The shares of the world’s top-selling beverage producer have been on a downward trend since mid-August.
The share price, which is currently in a long-term upward channel, reached the top of this channel at the last high of $181.07 and then turned back down.
Since then, the share price has lost over 8%, falling to around $165.00 before recovering slightly over the last few days.
At the moment, the group may face some production and sales problems: Recently it became known,
that the sale of Pepsi products from Aldi Nord will be discontinued because prices are too high. In addition, production in Russia has to be stopped in the wake of the sanctions.
However, the Group is currently venturing into some investments, such as the planned acquisition of energy manufacturer Rockstar.
Due to the current predominantly negative news about the Group, it is possible that the downtrend of the share price will continue to the bottom of the downtrend channel, which is located at approx. $157.00. After that, it could turn into a rise again if this support is successfully tested. Otherwise, I consider a continuation of the currently still very new recovery movement to the channel top at around $180.00 possible.