Pepsico may rise to 192.70 - 196.00

Our pivot point stands at 177.6.

Our preference

The upside prevails as long as 177.6 is support.

Alternative scenario

Below 177.6, expect 172.2 and 168.9.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 177.539 and 172.7992).

Supports and resistances

199.2 **

196 *

192.7 **

189.5

182.19 (USD-last)

179.6

177.6 **

172.2 *

168.9 **

Number of asterisks represents the strength of support and resistance levels.