Himax Stock Technical Analysis

HIMX
 Stock
  

USD 6.96  0.14  1.97%   

As of the 7th of December, Himax Technologies retains the Downside Deviation of 2.89, market risk adjusted performance of 0.1908, and Risk Adjusted Performance of 0.1407. Himax Technologies technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We have collected data for nineteen technical drivers for Himax Technologies, which can be compared to its competitors. Please check out Himax Technologies coefficient of variation, maximum drawdown, as well as the relationship between the Maximum Drawdown and skewness to decide if Himax Technologies is priced fairly, providing market reflects its last-minute price of 6.96 per share. Given that Himax Technologies has jensen alpha of 0.1892, we strongly advise you to confirm Himax Technologies's regular market performance to make sure the company can sustain itself at a future point.
  

Himax Technologies Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Himax, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Himax
Himax Technologies' Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Himax Technologies Analyst Consensus

Target PriceAdvice# of Analysts
11.75Hold2Odds
Himax Technologies current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Himax analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Himax stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Himax Technologies, talking to its executives and customers, or listening to Himax conference calls.
Himax Analyst Advice Details
Himax Technologies technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Himax Technologies technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Himax Technologies trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Himax Technologies Technical Analysis

Indicator
The output start index for this execution was one with a total number of output elements of sixty. The True Range is a measure of Himax Technologies volatility developed by Welles Wilder.
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Himax Technologies Trend Analysis

Use this graph to draw trend lines for Himax Technologies. You can use it to identify possible trend reversals for Himax Technologies as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Himax Technologies price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Himax Technologies Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Himax Technologies applied against its price change over selected period. The best fit line has a slop of   0.03825  , which means Himax Technologies will continue generating value for investors. It has 122 observation points and a regression sum of squares at 55.33, which is the sum of squared deviations for the predicted Himax Technologies price change compared to its average price change.

About Himax Technologies Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Himax Technologies on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Himax Technologies based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Himax Technologies price pattern first instead of the macroeconomic environment surrounding Himax Technologies. By analyzing Himax Technologies's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Himax Technologies's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Himax Technologies specific price patterns or momentum indicators. Please read more on our technical analysis page.

Himax Technologies December 7, 2022 Technical Indicators

Most technical analysis of Himax help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Himax from various momentum indicators to cycle indicators. When you analyze Himax charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Himax Technologies December 7, 2022 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Himax stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Please check Risk vs Return Analysis. You can also try Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

Complementary Tools for analysis

When running Himax Technologies price analysis, check to measure Himax Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Himax Technologies is operating at the current time. Most of Himax Technologies' value examination focuses on studying past and present price action to predict the probability of Himax Technologies' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Himax Technologies' price. Additionally, you may evaluate how the addition of Himax Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Himax Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Himax Technologies. If investors know Himax will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Himax Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.93) 
Market Capitalization
1.2 B
Quarterly Revenue Growth YOY
(0.49) 
Return On Assets
0.1667
Return On Equity
0.424
The market value of Himax Technologies is measured differently than its book value, which is the value of Himax that is recorded on the company's balance sheet. Investors also form their own opinion of Himax Technologies' value that differs from its market value or its book value, called intrinsic value, which is Himax Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Himax Technologies' market value can be influenced by many factors that don't directly affect Himax Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Himax Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine Himax Technologies value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Himax Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.