THE HERSHEY COMPANY - 1H - Technical analysis published on 07/22/2022 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Strongly bearish
Technical indicators
50%
0%
50%
My opinion
Bearish under 219.14 USD
My targets
214.25 USD (-0.74%)
210.22 USD (-2.61%)
My analysis
The basic trend is very bearish on THE HERSHEY COMPANY but buyers need to catch their breath in the short term. In a case like this, you could favour trades in the direction of the trend on THE HERSHEY COMPANY. As long as you stay below the resistance 219.14 USD, sellers' retain the upper hand. A break in the support at 214.25 USD would be a signal that the basic trend will reverse. Sellers would then use the next support located at 210.22 USD as an objective. Crossing it would then enable sellers to target 208.50 USD. If the price were to depress the resistance 219.14 USD in the short term, this would be a sign of possible consolidation in the short term, but against the trend trading would then perhaps be more risky. On the other hand, we could expect signals of a reversal of the trend.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.7
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Additional analysis
Quotes
The THE HERSHEY COMPANY rating is 215.85 USD. The price registered a decrease of -0.03% on the session and was traded between 215.44 USD and 216.82 USD over the period. The price is currently at +0.19% from its lowest and -0.45% from its highest.215.44
216.82
215.85
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by THE HERSHEY COMPANY:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of THE HERSHEY COMPANY in 1H shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the strongly bearish trend is showing signs of running out of steam. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 208.50 | 210.22 | 214.25 | 215.85 | 216.58 | 219.14 | 221.04 |
| Change (%) | -3.41% | -2.61% | -0.74% | - | +0.34% | +1.52% | +2.40% |
| Change | -7.35 | -5.63 | -1.60 | - | +0.73 | +3.29 | +5.19 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 212.51 | 213.60 | 214.75 | 215.84 | 216.99 | 218.08 | 219.23 |
| Camarilla | 215.29 | 215.50 | 215.71 | 215.91 | 216.12 | 216.32 | 216.53 |
| Woodie | 212.55 | 213.62 | 214.79 | 215.86 | 217.03 | 218.10 | 219.27 |
| Fibonacci | 213.60 | 214.45 | 214.98 | 215.84 | 216.69 | 217.22 | 218.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 206.91 | 211.17 | 213.99 | 218.25 | 221.07 | 225.33 | 228.15 |
| Camarilla | 214.85 | 215.50 | 216.15 | 216.80 | 217.45 | 218.10 | 218.75 |
| Woodie | 206.18 | 210.81 | 213.26 | 217.89 | 220.34 | 224.97 | 227.42 |
| Fibonacci | 211.17 | 213.88 | 215.55 | 218.25 | 220.96 | 222.63 | 225.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 182.62 | 192.13 | 203.64 | 213.15 | 224.66 | 234.17 | 245.68 |
| Camarilla | 209.38 | 211.31 | 213.23 | 215.16 | 217.09 | 219.01 | 220.94 |
| Woodie | 183.63 | 192.63 | 204.65 | 213.65 | 225.67 | 234.67 | 246.69 |
| Fibonacci | 192.13 | 200.16 | 205.12 | 213.15 | 221.18 | 226.14 | 234.17 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.31 | |
| MACD (12,26,9): | -0.1300 | |
| Directional Movement: | 0.07 | |
| AROON (14): | 21.42 | |
| DEMA (21): | 215.65 | |
| Parabolic SAR (0,02-0,02-0,2): | 214.56 | |
| Elder Ray (13): | 0.13 | |
| Super Trend (3,10): | 217.91 | |
| Zig ZAG (10): | 216.05 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 71.85 | |
| TEMA (21): | 216.04 | |
| Williams %R (14): | -32.86 | |
| Chande Momentum Oscillator (20): | 1.74 | |
| Repulse (5,40,3): | -0.0800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.44 |
| MA7: | 216.16 | |
| MA20: | 218.37 | |
| MA50: | 214.83 | |
| MA100: | 215.45 | |
| MAexp7: | 216.00 | |
| MAexp20: | 215.92 | |
| MAexp50: | 216.62 | |
| MAexp100: | 217.03 | |
| Price / MA7: | -0.14% | |
| Price / MA20: | -1.15% | |
| Price / MA50: | +0.47% | |
| Price / MA100: | +0.19% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.36% | |
| Price / MAexp100: | -0.54% |
Quotes :
-
15 min delayed data
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NYSE Stocks
News
The last news published on THE HERSHEY COMPANY at the time of the generation of this analysis was as follows:
- Hershey to Webcast Second-Quarter Conference Call
- Thinking about trading options or stock in Tesla, Daqo New Energy, Hershey, Humana, or Consolidated Edison?
- The Hershey Company Donates Hershey Theatre to The M.S. Hershey Foundation
- Live From Times Square, It's What Chocolate and Peanut Butter Dreams are Made Of: Reese's NEW Stuff Your Cup Experience
- S'mores Season is Here with a New Spin On This Classic Treat
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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