Himax Technologies Technical Analysis (NASDAQ:HIMX)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The HIMX stock chart pattern can give those who understand technical analysis an indication of which way HIMX stock is headed, but cannot predict with 100% certainty as to what can happen to the Himax Technologies stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Himax Technologies. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Himax Technologies stock analysis.
Himax Technologies Moving Average
Moving averages show the average price of HIMX stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $8.18 is above the price of $8.03.
Himax Technologies Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Himax Technologies. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $8.03 is in the lower range of Himax Technologies bollinger bands.
Himax Technologies Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Himax Technologies MACD indicator is below 0 indicating a bearish trend.
Himax Technologies Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of HIMX stock is 42.19.