Let’s Get Complex With Himax Technologies, Inc. (HIMX) And Monster Beverage Corporation (MNST)

Himax Technologies, Inc. (NASDAQ:HIMX) traded at an unexpectedly low level on 11/20/2017 when the stock experienced a 2.17% gain to a closing price of $11.79. The company saw 3.29 million shares trade hands over the course of the day. Given that its average daily volume over the 30 days has been 6.77 million shares a day, this signifies a pretty significant change over the norm.

Himax Technologies, Inc. (HIMX) Max Upside Potential Is 27.23%

Analysts are speculating a 27.23% move, based on the high target price ($15) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $11.04 price target, but the stock is already up 141.6% from its recent lows. However, the stock is trading at -1.75% versus recent highs ($12.00). Analysts believe that we could see stock price minimum in the $4 range (lowest target price), allowing for another -66.07% drop from its current position. Leading up to this report, we have seen a 24.63% rise in the stock price over the last 30 days and a 35.83% increase over the past 3 months. Overall, the share price is up 95.2% so far this year. Additionally, HIMX had a day price range of $11.52 to $11.94.

Himax Technologies, Inc. (HIMX) RSI Reaches 65

Heading into the stock price potential, Himax Technologies, Inc. needs to grow just 1.78% to cross its median price target of $12. In order to determine directional movement, the 50-day and 200-day moving averages for Himax Technologies, Inc. (NASDAQ:HIMX) are $10.33 and $8.92. Given that liquidity is king in short-term, HIMX is a stock with 176.18 million shares outstanding that normally trades 20.3% of its float. The stock price recently experienced a 5-day gain of 15.59% with 0.55 average true range (ATR). HIMX has a beta of 0.69 and RSI is 65.

Monster Beverage Corporation (NASDAQ:MNST)’s 7.34% Lead Over A Technical Metric

On the other hand, Monster Beverage Corporation by far traveled 49.1% versus a 1-year low price of $41.02. The share price was last seen -1.62% lower, reaching at $61.16 on Nov. 20, 2017. At recent session, the prices were hovering between $60.15 and $61.83. This company shares are 0.51% off its target price of $61.47 and the current market capitalization stands at $34.4B. The recent change has given its price a 7.34% lead over SMA 50 and -2.61% deficit over its 52-week high. The stock witnessed 8.32% gains, 10.44% gains and 23.73% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found MNST’s volatility during a week at 2.16% and during a month it has been found around 2.07%.

Monster Beverage Corporation (NASDAQ:MNST) Is Active With 2.44 million Shares

Monster Beverage Corporation (MNST) exchanged hands at an unexpectedly high level of 2.44 million shares over the course of the day. Noting its average daily volume at 1.94 million shares each day over the month, this signifies a pretty significant change over the norm.

Monster Beverage Corporation Is Worth At Least $54

The market experts are predicting a 9.55% rally, based on the high target price ($67) for Monster Beverage Corporation shares that is likely to be hit in the 52 weeks. Analysts anticipate that traders could see stock price minimum in the $54 range (lowest target price). If faced, it would be a -11.71% drop from its current position. Overall, the share price is up 37.93% year to date.

Previous articleIn-Depth Technical Analysis: Melco Resorts & Entertainment Limited (MLCO), American Airlines Group Inc. (AAL)
Next articleWhat The Technical Indicators Are Saying About Vodafone Group Plc (VOD), Ascena Retail Group, Inc. (ASNA)