$HSY The Hershey Company- Potential Reversal - End of Week Reversal - Range VAL (Value Area Low) Support - Range Fib GP support - Weekly Bullish Divergences - Support LOI $150.47 - Upside Trigger $156.70by xclusivetradingeurope1
$HSY: A Potential Bargain for Dividend InvestorsThe chocolate giant NYSE:HSY might be approaching a price bottom ahead of Thursday's earnings The stock of The Hershey Company ( NYSE:HSY ) has now triggered my favorite technical indicator, a Bollinger Bands and RSI oversold signal on a weekly chart (see Chart 1) This suggests that we might see a price reversal soon if the company effectively addresses its current challenges Earnings Expectations and Volatility: The options market anticipates a price movement of approximately +/-3.8% following Thursday's earnings Recent Price Pressures: - Surging Cocoa Prices: Cocoa prices have skyrocketed (see Chart 2), but I believe this might be a bubble ready to burst as such short-term sharp rises are usually not sustainable - Declining Demand: There's been a noticeable decrease in sweets consumption, influenced by the rising trend of weight loss medications. I can't imagine that humanity will be deprived of sweets forever 😅 Fundamental Insights: Chart 3 highlights key financial metrics for NYSE:HSY : - Market Capitalization: ~$30 billion - Cash Reserves: Approximately $600 million - Debt: $5.6 billion, indicating a manageable financial structure for a company of Hershey's stature to weather further market turbulence - P/E Ratio: Now at 17, which starts to look appealing - Dividend Yield: At 3.7%, it's particularly attractive for European investors seeking income Investment Considerations: Given that this potential reversal signal appears on a weekly chart, expect significant volatility around the earnings announcement Also the bottoming process can take several months and a capitulation event after earnings could be possible However, with these signals, an attempt at a price recovery around earnings seems quite probableLongby OfficerDonutUpdated 3
Do you like chocolate? (HSY)NYSE:HSY Came up on my alerts last Friday (see below) as a Spike of Volume Profile Support. Price rallied from the Spike almost immediately but has since returned for an opportunity to take this trade. Since the Volume Profile POC is based on the Weekly trend from COVID low > All Time High this trade can be setup as a long term position with the Risk management laid out in the chart above. I would call this an attempt to catch a bottom in the "Valley of Risk" that the stock is currently within. The above chart is the 30 minute timeframe Spike that triggered the alert. This trade never came back before reaching the 3:1 target. However, we can consider the 2 hour timeframe for more tactical risk management as it is still valid: Managing risk on the 2 Hour timeframe gives a tight stop just below the Spike low. At which point we can derisk.Longby norok14
HSY to $160My trading plan is very simple. I buy or sell when price tags the top or bottom of parallel channels. I confirm when price hits Fibonacci levels. So... Here's why I'm picking this symbol to do the thing. Price at or near bottom topof channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at oversold level VBSM is spiked negative and below Bollinger Band Entry at $151.60 Target is $160 or channel top Longby chancethepugUpdated 5
bear call spread on HSY over earningsThe weekly chart looks like death. Monthly doesn't look a lot better for the bulls. PLUS, this gap on a Monday? Bear gap and go? AND you can get $1.25 credit? on a $10 spread for less than 40 days. I dig it Shortby ReallifetradingUpdated 0
HSY Triple Top - Crawling Into EarningsBearish technical setup for HSY coming into their Q3 Earning's on 11/7. Anything less than a big beat could take Hershey down to new lows at around $170 support. Shortby Gooby_Trades0
HSY Trends, Price targets, projectionsLots of talk around this one. Makes sense with swing state Michigan and F probably having a similar issue Either way, they make some good candy Long term has been historically really good Long term doesn't predict future I'm leaving this mostly neutral because I have an idea/guess to the heading but I'm not at all confident in that. If you want to know, leading towards bullish, barely. All depends on which trends start to break out and confirm movements and which price targets. Either way, timing is weird for a swing state which may mean absolutely nothing, but still. Weird enough to question. Push all politics aside, Do they make something good, lasting and sells itself? Do you believe in it long term enough that even should you screw up a trade, you're backed up in the bullish direction. When to enter? Again, I'm just not sure at the moment. Good luck and hope this chart might help!by nicktussing770
Hershey ready to moveI took a position in hershey for a few reasons. One is that it is at the bottom of the range, second is that it is showing bullish divergence on the MACD, and third is because the price of COCOA looks to me as if it is on its way to test the 200 week SMA (50%) down. Cocoa down 50% will be a direct tailwind for this company. All things considered above, you can also say that at 18 p.E this is a relatively cheap stock relative to the rest of the market, and it is indeed growing EPS at a fairly good rate. Brand is solid as well.Longby MikeMM229
HSY rebounding from support.HSY has been in a channel since Oct. 2023 after falling from highs of $276 in 2023. Right now, it is just rebounding from a strong support level from the $180ish level. Expect to test resistance at $210.Longby saqibshah213
Chocolate makes you happy? Why not have both ? Eat the chocolate and make the profits , haha? Wait for it or nibble some when it breaches the resistance at 193.53 or wait for it to fall further to the support level at 174.58..... Christmas is coming ......what other better gifts than chocolate, the old tradition?Longby dchua1969Updated 226
Hershey Company - Bullish trend incomingHershey has completed the accumulative range of 6-month after the stock broke out of the range at 204.03 resistance turned support. Prices has also trends above all Ichimoku indicators and is likely to trend higher targeting 227.49, 238.96 and 259.44. Furthermore, all momentum indicators are showing strong bullish sentimentLongby William-trading1
Hershey 41924Hershey in a clear bottom of the range and buy zone. I see it moving higher where many are calling it lower bc of cocoa prices. I just see it doing the opposite of what the herd believes. Bullish af on REAL THINGS and chocolate is a huge industry that will grow. When times get tough, ppl always seek out comfort . Hershey is that comfort. In a crazy scenario it could follow cocoa not get pushed down further esp if cocoa backs off and remains stable. The buck passed down to the customer who always pays itby BrandonrG4
Hershey: IHS and A Chocolate DividendFundamentals: I am not relying on fundamental analysis for this stock, but only technical analysis. Technicals: Daily: Inverse Head and Shoulders pattern Stage 3 uRd Weekly: uRd Longby RocketmanUpdated 1
Short $HSY short opportunity for NYSE:HSY ? NYSE:HSY looks like a great short opportunity to me for the following reasons: - Apparent stage four decline (stage analysis) - Bear flag chart pattern on all time frames, especially longer-term. - Fibonacci confluence. Shortby austriancapitaltheory0
Time to load up on this counter - HSYIt has come down more than 33% from its peak and the staggering high cocoa price has not help in the share price at all. Support zone (buying zone) is around 170-183 price level which I will start buying slowly. Please DYODDLongby dchua1969Updated 113
A good chocolates Earnings was not so exiting because of cocoa overpriced Price near lower border of short term channel up can be a good entry point with a target of 207$ next week Can also be interesting under a long term view Longby balinorUpdated 556
Hershey Company Unveils Aggressive Cost-Cutting MeasuresThe Hershey Company (NYSE: NYSE:HSY ) has announced a two-year restructuring program aimed at generating substantial cost savings. This initiative comes in response to recent quarterly performance that fell short of Wall Street expectations, coupled with concerns about consumer spending trends and rising input costs. The maker of Reese's Peanut Butter Cups plans to trim approximately $300 million in pre-tax expenses through the restructuring effort. While this news initially boosted investor sentiment, it highlights the challenges facing Hershey ( NYSE:HSY ) in navigating a competitive landscape with shifting consumer behaviors and economic uncertainties. The restructuring, expected to impact less than 5% of the company's workforce, will entail up to $60 million in severance expenses. Hershey ( NYSE:HSY ) is committed to optimizing operational efficiency and agility in the face of evolving market dynamics. However, Hershey's struggles are not isolated. Industry peer, Mondelez International (NASDAQ: NASDAQ:MDLZ ), also reported volume declines in the fourth quarter. Both companies cite factors such as inflation and price hikes deterring consumer spending on indulgent treats like chocolates and candies. Future Outlook Looking ahead, Hershey's outlook for 2024 remains cautious, with projected net sales growth of 2% to 3% year-on-year falling short of analyst estimates. Similarly, adjusted earnings per share are anticipated to remain flat compared to the previous year, a departure from analysts' expectations of growth. CEO Michele Buck has attributed these conservative forecasts to anticipated challenges, including elevated cocoa prices exerting pressure on profit margins. Despite the tempered outlook, Hershey ( NYSE:HSY ) remains committed to delivering value to its shareholders, evidenced by a 15% increase in quarterly dividends. The company boasts a global workforce of approximately 18,075 full-time and 1,790 part-time employees, underscoring its significance as a major employer. Conclusion: The Hershey Company's ( NYSE:HSY ) unveiling of a comprehensive cost-cutting initiative amidst lackluster forecasts highlights the complex realities facing consumer goods companies in today's volatile market environment. As it embarks on this ambitious restructuring journey, Hershey ( NYSE:HSY ) remains focused on enhancing operational efficiency, adapting to evolving consumer preferences, and delivering long-term value to stakeholders in the face of formidable challenges. by DEXWireNews1
HSY LONG IDEALong term trade idea on HSY. Support tested multiple times at 200 SMA. Great time to enter nowLongby JonasBuusJ330
$HSY testing crucial supportBought NYSE:HSY at USD193 for low-risk high-return trade. Reason to enter: Testing weekly 200SMA with bullish ice cream bar formed at crucial support level. Entry: USD193 TP: USD208 - 237 SL: USD182 Third trade of 2024. Let's go! Longby timothyting182
Zach says, "It's a Hammer!"Zach December 27th, 2023 He said, "It's below the line... that's a hammer!"Longby AustinKluver00
HERSHEY: $195 multi Generational Wealth Stockthe undisputed chocolate of the world popularize on TV when Soldiers give; that chocolate bar as an icebreaker to be friend or immerse with the locals in a conflicted coountry a treat everybody loves Cap at $40bn cocoa at $3474 from $2k; demand is at all time highs extensive network of distribution and acquisition for growth and a new CTO installed coming from Google to cater to the Tiktok Generation of the future Mr. Beast is an opportunity to enter while price is dumping definitely a TRADE not an investment and maybe when MR Beast goes Public could be the Hershey of next Generation by senyorUpdated 2211
HSY - Long term opportunityI tend to focus on technical plays. I like Hershey here, but more so for fundamental reasons. Management's recent earnings forecast is solid; management also tends to be conservative in estimates. The company certainly faces headwinds that shouldn't be ignored - continued inflation, the attention weight loss drugs are getting, and cocoa prices are at multi-decade highs. Current PE is 19.64 while the historical PE ratio over the last five years is 24.75. That's 26% above where it currently stands. There may be some further downside, but I think ultimately much of the risk is priced into the stock. HSY pays a dividend, but I don't see the yield at 2.6% as very material. Alas, even on long-term buys, I focus on technical indicators to support the timing of entry. In this case, we have a stock at a 24-month low sitting at strong support. The MACD is showing positive divergence, as well. I plan to play this by writing aggressive near the money puts in the volume shelf. Should I take ownership, I'll write covered calls. Not a recommendation.Longby ChartEnvyUpdated 1