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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 4/24/2026 -
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The Hershey Company (HSY) Technical Analysis

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Summary:
Weekly :Oversold sectorBroken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are oversold
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It was the negative week for the The Hershey Company (HSY). During the week, the HSY gave back -1.15 points, or -0.60%, and closed at 191.48 on Friday, April 24, 2026. Weekly volume was -9% below average.

HSY is a member of Consumer Staples Sector. Consumer Staples is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See HSY long-term trend chart]
A long-term downtrend had started on May 1, 2023 at 276.88 and reached 140.10 on February 5, 2025. HSY lost 136.78 points, or 49.40%, in 92 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (97.92) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See HSY medium-term trend chart]
A medium-term uptrend had started on February 5, 2025 at 140.10 and reached 239.48 on March 2, 2026. HSY gained -99.38 points, or -70.94%, in 55 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 175.15 and resistance is at 209.57. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.

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

The weekly MACD line is below its signal line since April 2, 2026. Use the following link to access a MACD help.

Short-term trend: [See HSY short-term trend chart]
A short-term downtrend had started on March 2, 2026 at 239.48 and reached 187.76 on April 22, 2026. HSY lost 51.72 points, or 21.60%, in 51 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 185.84 and resistance is at 205.42. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See HSY daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is below its signal line since March 3, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 25.60
Williams' Percentage Range (W%R) 86.30
Oversold
Lane's Stochastic (%D-Slow) 15.15
Oversold
Greed/Fear Indicator (GFI) 18.14
Oversold
Moving Average Converg./Diverg. (MACD) -5.86
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.45
Williams' Percentage Range (W%R) 74.90
Lane's Stochastic (%D-Slow) 24.46
Greed/Fear Indicator (GFI) 33.15
Moving Average Converg./Diverg. (MACD) 8.36
Trading Signals
Description Value Chart
Upper Bollinger Band 216.51
50 Day Moving Average 213.31
Quarterly Trendline Resistance 209.57
Weekly Trendline Resistance 205.42
20 Day Moving Average 200.24
Weekly Stochastic Crossing 197.24
Parabolic System 196.16
Price 191.48
Daily Stochastic Crossing 189.40
Weekly Trendline Support 185.84
Lower Bollinger Band 182.26
Quarterly Trendline Support 175.15
Sector and Industry
Description Name Rank
Sector Consumer Staples 2
Industry Packaged Foods & Meats 15
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 187.76
Low Date 04/22/2026
High 193.50
High Date 04/23/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 205.42
Support 185.84
High 239.48
High Date 03/02/2026
Low 187.76
Low Date 04/22/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 161.43
Low Date 11/03/2025
High 239.48
High Date 03/02/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 209.57
Support 175.15
Low 140.10
Low Date 02/05/2025
High 239.48
High Date 03/02/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 90.71
Support 97.92
High 276.88
High Date 05/01/2023
Low 140.10
Low Date 02/05/2025
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.