The Greedy Trader Weekly Analysis
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Hanesbrands (HBI)

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Summary:
Weekly :Overbought sectorWeekly  MACD line has moved below its signal line
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageBearish Downside Gap Three Methods CandlestickRelative Strength Index oversoldWilliams' Percentage Range and Lane's Stochastic are strongly oversoldThe period of high volatility of the stock price
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It was a first positive week for the Hanesbrands (HBI). During the week, the HBI climbed 0.10 points, or 0.78%, and closed at 12.95 on Friday, November 13, 2020. Weekly volume was 24% above average.

HBI is a member of Consumer Discretionary Sector. Consumer Discretionary is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See HBI long-term trend chart]
A long-term uptrend had started on April 3, 2020 at 6.96 and reached 17.74 on October 23, 2020. HBI gained -10.78 points, or -154.89%, in 29 weeks. The price is now at the 44.43% retracement level.

Medium-term trend: [See HBI medium-term trend chart]
A medium-term downtrend had started on October 23, 2020 at 17.74 and reached 12.28 on November 12, 2020. HBI lost 5.46 points, or 30.78%, in 2 weeks. The price is now at the 12.27% retracement level.

Weekly Technical Indicators: [See HBI weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 November 12, 2020 at 12.28 and reached 13.04 on November 13, 2020. HBI gained -0.76 points, or -6.19%, in 1 days. The price is now at the 11.84% retracement level.

Daily Technical Indicators: [See HBI daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is below its signal line since October 27, 2020. The distance between MACD and the signal line is relatively high, but getting smaller.

The distance between the Bollinger Bands is 167.28% higher then one year average. It indicates the period of high volatility of the stock price. 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.

Candlestick pattern: [See HBI candlestick chart pattern]
On Friday the chart has formed a Bearish Downside Gap Three Methods Candlestick pattern. This is a continuation pattern which occurs when the market is moving strongly downward. The reliability of the Bearish Downside Gap Three Methods pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Downside Gap Three Methods Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 19.54
Oversold
Williams' Percentage Range (W%R) 92.90
Strong Oversold
Lane's Stochastic (%D-Slow) 8.51
Strong Oversold
Greed/Fear Indicator (GFI) 11.73
Oversold
Moving Average Converg./Diverg. (MACD) -0.60
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.78
Williams' Percentage Range (W%R) 67.90
Lane's Stochastic (%D-Slow) 56.95
Greed/Fear Indicator (GFI) 43.93
Moving Average Converg./Diverg. (MACD) 1.03
Trading Signals
Description Value Chart
Upper Bollinger Band 18.80
50 Day Moving Average 15.88
20 Day Moving Average 15.52
Weekly Stochastic Crossing 14.93
Parabolic System 13.83
Price 12.95
Daily Stochastic Crossing 12.70
Lower Bollinger Band 10.92
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 8
Industry Apparel, Accessories & Luxury Goods 98
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 12.28
Low Date 11/12/2020
High 13.04
High Date 11/13/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 12.28
Low Date 11/12/2020
High 13.04
High Date 11/13/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 17.74
High Date 10/23/2020
Low 12.28
Low Date 11/12/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 6.96
Low Date 04/03/2020
High 17.74
High Date 10/23/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 129.46
High Date 03/02/2015
Low 6.96
Low Date 04/03/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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