Core Viewpoint - PepsiCo, Inc. shares experienced a decline after a significant gain driven by an earnings surprise, indicating potential downward movement due to overbought conditions and resistance levels [1][6]. Group 1: Earnings Performance - Second-quarter earnings for PepsiCo were reported at $2.12, surpassing the estimated $2.02 [1]. Group 2: Price Levels and Market Psychology - The stock has encountered a significant resistance level at $144.50, which previously served as a support level in March before becoming resistance in April [3][4]. - Investor psychology plays a crucial role, as those who bought at the support level may have regretted their decision when the price fell, leading to sell orders when the stock returned to the resistance level [5][6]. Group 3: Market Conditions - The stock is currently considered overbought, with its price two standard deviations above the 20-day moving average, which typically attracts sellers anticipating a price correction [6][7]. - Stocks that are overbought and at resistance levels often reverse and enter downtrends, suggesting a potential decline for PepsiCo [7].

Welcome back to the goodwill channel everyone. My name is Josh and right now Bitcoin just invalidated this price pattern as we're now breaking back below a crucial level on the price chart. But we also have massive liquidity still building above the price of Bitcoin which we need to pay attention to while the price of Salana is still retesting a critical level of support while the price of chain link is still playing out this short-term warning signal.So I'll be talking about all of that and more later in t ...

Core Viewpoint - The stock of The Estée Lauder Companies Inc. is experiencing consolidation after a significant gain, encountering resistance at approximately $74.75, which may indicate a potential for further movement in the stock price [1][2]. Price Movement and Resistance - The stock gained over 10% on Monday before hitting resistance at $74.75, a level previously established in late February [1][3]. - The resistance at this price level is attributed to buyer's remorse from previous investors who sold their shares when the price dropped [5][7]. Market Dynamics - The presence of remorseful buyers at the resistance level indicates that if these sellers can be overpowered by new buyers, the stock may experience a rapid increase in price [6]. - The gap down from around $80.80 to $74.75 in January created a situation where there was no trading in between these prices, leading to fewer sellers if the stock returns to these levels [7][8]. Implications for Future Trading - If the stock can surpass the resistance level, it may lead to a scenario where buyers compete against each other, potentially driving the price higher [8].

An active investing strategy involves searching for breakout stocks in a specific price range. When choosing breakout stocks, consider selling if the price falls below the lower band and holding for gains if it exceeds the upper band. To that end, Barclays PLC (BCS) , NatWest Group plc (NWG) , and Aris Mining Corporation (ARMN) have been selected as the breakout stocks for today. Zeroing in on Breakout Stocks To pick a breakout stock, calculate support and resistance levels. A support level is the lower bou ...

Shares of Carnival Corporation & plc CCL are trading lower Friday. This is despite analyst predictions of strong summer bookings.That’s why it’s Benzinga’s Stock of the Day. It looks like the shares may find support and reverse and move higher.The chart of Carnival illustrates two important market principles.The first is that price levels that had been support can turn into resistance levels. In December the $23.30 level was support. In May it became a resistance level.Support can turn into resistance becau ...

Group 1 - American Airlines Group Inc. AAL shares are experiencing a rally after reaching an important support level, making it the Stock of the Day [1] - The concept of "market memory" indicates that certain price levels, such as support and resistance, hold significant importance in stock trading [2][7] - The stock has previously found support at the $8.80 level during the COVID-19 pandemic and again in July 2024, suggesting a potential buying opportunity [7][9] Group 2 - When a stock trends lower, it indicates more supply than demand, leading to price declines as sellers lower prices to attract buyers [3][4] - Conversely, when a stock trends higher, it reflects more demand than supply, causing prices to rise as buyers compete for limited shares [6] - Resistance levels occur when there is enough supply to meet demand, often leading to the end of market rallies [6][7]