How the price action of Hershey Company ($HSY) is used to our Advantage

May 05, 2023, 20:00 pm ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for HSY

• Buy HSY slightly over 244.81 target n/a stop loss @ 244.1. Details

The technical summary data tells us to buy HSY near 244.81, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 244.1 to protect against excessive loss in case the stock begins to move against the trade. 244.81 is the first level of support below 275.33, and by rule, any test of support is a buy signal. In this case, if support 244.81 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for HSY

• Buy HSY slightly over 280.73, target n/a, Stop Loss @ 279.92 Details

If 280.73 begins to break higher, the technical summary data tells us to buy HSY just slightly over 280.73, with an upside target of n/a. The data also tells us to set a stop loss @ 279.92 in case the stock turns against the trade. 280.73 is the first level of resistance above 275.33, and by rule, any break above resistance is a buy signal. In this case, 280.73, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short HSY slightly near 280.73, target 274.75, Stop Loss @ 281.54. Details

The technical summary data is suggesting a short of HSY if it tests 280.73 with a downside target of 274.75. We should have a stop loss in place at 281.54 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 280.73, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for HSY

• Buy HSY slightly over 276.71, target 280.73, Stop Loss @ 276.06 Details

If 276.71 begins to break higher, the technical summary data tells us to buy HSY just slightly over 276.71, with an upside target of 280.73. The data also tells us to set a stop loss @ 276.06 in case the stock turns against the trade. 276.71 is the first level of resistance above 275.33, and by rule, any break above resistance is a buy signal. In this case, 276.71, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short HSY slightly near 276.71, target 274.75, Stop Loss @ 277.36. Details

The technical summary data is suggesting a short of HSY if it tests 276.71 with a downside target of 274.75. We should have a stop loss in place at 277.36 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 276.71, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Hershey Company (HSY) available here: HSY.

HSY Ratings for May 05:

Term →	Near	Mid	Long
Rating	Strong	Strong	Neutral
P1	0	0	221.27
P2	273.34	274.75	233.28
P3	276.71	280.73	244.81

AI Generated Signals for HSY

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Hershey Company (NYSE: HSY) data table below can help you with price action, and we have more details too. Trading plans for HSY are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.