Pepsico may fall to 160.20 - 162.90

Our pivot point stands at 176.

Our preference

The downside prevails as long as 176 is resistance.

Alternative scenario

Above 176, look for 180.4 and 183.2.

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 176.841 and 174.5222).

Supports and resistances

183.2 **

180.4 *

176 **

174.2

171.04 (USD-last)

165.5

162.9 **

160.2 *

157.6 **

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