Hershey Company (The) Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Hershey Company (The) stock price up 1.13% on Thursday
(Updated on May 02, 2024)
The Hershey Company (The) stock price gained 1.13% on the last trading day (Thursday, 2nd May 2024), rising from $193.70 to $195.88. During the last trading day the stock fluctuated 1.21% from a day low at $194.13 to a day high of $196.47. The price has risen in 7 of the last 10 days and is up by 5.96% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 770 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $454.93 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.32% during the next 3 months and, with a 90% probability hold a price between $176.54 and $195.17 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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HSY Signals & Forecast
The Hershey Company (The) stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $191.06 and $192.09. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 7.36%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Hershey Company (The) stock
Hershey Company (The) finds support from accumulated volume at $193.92 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.34 (1.21%) between high and low. For the last week, the stock has had daily average volatility of 1.93%.
Our recommended stop-loss: $187.58 (-4.24%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (HSY) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Hershey Company (The) to open at $195.49, and during the day (based on 14 day Average True Range), to move between $192.07 and $199.69, which gives a possible trading interval of +/-$3.81 (+/-1.94%) up or down from last closing price. If Hershey Company (The) takes out the full calculated possible swing range there will be an estimated 3.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $193.92 (1.00%) than the resistance at $198.03 (1.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Hershey Company (The) will release earnings BMO on Friday, May 03, 2024.The consensus among the analysts for the expected earnings (EPS) is $2.74. We will update the financials statements for Hershey Company (The), that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.16% in the first trading day after earnings release.
Is Hershey Company (The) stock A Buy?
Hershey Company (The) holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.008 Hold/Accumulate Unchanged
Predicted Opening Price for Hershey Company (The) of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $195.49 ( 0.197%) | $195.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HSY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 197.83 | 1.00 % | |
| R2 | 196.94 | 0.541 % | ||
| R1 | 196.39 | 0.259 % | ||
| Current price: | 195.88 | |||
| Support | S1 | 194.60 | -0.654 % | |
| S2 | 194.05 | -0.94 % | ||
| S3 | 193.15 | -1.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 202.31 | 3.28 % | |
| R2 | 199.31 | 1.75 % | ||
| R1 | 198.03 | 1.10 % | ||
| Current price | 195.88 | |||
| Support | S1 | 193.92 | -1.00% | |
| S2 | 193.54 | -1.19% | ||
| S3 | 192.47 | -1.74% |
HSY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 08, 2024 | Feb 20, 2024 | Mar 15, 2024 | $1.37 | 0.708% |
| 2 | Feb 08, 2024 | Feb 16, 2024 | Mar 15, 2024 | $1.37 | 0.708% |
| 3 | Oct 25, 2023 | Nov 16, 2023 | Dec 15, 2023 | $1.19 | 0.655% |
| 4 | Jul 26, 2023 | Aug 17, 2023 | Sep 15, 2023 | $1.19 | 0.561% |
| 5 | Apr 25, 2023 | May 18, 2023 | Jun 15, 2023 | $1.04 | 0.397% |
FAQ
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