Pepsico may rise to 174.90 - 177.70

Our pivot point is at 160.8.

Our preference

Short term rebound towards 174.9.

Alternative scenario

Below 160.8, expect 156.1 and 153.3.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 167.882 and 173.4114).

Supports and resistances

180.7 **

177.7 *

174.9 **

172

164.94 (USD-last)

162.8

160.8 **

156.1 *

153.3 **

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