaps a 6 Day Up Streak

The Hourly View for Pepsi

  • At the moment, PEP’s price is down $-0.07 (-0.05%) from the hour prior.
  • It’s been a feast for bears operating on an hourly timeframe, as Pepsi has now gone down 4 of the past 5 hours.
  • Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them so that price is now turning below it. 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.

PEP

The Daily View for Pepsi

  • At the time of this writing, PEP’s price is down $-0.12 (-0.08%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as Pepsi has now gone up 8 of the past 10 days.
  • 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.

PEP

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