Hershey Stock Forecast - Potential Upside
| HSY Stock | USD 174.95 0.95 0.55% |
Hershey Stock Forecast is based on your current time horizon.
Hershey |
Open Interest Against 2024-11-22 Hershey Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Hershey's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Hershey's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Hershey stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Hershey's open interest, investors have to compare it to Hershey's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Hershey is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Hershey. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
| Check Hershey Volatility | Backtest Hershey | Information Ratio |
Hershey Trading Date Momentum
| On November 21 2024 Hershey Co was traded for 174.95 at the closing time. Highest Hershey's price during the trading hours was 175.66 and the lowest price during the day was 173.21 . The net volume was 1.2 M. The overall trading history on the 21st of November did not cause price change. The trading delta at closing time to current price is 0.54% . |
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Other Forecasting Options for Hershey
For every potential investor in Hershey, whether a beginner or expert, Hershey's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Hershey Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Hershey. Basic forecasting techniques help filter out the noise by identifying Hershey's price trends.Hershey Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Hershey stock to make a market-neutral strategy. Peer analysis of Hershey could also be used in its relative valuation, which is a method of valuing Hershey by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Hershey Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Hershey's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Hershey's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
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| Volume Indicators |
Hershey Market Strength Events
Market strength indicators help investors to evaluate how Hershey stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hershey shares will generate the highest return on investment. By undertsting and applying Hershey stock market strength indicators, traders can identify Hershey Co entry and exit signals to maximize returns.
| Accumulation Distribution | 17088.34 | |||
| Daily Balance Of Power | 0.3878 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 174.44 | |||
| Day Typical Price | 174.61 | |||
| Price Action Indicator | 0.99 | |||
| Period Momentum Indicator | 0.95 |
Hershey Risk Indicators
The analysis of Hershey's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Hershey's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting hershey stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.9188 | |||
| Standard Deviation | 1.25 | |||
| Variance | 1.56 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Hershey Stock Analysis
When running Hershey's price analysis, check to measure Hershey's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hershey is operating at the current time. Most of Hershey's value examination focuses on studying past and present price action to predict the probability of Hershey's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hershey's price. Additionally, you may evaluate how the addition of Hershey to your portfolios can decrease your overall portfolio volatility.