Pepsico Stock Forecast
Pepsico stock price up 1.08% on Friday
(Updated on Apr 19, 2024)
The Pepsico stock price gained 1.08% on the last trading day (Friday, 19th Apr 2024), rising from $172.27 to $174.13. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.44% from a day low at $171.80 to a day high of $174.27. The price has risen in 6 of the last 10 days and is up by 2.95% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 7 million shares were bought and sold for approximately $1.15 billion.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $175.72 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Pepsico stock with a 90% probability to be traded between $165.49 and $178.12 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
PEP Signals & Forecast
The Pepsico stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $169.54 and $168.78. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 4.30%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Monday, January 29, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, January 29, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Pepsico stock
Pepsico finds support from accumulated volume at $170.61 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.47 between high and low, or 1.44%. For the last week the stock has had daily average volatility of 1.36%.
Our recommended stop-loss: $166.22 (-4.54%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (PEP) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Pepsico Inc to open at $173.40, and during the day (based on 14 day Average True Range), to move between $171.83 and $176.43, which gives a possible trading interval of +/-$2.30 (+/-1.32%) up or down from last closing price. If Pepsico Inc takes out the full calculated possible swing range there will be an estimated 2.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $175.01 (0.51%) than the support at $170.61 (2.02%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Pepsico will release earnings BMO on Tuesday, April 23, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.52. We will update the financials statements for Pepsico, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.25% in the first trading day after earnings release.
Is Pepsico Inc stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Pepsico stock to perform well in the short-term period.
Current score: 2.889 Buy Candidate Unchanged
Predicted Opening Price for Pepsico Inc of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$173.40 ( 0.419%) | $174.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PEP
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 175.87 | 1.00 % | |
R2 | 174.93 | 0.457 % | ||
R1 | 174.34 | 0.123 % | ||
Current price: | 174.13 | |||
Support | S1 | 172.46 | -0.96 % | |
S2 | 171.87 | -1.30 % | ||
S3 | 170.93 | -1.84 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 175.01 | 0.505 % | ||
Current price | 174.13 | |||
Support | S1 | 170.61 | -2.02% | |
S2 | 167.67 | -3.71% | ||
S3 | 164.66 | -5.44% |
PEP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 07, 2024 | Feb 29, 2024 | Apr 01, 2024 | $1.27 | 0.731% |
2 | Nov 16, 2023 | Nov 30, 2023 | Jan 05, 2024 | $1.27 | 0.749% |
3 | Jul 20, 2023 | Aug 31, 2023 | Sep 29, 2023 | $1.27 | 0.747% |
4 | May 02, 2023 | Jun 01, 2023 | Jun 30, 2023 | $1.27 | 0.683% |
5 | Feb 01, 2023 | Mar 02, 2023 | Mar 31, 2023 | $1.15 | 0.631% |
FAQ
Click here for our free guide on how to buy Pepsico Stock.