HERSHEY CO/THE (HSY)       241.2  +4.92 (+2.08%)

241.2  +4.92 (+2.08%)

US4278661081 - Common Stock

Technical Rating

7

Overall HSY gets a technical rating of 7 out of 10. HSY has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.



The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When comparing the yearly performance of all stocks, we notice that HSY is one of the better performing stocks in the market, outperforming 80% of all stocks.
HSY is one of the better performing stocks in the Food Products industry, it outperforms 81% of 105 stocks in the same industry.
HSY is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
In the last month HSY has a been trading in the 213.04 - 236.49 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

Statistics

1 Month 3 Months 6 Months 12 Months 5.92% 3.17% 4.04% 16.52% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 80.53 193.09 - 242.635
HSY Weekly chart
HSY Daily chart

Support/Resistance Analysis


212.36

243.73
3 important support areas can be observed.
  • A support zone ranging from 239.96 to 239.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 223.38 to 229.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 214.51 to 215.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
  • Resistance @241.32 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

2

Although HSY has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.


HSY Daily chart

HERSHEY CO/THE241.2

NYSE:HSY (2/6/2023, 12:27:05 PM)+4.92 (+2.08%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Consumer Staples
GICS Industry Food Products

Performance
Today 2.08% 1 Week 8.01%
2 Weeks 10.14% 1 Month 5.92%
3 Month 3.17% 6 Month 4.04%

Volatility
ATR(14) 4.84 ATR(20)% 1.84%
ATR Inc 90.26% Range Today 4.89

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 80.53 Mansfield 0.37
10 Day High 236.49 10 Day Low 214.67
20 Day High 236.49 20 Day Low 213.05
52 Week High 242.64 52 Week Low 193.09
CS1 End 229.46 CR1 Start 239.96

Volume & EV
DER(3) 1.87% DER(5) 1.76%
Volume 872.54K Volume Incr 55.01%
Vol(5) 1.49M Vol(50) 935.10K

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