The Hourly View for PEP
Last Updated September 15, 2020, 23:13 GMT
At the moment, PEP’s price is up $0.16 (0.11%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as PEP has now gone down 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50 and 100 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
Pepsico Inc Daily Price Recap
Pepsico Inc closed the previous day up 0.63% ($0.86); this denotes the 2nd straight day an increase has occurred. This move happened on lower volume, as yesterday’s volume was down 19.04% from the day before — and down 43.73% from the same day the week before. The daily price chart of Pepsico Inc below illustrates.
Pepsico Inc Technical Analysis
Notably, 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. For another vantage point, consider that Pepsico Inc’s price has gone up 7 of the previous 14 trading days. And for candlestick traders, a special treat: there are doji and pin bar patterns showing up on the charts as well. Rejoice!
Overheard Around the Web
Over on StockTwits, here’s an example of what they’re saying about PEP:
$PEP $DOCRF $GRWG | PepsiCo to launch drink to aid sleep as consumers struggle with stress:
I used to own this name, along with $NBEV . Sold both last year when I went through a “restructuring” of my portfolio. This new product has mildly peaked my interest again. Rumors back then were that $KO would possibly be in the market for a Pot beverage buyout..but, just maybe it will be PepsiCo? On my watchlist, I like the way $PEP is thinking right now – especially given the times.