Pepsi (PEP) Closes Last Hour Up $0.38; is Inching Close to 100 and 200 Day Averages, Breaks Below 50 Day Average

The Hourly View for PEP

Last Updated September 11, 2020, 15:11 GMT

At the moment, PEP’s price is down $-0.11 (-0.08%) from the hour prior. This is the 2nd hour in a row PEP has seen its price head up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. 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

134.76 was the closing price of the day for Pepsico Inc, resulting in today being one in which price moved down 1.71% ($2.35) from the previous day. The price move occurred on stronger volume; specifically, yesterday’s volume was up 42.23% from the day prior, and up 58.74% from the same day the week before. Below is a daily price chart of Pepsico Inc.


Pepsico Inc Technical Analysis

Notably, Pepsico Inc crossed below 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 down 8 them. Price action traders may wish to observe the bearish engulfing pattern that has emerged over the past two trading days; in light of the uptrend on the 90 day charts this may be particularly noteworthy, as it may signal the uptrend is cooling and ready to reverse.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about 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.