Pepsico Stock Forecast
Pepsico stock upgraded from Hold/Accumulate to Strong Buy Candidate after Wednesday trading session.
(Updated on Apr 24, 2024)
The Pepsico stock price gained 3.62% on the last trading day (Wednesday, 24th Apr 2024), rising from $171.22 to $177.41. During the last trading day the stock fluctuated 6.23% from a day low at $167.65 to a day high of $178.09. The price has risen in 6 of the last 10 days and is up by 5.01% 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, 823 thousand more shares were traded than the day before. In total, 10 million shares were bought and sold for approximately $1.76 billion.
The stock has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $176.61 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $189.32 sometime during the next 3 months.
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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 $172.64 and $169.73. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 3.62%. 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 $10.44 between high and low, or 6.23%. For the last week the stock has had daily average volatility of 2.76%.
Our recommended stop-loss: $169.73 (-4.33%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (PEP) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Pepsico Inc to open at $174.38, and during the day (based on 14 day Average True Range), to move between $174.21 and $180.61, which gives a possible trading interval of +/-$3.20 (+/-1.80%) up or down from last closing price. If Pepsico Inc takes out the full calculated possible swing range there will be an estimated 3.61% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $170.61, some $6.80 (3.83%) from the current price of $177.41, our system finds the risk reward attractive.
Is Pepsico Inc stock A Buy?
Pepsico holds several positive signals and has broken the horizontal trend up. As the stock is in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.
Current score: 5.511 Strong Buy Candidate Upgraded
Predicted Opening Price for Pepsico Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $174.38 ( 1.71%) | $177.41 |
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 | 184.82 | 4.18 % | |
| R2 | 180.84 | 1.93 % | ||
| R1 | 178.37 | 0.542 % | ||
| Current price: | 177.41 | |||
| Support | S1 | 170.40 | -3.95 % | |
| S2 | 167.93 | -5.34 % | ||
| S3 | 163.94 | -7.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 177.41 | |||
| Support | S1 | 170.61 | -3.83% | |
| S2 | 167.67 | -5.49% | ||
| S3 | 164.66 | -7.19% |
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
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