PepsiCo Inc

PEP remains entrenched in a Stage 4 downtrend, confirmed by sequential lower highs and lows beneath declining EMAs. The long- and medium-term biases are bearish, while short-term conditions are oversold and extended, suggesting a technical bounce rather than a reversal. We defer sell-side engagement, targeting rallies into the falling 9/20 EMAs or the broken 139–140 zone for rejection and continuation participation.

• ↑Q2 revenue rose 7% YoY to $24.18 B; EPS climbed 6% to $2.20
• ↑U.S. pricing strategy driving snack volume recovery despite inflation
• ↓Low earnings yield and negative growth indicators weaken valuation