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Do Traders Think Himax Technologies, Inc. (HIMX) Can Keep Climbing Tuesday?

Tuesday, June 08, 2021 10:53 AM | InvestorsObserver Analysts
Do Traders Think Himax Technologies, Inc. (HIMX) Can Keep Climbing Tuesday?

Overall market sentiment has been high on Himax Technologies, Inc. (HIMX) stock lately. HIMX receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bullish
Himax Technologies, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on HIMX!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.

As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.

Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.

InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.

The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With HIMX Stock Today?

Himax Technologies, Inc. (HIMX) stock is trading at $14.17 as of 10:49 AM on Tuesday, Jun 8, a drop of -$0.26, or -1.8% from the previous closing price of $14.43. The stock has traded between $13.71 and $14.48 so far today. Volume today is low. So far 1,438,995 shares have traded compared to average volume of 4,738,509 shares.

To see the top 5 stocks in the Semiconductors industry click here.

More About Himax Technologies, Inc.

Himax Technologies Inc is a semiconductor solution provider dedicated to display imaging processing technologies. It operates through the Driver Integrated Circuit and Non-Driver Products segments. The majority of the firm's revenue gets derived from the Driver Integrated Circuit segment. It offers display driver ICs and timing controllers used in TVs, laptops, monitors, mobile phones, tablets, digital cameras, virtual reality (VR) devices, and many other consumer electronics devices. It also designs and provides controllers for touch sensor displays, in-cell Touch and Display Driver Integration single-chip solutions, LED driver ICs, power management ICs, scaler products for monitors and projectors. Geographically, it generates the majority of its revenue from China.

Click Here to get the full Stock Score Report on Himax Technologies, Inc. (HIMX) Stock.

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