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Featured MNV Articles:

Bullish Two Hundred Day Moving Average Cross - HIMX
Monday, May 22, 1:37 PM ET, by Market News Video Staff

In trading on Monday, shares of Himax Technologies Inc (HIMX) crossed above their 200 day ...

Ex-Dividend Reminder: Himax Technologies, Xerox Holdings and Granite Construction
Tuesday, June 27, 12:06 PM ET, by Market News Video Staff

On 6/29/23, Himax Technologies Inc (HIMX), Xerox Holdings Corp (XRX), and Granite Construction Inc (GVA) ...

Himax Technologies Breaks Below 200-Day Moving Average - Notable for HIMX
Thursday, June 29, 11:57 AM ET, by Market News Video Staff

In trading on Thursday, shares of Himax Technologies Inc (HIMX) crossed below their 200 day ...

HIMX Makes Notable Cross Below Critical Moving Average
Monday, July 24, 11:47 AM ET, by Market News Video Staff

In trading on Monday, shares of Himax Technologies Inc (HIMX) crossed below their 200 day ...

Himax Technologies Enters Oversold Territory (HIMX)
Wednesday, September 6, 12:06 PM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

Oversold Conditions For Himax Technologies (HIMX)

By Dividend Channel Staff, Friday, April 19, 4:21 PM ET
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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

In trading on Friday, shares of Himax Technologies Inc (NASDAQ:HIMX) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $4.80 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 31.9. A bullish investor could look at HIMX's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of HIMX shares:

Himax Technologies Inc 1 Year Performance Chart

Looking at the chart above, HIMX's low point in its 52 week range is $4.80 per share, with $7.70 as the 52 week high point — that compares with a last trade of $4.83. Find out what 9 other oversold stocks you need to know about »


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