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Apparel, Accessories & Luxury Goods Industry Stocks Technical Analysis - HBIArchive
- 1/17/2025 -
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Hanesbrands (HBI) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | During the week, the HBI has not change and closed at 8.29 on Friday, January 17, 2025. Weekly volume was -40% below average.
 Long-term trend: [See HBI long-term trend chart]
A long-term uptrend had started on September 27, 2023 at 3.54 and reached 9.10 on November 26, 2024. HBI gained -5.56 points, or -157.06%, in 60 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 5.48 and resistance is at 9.58. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See HBI medium-term trend chart]
A medium-term downtrend had started on November 26, 2024 at 9.10 and reached 7.86 on December 30, 2024. HBI lost 1.24 points, or 13.63%, in 4 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (7.79) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See HBI weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since January 3, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.
Short-term trend: [See HBI short-term trend chart]
A short-term uptrend had started on December 30, 2024 at 7.86 and reached 8.84 on January 15, 2025. HBI gained -0.98 points, or -12.47%, in 16 days. The chart has formed a Broadening Ascending Wedge chart pattern.
Daily Technical Indicators: [See HBI daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since January 15, 2025. The distance between MACD and the signal line is low and getting smaller.
A Parabolic SAR (stop and reversal) indicator (8.23) comes close to the price (8.29). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
The distance between the Bollinger Bands (5.79%) is close to one year low (8.88%). It is 66.81% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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