Hanesbrands Inc (HBI) Technical Analysis
NYSE:HBI • US4103451021
Current stock price
HBI Technical Rating and Analysis
Overall HBI gets a technical rating of 4 out of 10. HBI was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
- 78% of all other stocks performed better in the past year than HBI.
- HBI is one of the lesser performing stocks in the Textiles, Apparel & Luxury Goods industry. 61% of 45 stocks in the same industry do better.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- In the last month HBI has a been trading in the 6.30 - 6.71 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- HBI has an average volume of 9350020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- HBI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so HBI is lagging the market slightly.
- Volume is considerably higher in the last couple of days.
HBI Weekly and Daily overview Charts
HBI Setup Rating and Analysis
HBI has only a medium 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 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
HBI Support and Resistance Analysis
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.
HBI 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 | NEUTRAL | NEUTRAL | The short term trend for HBI is neutral. |
| ChartMill Relative Strength | 22.25 | NEGATIVE | HBI has a low relative strength, it was outperformed by 77.75% 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. |
HBI Chart- and CandleStick Pattern Analysis
HBI Technicals: Chart, Performance Metrics, Trend & Indicators
6.47
-0.12 (-1.82%)
Hanesbrands Inc / HBI TA FAQ
What is the technical rating for HBI stock?
ChartMill assigns a technical rating of 4 / 10 to HBI.
What is the trend direction for HBI stock?
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.
What is the MACD signal for HBI stock?
The MACD indicator for Hanesbrands Inc (HBI) has a value of 0.00340983, indicating a bearish trend.
What are the support and resistance levels for Hanesbrands Inc (HBI) stock?
Hanesbrands Inc (HBI) has a support level at 6.43 and a resistance level at 6.91. Check the full technical report for our detailed analysis of HBI support and resistance levels.