The Greedy Trader Weekly Analysis
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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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- 7/10/2026 -
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The Hershey Company (HSY) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineWilliams' Percentage Range is oversold
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARBearish Downside Tasuki Gap CandlestickLane's Stochastic is oversoldPrice is near the Fibonacci 23.6% retracement levelThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the The Hershey Company (HSY). During the week, the HSY dropped -8.48 points, or -4.66%, and closed at 173.66 on Friday, July 10, 2026. Weekly volume was 26% 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 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 (90.73) 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 downtrend had started on March 2, 2026 at 239.48 and reached 167.77 on June 22, 2026. HSY lost 71.71 points, or 29.94%, in 16 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 163.03 and resistance is at 177.30. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See HSY weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. 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 link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since April 2, 2026. 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 downtrend had started on June 24, 2026 at 183.56 and reached 170.85 on July 9, 2026. HSY lost 12.71 points, or 6.92%, in 15 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See HSY daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. Use the following link to access Lane's Stochastic help.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below 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.

Candlestick pattern: [See HSY candlestick chart pattern]
On Friday the chart has formed a Bearish Downside Tasuki Gap Candlestick pattern. This is a rare continuation formation that appears in a strongly downward moving market. The reliability of the Bearish Downside Tasuki Gap pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Downside Tasuki Gap Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.02
Williams' Percentage Range (W%R) 74.20
Lane's Stochastic (%D-Slow) 18.02
Oversold
Greed/Fear Indicator (GFI) 31.61
Moving Average Converg./Diverg. (MACD) -2.65
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.72
Williams' Percentage Range (W%R) 94.00
Strong Oversold
Lane's Stochastic (%D-Slow) 22.39
Greed/Fear Indicator (GFI) 23.80
Moving Average Converg./Diverg. (MACD) -1.28
Trading Signals
Description Value Chart
Upper Bollinger Band 185.69
50 Day Moving Average 183.63
Parabolic System 182.73
20 Day Moving Average 177.70
Monthly Trendline Resistance 177.30
Weekly Stochastic Crossing 176.19
Price 173.66
Daily Stochastic Crossing 172.41
Lower Bollinger Band 170.73
Monthly Trendline Support 163.03
Sector and Industry
Description Name Rank
Sector Consumer Staples 5
Industry Packaged Foods & Meats 46
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 183.56
High Date 06/24/2026
Low 170.85
Low Date 07/09/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 200.00
High Date 05/27/2026
Low 167.77
Low Date 06/22/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 177.30
Support 163.03
High 239.48
High Date 03/02/2026
Low 167.77
Low Date 06/22/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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 77.77
Support 90.73
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.