Hanesbrands Inc (HBI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:HBI - US4103451021 - Common Stock
We assign a technical rating of 4 out of 10 to HBI. In the last year, HBI was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
Although the technical rating is only medium, HBI does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 6.43, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for HBI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
6.13
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.34 to 6.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.19 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 6.91 to 6.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for HBI is neutral. |
| ChartMill Relative Strength | 23.27 | NEGATIVE | HBI has a low relative strength, it was outperformed by 76.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HBI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of HBI is below 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) | 44.3 | NEUTRAL | The RSI value for HBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests HBI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60.18 | NEUTRAL | The Stochastics value for HBI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.73 | MEDIUM VOLATILITY | The ATR as a percentage value for HBI suggests some volalility. |
| Average Directional Index/ADX (14) | 14.31 | NEGATIVE | The low ADX value for HBI suggests a weak or negative trend. |
6.47
-0.12 (-1.82%)
Hanesbrands Inc / HBI FAQ
What is the technical rating for HBI stock?
ChartMill assigns a technical rating of 4 / 10 to HBI.
Can you provide the trend direction for Hanesbrands Inc?
The current trend direction for Hanesbrands Inc (HBI) is Bullish.
What is the RSI signal for Hanesbrands Inc (HBI) stock?
Hanesbrands Inc (HBI) has an RSI value of 44.2983. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Hanesbrands Inc?
The MACD indicator for Hanesbrands Inc (HBI) has a value of 0.00340983, indicating a bearish trend.