PURCHASE, NY – Shares of beverage and food giant PepsiCo Inc. ended Friday’s session with a deceptively quiet closing price of $129.07, completely unchanged for the day. However, this flat headline figure conceals a dramatic and bearish sell-off in the final minutes of trading that points to significant weakness heading into next week.
The day started with promise for PepsiCo, opening at
130.42**. The stock held its ground for most of the day before a sudden and sharp plunge occurred just before the 4:00 pm closing bell, sending the price to its daily low of
128.98.
Market Outlook: Will the Market Go Down on Monday?
The technical signals from Friday’s price action are strongly bearish, despite the 0.00% daily change. Here’s why:
-
The Waterfall Close: The most critical signal is the sudden, sharp decline into the close. This “waterfall” pattern is a major red flag, often indicating institutional selling and a rush for the exits. It shows a complete lack of buyers willing to support the price at the end of the day.
-
Closing Near the Low: The stock finished the session just pennies above its absolute low, a classic sign that sellers were in complete control as the market closed.
-
Negative After-Hours Momentum: The continued downward drift after the bell, although minor, reinforces the negative momentum and suggests that selling pressure has not yet subsided.
-
Failed Rally: The stock’s inability to hold any of its early-day gains and its close well below the open and high is another strong bearish indicator.
The most telling event of Friday’s session was the dramatic late-day collapse. This price action completely overshadows the flat closing price. Based on this powerful negative signal, there is a very high probability that the market for PepsiCo stock will go down on Monday. Traders will be watching the day’s low of $128.90 as the critical first line of support; a break below this level would likely confirm the start of a further move down.
Disclaimer: This article is based on the analysis of the provided image and is for informational purposes only. It is not financial advice. Market conditions are subject to change rapidly.
