Stock of the day: Pepsico

Today’s focus is on PepsiCo, which is having a very successful week, showing steady gains since Tuesday. The stock has been climbing higher every single day, reflecting strong bullish momentum.

The bounce didn’t occur at random. The area around $142 served as a key support level, first established in January, and this level was respected again, confirming its significance as a demand zone.

For a buy signal, PepsiCo needs to break through two critical resistances:

1. The black downtrend line, which has capped previous advances.
2. The yellow horizontal resistance around $156, which, if broken, would confirm a long-term buy signal.

However, if the price closes a day below the green support, it would invalidate the bullish setup and trigger a sell signal, indicating a potential downside correction.

For now, all eyes are on the resistance levels, as a breakout could lead to a sustained rally, while a rejection might signal short-term profit-taking.

Source: https://www.axiory.com/analytics/stock-of-the-day/stock-of-the-day-pepsico-4