Hershey Co

HSY remains in a Stage 4 decline under declining EMAs, reinforcing a bearish medium-term bias. Price is extreme oversold near support and choppy under the 9/21 EMAs, which act as resistance. Given the risk of a countertrend bounce, selling should be deferred and trimmed into rallies toward the declining EMAs.

• ↑Q1 2026 EPS of $2.35 topped the $2.04 estimate on $3.10B revenue (+10.7% YoY)
• ↑Company reaffirms 2026 EPS guidance of $8.20–$8.52, expecting margin improvement
• ↓Growth factor concerns: revenue expansion pressured by persistent cocoa price inflation