The Greedy Trader Weekly Analysis
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Daily RSI Divergence:Bearish
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Relative Strength Index (RSI Indicator)

The Relative Strength Index is a popular momentum oscillator, developed by Welles Wilder, Jr. It is one of the most widely used technical indicators. Relative Strength Index compares upward vs. downward movements in closing over a selected period. The RSI Indicator fluctuates from 0% to 100%. A stock with RSI Indicator higher than 70% is considered overbought and lower than 30% - oversold. A good rule is to adjust overbought/oversold index range to 80% in bull and to 20% in bear markets. Relative Strength Index can provide an early warning, but not the final signal. It should be used in conjunction with other stock picking techniques. The divergence between RSI Indicator and underlying stock price is the most important signal provided by RSI, and it can be an indication of an impending reversal. Using the RSI divergence (bullish and bearish), chart patterns, trendlines, support, and resistance lines along with the RSI Indicator chart can be very useful.

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- 3/15/2024 -
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The Hershey Company (HSY) Technical Analysis

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Summary:
Weekly :
Daily :Price is close to the 50 Day Moving Average
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It was the negative week for the The Hershey Company (HSY). During the week, the HSY gave back -1.02 points, or -0.52%, and closed at 193.54 on Friday, March 15, 2024. Weekly volume was 73% above average.

Long-term trend: [See HSY long-term trend chart]
A long-term uptrend had started on March 10, 2009 at 30.27 and reached 276.88 on May 1, 2023. HSY gained -246.61 points, or -814.70%, in 737 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 140.96 and resistance is at 212.23. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See HSY medium-term trend chart]
A medium-term uptrend had started on December 21, 2023 at 178.82 and reached 209.68 on February 8, 2024. HSY gained -30.86 points, or -17.26%, in 7 weeks. The price is now at the 52.30% retracement level.

Weekly Technical Indicators: [See HSY weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since December 29, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See HSY short-term trend chart]
A short-term uptrend had started on March 4, 2024 at 181.16 and reached 199.57 on March 12, 2024. HSY gained -18.41 points, or -10.16%, in 8 days. The price is now at the 32.75% retracement level.

Daily Technical Indicators: [See HSY daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since March 7, 2024. This is an indication that the short-term trend is up.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.38
Williams' Percentage Range (W%R) 27.90
Lane's Stochastic (%D-Slow) 79.55
Greed/Fear Indicator (GFI) 70.02
Moving Average Converg./Diverg. (MACD) 0.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.00
Williams' Percentage Range (W%R) 49.40
Lane's Stochastic (%D-Slow) 40.20
Greed/Fear Indicator (GFI) 48.44
Moving Average Converg./Diverg. (MACD) -8.18
Trading Signals
Description Value Chart
Yearly Trendline Resistance 212.23
Upper Bollinger Band 200.51
Daily Stochastic Crossing 197.43
Price 193.54
50 Day Moving Average 192.34
Weekly Stochastic Crossing 192.08
20 Day Moving Average 191.70
Parabolic System 187.46
Lower Bollinger Band 185.14
Sector and Industry
Description Name Rank
Sector Consumer Staples 4
Industry Packaged Foods & Meats 21
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 181.16
Low Date 03/04/2024
High 199.57
High Date 03/12/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 209.68
High Date 02/08/2024
Low 181.16
Low Date 03/04/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 178.82
Low Date 12/21/2023
High 209.68
High Date 02/08/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 276.88
High Date 05/01/2023
Low 178.82
Low Date 12/21/2023
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 212.23
Support 140.96
Low 30.27
Low Date 03/10/2009
High 276.88
High Date 05/01/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.