(HSY) Trading Signals

January 05, 2024, 06:06 am ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for HSY

• Buy HSY slightly over 170.79 target 193.43 stop loss @ 170.3 Details

The technical summary data tells us to buy HSY near 170.79 with an upside target of 193.43. This data also tells us to set a stop loss @ 170.3 to protect against excessive loss in case the stock begins to move against the trade. 170.79 is the first level of support below 190.5 , and by rule, any test of support is a buy signal. In this case, support 170.79 would be being tested, so a buy signal would exist.

• Short HSY slightly under 193.43, target 170.79, stop loss @ 193.99 Details

The technical summary data is suggesting a short of HSY as it gets near 193.43 with a downside target of 170.79. We should have a stop loss in place at 193.99though. 193.43 is the first level of resistance above 190.5, and by rule, any test of resistance is a short signal. In this case, if resistance 193.43 is being tested, so a short signal would exist.

Swing Trading Plans for HSY

• Buy HSY slightly over 193.43, target 193.91, Stop Loss @ 192.87 Details

If 193.43 begins to break higher, the technical summary data tells us to buy HSY just slightly over 193.43, with an upside target of 193.91. The data also tells us to set a stop loss @ 192.87 in case the stock turns against the trade. 193.43 is the first level of resistance above 190.5, and by rule, any break above resistance is a buy signal. In this case, 193.43, 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 193.43, target 188.54, Stop Loss @ 193.99. Details

The technical summary data is suggesting a short of HSY if it tests 193.43 with a downside target of 188.54. We should have a stop loss in place at 193.99 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, 193.43, 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 192.99, target 193.43, Stop Loss @ 192.54 Details

If 192.99 begins to break higher, the technical summary data tells us to buy HSY just slightly over 192.99, with an upside target of 193.43. The data also tells us to set a stop loss @ 192.54 in case the stock turns against the trade. 192.99 is the first level of resistance above 190.5, and by rule, any break above resistance is a buy signal. In this case, 192.99, 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 192.99, target 188.54, Stop Loss @ 193.44. Details

The technical summary data is suggesting a short of HSY if it tests 192.99 with a downside target of 188.54. We should have a stop loss in place at 193.44 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, 192.99, 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 The Hershey Company (HSY) available here: HSY.

HSY Ratings for January 05:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Weak
P1	0	0	170.79
P2	192.99	188.54	193.43
P3	196.41	193.91	216.01

AI Generated Signals for HSY

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Trading The Hershey Company (NYSE: HSY) can be efficient and rewarding, especially in volatile markets, so long as the important pivot points for the stock are observed before making decisions to buy, sell, or short.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for HSY change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if HSY is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for HSY too.  All of these are offered below the Summary Table.