PepsiCo stock, week 19 of short management
PepsiCo stock rises 2.1% as sellers keep dominating volume
PepsiCo stock, week 19 of short management
Our view last week
PepsiCo's rebound is losing steam: after the 11% bounce of recent weeks, the double bottom in the 134 area is holding but the recovery has narrowed to 6%. The sell signal has been under management for 18 weeks, with the short up 8.9%. This week buyers dominated volume (75%), yet the price barely moved, down just 0.4%: a first sign of a gap between push and price. PepsiCo stock stays boxed between resistance and support in the 138-136 area.
This week's summary
PepsiCo stock climbs 2.1% in a week dominated by sellers, who made up 70% of volume: an early sign of a gap between price and push. The Sell signal has been under management for 19 weeks, with the short up 6.98%. Price stays boxed between support in the 139 area and resistance in the 142-143 area: weekly technical analysis points to a stall, not a turn.
IQS Phase
68
in tension
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#126 / 138
US stocks
Trade P&L %
+6.98%
from signal to date, no stop loss
Rank position
ranks 126th among the 138 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorDefensive Staples
Benchmark ETFXLP
Sector regimein positive regime
Performanceweekly +1.09% · monthly +2.10%
PEP belongs to the defensive staples sector (reference ETF XLP). The sector is classified in positive regime according to our weekly reading.
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