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Advanced TA SearchArchive - 3/15/2024 - Sign In to see current Signals. |
The Hershey Company (HSY) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | 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.
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