$Hershey(HSY)$ πΊπ ±ππ »π »π Έππ ·πΊ Swing to $200
π«ππ΅ HSYβs Sweet Ride to $200 β Swinging Strong in the Channel! π΅ππ«
Kia ora Tiger traders!
π« Letβs dive into Hershey Co. ($HSY), a stock thatβs on a swing-filled journey with a shot at returning to $200! This tasty play brings together technical swing analysis, capital flow insights, and a look at the big playersβ moves. Could this be the sweet spot for your portfolio?
π Channel Swing Setup: Pathway to $200
Hershey is currently trading at $181.00, up 0.54% overnight, showing early signs of strength! The price is moving within a descending channel with solid support around $178.82. The next resistance point is $222.47, making $200 a realistic target for this swing play.
πΈ Support: $178.82
πΈ Resistance: $222.47
πΈ Short-Term Target: $200 β Letβs see if it breaks out of this channel!
π‘ Holiday Season Alert: Hersheyβs stock often sees a bump in demand around festive periods. Could a Santa Claus rally be in store? π π«
π οΈ Capital Flow Analysis: Whereβs the Money Going?
The capital flow analysis shows a tug-of-war between inflows and outflows, hinting at a potential balance of power between buyers and sellers:
β’ Inflow: $65.82M
β’ Big Inflow: $8.63M
β’ Median Inflow: $2.10M
β’ Small Inflow: $55.08M
β’ Outflow: $62.50M
β’ Big Outflow: $5.61M
β’ Median Outflow: $852.09K
β’ Small Outflow: $56.03M
Inflow Dominance: 42.93% versus Outflow at 43.67% ~ closely matched, signalling a possible turning point! Traders are on the edge, watching for any shifts in flow to confirm a breakout. π΅οΈ
π΅οΈ Block Orders & Large Orders Detection
Block orders provide an insight into the big playersβ moves, with significant buys detected at key levels:
β’ Sell Order: $197.50, Volume: 6.00K
β’ Buy Orders:
β’ $174.02, Volume: 500
β’ $170.01, Volume: 200
β’ $178.54, Volume: 100
πΌ Smart Money Moves:
Large buy orders around $170β$178 could indicate strong interest in these levels. Are institutions gearing up for a ride back to $200?
π Analyst Sentiment: Cautious Optimism?
While JP Morgan and Deutsche Bank have both reduced their price targets slightly, theyβre still keeping Hershey in a Hold pattern with room for upside:
β’ π‘ JP Morgan: Target set at $180
β’ π‘ Deutsche Bank: Revised target at $190
Current Analyst Ratings:
β’ π’ Buy: 2
β’ π‘ Hold: 5
β’ π΄ Sell: 3
π¬ Analyst Insight: βHersheyβs dividend yield of 2.85% and brand strength provide a sweet cushion for long-term investors, though growth remains moderate.β
π Swing Trade Strategy: Sweet Spot Entry π«
With $HSY poised within the channel, hereβs a potential swing strategy:
β’ Entry Zone: $181
β’ Exit Target: $200
As capital flows hover in balance and large buy orders appear at key support, the technical swing towards $200 looks set to deliver for the bulls!
Happy trading ahead. Cheers, BC π
@Tiger_comments @Daily_Discussion @TigerStars @TigerPM @TigerObserver @TigerPicks @TigerWire @TigerGPT
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Based on the available information, there are several factors contributing to the movement of Hershey Co. ($HSY) stock:
Sales Performance and Halloween Season: Analysts have reported a decline in Hershey's sales for the 4- and 12-week periods leading up to October 19 compared to the previous year. This suggests that Hershey may experience a weak Halloween season and has lost market share to other candy companies. The weak sales trends could potentially impact the company's financial performance.
Capital Flow Analysis: The capital flow data for Hershey indicates a balance between inflows and outflows, with a total inflow of $65.82 million and a total outflow of $62.50 million on a single trading day. This suggests that there is ongoing activity and a potential balance of power between buyers and sellers.
Analyst Recommendations: Analyst sentiment towards Hershey is mixed, with 2 analysts recommending a buy, 5 analysts recommending a hold, and 3 analysts recommending a sell. Some analysts have reduced their price targets slightly but still maintain a hold pattern with room for upside potential.
Dividend Yield and Brand Strength: Hershey's dividend yield of 2.85% and brand strength are seen as positive factors by analysts, providing a potential cushion for long-term investors. However, the growth prospects for the company are seen as moderate.
Market News and Initiatives: Hershey has recently inaugurated three public primary schools in CΓ΄te d'Ivoire as part of its commitment to cocoa-growing communities. While this initiative may not have an immediate impact on the stock's price, it reflects Hershey's efforts to expand access to education and support the communities involved in cocoa production.
It's important to note that stock movements are influenced by multiple factors and can be subject to volatility. The information provided here is based on available data and news articles, and it's always recommended to conduct thorough research and analysis before making any investment decisions.
Risk Disclaimer: The information provided here is for reference purposes only and does not constitute investment advice. Trading stocks involves risks, and it's important to carefully consider your investment objectives and risk tolerance before making any investment decisions.
Love Hershey π kisses πππ!
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