Pepsico may rise to 181.80 - 184.60

Our pivot point is at 165.3.

Our preference

The upside prevails as long as 165.3 is support.

Alternative scenario

Below 165.3, expect 160.8 and 158.1.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 165.698 and 169.6156).

Supports and resistances

187.4 **

184.6 *

181.8 **

179

171.02 (USD-last)

167

165.3 **

160.8 *

158.1 **

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