Keurig Dr Pepper Stock Price: Will KPD Sustain The Breakout?

• The stock of Keurig Dr Pepper Inc. (KDP) has fallen by -0.45% in the last 24 hours and is now trading at $33.28.
• The live market capitalization of Keurig Dr Pepper (NYSE: KDP) is $46.501 Billion.

The stock of Keurig Dr Pepper (NYSE: KDP) is in an upward trend. The KDP price is reaching new higher points in the daily time frame.

Keurig Dr Pepper Inc. (KDP) has a revenue of $14.06 Billion. The stock’s volatility relative to the market is 0.43. The KDP stock has reached a high of $39.73 and a low of $30.47 in the past 52 weeks.

The stock of Keurig Dr Pepper has seen a revenue growth for the last 2 years in 2023. The revenue went up from $11.62 Billion to $14.06 Billion.

Keurig Dr Pepper Inc. (KDP) stock price made a high of $41.31 on 18 August 2022, and since then, the price has been in a downtrend. The price has shown a decline of -26% since all-time high price.

The KDP stock price is trading in a tight range between $32.00 and $35.00. The overall trend of the KDP stock is negative and the price might break the support and make a new low point.

The KDP stock has lost 15.00% of its value since last year. This shows that the KDP stock has a bearish momentum and the price is expected to decline if it fails to sustain above the falling wedge pattern.

Keurig Dr Pepper (KDP) Stock Price Analysis

The market structure for the KDP is negative on the larger timeframe but has been making higher highs on the lower timeframe and has also broken out above the falling wedge pattern but is making negative candlesticks after breakout.

The stock of Keurig Dr Pepper Inc. (KDP) is trading in a bearish crossover also known as death cross and the 50-day and the 200-day Exponential Moving Average are in a downtrend.

The RSI for the Bank of America is declining and is currently trading at the 50-level and may can decline further if the downward momentum continues. This indicates weakness in the RSI indicator, it has also declined below the 14-day SMA line.

Conclusion 

The analysis shows that the Keurig Dr Pepper stock price has broken out above the falling wedge pattern and the RSI is acting flat to negative while the EMA’s are following a preceding downtrend with a negative market structure, hence the price can decline more if it breaks below the level of $32.00.

Technical Levels

• Support Level for the Bank of America stock: $30.50 and $31.50
• Resistance Level for the Bank of America Stock: $34.00 and $36.00

Disclaimer

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