Pepsi (PEP) Closes Last Hour Down $-0.44; Breaks Above 50 Day Average, Eyes 50 Day Average, 3 Day Down Streak Ended

The Hourly View for PEP

Last Updated September 10, 2020, 15:10 GMT

At the moment, PEP’s price is down $-0.24 (-0.17%) from the hour prior. This is the 3rd consecutive hour PEP has seen its price head down. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Of note is that the 100 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 and 100 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Pepsico Inc Daily Price Recap

Pepsico Inc is up 1.15% ($1.56) since the day prior, marking a reversal from the day prior — and the end of a 3 day negative run. The change in price came along side change in volume that was down 12.53% from previous day, but up 26.78% from the Wednesday of last week. Here is a daily price chart of Pepsico Inc.


Pepsico Inc Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Pepsico Inc crossed above its 50 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 14 days Pepsico Inc’s price has gone up 7 them.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to PEP:

    $PEP Sep 08
    – Daily stock market timing forecast –
    ◆ Investing view
    => Sell – Bearish
    ◆ Search for the daily stock market timing forecast
    ◆ Upper~Lower stock price band for the next 10 days
    Price: 130.89 ~ 137.80
    % Change: -3.44% ~ 1.66%
    ◆ Today's Supply-Demand(S&D) strength
    => Supply-Demand strength had a strong selling flow than a flow in rising section.

    ◆ Daily Supply-Demand(S&D) strength Trend
    => In the midst of an adjustment trend of downward direction box pattern price flow marked by limited rises and downward fluctuations.