Stocks to Forgive and Forget and Buy: Honeywell International Inc. (HON), Himax Technologies, Inc. (HIMX)

The last few days have been rough for Honeywell International Inc. (NYSE:HON), as its price has decreased by -1.9% during the week. It has also performed poorly over the past three months, as it lost around -9.85% while it has so far retreated around -3.4% during the course of a year. The price of the stock went down by -$1.12 now trading at $141.56. Their shares witnessed a 5.98% increase from the 52-week low price of $133.57 they recorded on 2018-12-06. Even though it is still -18.48% behind the $167.72 high touched on 2018-10-01. The stock of HON recorded -3.59% downtrend from the beginning of this year till date. The 12-month potential price target for Honeywell International Inc. is set at $172.35. This target means that the stock has an upside potential to increase by 21.75% from the current trading price.

When giving their opinion, around 79.17% of Wall Street analysts, which represents 19 out of 24 rated the stock as a Buy. 5 brokerage firms of the remaining 20.83% rated the stock as a Hold with 0 analyst rating it as a sell. Overall, the number of aggregate HON shares held by institutional investors represents 72.4% of total shares. 102 institutions entered new Honeywell International Inc. (NYSE:HON) positions, 789 added to their existing positions in these shares, 781 lowered their positions, and 79 exited their positions entirely.

Honeywell International Inc. (HON) trade volume has increased by 61.47% as around 5,650,052 shares were sold when compared with its 50-day average volume of traded shares which is 3,499,150. At the moment, HON is witnessing a downtrend, as it is trading -3.46% below its 20-day SMA, -5.34% below its 50-day SMA, and -3.07% below its 200-day SMA. The company runs an ROE of roughly 15.1%, with financial analysts predicting that their earnings per share growth will be around 6.41% per annum for the next five year. This will be compared to the 3.1% increase witnessed over the past five years.

The first technical resistance point for Honeywell International Inc. (NYSE:HON) will likely come at $143.14, marking a 1.1% premium to the current level. The second resistance point is at $144.72, about 2.18% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $135.56, the lower end of the range. HON’s 14-day MACD is -0.69 and this negative figure indicates a downward trading trend. The company’s 14-day RSI (relative strength index) score is 36.84, which shows that its stock has been neutral. The 20-day historical volatility for the stock stands at 20.45 percent, which is low when compared to that of the 50-day’s 22.02 percent.

The shares of Himax Technologies, Inc. (NASDAQ:HIMX) has decreased by -5.88%, and now trading at $3.68 on the Wall Street in the intra-day deal, with their shares traded now around 4,908,648. This is a rise of 2,181,136 shares over the average 2,727,512 shares that were traded daily over the last three months. The stock that is trading at $3.68 went lower by -4.91% from its 52-week low of $3.87 that it attained back on 2018-12-06. The stock recorded a 52-week high of $12.1 nearly 365 days ago on 2017-12-07.

HIMX stock hasn’t performed well over the past 30 days, as it lost -30.96% while its price plunged by -64.68% year-to-date (YTD). Looking at the last few days, it has been tough for the stock, as it tumbled -8.68% over the last week. The stock’s 12-month potential target price is now at $5.83. This means that the stock price might likely increase by 58.42% from its current trading price.1 out of 8 Wall Street analysts which represents 12.5% rated the stock as a buy while the remaining 75 rated it as a hold, with 12.5 of analysts rating it as a sell.

Himax Technologies, Inc. (NASDAQ:HIMX) has been utilizing an ROE that is roughly 5.3%, with stock analysts predicting that the company’s EPS for the next five years will go up by 25% per year, following the -11.7% drop that was witnessed during the past five years. The stock at the moment is on a downtrend, trading -13.81% below its 20-day SMA, -29.61% below its 50-day SMA, and -44.78% below its 200-day SMA. In percentage terms, the aggregate Himax Technologies, Inc. shares held by institutional investors is 26.3%. 18 institutions jumped in to acquire Himax Technologies, Inc. (HIMX) fresh stake, 43 added to their current holdings in these shares, 55 lowered their positions, and 28 left no stake in the company.

The stock’s 9-day MACD is -0.11 and this negative figure indicates a downward trading trend. The company’s 9-day RSI score is 26.09, which shows that its stock has been oversold. The 20-day historical volatility for the shares stand at 59.08 percent, which is less when compared to that of the 50-day’s 61.22 percent. On the daily chart, we see that the stock could reach the first level of resistance at $3.81, sporting a 3.41% premium to the current level. The next resistance point is at $3.93, representing nearly 6.36% premium to the current market price of Himax Technologies, Inc. (HIMX). On the other hand, failure to breach the immediate hurdles can drag it down to $3.47, the lower end of the range.