The Hourly View for Pepsi

• At the moment, PEP’s price is up $0.03 (0.02%) from the hour prior.
• This move is a reversal from the hour prior, which saw price move down.
• Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
• Price action traders may also wish to note that we see a pin bar candlestick pattern on Pepsi. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
• The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Pepsi’s hourly price chart is shown below.

The Daily View for Pepsi

• At the moment, PEP’s price is up $0.9 (0.53%) from the day prior.
• Pepsi has seen its price go up 5 out of the past 5 days, thus creating some compelling opportunities for bulls.
• If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
• Price action traders may also wish to note that we see a pin bar candlestick pattern on Pepsi. Given that we see an uptrend on the 5 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
• The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
• Divergence between PEP’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in PEP’s price.

Below is a daily price chart of Pepsi.

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