Volatility Contraction Sets Up HSY Move Near $184.20
NeutralHershey Co (HSY) closed down 0.33% at $184.20 on December 29.
Technical indicators paint a bearish picture:
Moving Averages
Mixed signals with price near the 9-day EMA ($185.18). The 21-day EMA sits at $183.49.
Momentum
RSI at 49.9 is in neutral territory but trending lower. MACD is bearish (0.90 vs signal 0.96).
Volatility
Stock has been in a TTM Squeeze for 7 days, indicating compressed volatility and potential for a significant move.