pool adsReading the Charts in Pepsico $PEP to Generate Trading Plans
When we read the charts for Pepsico (NYSE: PEP) we are able to reach conclusion that are not otherwise discernable. We can see where buy signals exist, where sell signals exist, and where risk controls should be implemented. These are what create trading plans. The example here is for PEP and it demonstrates this practice. This data is current, but it is not real time. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Neutral | Neutral | Neutral |
| P1 | 0 | 0 | 135.34 |
| P2 | 143.48 | 142.34 | 141.54 |
| P3 | 145.15 | 144.45 | 147.29 |
Support and Resistance Plot Chart for PEP
Long Term Trading Plans for PEP
April 20, 2021, 3:30 pm ET
The Technical Summary and Trading Plans for PEP help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this PEP Report.
PEP - (Long) Support Plan
The technical summary data tells us to buy PEP near 141.54 with an upside target of 147.29. This data also tells us to set a stop loss @ 141.13 to protect against excessive loss in case the stock begins to move against the trade. 141.54 is the first level of support below 145.56 , and by rule, any test of support is a buy signal. In this case, support 141.54 is being tested, a buy signal would exist.
PEP - (Short) Resistance Plan
The technical summary data is suggesting a short of PEP as it gets near 147.29 with a downside target of 141.54. We should have a stop loss in place at 147.72though. 147.29 is the first level of resistance above 145.56, and by rule, any test of resistance is a short signal. In this case, if resistance 147.29 is being tested, a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Factset: Request User/Pass
Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.
Our Market Crash Leading Indicator is Evitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change: Take a Trial
