PepsiCo Archives - Elliott Wave Forecast

PepsiCo Analysis: Elliott Wave Signals a Possible Rally Toward $215

November 16, 2025 By EWFSanmi

PepsiCo appears to have completed the bearish cycle from May 2023. In the coming weeks, price action that supports a new bullish cycle, leading to a new high, could emerge. Meanwhile, in the previous forecast on this stock, we highlighted a high probability buying zone, using the blue box. In this post, we will discuss how the blue box has provided a reliable trading zone for traders. In addition, we will discuss what to expect next.

PepsiCo is a global food and beverage company with the headquarters in New York. It was founded in 1965 through the merger of Pepsi-Cola and Frito-Lay. The company operates in over 200 countries and has a diverse portfolio of brands, including Pepsi, Mountain Dew, Lay’s, Doritos, Gatorade, Tropicana, and Quaker.

Pepsico is in an all-time bullish sequence. Therefore, pullbacks have provided opportunities for buyers to buy the dip. A new corrective pullback emerged from May 2023. For over 24 months, this pullback evolved into a clear corrective structure. At the end of the corrective structure, the long-term bullish trend should resume. From the Elliott wave perspective, we reckoned that the peak of May 2023 marked the end of the wave (III) of ((III)) of the all-time bullish cycle. Thus, the pullback from that high was expected to conclude wave (IV) of ((III)), followed by a resurgence to a fresh record high.

PepsiCo Elliott Wave Setup (Weekly) – 02.16.2025

On 16 February, 2025 we did n analytical blog post on PepsiCo. The update explained the all-time bullish trend and the the wave (IV) pullback from the top of May 2023. In the update, we shared the chart below.

The weekly chart above displays a clear double zigzag structure for wave (IV). We identified the 142.13-116.60 range as the blue box zone. We anticipated either a new bullish cycle from this zone or, at minimum, a 3-swing bounce. The price eventually reached the blue box a few months later and bounced sharply, as shown in the chart below.

PepsiCo Elliott Wave Setup Update (Weekly) – 11.16.2025

The new weekly chart above shows a sharp rebound. This could signify the end of wave (IV) or the start of a 3/7 swing bounce leading to a deeper wave (IV). If wave (IV) has ended, wave (V) should advance to $215 and potentially higher. However, if the bounce is corrective, buyers should anticipate a price reach of $168-$175. Traders who went long from the blue box have already reached the first target at 156.33. Therefore, while booking some profits, buyers can continue to hold the rest of their position with a stop adjusted to $127. This appears to be a solid plan. Looking at the shorter cycles, what’s next?

PepsiCo Elliott Wave Setup Update (4-Hour) – 11.16.2025

The PepsiCo H4 chart above shows price turning up against the 127.63 pivot. This indicates that as long as this low holds, an upward trend is likely to continue. The chart also shows the price in a nesting position, specifically in wave 3 of (1) of ((3)), following the completion of waves ((1)) and ((2)) of I of (V) at the May 2023 high and June 2025 low, respectively. In the short term, if wave 3 unfolds as anticipated, it should advance to the $160-$170 area.

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PepsiCo Finds Support in the Blue Box – Extended Rally Ahead?

February 22, 2025 By EWFSanmi

Hello traders. Welcome to a new blog post discussing about the blue box. In today’s post, the spotlight will be on the PepsiCo ($PEP) stock price. The stock found support at the extreme last week. What next for traders?

Despite the sell-off from May 2023, the PepsiCo stock remains within the all-time bullish cycle. Many times, within the bullish sequence, the price pulls back to give buyers the opportunity to buy lower and sell higher for profit. That appears to be the case for $PEP. The decline from May 2025 marked the wave (IV) of the supercycle degree within the bullish cycle from the all-time low. On 16th February 2025, we shared an article titled ”PepsiCo May End The Bearish Cycle From 2023 Soon”. In the article, we used the chart below to identify the extreme area for wave (IV). The blue box on our charts show members where to buy within a bullish sequence and where to sell within a bearish sequence.

PepsiCo Weekly Chart 16th February, 2025

We identified 142.13-116.60 as the blue box where we expected wave (IV) to finish after a 7-swing structure. Afterwards, wave (V) should begin. If not a bullish impulse wave reaction, at least a 3-swing bounce should ensue from this extreme area. The chart below shows the price’s response after about a week.

PepsiCo Weekly Chart 22nd February, 2025

The stock found support at the blue box just as expected. Thus, price bounced off the entrance of the blue box – barely at the 142.13 proposed entry level. While price holds above 116.60, it should separate further from the blue box. When the rally reaches 162.53, traders should consider closing half of the trade in profit and adjust the rest of the position to breakeven. Until 162.5, buyers from the blue box should continue to hold the long, while keeping the stop at 116. Therefore, the upside appears to be favored in the short and long terms.

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PepsiCo May End The Bearish Cycle From 2023 Soon

February 16, 2025 By EWFSanmi

Pepsico ($PEP) has been in a bearish cycle since May 2023. However, the cycle is getting extreme and the sell-off may relax in the coming weeks or months. While we may not know what will trigger the buyers to find entries soon, traders should be aware of this key zone for opportunities.

Pepsico is historically a profitable company since its stock went public in the 60s. However, since May 2023 the stock prices have been on a bearish cycle – down by 28%. The headlines believed the decline has been driven largely by slowing sales growth particularly on snacks and sugary drinks. This has put pressure on the company’s revenue and profit margin outlook. However, from the lens of the Elliott wave theory, the decline should have been expected. A 5-wave bullish cycle evolved in March 2020 immediately after the COVID-19 sell-off. After such a 5-wave rally, 3 -wave decline should follow to correct the 5-wave cycle. That’s exactly what the Pepsico stock prices have been observing since May 2023. However, this cycle appears to be closing to completion. If that is the case, the all-time bullish cycle from the all-time lows should resume.

Pepsico Elliott Wave Analysis – 02.16.2025

The weekly chart above shows the ending waves of wave (III) of ((III)) of the all-time bullish cycle from the all-time lows. The decline from March 2023 shows a double zigzag (7-swing structure) corrective sequence entering the extreme zone for wave (IV). Within a bullish sequence, traders should look forward to go long from the dips. On the other hand, traders should look at shorting bounces in a bearish sequence. That’s our idea of trading that we like presenting to members of Elliottwave-Forecast.

The chart above shows the extreme zone at 142.13-116.60. Price is within the zone but may extend lower into it with current bearish leg from January 2025. However, we can expect at least a 3-swing bounce from this zone if not an impulse recovery starting wave (V). Buyers will look at exploiting this zone for a Long opportunity with stop slightly below 116.6.

About Elliott Wave Forecast

At www.elliottwave-forecast.com, we update one-hour charts four times daily and four-hour charts once daily for all 78 instruments. We also conduct daily live sessions to guide clients on the right side of the market. Additionally, we have a chat room where moderators answer market-related questions. Experience our service with a 14-day trial for only $0.99. Cancel anytime by contacting us at support@elliottwave-forecast.com.

A Closer Look at PepsiCo’s (PEP) Daily Correction

October 26, 2023 By EWFAyoub

PepsiCo (NASDAQ: PEP), has been facing a challenging environment in the recent 2 years. With the continued uncertainty and volatility in the market, the stock’s long-term growth potential is under scrutiny by investors. In this article, we’ll analyze the various Elliott Wave patterns for PepsiCo in order to guide investors in navigating the mid-term movement of the stock.

PepsiCo surged into new all time highs on May 2023 but it didn’t last long. Since then PEP faced a 20% decline which ended the impulsive cycle started in March 2020.
Based on the current structure we can define 2 potential emerging type of correction taking place.

The initial aggressive approach would suggest a potential 5 waves decline in wave ‘a’ of larger ZigZag ‘abc’ structure. Currently a short term bounce in wave ((4)) would ideally fail around $167 – $170 area followed by a wave ((5)) lower into equal legs area $158 – $152. Up from there, a larger 3 waves bounce will happen in wave ‘b’ before another 5 waves decline in wave ‘c’ to take place.

PEP ZigZag Structure 10.26.2023

As we can notice on the daily chart, the decline from the peak is already showing 3 waves down ((A)) ((B)) ((C)) which already reached equal legs area $158 – $152. If the move lower is already completed within wave ‘w’ then the reaction higher will correct that proposed cycle in wave ‘x’ before the stock turns lower again within a wave ‘y’ to form a corrective double three structure.

PEP Double Three Structure 10.26.2023

PEP will turn bullish if the rally from October 2023 low turns into a 5 waves impulsive structure suggesting that any pullback would ideally remain supported above $155.83 low. In that case, the stock will be looking to create separation from the low in the coming weeks to support the idea of an impulse.

PEP Impulsive Structure 10.12.2023

In conclusion, despite presenting 3 different scenarios, the market will soon define the main path as they share the same bounce from the extreme blue box area in the near term. Depending on the structure of the coming move, PEP will give the early hints of what’s coming for the stock as volatility is expected to remain for the rest of 2023.

PepsiCo (NASDAQ: PEP) Gains Momentum as market volatility subsides

April 28, 2023 By EWFAyoub

With a market capitalization of over $200 billion, PepsiCo (NASDAQ: PEP) is a global leader in the food and beverage industry. It has recently broken into new all-time highs, indicating a potentially bullish outlook for the stock. Despite ongoing market volatility and changing consumer preferences, the company’s strong revenue and profits suggest a solid business model with promising growth potential. With the stock’s recent surge, investors may want to consider the mid-term movement of the stock to take advantage of potential buying opportunities.

The recent surge in PEP’s price, surpassing the peak of December 2022, successfully erased the RSI divergence in the daily charts. This event is crucial, as it indicates that the cycle from March 2020 will continue and confirms that the wave (3) cycle from March 2022 is still in progress.

The rally from March 2022 low unfolded as a leading diagonal in wave (1) at $186.84, followed by a pullback in wave (2) ended at $167.05. Ideally, the move higher in wave (3) should target the 100% Fibonacci extension area at $200.53, followed by a potential 3-wave pullback before resuming the rally. Additionally, the 123.6% – 161.8% Fibonacci extension levels, located at $208 – $221, may come into play at a later stage of the cycle.

In conclusion, PEP’s Elliott Wave patterns suggest that the stock is in a bullish sequence from March 2022 low, with the wave (3) in progress. Any pullbacks in 3, 7, or 11 swings should be seen as potential buying opportunities, as long as the stock remains supported above the wave (2) low of $167.05.

PEP Elliott Wave Daily Chart

PepsiCo (PEP) Facing more Headwinds as Market Volatility Continues

March 11, 2023 By EWFAyoub

PepsiCo (NASDAQ: PEP), one of the largest food and beverage companies in the world, has been facing a challenging environment in the wake of ongoing market volatility. While the company’s revenue and profits have remained relatively stable, industry-wide pressures and changing consumer preferences have put significant pressure on PepsiCo’s business model. With the continued uncertainty and volatility in the market, investors are beginning to question the company’s long-term growth potential. This article aims to analyze the various Elliott Wave patterns for PepsiCo in order to guide investors in navigating the mid-term movement of the stock.

Examining PepsiCo’s weekly chart reveals a sideways overlapping price action since 2022, typically seen at the end of a trend, indicating a potential reversal within an ending diagonal structure. Our proprietary system confirms PepsiCo’s March 2020 low cycle ended after rallying in a 5-wave advance within wave ((1)), with a larger degree correction occurring within wave ((2)) before the stock can rally into new all-time highs.

PepsiCo (NASDAQ: PEP) Weekly Elliott Wave Chart ( 1st Scenario )

Wave (A) ended on February 3rd after a decline from its December 2022 peak of $186.84. Currently, PepsiCo is in wave (B) and may rise further towards the $180 – $183 equal legs area. After that, the stock is expected to trade lower in wave (C). It will end a zigzag structure in wave ((2)) potentially towards the $160 – $150 area then a turn higher takes place.

PepsiCo (NASDAQ: PEP) Weekly Elliott Wave Chart ( 2nd Scenario )

If PEP bounce fails to exceed the February peak of $178.23 and it breaks the March 1st low of $169.12, the more aggressive path can occur. This move will imply that wave (B) has concluded and that the stock is going lower within wave (C) towards the $158 – $145 equal legs area. Once there, the stock is expected to respond positively and look to resume the bullish trend or at least rebound in larger 3 waves higher.

In conclusion, the analysis of the Elliott Wave patterns suggests that PepsiCo (NASDAQ: PEP) will face headwinds in the short to mid-term as the stock corrects within wave ((2)). Although the company’s long-term growth potential remains intact, the stock is likely to experience further downside before resuming its upward trajectory.