FX.co ★ Patterns #PEP | PepsiCo, Inc. Stock Price

The Bearish pennant pattern has formed on the #PEP M15 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 154.31, a trader will be able to successfully enter the sell position.

The Bullish pennant pattern is formed on the #PEP M30 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 159.94, a further uptrend is possible.

According to the chart of M5, #PEP formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 157.26/158.13 whereas the upper border goes across 158.73/158.13. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of #PEP will breach the upper border to head for 158.28.

The Bullish pennant pattern is formed on the #PEP M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 158.78, a further uptrend is possible.

On the chart of #PEP M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 156.12; the lower boundary 154.38; the width of the pattern 174 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 154.23 level.

According to the chart of M5, #PEP formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 154.95 – 154.95 and upper border 156.19 – 156.19. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Double Bottom pattern has been formed on #PEP M5. Characteristics: the support level 156.94; the resistance level 157.45; the width of the pattern 51 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 57 points.

The Bearish pennant pattern has formed on the #PEP M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 161.86; the projection of the flagpole height is equal to 265 pips. In case the price breaks out the pattern’s bottom of 161.86, the downtrend is expected to continue for further level 161.71.

The Bearish pennant pattern has formed on the #PEP M30 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 163.55 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

The technical pattern called Head and Shoulders has appeared on the chart of #PEP M30. There are weighty reasons to suggest that the price will surpass the Neckline 167.14/167.19 after the right shoulder has been formed. So, the trend is set to change with the price heading for 166.89.