PEP Struggles Below Key Moving Averages at $143.78
BearishPepsiCo Inc (PEP) traded flat at $143.78 on December 29.
Technical indicators paint a bearish picture:
Moving Averages
Price sits below both the 9-day ($146.25) and 21-day ($146.88) EMAs, suggesting short-term weakness.
Momentum
RSI at 37.4 is in neutral territory but trending lower. MACD is bearish (-0.43 vs signal 0.24).