RSI low/high Values: [ 20 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of HIMX
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Red day on Thursday for Himax Technologies stock after losing 1.11%
(Updated on Mar 28, 2024)

Sell candidate since Mar 14, 2024 Loss -4.80% PDF

The Himax Technologies stock price fell by -1.11% on the last day (Thursday, 28th Mar 2024) from $5.41 to $5.35. During the last trading day the stock fluctuated 2.80% from a day low at $5.35 to a day high of $5.50. The price has fallen in 7 of the last 10 days and is down by -4.8% for this period. Volume has increased on the last day by 253 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 601 thousand shares were bought and sold for approximately $3.21 million.

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 -11.59% during the next 3 months and, with a 90% probability hold a price between $4.45 and $5.11 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

A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 0.564%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Himax Technologies stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $5.40 and $5.52. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more 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 14.45% to $6.12 within 15 trading days since signal was issued (Monday, April 01, 2024).

Support, Risk & Stop-loss for Himax Technologies stock

Himax Technologies finds support from accumulated volume at $5.33 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 $0.150 between high and low, or 2.80%. For the last week, the stock has had daily average volatility of 2.34%.

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 Monday 1st

For the upcoming trading day on Monday, 1st we expect Himax Technologies to open at $5.40, and during the day (based on 14 day Average True Range), to move between $5.17 and $5.53, which gives a possible trading interval of +/-$0.175 (+/-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 support from accumulated volume at $5.33 (0.37%) than the resistance at $5.46 (2.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Himax Technologies stock A Buy?

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

Current score: -3.805 Sell Candidate Unchanged

Predicted Opening Price for Himax Technologies of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$5.40 ( 0.93%) $5.35

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 5.55 3.74 %
R2 5.49 2.67 %
R1 5.46 2.01 %
Current price: 5.35
Support S1 5.34 -0.136 %
S2 5.31 -0.798 %
S3 5.25 -1.87 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 5.56 3.93 %
R2 5.52 3.18 %
R1 5.46 2.06 %
Current price 5.35
Support S1 5.33 -0.374%
S2 5.32 -0.561%
S3 5.31 -0.748%

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 is within a wide and falling trend, so we believe 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 2024-03-28, the price of an Himax Technologies (HIMX) share was $5.35.

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 2024-03-28, 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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