|
|
S&P 500 Oversold StocksArchive
- 5/10/2024 -
Sign In to see current Signals. |
The Hershey Company (HSY) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was a third positive week after 4 consecutive negative weeks for the The Hershey Company (HSY). During the week, the HSY gained 6.86 points, or 3.47%, and closed at 204.78 on Friday, May 10, 2024. Weekly volume was 18% 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 142.09 and resistance is at 214.01. 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 downtrend had started on May 1, 2023 at 276.88 and reached 178.82 on December 21, 2023. HSY lost 98.06 points, or 35.42%, in 33 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (179.88) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. HSY may retest the broken resistance line. It is considered to be a support line now. 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 medium-term trend.
 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. 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 February 8, 2024 at 209.68 and reached 180.44 on April 17, 2024. HSY lost 29.24 points, or 13.95%, in 69 days. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (180.05) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. HSY may retest the broken resistance line. It is considered to be a support line now. 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 short-term trend.
 Daily Technical Indicators: [See HSY daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, 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, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is above its signal line since April 26, 2024. The distance between MACD and the signal line is relatively high and getting bigger.
| |
|
|