Pepsico may fall to 154.00 - 156.90

Our pivot point is at 171.5.

Our preference

The downside prevails as long as 171.5 is resistance.

Alternative scenario

Above 171.5, look for 176.5 and 179.5.

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 170.568 and 173.5854).

Supports and resistances

179.5 **

176.5 *

171.5 **

169.7

166.69 (USD-last)

159.9

156.9 **

154 *

151.1 **

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