HERSHEY CO/THE (HSY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:HSY - US4278661081 - Common Stock
We assign a technical rating of 10 out of 10 to HSY. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HSY is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, HSY did better than 78% of all other stocks. On top of that, HSY also shows a nice and consistent pattern of rising prices.
- HSY is one of the better performing stocks in the Food Products industry, it outperforms 89% of 87 stocks in the same industry.
- A new 52 week high is currently being made by HSY, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month HSY has a been trading in the 178.65 - 201.86 range, which is quite wide. It is currently trading near the high of this range.
- HSY has an average volume of 1653370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
HSY has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
164.29
3 important support areas can be observed.
- A support zone ranging from 182.44 to 189.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 176.46 to 179.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 165.95 to 169.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @197.77 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for HSY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HSY is up. |
| ChartMill Relative Strength | 78.2 | POSITIVE | HSY has a high relative strength, it outperformed 78.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HSY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HSY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HSY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.75 | NEUTRAL | The RSI value for HSY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.83 | POSITIVE | The MACD value suggests HSY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.07 | OVERBOUGHT | The high Stochastics value suggests HSY may be overbought. |
| Average True Range in percent/ATR (20) | 2.25 | MEDIUM VOLATILITY | The ATR as a percentage value for HSY suggests some volalility. |
| Average Directional Index/ADX (14) | 23.86 | NEUTRAL | The ADX value for HSY suggests a possible start of a new trend. |
197.76
-3.31 (-1.65%)
HERSHEY CO/THE / HSY FAQ
What is the technical rating for HSY stock?
ChartMill assigns a technical rating of 10 / 10 to HSY.
Can you provide the trend direction for HERSHEY CO/THE?
The current trend direction for HERSHEY CO/THE (HSY) is Bullish.
What is the RSI signal for HSY stock?
HERSHEY CO/THE (HSY) has an RSI value of 66.7467. This indicates that the stock is currently neutral.
What is the MACD signal for HSY stock?
The MACD indicator for HERSHEY CO/THE (HSY) has a value of 1.82605, indicating a bullish trend.
What is the support and resistance level for HSY stock?
HERSHEY CO/THE (HSY) has a support level at 189.95 and a resistance level at 197.77. Check the full technical report for our detailed analysis of HSY support and resistance levels.