Pepsico may fall to 156.60 - 160.00

Our pivot point stands at 176.3.

Our preference

The downside prevails as long as 176.3 is resistance.

Alternative scenario

Above 176.3, look for 182.2 and 185.6.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 178.099 and 174.5118). Finally, Pepsico is trading below its lower daily Bollinger band (standing at 171.08).

Supports and resistances

185.6 **

182.2 *

176.3 **

173.9

170.48 (USD-last)

163.4

160 **

156.6 *

153 **

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