Pepsi weekly uptrend opportunity based On 1.00 Lot Calculation:
- Pepsi is a global food and beverage company founded in 1898. It produces and sells sodas, cereals, snack foods, coffees and teas. It sells its products through wholesalers, retailers, direct to consumer e-commerce sites, restaurants, and discount stores.
- NEWS: Pepsi’s 3rd Quarter earnings will be released on October 5th, before the American market opens. The company’s earnings and revenue have exceeded analysts’ estimates 8 of the last 8 quarters. It is forecast to earn $1.73 per share and see total revenue over $19 billion in the quarter.
- Analysis: In the rocky markets ahead, investors may focus on companies that produce basic everyday consumer staples including soft drinks.
- Technical Analysis: Pepsi’s stock is currently oversold based on the Stochastic and RSI indicators and well positioned for a reversal. Pepsi’s stock is 4.1% below its all time high of $159.57 reached as recently as August 2021.
(#PEPSICO), September 27, 2021
Current Price: 153.00
Pepsi |
Weekly |
Trend direction |
|
180.00 |
|
170.00 |
|
162.00 |
|
145.00 |
|
137.00 |
|
130.00 |
Example of calculation base on weekly trend direction for 1.00 Lot*
Pepsi |
||||||
Pivot Points |
||||||
Profit or loss in $ |
27,000.00 |
17,000.00 |
9,000.00 |
-8,000.00 |
-16,000.00 |
-23,000.00 |
Profit or loss in €** |
23,080.08 |
14,531.90 |
7,693.36 |
-6,838.54 |
-13,677.08 |
-19,660.81 |
Profit or loss in £** |
19,698.83 |
12,402.97 |
6,566.28 |
-5,836.69 |
-11,673.38 |
-16,780.48 |
Profit or loss in C$** |
34,188.75 |
21,526.25 |
11,396.25 |
-10,130.00 |
-20,260.00 |
-29,123.75 |
* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 14:28 (GMT+1) 27/09/2021
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Client Manager for more details