HIMX Price Prediction Next Week
Analysis and Insights
News Sentiment and Recent Developments:
Himax Technologies (HIMX) has recently showcased its WiseEye™ AI technology and optical solutions at Embedded World 2025, highlighting its commitment to innovation in AIoT and display technologies. The company has also seen strong performance in automotive displays, contributing to its 34% year-to-date stock price increase.
Technical Analysis:
The stock is currently trading near its Fibonacci support level of 8.88, with a recent close of 8.58. The RSI_6 of 40.05 indicates oversold conditions, suggesting a potential rebound. The MACD is slightly bearish, but the stock is approaching a critical support zone.
Fibonacci Levels:
The Fibonacci levels indicate key support at 8.88 and resistance at 9.35. A breakout above resistance could signal a bullish trend.
Price Prediction:
Based on the oversold RSI and proximity to Fibonacci support, HIMX is likely to see a short-term rebound. The stock is expected to trade between 8.40 and 9.35 next week.
Recommendation:
Buy at the current level of 8.57, targeting a move toward the Fibonacci resistance at 9.35.
HIMX Similar Chart Price Prediction
The price of HIMX is predicted to go up -48.21%, based on the high correlation periods with BHAT. The similarity of these two price pattern on the periods is 96.98%.
HIMX
BHAT
Down: -48.21%Similarity: 96.98%
HIMX Revenue Forecast
HIMX EPS Forecast
HIMX FAQs
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HIMX Analyst's Forecast
Tristan Gerra
Baird
Buy
2024-12-13
Price Target
$7 → $15
Upside
+74.72%
Baird raised the firm's price target on Himax to $15 from $7 and keeps an Outperform rating on the shares. The firm said Co-Packed Optics and AR opportunities, which reach to the core of Himax's technology capabilities, represent secular growth vectors making Himax worth revisiting as a medium-term speculative investment.
