|
|
Downtrend Broken Resist.Archive
- 12/13/2024 -
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 first positive week for the The Hershey Company (HSY). During the week, the HSY gained 8.40 points, or 4.81%, and closed at 183.10 on Friday, December 13, 2024. Weekly volume was 404% above average.
 Long-term trend: [See HSY long-term trend chart]
A long-term downtrend had started on May 1, 2023 at 276.88 and reached 168.20 on November 19, 2024. HSY lost 108.68 points, or 39.25%, in 81 weeks. The price is now at the 13.71% retracement level.
 Medium-term trend: [See HSY medium-term trend chart]
A medium-term downtrend had started on September 10, 2024 at 205.77 and reached 168.20 on November 19, 2024. HSY lost 37.57 points, or 18.26%, in 10 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (160.59) 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 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 October 4, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 19, 2024 at 168.20 and reached 205.76 on December 9, 2024. HSY gained -37.56 points, or -22.33%, in 20 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 176.21 and resistance is at 193.87. 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 short-term trend.
Daily Technical Indicators: [See HSY daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since November 21, 2024. This is an indication that the short-term trend is up.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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.
| |
|
|