HANESBRANDS INC (HBI) Stock Technical Analysis
NYSE:HBI - New York Stock Exchange, Inc. - US4103451021 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to HBI. HBI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, HBI is a bad performer in the overall market: 71% of all stocks are doing better.
HBI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
HBI has an average volume of 5220420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
HBI is an average performer in the Textiles, Apparel & Luxury Goods industry, it outperforms 48% of 48 stocks in the same industry.
In the last month HBI has a been trading in the 4.26 - 5.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
HBI has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 4.44, a Stop Loss order could be placed below this zone.
More info and screens
4.27
5.44
When analyzing the support we notice one important area.
- A support zone ranging from 4.31 to 4.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @4.76 from a trend line in the daily time frame.
- A resistance zone ranging from 5.35 to 5.39. 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 | DOWN | NEGATIVE | The long term trend for HBI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HBI is neutral. |
| ChartMill Relative Strength | 29.48 | NEGATIVE | HBI has a low relative strength, it was outperformed by 70.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of HBI is above 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 | NEGATIVE | The current price of HBI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.35 | NEUTRAL | The RSI value for HBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests HBI has a positive trend. |
| Stochastics (14,3) | 67.89 | NEUTRAL | The Stochastics value for HBI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.45 | MEDIUM VOLATILITY | The ATR as a percentage value for HBI suggests some volalility. |
| Average Directional Index/ADX (14) | 18.27 | NEGATIVE | The low ADX value for HBI suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
4.74
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryTextiles, Apparel & Luxury Goods
Performance
% Chg0%
1 Week3.04%
2 Weeks7%
1 Month-3.46%
3 Month1.28%
6 Month-42.48%
12 Month-0.42%
2 Year-10.06%
3 Year-57.6%
5 Year-66.45%
10 Year-84.72%
15 Year-24.31%
Volatility
ATR(14)0.17
ATR(20)%3.45%
ATR Inc16.98%
Range Today0.14
ADR(20)0.15
ADR(20)%3.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.48
Mansfield-3.19
10 Day High4.89
10 Day Low4.26
20 Day High5.1
20 Day Low4.26
52 Week High9.1
52 Week Low4.02
CS1 End4.44
CR1 Start4.62
Volume & EV
DER(3)-0.67%
DER(5)0.35%
Volume2.60M
Volume Incr17.48%
Vol(5)4.91M
Vol(50)5.22M