Keurig Dr Pepper Inc. (KDP) owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The current price is $27.16 and below its falling 40 week moving average of 31.98.
Although the current trend points to the downside, there are signs of bearish exhaustion as shown in the weekly choppiness index level of 35. The MACD-V level of minus 118 suggests that further downside potential is currently limited for this stock which has an annual dividend yield of 3.39%. The Fibonacci 78.6% retracement level of $23.90, based on the entire $18.98 to $41.31 range traded since 2020 appears to be an ideal entry level.
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