Hanesbrands Technical Analysis (NYSE:HBI)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The HBI stock chart pattern can give those who understand technical analysis an indication of which way HBI stock is headed, but cannot predict with 100% certainty as to what can happen to the Hanesbrands stock price.
See Hanesbrands bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Hanesbrands stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Hanesbrands Moving Average
Moving averages help predict the price direction of HBI stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $19.25 is below the last closing price of $20.85 and the 50 day moving average of $18.33 is below the last closing price of $20.85. The 10 and 20 day periods can predict short term moving average trends.
Hanesbrands Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the HBI stock. Currently the stock price of $20.85 is in the upper range of Hanesbrands bollinger bands.
Hanesbrands Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Hanesbrands MACD line is above the signal line.
Hanesbrands Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of HBI stock is 74.95.