The best indicator for Hershey Company (The) (HSY)
We backtested 20 indicators across daily, weekly and hourly charts on real Hershey Company (The) (HSY) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
EMA 20/50 Cross
On the weekly chart, this is the strongest risk-adjusted edge we found for Hershey Company (The) (HSY) over ~46.4 years — trailing buy-and-hold by 2.0% CAGR.
The winner on each chart
Every indicator, ranked
Ranked by Sharpe (risk-adjusted return). Hypothetical, fees included.
| # | Indicator | TF | CAGR | Sharpe | Max DD | Win | Trades | vs B&H |
|---|---|---|---|---|---|---|---|---|
| 1 | EMA 20/50 Cross ✓ | Weekly | 12.6% | 0.69 | -40.5% | 73.3% | 15 | -2.0% |
| 2 | EMA 50/200 Cross ✓ | Daily | 11.0% | 0.63 | -40.5% | 53.8% | 26 | -3.6% |
| 3 | SMA 50/200 Cross ✓ | Daily | 8.9% | 0.53 | -44.4% | 51.6% | 31 | -5.8% |
| 4 | Money Flow Index | Daily | 6.7% | 0.51 | -44.0% | 77.4% | 53 | -7.9% |
| 5 | Williams %R ✓ | Daily | 6.5% | 0.49 | -39.0% | 66.7% | 306 | -8.1% |
| 6 | EMA 20/50 Cross ✓ | Daily | 7.0% | 0.46 | -45.5% | 45.1% | 102 | -7.7% |
| 7 | CCI ✓ | Daily | 5.8% | 0.46 | -32.2% | 70.7% | 225 | -8.9% |
| 8 | WaveTrend (8/6/4) ✓ | Daily | 6.3% | 0.45 | -37.8% | 70.6% | 170 | -8.4% |
| 9 | Stochastic ✓ | Daily | 5.5% | 0.44 | -32.0% | 68.9% | 222 | -9.2% |
| 10 | Heikin-Ashi Trend ✓ | Weekly | 6.2% | 0.44 | -41.6% | 53.3% | 420 | -8.4% |
| 11 | Bollinger Mean-Reversion ✓ | Daily | 4.4% | 0.4 | -32.3% | 66.5% | 179 | -10.3% |
| 12 | CCI ✓ | Weekly | 4.2% | 0.4 | -38.3% | 83.3% | 42 | -10.4% |
| 13 | Holy Grail Confluence ✓ | Daily | 4.5% | 0.39 | -31.2% | 78.0% | 59 | -10.2% |
| 14 | Stochastic ✓ | Weekly | 4.3% | 0.39 | -36.6% | 77.3% | 44 | -10.3% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For Hershey Company (The) (HSY), EMA 20/50 Cross on the weekly timeframe gave the best balance of return and risk in our test. It still trailed buy-and-hold on raw return — but remember: this is a hypothetical backtest of a standard rule, not a recommendation. Markets change. See the methodology and disclaimer.
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