Pepsico may fall to 158.10 - 160.30

172.1 is our pivot point.

Our preference

The downside prevails as long as 172.1 is resistance.

Alternative scenario

The upside breakout of 172.1 would call for 176 and 178.2.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 173.4745 and 173.861).

Supports and resistances

178.2 **

176 *

172.1 **

170.6

168.53 (USD-last)

162.7

160.3 **

158.1 *

155.8 **

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