Following these proceedings, Credit Suisse upgraded its Himax Technologies ADR [HIMX] rating to an Outperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Credit Suisse’s analysts, who decreased its forecast for the stock in mid July from “an Outperform” to “a Neutral”. Nomura also remained covering HIMX and has decreased its forecast on April 07, 2022 with a “Neutral” recommendation from previously “Buy” rating. Nomura revised its rating on January 27, 2021. It rated HIMX as “a Buy” which previously was an “a Neutral”.
Price Performance Review of HIMX
On Tuesday, Himax Technologies ADR [NASDAQ:HIMX] saw its stock fall -0.73% to $8.15. Over the last five days, the stock has gained 0.37%. Himax Technologies ADR shares have risen nearly 1.37% since the year began. Nevertheless, the stocks have risen 34.71% over the past one year. While a 52-week high of $9.80 was reached on 01/07/25, a 52-week low of $4.80 was recorded on 01/03/25. SMA at 50 days reached $6.53, while 200 days put it at $6.26.
Levels Of Support And Resistance For HIMX Stock
The 24-hour chart illustrates a support level at 7.93, which if violated will result in even more drops to 7.70. On the upside, there is a resistance level at 8.50. A further resistance level may holdings at 8.84. The Relative Strength Index (RSI) on the 14-day chart is 60.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.01%. Stochastics %K at 45.21% indicates the stock is a holding.
How much short interest is there in Himax Technologies ADR?
A steep rise in short interest was recorded in Himax Technologies ADR stocks on 2024-12-13, growing by 0.15 million shares to a total of 6.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 6.42 million shares. There was a rise of 2.25%, which implies that there is a positive sentiment for the stock.
