HBI Technical Analysis - HANESBRANDS INC

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to HBI. Both in the recent history as in the last year, HBI has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

HBI is part of the Textiles, Apparel & Luxury Goods industry. There are 48 other stocks in this industry. HBI outperforms 80% of them.

In the last month HBI has a been trading in the 6.20 - 6.94 range, which is quite wide. It is currently trading near the high of this range.

HBI has an average volume of 9607460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Looking at the yearly performance, HBI did better than 81% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

HBI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HBI is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

HANESBRANDS INC / HBI Weekly stock chart

Setup Rating and Analysis

Although HBI has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

4.06

6.97

When analyzing the support we can see 3 important areas.

A support zone ranging from 6.19 to 6.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @6.09 from a horizontal line in the daily time frame.
Support @4.10 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for HBI is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for HBI is up.
ChartMill Relative Strength	81.45	POSITIVE	HBI has a high relative strength, it outperformed 81.45% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of HBI is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of HBI is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of HBI is above a declining SMA(200).
Relative Strength Index/RSI (14)	73.76	OVERBOUGHT	The high RSI value suggests HBI may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests HBI has a positive trend.
Stochastics (14,3)	97.03	OVERBOUGHT	The high Stochastics value suggests HBI may be overbought.
Average True Range in percent/ATR (20)	2.16	MEDIUM VOLATILITY	The ATR as a percentage value for HBI suggests some volalility.
Average Directional Index/ADX (14)	48.11	POSITIVE	The high ADX value value for HBI suggests a strong trend.