RSI low/high Values: [ 20 - 75 ]
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AI Analysis of HIMX
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Himax Technologies stock price up 1.31% on Wednesday
(Updated on Mar 27, 2024)

Sell candidate since Mar 14, 2024 Loss -3.74% PDF

The Himax Technologies stock price gained 1.31% on the last trading day (Wednesday, 27th Mar 2024), rising from $5.34 to $5.41. During the last trading day the stock fluctuated 1.31% from a day low at $5.35 to a day high of $5.42. The price has fallen in 7 of the last 10 days and is down by -6.88% for this period. Volume fell on the last day by -123 thousand shares and in total, 348 thousand shares were bought and sold for approximately $1.88 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.66% during the next 3 months and, with a 90% probability hold a price between $4.46 and $5.12 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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HIMX Signals & Forecast

There are mixed signals in the stock today. The Himax Technologies stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $5.53. On a fall, the stock will find some support from the short-term average at $5.39. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 1.69%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Tuesday, March 19, 2024 and based on theory for this formation the price should go up by 13.19% to $6.12 within 15 trading days since signal was issued (Thursday, March 28, 2024).

Support, Risk & Stop-loss for Himax Technologies stock

Himax Technologies finds support from accumulated volume at $5.36 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0700 between high and low, or 1.31%. For the last week, the stock has had daily average volatility of 2.40%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (HIMX) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Himax Technologies to open at $5.39, and during the day (based on 14 day Average True Range), to move between $5.23 and $5.59, which gives a possible trading interval of +/-$0.177 (+/-3.28%) up or down from last closing price. If Himax Technologies takes out the full calculated possible swing range there will be an estimated 6.55% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $5.46 (0.92%) than the support at $5.36 (0.92%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Himax Technologies stock A Buy?

Himax Technologies holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -3.287 Sell Candidate Unchanged

Predicted Opening Price for Himax Technologies of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$5.39 ( 0.308%) $5.41

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for HIMX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 5.46 0.99 %
R2 5.44 0.492 %
R1 5.42 0.186 %
Current price: 5.41
Support S1 5.37 -0.80 %
S2 5.35 -1.11 %
S3 5.32 -1.60 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 5.56 2.77 %
R2 5.52 2.03 %
R1 5.46 0.92 %
Current price 5.41
Support S1 5.36 -0.92%
S2 5.33 -1.48%
S3 5.32 -1.66%

HIMX Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 12, 2023 Jun 29, 2023 Jul 12, 2023 $0.480 6.48%
2 May 23, 2022 Jun 29, 2022 Jul 12, 2022 $1.25 19.35%
3 May 28, 2021 Jun 29, 2021 Jul 12, 2021 $0.272 1.77%
4 Jun 19, 2018 Jul 18, 2018 Jul 31, 2018 $0.100 1.51%
5 Jun 23, 2017 Jul 27, 2017 Aug 14, 2017 $0.240 2.90%

FAQ

What is the symbol for Himax Technologies Stock and on which exchange is it traded?
The symbol for Himax Technologies is HIMX and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Himax Technologies Stock?
Himax Technologies holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Himax Technologies Stock?
Himax Technologies Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Himax Technologies Stock.

What's the current price of Himax Technologies Stock?
As of the end of day on the 2024-03-27, the price of an Himax Technologies (HIMX) share was $5.41.

What is the 52-week high and low for Himax Technologies Stock?
The 52-week high for Himax Technologies Stock is $8.20 and the 52-week low is $5.22.

What is the market capitalization of Himax Technologies Stock?
As of the 2024-03-27, the market capitalization of Himax Technologies is 931.384M.

When is the next earnings date for Himax Technologies?
The upcoming earnings date for Himax Technologies is May 09, 2024.
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About Himax Technologies

Himax Technologies Himax Technologies, Inc., a fabless semiconductor company, provides display imaging processing technologies in China, Taiwan, the Philippines, Korea, Japan, Europe, and the United States. The company operates through two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers that are used in televisions, laptops, monitors, mobile phones, tablets, automotive, digital cameras, car navi... HIMX Profile

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