HANESBRANDS INC (HBI) Stock Technical Analysis
USA - NYSE:HBI - US4103451021 - Common Stock
Taking everything into account, HBI scores 3 out of 10 in our technical rating. HBI has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
The technical rating of HBI is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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6.28
When analyzing the support we notice one important area.
- A support zone ranging from 6.34 to 6.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 6.60 to 6.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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 | DOWN | NEGATIVE | The short term trend for HBI is down. |
| ChartMill Relative Strength | 62.67 | NEUTRAL | HBI is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of HBI is below a declining 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) | 36.38 | NEUTRAL | The RSI value for HBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests HBI has a negative trend. |
| Stochastics (14,3) | 14 | OVERSOLD | The low Stochastics value suggests HBI may be oversold. |
| Average True Range in percent/ATR (20) | 2.54 | MEDIUM VOLATILITY | The ATR as a percentage value for HBI suggests some volalility. |
| Average Directional Index/ADX (14) | 27.21 | POSITIVE | The high ADX value value for HBI suggests a strong trend. |
6.35
-0.24 (-3.64%)
HANESBRANDS INC / HBI FAQ
What is the technical rating for HBI stock?
ChartMill assigns a technical rating of 3 / 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 36.3774. 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 -0.0699296, indicating a bearish trend.
Can you provide the buy/sell signal for HANESBRANDS INC?
The buy/sell signal for HANESBRANDS INC (HBI) is hold as the short term and long term trends are mixed.