Pepsico Inc (PEP) Up 1.28%; in an Uptrend Over Past 30 Days

The Hourly View for PEP

Last Updated December 2, 2020, 12:22 GMT

At the time of this writing, PEP’s price is up $0.85 (0.59%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on PEP. Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50 and 100 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Pepsico Inc Daily Price Recap

146.07 was the closing price of the day for Pepsico Inc, resulting in today being one in which price moved up 1.28% ($1.84) from the day prior. This move happened on lower volume, as yesterday’s volume was down 18.63% from the day before — and down 6.35% from the same day the week before. Let’s take a look at the daily price chart of Pepsico Inc.


Pepsico Inc Technical Analysis

Volatility for Pepsico Inc has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days Pepsico Inc’s price has gone up 8 them.

Overheard Around the Web

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

    $PEP Nov 30
    – Daily stock market timing forecast –
    ◆ Investment position
    => Neutral – Bullish
    ◆ Search for the daily stock market timing forecast
    ◆ Upper~Lower stock price band for the next 10 days
    Price: 143.33 ~ 148.67
    % Change: -0.62% ~ 3.08%
    ◆ Today's Supply-Demand(S&D) strength
    => Supply-Demand(S&D) strength flow appropriate to the current trend.

    ◆ Daily Supply-Demand(S&D) strength Trend
    => About to begin a downward trend as a rebounding trend gradually gives way to increasing limited rises and strong falls.