Pepsico may rise to 182.90 - 185.50

Our pivot point is at 168.6.

Our preference

The upside prevails as long as 168.6 is support.

Alternative scenario

Below 168.6, expect 164.2 and 161.6.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 167.4055 and 168.9592).

Supports and resistances

188.3 **

185.5 *

182.9 **

180.1

172.67 (USD-last)

170.5

168.6 **

164.2 *

161.6 **

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