HBI Technical Signal Analysis
HBI have 2 buy signals and 4 sell signals now. The current trend is downtrend starting from 2025-02-06. The total price change during this trend is -27.69%. Recently, the price has decreased but the volume has also decreased, indicating a potential rebound signal. The average turnover of HBI over last 5 trading day is $30,597,571.20
2 Bullish Signal
4 Bearish Signal
Name
Signal
Value
Meaning
Commodity Channel Index (20 days, 0.015 constant)
CCI_20_0.015 < -100
-125.36
Bullish
Williams %R (14 days)
WILLR_14 < -80
-82.35
Bullish
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 < 0
-0.23
Bearish
Momentum (10 days)
MOM_10 < 0
-0.1
Bearish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-0.21
Bearish
Moving Average
5-day SMA crosses below 20-day SMA
--
Bearish
2 Bullish Signal
Name
Signal
Value
Meaning
Commodity Channel Index (20 days, 0.015 constant)
CCI_20_0.015 < -100
-125.36
Bullish
Williams %R (14 days)
WILLR_14 < -80
-82.35
Bullish
HBI Support and Resistance Level
The support levels for HBI are at 5.74, 5.62, and 5.43, while the resistance levels are at 6.13, 6.25, and 6.45. With the current stock price at 5.77, it is leaning more toward the support levels.
HBI Technical Analysis
Technical Analysis of HBI Stock
Current Price and Trend
As of the latest data, HanesBrands Inc. (HBI) is trading at $5.87. The stock has been in a bearish trend over the past few months, with a general downward trajectory.
Key Technical Indicators
- RSI (14): 34.35
The Relative Strength Index (RSI) is in oversold territory, suggesting potential buying opportunities. However, RSI alone is not a definitive signal. - MACD: -0.42
The MACD is below the signal line, indicating bearish momentum. However, the MACD histogram shows a slight divergence, which could signal a potential reversal. - Bollinger Bands (20, 3):
The stock is currently trading near the lower Bollinger Band, which may indicate oversold conditions.
Fibonacci Levels
- Pivot Point: $5.90
- Resistance Levels: $6.08, $6.19
- Support Levels: $5.73, $5.62
The stock is currently testing the lower end of its Fibonacci range, with the first support level at $5.73. A break below this level could signal further downside.
Volume Analysis
The recent trading volume has been moderate, with no significant spikes to indicate strong buying or selling pressure. This suggests a lack of conviction in the current price movement.
Recent News Impact
- Collaboration with Urban Outfitters: HBI recently announced a capsule collection with Urban Outfitters, which could positively impact brand visibility and sales.
- Target's Deal with Champion: While Target's partnership with Champion (formerly owned by HBI) could pose competition, HBI has already divested Champion, so the impact may be limited.
Analyst Sentiment
HBI has a mixed analyst sentiment, with some analysts raising concerns about valuation and others highlighting the potential for recovery.
Conclusion
Based on the technical analysis, HBI is currently in a bearish trend. However, the oversold RSI and proximity to the lower Bollinger Band suggest a potential short-term bounce.
Recommendation:
- Price: $5.87
- Action: Sell (due to the overall bearish trend and negative momentum).
However, if the stock breaks above the resistance level of $6.08, it could signal a reversal, and a buy signal may emerge.
HBI FAQs
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How reliable is technical analysis?
How can I use moving averages to set entry and exit points for HBI stock?
Is HBI a buy based on overall technical signals summary?
HBI Buy or Sell
HBI has 2 buy signals and 4 sell signals now. Overall the technical rating for HBI is Sell.
Sell
Sell
4
Buy
2
HBI Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a negative trend with the 5.77 below the SMA_5. In the short term, the stock shows a positive trend with the 5.9 above the SMA_20. In the mid term, the stock shows a negative trend with the 5.9 below the SMA_60. In the long term, the stock shows a positive trend with the 7.05 above the SMA_200.
Swing
Negative
Stock Price Below SMA_5
Short Term
Positive
SMA_5 Above SMA_20
Mid Term
Negative
SMA_20 Below SMA_60
Long Term
Positive
SMA_60 Above SMA_200
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What do technical indicators suggest about HBI's current trend?What are HBI's key support and resistance levels?