Pepsico may end the relegation cycle of 2023 soon

Pepsico ($ PeP) has been in a declining cycle since May 2023. However, the course has become extreme and may relax sales in the coming weeks or months. Although we may not know what will find buyers to find entries soon, traders should be aware of this main area of ​​opportunities.

Pepsico is a diet and global drinks with the headquarters of New York. Founded in 1965 by merging Pepsi Cola and Fritto Lay. The company operates in more than 200 countries and has a variety of brands, including Pepsi, Mountain Dew, Lay’s, Doritos, Gatorade, Tropicana and Quker.

Pepsico is historically a profitable company since its shares have been announced in the 1960s. However, since May 2023, stock prices have been in a declining cycle – a decrease of 28 %. The main headlines believe that the decrease has been largely pushed by slowing the growth of sales, especially on snacks and sugary drinks. This has put pressure on the company’s revenues and profit margin expectations. However, from the Elliott wave theory lens, the decrease should have been expected. A ups of 5 waves developed in March 2020 immediately after the sale of Covid-19. After such a 5 -wave gathering, the 3 -wave wave decline must be followed to correct the 5 -wave wave cycle. This is exactly what Pepsico stock prices have been watched since May 2023. However, this course appears to be closed to the end. If this is the case, the upholstery should be resumed at all from its lowest levels.

Pepsico Elliott wave analysis – 02.16.2025

The above weekly graph shows the end wave waves (III) from ((III)) from the upper cycle ever from its lowest levels ever. The decrease from March 2023 shows a dual, dirty corrective sequence (with a swing 7) that enters the maximum area of ​​the wave (IV). Within a bullish sequence, traders should look forward to going to the decreases. On the other hand, merchants must look at the decline in the shortcomings in a declining sequence. This is our idea of ​​trading that we like to present to Elliottwave-Forecast members.

The graph above shows the extremist area at 142.13-116.60. The price is inside the area but it may extend down with the current rolling leg from January 2025. However, we can expect at least bounce from 3 annually from this region if not the driving recovery wave (V). Buyers will look for the exploitation of this area for a long chance with a slightly stopping from 116.6.