Himax Technologies Stock Forecast
Himax Technologies stock price down 1.72% on Monday
(Updated on Apr 15, 2024)
The Himax Technologies stock price fell by -1.72% on the last day (Monday, 15th Apr 2024) from $5.24 to $5.15. During the last trading day the stock fluctuated 2.24% from a day low at $5.14 to a day high of $5.26. The price has fallen in 6 of the last 10 days and is down by -4.81% for this period. Volume has increased on the last day by 109 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, 796 thousand shares were bought and sold for approximately $4.10 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 -9.17% during the next 3 months and, with a 90% probability hold a price between $4.54 and $5.20 at the end of this 3-month period.
HIMX Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 $5.36 and $5.50. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -13.15%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Himax Technologies stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.115 between high and low, or 2.24%. For the last week the stock has had daily average volatility of 2.61%.
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 Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Himax Technologies to open at $5.18, and during the day (based on 14 day Average True Range), to move between $4.99 and $5.31, which gives a possible trading interval of +/-$0.157 (+/-3.05%) up or down from last closing price. If Himax Technologies takes out the full calculated possible swing range there will be an estimated 6.11% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $5.35, some $0.200 (3.88%) from the current price of $5.15, our system finds the risk reward not very attractive.
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: -2.972 Sell Candidate Unchanged
Predicted Opening Price for Himax Technologies of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $5.18 ( 0.615%) | $5.15 |
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 | 5.30 | 2.85 % | |
| R2 | 5.25 | 1.99 % | ||
| R1 | 5.23 | 1.47 % | ||
| Current price: | 5.15 | |||
| Support | S1 | 5.14 | -0.238 % | |
| S2 | 5.11 | -0.765 % | ||
| S3 | 5.07 | -1.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.56 | 7.96 % | |
| R2 | 5.41 | 5.05 % | ||
| R1 | 5.35 | 3.88 % | ||
| Current price | 5.15 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
HIMX Dividend Payout History
| # | 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
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