Pepsico Stock Forecast
Pepsico stock price ended at $175.01 on Thursday, after gaining 0.83%.
(Updated on Mar 28, 2024)
The Pepsico stock price gained 0.83% on the last trading day (Thursday, 28th Mar 2024), rising from $173.57 to $175.01. 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 0.82% from a day low at $174.38 to a day high of $175.81. The price has risen in 8 of the last 10 days and is up by 6.21% 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, 6 million shares were bought and sold for approximately $984.86 million.
Given the current horizontal trend, you can expect Pepsico stock with a 90% probability to be traded between $162.38 and $175.29 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.
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PEP Signals & Forecast
Mostly positive signals in the chart today. 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 $172.89 and $168.15. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 05, 2024, and so far it has risen 8.00%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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 $171.47 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.43 (0.82%) between high and low. For the last week, the stock has had daily average volatility of 0.755%.
The Pepsico stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $166.78 (-4.70%) (This stock has low daily movements and this gives low risk. The RSI14 is 91 and this increases the risk substantially. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (PEP) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Pepsico Inc to open at $175.07, and during the day (based on 14 day Average True Range), to move between $172.82 and $177.20, which gives a possible trading interval of +/-$2.19 (+/-1.25%) up or down from last closing price. If Pepsico Inc takes out the full calculated possible swing range there will be an estimated 2.51% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $171.47, some $3.54 (2.02%) from the current price of $175.01, our system finds the risk reward attractive.
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: 4.819 Buy Candidate Unchanged
Predicted Opening Price for Pepsico Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$175.07 ( 0.0324%) | $175.01 |
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 | 176.50 | 0.85 % | |
R2 | 175.95 | 0.537 % | ||
R1 | 175.61 | 0.345 % | ||
Current price: | 175.01 | |||
Support | S1 | 174.52 | -0.280 % | |
S2 | 174.18 | -0.473 % | ||
S3 | 173.64 | -0.785 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 175.01 | |||
Support | S1 | 171.47 | -2.02% | |
S2 | 167.67 | -4.19% | ||
S3 | 164.66 | -5.91% |
PEP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 07, 2024 | Feb 29, 2024 | Apr 01, 2024 | $1.27 | 0.723% |
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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