PepsiCo (PEP) Stock Analysis Ahead of Earnings: Key Levels to Watch

As PepsiCo (NASDAQ: PEP) prepares to release its earnings report tomorrow, investors are keeping a close eye on the stock's performance. Currently trading at approximately $141.40 per share, PepsiCo stock has declined by 28% since its peak in May 2023, bringing it to a critical technical level. PepsiCo’s Stock Performance: A Three-Year Stagnation The stock is now on track for a third consecutive year without any meaningful gains, raising concerns among long-term investors. If earnings results disappoint, this could amplify frustration and potentially spark a deeper sell-off. Technical Support and Risk Levels The immediate support to watch is at $138. A clear break below this level could trigger further downward pressure on PepsiCo shares, possibly pushing the stock back towards its COVID-era trading range between $120 and $128. However, some technical support remains around the $136 level, aligned with a long-term trendline that dates back to February 2009.