Pepsico may rise to 191.90 - 195.30

Our pivot point stands at 174.7.

Our preference

As long as 174.7 is support look for 191.9.

Alternative scenario

Below 174.7, expect 169.2 and 165.8.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 178.588 and 174.1018).

Supports and resistances

198.6 **

195.3 *

191.9 **

188.6

179.27 (USD-last)

176.9

174.7 **

169.2 *

165.8 **

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