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Archive
- 11/8/2024 -
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The Hershey Company (HSY) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the The Hershey Company (HSY). During the week, the HSY dropped -3.60 points, or -2.01%, and closed at 175.70 on Friday, November 8, 2024. Weekly volume was 59% above average.
HSY is a member of Consumer Staples Sector. Consumer Staples is the 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 171.70 on November 7, 2024. HSY lost 105.18 points, or 37.99%, in 79 weeks. Price is near the trend low.
 Medium-term trend: [See HSY medium-term trend chart]
A medium-term downtrend had started on September 10, 2024 at 205.77 and reached 171.70 on November 7, 2024. HSY lost 34.07 points, or 16.56%, in 8 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 170.89 and resistance is at 178.63. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See HSY weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly 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 weekly MACD line is below its signal line since October 4, 2024. This is an indication that the medium-term trend is down. 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 November 7, 2024 at 171.70 and reached 175.80 on November 8, 2024. HSY gained -4.10 points, or -2.39%, in 1 days. Price is near the trend high.
 Daily Technical Indicators: [See HSY daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range.
The daily MACD line is below its signal line since September 17, 2024. The distance between MACD and the signal line is low and getting smaller.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Consumer Staples |
1 |
| Industry |
Packaged Foods & Meats |
20 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
171.70 |
| Low Date |
11/07/2024 |
| High |
175.80 |
| High Date |
11/08/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
171.70 |
| Low Date |
11/07/2024 |
| High |
175.80 |
| High Date |
11/08/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Valid |
| Resistance |
178.63 |
| Support |
170.89 |
| High |
205.77 |
| High Date |
09/10/2024 |
| Low |
171.70 |
| Low Date |
11/07/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
211.92 |
| High Date |
05/14/2024 |
| Low |
171.70 |
| Low Date |
11/07/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
276.88 |
| High Date |
05/01/2023 |
| Low |
171.70 |
| Low Date |
11/07/2024 |
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