PepsiCo: decline holds, but momentum is easing

PepsiCo is at week 11 of a sell signal. The week closed down 1.6%, more contained than the -4.2% of the prior week. MACD has crossed into negative territory and the histogram is deteriorating: the bearish front holds, even as intensity fades. The quality band flags trading not recommended: those following an already open trade find here the week's technical update.