HSY Hershey is looking at a potential bottoming out after showing strong bullish breakaway gap on 6th Feb 2025, first sign of a strong bottom rebound. Furthermore, the stock has formed a v-shaped bottom pattern and recent bullish candle has closes above the ichimoku's cloud, making the latest sign of a strong bullish confirmation based on ichimoku signal. Long-term MACD has shown a clear return of bullish momentum after 1.) A crossover at the bottom and 2.) Histogram is positive.
Stochastic OScillator rose and has closed confirmed the oversold crossover and bullish momentum.
23-period ROC is rising.
We believe that HSY will likely stage a strong rebound as the weekly chart shows clear ending of the ABC corrective structure. Furthermore, 14-period RSI in the weekly chart shows a clear confirmation of a bullish divergence.
https://www.tradingview.com/x/vzGcWRR6/
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.