Hanesbrands Inc. (NYSE:HBI) Fell By -1.1%, But Why?

For its latest trading sesion, Hanesbrands Inc. (NYSE:HBI) dropped by -1.1% – here is what that looked like (as of 2020-01-06):

What is the cause of all this?? To have a greater insight of what is happening, it is helpful to analyze some technical indicators. The most interesting and telling are these ones:

A Money Flow Index (MFI) of 50.821, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.004, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.301, an Accumulation/Distribution Index (ADI) of 0.301, an On-Balance Volume (OBV) of 166.689, and a Chaiikin Money Flow (CMF) of 14.57. 2.468

Now let’s take all these indicators into account. According to Trading View, we can conclude the following:

That is what an analysis of technical indicators seems to indicate for Hanesbrands Inc. (NYSE:HBI). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.