HIMAX TECHNOLOGIES INC-ADR (HIMX) Stock Technical Analysis
USA - NASDAQ:HIMX - US43289P1066 - ADR
Overall HIMX gets a technical rating of 2 out of 10. Although HIMX is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of HIMX is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
5.73
We found 2 important support areas.
- A support zone ranging from 7.26 to 7.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.79 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @9.41 from a trend line in the daily time frame.
- Resistance @9.76 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for HIMX is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HIMX is down. |
| ChartMill Relative Strength | 84.86 | POSITIVE | HIMX has a high relative strength, it outperformed 84.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HIMX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HIMX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HIMX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.13 | NEUTRAL | The RSI value for HIMX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests HIMX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 5.78 | OVERSOLD | The low Stochastics value suggests HIMX may be oversold. |
| Average True Range in percent/ATR (20) | 5.4 | HIGH VOLATILITY | The high ATR as a percentage value for HIMX suggests high volalility. |
| Average Directional Index/ADX (14) | 28.24 | POSITIVE | The high ADX value value for HIMX suggests a strong trend. |
7.4
+0.02 (+0.27%)
HIMAX TECHNOLOGIES INC-ADR / HIMX FAQ
What is the ChartMill technical rating of HIMAX TECHNOLOGIES INC-ADR (HIMX) stock?
ChartMill assigns a technical rating of 2 / 10 to HIMX.
What is the current trend direction of HIMAX TECHNOLOGIES INC-ADR (HIMX) stock?
The current trend direction for HIMAX TECHNOLOGIES INC-ADR (HIMX) is Bearish.
What is the RSI signal for HIMX stock?
HIMAX TECHNOLOGIES INC-ADR (HIMX) has an RSI value of 33.1335. This indicates that the stock is currently neutral.
What is the MACD signal for HIMX stock?
The MACD indicator for HIMAX TECHNOLOGIES INC-ADR (HIMX) has a value of -0.210482, indicating a bearish trend.
What are the support and resistance levels for HIMAX TECHNOLOGIES INC-ADR (HIMX) stock?
HIMAX TECHNOLOGIES INC-ADR (HIMX) has a support level at 7.37 and a resistance level at 9.41. Check the full technical report for our detailed analysis of HIMX support and resistance levels.