Pep just hit my major resistance zone. If i see confirmation tomorrow, I'm shorting it. It might break above my zone and become support where then i will wait for a retest and go long after a confirmation.
Divergence between Price and MACD, have potential to rebound to its resistance at 182.63 (upside 3.5%)
MACD starts going up, trend line has been penetrated.
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The information and recommendations provided are for informational purposes only and should not be considered as financial or investment advice.
I'm exploring a pairs trading strategy involving two behemoths in the beverage industry, Coca-Cola (KO) and PepsiCo (PEP). Both companies are well-established and share numerous similarities, yet there are subtle differences that could offer a trading opportunity. The idea is to go long on Coca-Cola and short on PepsiCo, aiming to capitalize on their reversion to...
Based on the weekly chart analysis, Pepsico Inc. ( NASDAQ:PEP ) has been on an overall uptrend, with rising prices supported by observations from the stochastic oscillator. The price has formed a rising wedge pattern. However, it is essential to note that the price has already breakout of the resistance area within the rising wedge pattern, but there is still a...
PEP has bounced today from the first support level of 182. It is also holding 200 EMA. Squeeze momentum indicator doesn't have dark red bars yet. If one appears in the next couple of days, it will confirm that bullish momentum is building up.
The three major US stock indexes opened lower, with the Dow down 1.01%, the Nasdaq down 1.1% and the S&P 500 down 1.1%. VinFast, the Vietnamese electric vehicle maker, is up more than 254% and its market value soars to $86 billion, making it the fifth largest auto stock in the world.
Most major European stock indexes closed, with Germany's DAX30 down 0.86%,...
Good news are bad news...
I am building a personal dashboard about earnings from S&P500 Index
Here the version 0.1 with the first 20 stocks, other stocks coming soon:
www.tradingview.com
More than half of stocks beat the estimates, this is a good news....
How the dashboard works:
1. Each cell contains the ticker and the percentage of outperforming or not...
Dividend stocks like Pepsi can be viewed by many as a defensive stock in a market that's looking to correct, or if a recession is on the horizon. This pullback was expected, but I expect to see 190+ from here.
Pepsico Inc (PEP) has been trading within a Channel Up pattern for more than 1 year. Currently it has been rejected on the internal Lower Highs trend-line from the May 15 High. As you can see within this Channel Up, every time the price tested such Lower Highs (3 occasions), it had an initial rejection (twice to the 1D MA50 (blue trend-line)) and then broke out....
The PEAD projected a bullish outlook for NASDAQ:PEP after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 92.13%.
Shares in PepsiCo, Inc. (symbol ‘PEP’) had been rallying through most of the second quarter of the year, only to revert to the downside around the middle of the quarter. The company is expected to report earnings for the quarter ending June 2023, on Thursday, 13 July before markets open. The consensus EPS is $1.95, compared to $1.86 in the same quarter last year....
If you haven`t bought PEP here:
or sold it here:
Then analyzing the options chain of PEP PepsiCo prior to the earnings report this week,
I would consider purchasing the 180usd strike price Calls with
an expiration date of 2023-7-14,
for a premium of approximately $0.75.
If these options prove to be profitable prior to the earnings release, I would sell at least...
Hourly Chart.
Possible 1-2 after the most recent bullish alert which came together with a bullish crossover.
The wave structure is looking bullish as well.
Waiting for a bullish action of the price to confirm the setup.
The PEAD projected a bullish outlook for NASDAQ:PEP after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 60%.
