The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

Archive
- 3/15/2024 -
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PepsiCo Inc. (PEP) Technical Analysis

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Summary:
Weekly :Broken trend support linePrice is near the Fibonacci 23.6% retracement level
Daily :Stochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARTrend resistance at 164.79
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It was a first positive week for the PepsiCo Inc. (PEP). During the week, the PEP climbed 1.61 points, or 0.99%, and closed at 164.66 on Friday, March 15, 2024. Weekly volume was 71% above average.

Long-term trend: [See PEP long-term trend chart]
A long-term downtrend had started on May 15, 2023 at 196.88 and reached 155.83 on October 6, 2023. PEP lost 41.05 points, or 20.85%, in 20 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See PEP medium-term trend chart]
A medium-term uptrend had started on October 6, 2023 at 155.83 and reached 175.20 on January 3, 2024. PEP gained -19.37 points, or -12.43%, in 12 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (168.68) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See PEP weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since December 8, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See PEP short-term trend chart]
A short-term downtrend had started on February 8, 2024 at 174.10 and reached 161.81 on March 5, 2024. PEP lost 12.29 points, or 7.06%, in 26 days. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (164.79). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.

Daily Technical Indicators: [See PEP daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.22
Williams' Percentage Range (W%R) 61.40
Lane's Stochastic (%D-Slow) 62.22
Greed/Fear Indicator (GFI) 45.33
Moving Average Converg./Diverg. (MACD) -1.11
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.27
Williams' Percentage Range (W%R) 62.20
Lane's Stochastic (%D-Slow) 26.41
Greed/Fear Indicator (GFI) 37.08
Moving Average Converg./Diverg. (MACD) -2.34
Trading Signals
Description Value Chart
Monthly Trendline Resistance 173.00
Upper Bollinger Band 170.01
Monthly Trendline Support 168.68
50 Day Moving Average 167.40
20 Day Moving Average 165.78
Daily Stochastic Crossing 164.86
Weekly Trendline Resistance 164.79
Weekly Stochastic Crossing 164.69
Price 164.66
Parabolic System 162.01
Lower Bollinger Band 161.29
Weekly Trendline Support 158.58
Sector and Industry
Description Name Rank
Sector Consumer Staples 4
Industry Soft Drinks 38
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 161.81
Low Date 03/05/2024
High 166.26
High Date 03/14/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 164.79
Support 158.58
High 174.10
High Date 02/08/2024
Low 161.81
Low Date 03/05/2024
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 173.00
Support 168.68
Low 155.83
Low Date 10/06/2023
High 175.20
High Date 01/03/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 196.88
High Date 05/15/2023
Low 155.83
Low Date 10/06/2023
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 43.78
Low Date 01/15/2009
High 196.88
High Date 05/15/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.