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Zhejiang Double Arrow Rubber Co Ltd
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Quick analysis of Zhejiang Double Arrow Rubber Co Ltd (30 sec.)










What can you expect buying and holding a share of Zhejiang Double Arrow Rubber Co Ltd? (30 sec.)

How much money do you get?

How much money do you get?
¥0.03
When do you have the money?
1 year
How often do you get paid?
95.0%

What is your share worth?

Current worth
¥4.99
Expected worth in 1 year
¥5.25
How sure are you?
95.0%

+ What do you gain per year?

Total Gains per Share
¥0.47
Return On Investment
6.2%

For what price can you sell your share?

Current Price per Share
¥7.60
Expected price per share
¥5.8216274442539 - ¥8.5
How sure are you?
50%

1. Valuation of Zhejiang Double Arrow Rubber Co Ltd (5 min.)




Live pricePrice per Share (EOD)

¥7.60

Intrinsic Value Per Share

¥-9.53 - ¥5.87

Total Value Per Share

¥-4.54 - ¥10.86

2. Growth of Zhejiang Double Arrow Rubber Co Ltd (5 min.)




Is Zhejiang Double Arrow Rubber Co Ltd growing?

Current yearPrevious yearGrowGrow %
How rich?$284.2m$268.3m$10.1m3.6%

How much money is Zhejiang Double Arrow Rubber Co Ltd making?

Current yearPrevious yearGrowGrow %
Making money$6.5m$3.2m$3.3m50.6%
Net Profit Margin7.8%4.2%--

How much money comes from the company's main activities?

3. Financial Health of Zhejiang Double Arrow Rubber Co Ltd (5 min.)




4. Comparing to competitors in the Auto Parts industry (5 min.)




  Industry Rankings (Auto Parts)  


Richest
#236 / 564

Most Revenue
#321 / 564

Most Profit
#227 / 564

Most Efficient
#140 / 564

What can you expect buying and holding a share of Zhejiang Double Arrow Rubber Co Ltd? (5 min.)

Welcome investor! Zhejiang Double Arrow Rubber Co Ltd's management wants to use your money to grow the business. In return you get a share of Zhejiang Double Arrow Rubber Co Ltd.

What can you expect buying and holding a share of Zhejiang Double Arrow Rubber Co Ltd?

First you should know what it really means to hold a share of Zhejiang Double Arrow Rubber Co Ltd. And how you can make/lose money.

Speculation

The Price per Share of Zhejiang Double Arrow Rubber Co Ltd is ¥7.6. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Zhejiang Double Arrow Rubber Co Ltd.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Zhejiang Double Arrow Rubber Co Ltd, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is ¥4.99. Based on the TTM, the Book Value Change Per Share is ¥0.07 per quarter. Based on the YOY, the Book Value Change Per Share is ¥0.02 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is ¥0.05 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Zhejiang Double Arrow Rubber Co Ltd.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 ¥% of Price per Share¥% of Price per Share¥% of Price per Share¥% of Price per Share¥% of Price per Share
Usd Eps0.020.3%0.020.2%0.010.1%0.020.2%0.010.2%
Usd Book Value Change Per Share0.020.3%0.010.1%0.000.0%0.010.1%0.010.1%
Usd Dividend Per Share0.000.0%0.010.1%0.010.1%0.020.2%0.020.2%
Usd Total Gains Per Share0.020.3%0.020.2%0.010.1%0.020.3%0.020.3%
Usd Price Per Share1.05-0.99-0.93-1.09-1.35-
Price to Earnings Ratio12.95-16.44-39.44-20.33-34.06-
Price-to-Total Gains Ratio51.93-64.91-142.64-74.56-92.97-
Price to Book Ratio1.52-1.46-1.43-1.72-2.58-
Price-to-Total Gains Ratio51.93-64.91-142.64-74.56-92.97-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share1.05184
Number of shares950
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.010.02
Usd Book Value Change Per Share0.010.01
Usd Total Gains Per Share0.020.02
Gains per Quarter (950 shares)15.3723.17
Gains per Year (950 shares)61.4792.66
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1273551692483
2537011213748176
38010517320672269
410613923427596362
5133174295344120455
6160209356412144548
7186244417481168641
8213279478550192734
9240314539618216827
10266349600687240920

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%39.00.01.097.5%54.00.01.098.2%
Book Value Change Per Share3.01.00.075.0%9.03.00.075.0%14.06.00.070.0%28.012.00.070.0%41.014.00.074.5%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%38.00.02.095.0%50.00.05.090.9%
Total Gains per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%38.02.00.095.0%53.02.00.096.4%

Fundamentals of Zhejiang Double Arrow Rubber Co Ltd

About Zhejiang Double Arrow Rubber Co Ltd

Zhejiang Double Arrow Rubber Co., Ltd. researches, develops, produces, and sells rubber conveyor belt products in China and internationally. It provides fabric conveyor belts comprising aramid, straight wrap, fabric pipe, anti-tear fabric, anti-adhesion, profiled, and heat-resistant conveyor belts; and high temperature, flame, oil, cold, and acid-alkaline resistant fabric and steel cord conveyor belts. The company also offers solid woven conveyor belts; and low rolling resistance, pipe, and intelligent anti-tear steel cord conveyor belts, as well as IW/SW steel mesh conveyor belts. Its products are mainly used in coal, electric power, ports, steel, cement, import, metallurgy, mining, building materials, and other industries. The company was formerly known as TongXiang Duble Arrow Group CO., Ltd. and changed its name to Zhejiang Double Arrow Rubber Co., Ltd. The company was founded in 1986 and is based in Tongxiang, China.

Fundamental data was last updated by Penke on 2024-03-24 01:27:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is underpriced.

1.1. Profitability of Zhejiang Double Arrow Rubber Co Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Zhejiang Double Arrow Rubber Co Ltd earns for each ¥1 of revenue.

  • Above 10% is considered healthy but always compare Zhejiang Double Arrow Rubber Co Ltd to the Auto Parts industry mean.
  • A Net Profit Margin of 9.2% means that ¥0.09 for each ¥1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Zhejiang Double Arrow Rubber Co Ltd:

  • The MRQ is 9.2%. The company is making a profit. +1
  • The TTM is 7.8%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ9.2%TTM7.8%+1.4%
TTM7.8%YOY4.2%+3.5%
TTM7.8%5Y11.4%-3.6%
5Y11.4%10Y10.7%+0.7%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ9.2%3.9%+5.3%
TTM7.8%3.6%+4.2%
YOY4.2%3.5%+0.7%
5Y11.4%2.9%+8.5%
10Y10.7%4.0%+6.7%
1.1.2. Return on Assets

Shows how efficient Zhejiang Double Arrow Rubber Co Ltd is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Zhejiang Double Arrow Rubber Co Ltd to the Auto Parts industry mean.
  • 1.6% Return on Assets means that Zhejiang Double Arrow Rubber Co Ltd generated ¥0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Zhejiang Double Arrow Rubber Co Ltd:

  • The MRQ is 1.6%. Using its assets, the company is less efficient in making profit.
  • The TTM is 1.3%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ1.6%TTM1.3%+0.3%
TTM1.3%YOY0.7%+0.6%
TTM1.3%5Y2.0%-0.6%
5Y2.0%10Y1.8%+0.2%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6%1.2%+0.4%
TTM1.3%1.0%+0.3%
YOY0.7%1.0%-0.3%
5Y2.0%0.9%+1.1%
10Y1.8%1.2%+0.6%
1.1.3. Return on Equity

Shows how efficient Zhejiang Double Arrow Rubber Co Ltd is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Zhejiang Double Arrow Rubber Co Ltd to the Auto Parts industry mean.
  • 2.9% Return on Equity means Zhejiang Double Arrow Rubber Co Ltd generated ¥0.03 for each ¥1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Zhejiang Double Arrow Rubber Co Ltd:

  • The MRQ is 2.9%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 2.4%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ2.9%TTM2.4%+0.6%
TTM2.4%YOY1.2%+1.2%
TTM2.4%5Y2.7%-0.4%
5Y2.7%10Y2.4%+0.3%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ2.9%2.4%+0.5%
TTM2.4%2.2%+0.2%
YOY1.2%2.1%-0.9%
5Y2.7%1.8%+0.9%
10Y2.4%2.3%+0.1%

1.2. Operating Efficiency of Zhejiang Double Arrow Rubber Co Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Zhejiang Double Arrow Rubber Co Ltd is operating .

  • Measures how much profit Zhejiang Double Arrow Rubber Co Ltd makes for each ¥1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Zhejiang Double Arrow Rubber Co Ltd to the Auto Parts industry mean.
  • An Operating Margin of 14.3% means the company generated ¥0.14  for each ¥1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Zhejiang Double Arrow Rubber Co Ltd:

  • The MRQ is 14.3%. The company is operating less efficient.
  • The TTM is 9.5%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ14.3%TTM9.5%+4.9%
TTM9.5%YOY5.2%+4.3%
TTM9.5%5Y12.9%-3.4%
5Y12.9%10Y7.2%+5.7%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ14.3%6.0%+8.3%
TTM9.5%3.5%+6.0%
YOY5.2%4.5%+0.7%
5Y12.9%4.9%+8.0%
10Y7.2%4.8%+2.4%
1.2.2. Operating Ratio

Measures how efficient Zhejiang Double Arrow Rubber Co Ltd is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Auto Parts industry mean).
  • An Operation Ratio of 1.65 means that the operating costs are ¥1.65 for each ¥1 in net sales.

Let's take a look of the Operating Ratio trends of Zhejiang Double Arrow Rubber Co Ltd:

  • The MRQ is 1.649. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.695. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.649TTM1.695-0.046
TTM1.695YOY1.795-0.100
TTM1.6955Y1.628+0.067
5Y1.62810Y1.208+0.420
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6491.618+0.031
TTM1.6951.616+0.079
YOY1.7951.623+0.172
5Y1.6281.568+0.060
10Y1.2081.278-0.070

1.3. Liquidity of Zhejiang Double Arrow Rubber Co Ltd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Zhejiang Double Arrow Rubber Co Ltd is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Auto Parts industry mean).
  • A Current Ratio of 2.25 means the company has ¥2.25 in assets for each ¥1 in short-term debts.

Let's take a look of the Current Ratio trends of Zhejiang Double Arrow Rubber Co Ltd:

  • The MRQ is 2.248. The company is able to pay all its short-term debts. +1
  • The TTM is 2.233. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ2.248TTM2.233+0.015
TTM2.233YOY2.418-0.185
TTM2.2335Y2.819-0.585
5Y2.81910Y1.596+1.223
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ2.2481.650+0.598
TTM2.2331.648+0.585
YOY2.4181.604+0.814
5Y2.8191.579+1.240
10Y1.5961.351+0.245
1.3.2. Quick Ratio

Measures if Zhejiang Double Arrow Rubber Co Ltd is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Zhejiang Double Arrow Rubber Co Ltd to the Auto Parts industry mean.
  • A Quick Ratio of 0.90 means the company can pay off ¥0.90 for each ¥1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Zhejiang Double Arrow Rubber Co Ltd:

  • The MRQ is 0.900. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.888. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.900TTM0.888+0.012
TTM0.888YOY0.904-0.016
TTM0.8885Y1.147-0.259
5Y1.14710Y1.371-0.225
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9000.695+0.205
TTM0.8880.713+0.175
YOY0.9040.742+0.162
5Y1.1470.752+0.395
10Y1.3710.782+0.589

1.4. Solvency of Zhejiang Double Arrow Rubber Co Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Zhejiang Double Arrow Rubber Co Ltd assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Zhejiang Double Arrow Rubber Co Ltd to Auto Parts industry mean.
  • A Debt to Asset Ratio of 0.45 means that Zhejiang Double Arrow Rubber Co Ltd assets are financed with 44.7% credit (debt) and the remaining percentage (100% - 44.7%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Zhejiang Double Arrow Rubber Co Ltd:

  • The MRQ is 0.447. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.445. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.447TTM0.445+0.002
TTM0.445YOY0.398+0.047
TTM0.4455Y0.308+0.136
5Y0.30810Y0.264+0.045
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4470.497-0.050
TTM0.4450.497-0.052
YOY0.3980.497-0.099
5Y0.3080.495-0.187
10Y0.2640.487-0.223
1.4.2. Debt to Equity Ratio

Measures if Zhejiang Double Arrow Rubber Co Ltd is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Zhejiang Double Arrow Rubber Co Ltd to the Auto Parts industry mean.
  • A Debt to Equity ratio of 81.2% means that company has ¥0.81 debt for each ¥1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Zhejiang Double Arrow Rubber Co Ltd:

  • The MRQ is 0.812. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.806. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.812TTM0.806+0.006
TTM0.806YOY0.674+0.132
TTM0.8065Y0.480+0.326
5Y0.48010Y0.389+0.092
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8121.014-0.202
TTM0.8061.021-0.215
YOY0.6741.031-0.357
5Y0.4801.045-0.565
10Y0.3891.047-0.658

2. Market Valuation of Zhejiang Double Arrow Rubber Co Ltd

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ¥1 in earnings Zhejiang Double Arrow Rubber Co Ltd generates.

  • Above 15 is considered overpriced but always compare Zhejiang Double Arrow Rubber Co Ltd to the Auto Parts industry mean.
  • A PE ratio of 12.95 means the investor is paying ¥12.95 for every ¥1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Zhejiang Double Arrow Rubber Co Ltd:

  • The EOD is 12.997. Based on the earnings, the company is underpriced. +1
  • The MRQ is 12.946. Based on the earnings, the company is underpriced. +1
  • The TTM is 16.437. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD12.997MRQ12.946+0.051
MRQ12.946TTM16.437-3.491
TTM16.437YOY39.436-22.999
TTM16.4375Y20.328-3.891
5Y20.32810Y34.059-13.731
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
EOD12.99712.654+0.343
MRQ12.94611.732+1.214
TTM16.43712.570+3.867
YOY39.43615.239+24.197
5Y20.32816.913+3.415
10Y34.05921.344+12.715
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Zhejiang Double Arrow Rubber Co Ltd:

  • The EOD is 55.268. Based on how much money comes from the company's main activities, the company is overpriced. -1
  • The MRQ is 55.050. Based on how much money comes from the company's main activities, the company is overpriced. -1
  • The TTM is 16.126. Based on how much money comes from the company's main activities, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD55.268MRQ55.050+0.218
MRQ55.050TTM16.126+38.923
TTM16.126YOY0.825+15.302
TTM16.1265Y152.311-136.184
5Y152.31110Y89.584+62.727
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
EOD55.2685.527+49.741
MRQ55.0505.007+50.043
TTM16.1263.626+12.500
YOY0.8251.231-0.406
5Y152.3112.384+149.927
10Y89.5842.661+86.923
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Zhejiang Double Arrow Rubber Co Ltd is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Auto Parts industry mean).
  • A PB ratio of 1.52 means the investor is paying ¥1.52 for each ¥1 in book value.

Let's take a look of the Price to Book Ratio trends of Zhejiang Double Arrow Rubber Co Ltd:

  • The EOD is 1.523. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.517. Based on the equity, the company is underpriced. +1
  • The TTM is 1.465. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.523MRQ1.517+0.006
MRQ1.517TTM1.465+0.052
TTM1.465YOY1.428+0.037
TTM1.4655Y1.724-0.259
5Y1.72410Y2.579-0.855
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
EOD1.5231.518+0.005
MRQ1.5171.481+0.036
TTM1.4651.516-0.051
YOY1.4281.620-0.192
5Y1.7241.700+0.024
10Y2.5792.210+0.369
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Zhejiang Double Arrow Rubber Co Ltd compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.1450.066+120%0.021+594%0.046+219%0.061+139%
Book Value Per Share--4.9904.889+2%4.711+6%4.586+9%4.093+22%
Current Ratio--2.2482.233+1%2.418-7%2.819-20%1.596+41%
Debt To Asset Ratio--0.4470.445+0%0.398+12%0.308+45%0.264+69%
Debt To Equity Ratio--0.8120.806+1%0.674+20%0.480+69%0.389+109%
Dividend Per Share--0.0000.051-99%0.051-99%0.131-100%0.117-100%
Eps--0.1460.116+26%0.057+155%0.124+17%0.097+51%
Free Cash Flow Per Share--0.0340.052-34%0.007+404%0.045-24%0.060-43%
Free Cash Flow To Equity Per Share--0.046-0.014+130%0.257-82%0.018+159%0.081-43%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%0.975+3%
Intrinsic Value_10Y_max--5.873--------
Intrinsic Value_10Y_min---9.527--------
Intrinsic Value_1Y_max--0.291--------
Intrinsic Value_1Y_min---0.224--------
Intrinsic Value_3Y_max--1.101--------
Intrinsic Value_3Y_min---1.310--------
Intrinsic Value_5Y_max--2.184--------
Intrinsic Value_5Y_min---3.086--------
Market Cap3127977600.000+0%3115630320.0002948942040.000+6%2767848600.000+13%3239421617.400-4%4015659316.805-22%
Net Profit Margin--0.0920.078+18%0.042+117%0.114-19%0.107-14%
Operating Margin--0.1430.095+51%0.052+175%0.129+11%0.072+100%
Operating Ratio--1.6491.695-3%1.795-8%1.628+1%1.208+37%
Pb Ratio1.523+0%1.5171.465+4%1.428+6%1.724-12%2.579-41%
Pe Ratio12.997+0%12.94616.437-21%39.436-67%20.328-36%34.059-62%
Price Per Share7.600+0%7.5707.165+6%6.725+13%7.869-4%9.745-22%
Price To Free Cash Flow Ratio55.268+0%55.05016.126+241%0.825+6574%152.311-64%89.584-39%
Price To Total Gains Ratio52.139+0%51.93364.910-20%142.637-64%74.559-30%92.971-44%
Quick Ratio--0.9000.888+1%0.9040%1.147-22%1.371-34%
Return On Assets--0.0160.013+24%0.007+128%0.020-17%0.018-9%
Return On Equity--0.0290.024+24%0.012+142%0.027+7%0.024+22%
Total Gains Per Share--0.1460.117+25%0.072+101%0.176-17%0.178-18%
Usd Book Value--284230185.434278501748.461+2%268365506.931+6%261332037.188+9%233544521.005+22%
Usd Book Value Change Per Share--0.0200.009+120%0.003+594%0.006+219%0.008+139%
Usd Book Value Per Share--0.6910.677+2%0.652+6%0.635+9%0.566+22%
Usd Dividend Per Share--0.0000.007-99%0.007-99%0.018-100%0.016-100%
Usd Eps--0.0200.016+26%0.008+155%0.017+17%0.013+51%
Usd Free Cash Flow--1958238.1422988550.730-34%388763.296+404%2589583.803-24%3247436.988-40%
Usd Free Cash Flow Per Share--0.0050.007-34%0.001+404%0.006-24%0.008-43%
Usd Free Cash Flow To Equity Per Share--0.006-0.002+130%0.035-82%0.002+159%0.011-43%
Usd Market Cap432912099.840+0%431203236.288408133578.336+6%383070246.240+13%448335951.848-4%555767249.446-22%
Usd Price Per Share1.052+0%1.0480.992+6%0.931+13%1.089-4%1.349-22%
Usd Profit--8327097.9346597880.612+26%3259939.230+155%7089371.634+17%5521709.569+51%
Usd Revenue--90575590.61886244156.716+5%78844870.379+15%67683024.255+34%53355481.050+70%
Usd Total Gains Per Share--0.0200.016+25%0.010+101%0.024-17%0.025-18%
 EOD+4 -4MRQTTM+24 -11YOY+23 -125Y+17 -1810Y+17 -19

3.2. Fundamental Score

Let's check the fundamental score of Zhejiang Double Arrow Rubber Co Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1512.997
Price to Book Ratio (EOD)Between0-11.523
Net Profit Margin (MRQ)Greater than00.092
Operating Margin (MRQ)Greater than00.143
Quick Ratio (MRQ)Greater than10.900
Current Ratio (MRQ)Greater than12.248
Debt to Asset Ratio (MRQ)Less than10.447
Debt to Equity Ratio (MRQ)Less than10.812
Return on Equity (MRQ)Greater than0.150.029
Return on Assets (MRQ)Greater than0.050.016
Total6/10 (60.0%)

3.3. Technical Score

Let's check the technical score of Zhejiang Double Arrow Rubber Co Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5051.525
Ma 20Greater thanMa 507.585
Ma 50Greater thanMa 1007.338
Ma 100Greater thanMa 2007.506
OpenGreater thanClose7.520
Total3/5 (60.0%)



Latest Balance Sheet

Balance Sheet of 2023-09-30. Currency in CNY. All numbers in thousands.

Summary
Total Assets3,712,322
Total Liabilities1,658,636
Total Stockholder Equity2,043,431
 As reported
Total Liabilities 1,658,636
Total Stockholder Equity+ 2,043,431
Total Assets = 3,712,322

Assets

Total Assets3,712,322
Total Current Assets2,293,052
Long-term Assets1,419,271
Total Current Assets
Cash And Cash Equivalents 834,903
Net Receivables 918,068
Inventory 486,979
Other Current Assets 53,101
Total Current Assets  (as reported)2,293,052
Total Current Assets  (calculated)2,293,052
+/- 0
Long-term Assets
Property Plant Equipment 992,915
Intangible Assets 208,040
Other Assets 115,666
Long-term Assets  (as reported)1,419,271
Long-term Assets  (calculated)1,316,621
+/- 102,650

Liabilities & Shareholders' Equity

Total Current Liabilities1,019,941
Long-term Liabilities638,695
Total Stockholder Equity2,043,431
Total Current Liabilities
Short Long Term Debt 12,028
Accounts payable 793,659
Other Current Liabilities 190,471
Total Current Liabilities  (as reported)1,019,941
Total Current Liabilities  (calculated)996,158
+/- 23,782
Long-term Liabilities
Long term Debt 524,155
Capital Lease Obligations Min Short Term Debt39,338
Other Liabilities 75,203
Deferred Long Term Liability 26,474
Long-term Liabilities  (as reported)638,695
Long-term Liabilities  (calculated)665,169
+/- 26,474
Total Stockholder Equity
Common Stock411,576
Retained Earnings 1,042,479
Other Stockholders Equity 21,341
Total Stockholder Equity (as reported)2,043,431
Total Stockholder Equity (calculated)1,475,395
+/- 568,035
Other
Capital Stock411,576
Common Stock Shares Outstanding 411,576
Net Invested Capital 2,579,613
Net Tangible Assets 1,835,390
Net Working Capital 1,273,111
Property Plant and Equipment Gross 992,915



Balance Sheet

Currency in CNY. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312008-12-312007-12-31
> Total Assets 
472,681
579,653
569,780
1,101,275
1,018,211
1,012,730
1,101,564
1,081,426
1,156,335
1,249,524
1,292,686
1,191,708
1,224,399
1,289,488
1,315,544
1,320,508
1,292,974
1,334,077
1,391,588
1,439,449
1,411,298
1,420,091
1,510,724
1,568,409
1,517,301
1,515,374
1,524,752
2,586,557
2,500,932
2,486,090
2,426,295
2,503,202
2,032,546
2,042,693
2,074,312
2,085,756
2,127,853
2,161,375
2,129,024
2,153,690
2,172,553
2,206,595
2,328,045
2,263,052
2,317,510
2,487,566
2,651,239
2,703,987
2,644,178
2,671,844
2,802,759
3,356,059
3,390,029
3,415,151
3,512,581
3,572,134
3,707,943
3,712,322
3,712,3223,707,9433,572,1343,512,5813,415,1513,390,0293,356,0592,802,7592,671,8442,644,1782,703,9872,651,2392,487,5662,317,5102,263,0522,328,0452,206,5952,172,5532,153,6902,129,0242,161,3752,127,8532,085,7562,074,3122,042,6932,032,5462,503,2022,426,2952,486,0902,500,9322,586,5571,524,7521,515,3741,517,3011,568,4091,510,7241,420,0911,411,2981,439,4491,391,5881,334,0771,292,9741,320,5081,315,5441,289,4881,224,3991,191,7081,292,6861,249,5241,156,3351,081,4261,101,5641,012,7301,018,2111,101,275569,780579,653472,681
   > Total Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,562,780
1,605,175
1,580,996
1,588,846
1,599,060
1,609,018
1,693,844
1,631,862
1,637,598
1,783,910
1,850,018
1,890,344
1,786,841
1,649,585
1,728,314
2,301,225
2,314,880
2,290,183
2,284,897
2,302,550
2,354,175
2,293,052
2,293,0522,354,1752,302,5502,284,8972,290,1832,314,8802,301,2251,728,3141,649,5851,786,8411,890,3441,850,0181,783,9101,637,5981,631,8621,693,8441,609,0181,599,0601,588,8461,580,9961,605,1751,562,780000000000000000000000000000000000000
       Cash And Cash Equivalents 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
316,499
360,965
311,321
268,883
342,821
323,464
426,709
659,849
561,530
618,060
707,933
771,184
583,342
437,960
494,736
1,061,363
922,970
874,915
887,109
829,642
821,441
834,903
834,903821,441829,642887,109874,915922,9701,061,363494,736437,960583,342771,184707,933618,060561,530659,849426,709323,464342,821268,883311,321360,965316,499000000000000000000000000000000000000
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
324,000
0
287,000
0
200,000
0
209,596
32,866
66,066
101,066
25,709
8,410
7,188
17,188
4,330
6,865
3,076
0
0
452
0
0
00452003,0766,8654,33017,1887,1888,41025,709101,06666,06632,866209,5960200,0000287,0000324,000000000000000000000000000000000000000
       Net Receivables 
122,263
163,456
183,371
182,539
208,363
224,475
253,416
253,803
314,543
378,149
395,670
352,842
400,519
460,425
452,728
405,999
408,496
434,355
472,188
424,503
427,223
424,077
492,338
514,057
491,974
552,067
508,196
993,865
911,792
912,332
792,093
816,392
771,068
739,185
648,854
581,454
658,902
734,601
693,278
439,409
419,941
391,741
754,315
593,910
696,489
720,079
775,443
671,133
695,067
683,356
778,309
705,286
852,253
877,757
852,239
899,690
1,011,490
918,068
918,0681,011,490899,690852,239877,757852,253705,286778,309683,356695,067671,133775,443720,079696,489593,910754,315391,741419,941439,409693,278734,601658,902581,454648,854739,185771,068816,392792,093912,332911,792993,865508,196552,067491,974514,057492,338424,077427,223424,503472,188434,355408,496405,999452,728460,425400,519352,842395,670378,149314,543253,803253,416224,475208,363182,539183,371163,456122,263
       Other Current Assets 
7,552
15,992
23,272
10,872
22,467
39,909
29,846
24,697
13,800
19,192
33,453
28,085
59,174
38,720
21,628
10,495
8,516
93,449
11,947
47,941
30,981
35,814
11,086
14,441
19,440
17,576
9,609
64,696
46,499
62,347
58,104
84,859
37,697
205,955
20,207
353,524
17,738
282,408
30,610
306,846
201,693
306,383
27,778
35,549
38,381
36,951
34,261
42,831
44,932
44,549
29,389
53,495
58,054
56,344
53,754
56,819
42,529
53,101
53,10142,52956,81953,75456,34458,05453,49529,38944,54944,93242,83134,26136,95138,38135,54927,778306,383201,693306,84630,610282,40817,738353,52420,207205,95537,69784,85958,10462,34746,49964,6969,60917,57619,44014,44111,08635,81430,98147,94111,94793,4498,51610,49521,62838,72059,17428,08533,45319,19213,80024,69729,84639,90922,46710,87223,27215,9927,552
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
564,844
573,494
597,577
634,201
631,190
679,912
703,656
801,222
813,643
857,337
1,022,259
1,074,445
1,054,833
1,075,150
1,124,968
1,227,684
1,269,584
1,353,768
1,419,271
1,419,2711,353,7681,269,5841,227,6841,124,9681,075,1501,054,8331,074,4451,022,259857,337813,643801,222703,656679,912631,190634,201597,577573,494564,844000000000000000000000000000000000000000
       Property Plant Equipment 
149,076
161,174
174,623
153,343
165,654
156,229
236,474
227,449
260,761
235,710
254,206
235,152
251,567
260,797
354,594
326,271
362,708
320,287
373,707
409,399
436,647
442,423
464,310
457,194
448,131
440,201
434,315
536,827
534,471
523,011
526,731
517,900
414,777
402,048
356,879
348,396
343,412
335,360
328,026
322,584
336,072
346,809
421,714
415,146
470,656
484,275
531,632
525,636
578,105
632,418
754,646
789,179
810,947
809,352
858,491
845,180
934,972
992,915
992,915934,972845,180858,491809,352810,947789,179754,646632,418578,105525,636531,632484,275470,656415,146421,714346,809336,072322,584328,026335,360343,412348,396356,879402,048414,777517,900526,731523,011534,471536,827434,315440,201448,131457,194464,310442,423436,647409,399373,707320,287362,708326,271354,594260,797251,567235,152254,206235,710260,761227,449236,474156,229165,654153,343174,623161,174149,076
       Goodwill 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
100,422
119,802
119,802
116,638
116,638
3,168
3,168
3,168
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000000000003,1683,1683,168116,638116,638119,802119,802100,422000000000000000000000000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
164,105
164,105
160,290
160,290
160,290
160,290
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000160,290160,290160,290160,290164,105164,105000000000000000000000000000000000000
       Intangible Assets 
17,939
17,527
26
17,322
20
17,113
14
16,904
131
29,267
112
16,386
181
16,002
159
35,133
138
34,714
117
27,698
28,399
27,432
28,060
27,841
27,621
27,402
27,183
180,731
199,576
199,041
208,888
208,085
29,247
29,353
29,437
26,017
25,793
25,540
25,287
25,034
573
24,556
25,053
31,788
53,842
53,459
67,654
67,124
67,307
162,064
161,188
163,450
162,367
211,960
211,545
210,159
209,165
208,040
208,040209,165210,159211,545211,960162,367163,450161,188162,06467,30767,12467,65453,45953,84231,78825,05324,55657325,03425,28725,54025,79326,01729,43729,35329,247208,085208,888199,041199,576180,73127,18327,40227,62127,84128,06027,43228,39927,69811734,71413835,13315916,00218116,38611229,26713116,9041417,1132017,3222617,52717,939
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
25,751
23,983
38,161
2,662
2,615
2,615
498,536
581,040
77,685
104,782
124,718
54,802
3,827
3,334
3,692
26,549
73,205
64,032
71,755
71,75564,03273,20526,5493,6923,3343,82754,802124,718104,78277,685581,040498,5362,6152,6152,66238,16123,98325,751000000000000000000000000000000000000000
> Total Liabilities 
261,761
344,086
277,577
252,865
152,763
141,436
220,123
192,302
270,576
359,608
387,845
268,331
303,146
336,600
330,501
305,442
276,009
280,805
282,505
298,943
282,320
264,617
317,947
352,968
343,399
307,243
298,720
726,752
709,839
688,169
644,033
712,046
382,410
372,012
378,290
378,123
408,872
443,716
421,671
412,504
444,478
497,350
557,659
441,427
510,482
599,403
673,469
669,273
780,462
761,772
883,481
1,381,369
1,472,347
1,470,573
1,539,011
1,544,012
1,714,139
1,658,636
1,658,6361,714,1391,544,0121,539,0111,470,5731,472,3471,381,369883,481761,772780,462669,273673,469599,403510,482441,427557,659497,350444,478412,504421,671443,716408,872378,123378,290372,012382,410712,046644,033688,169709,839726,752298,720307,243343,399352,968317,947264,617282,320298,943282,505280,805276,009305,442330,501336,600303,146268,331387,845359,608270,576192,302220,123141,436152,763252,865277,577344,086261,761
   > Total Current Liabilities 
221,761
304,085
267,577
242,865
152,763
141,436
220,029
192,275
270,576
359,608
387,605
268,250
303,146
336,600
330,314
305,295
276,009
280,805
282,219
298,768
282,296
264,605
317,947
352,968
343,400
307,243
298,720
717,632
701,461
680,800
637,243
706,195
380,608
370,170
376,239
377,625
408,423
443,316
421,002
411,882
443,921
496,792
556,991
441,066
510,066
598,967
665,445
661,794
731,969
714,165
839,493
853,293
939,453
933,989
987,877
990,241
1,150,047
1,019,941
1,019,9411,150,047990,241987,877933,989939,453853,293839,493714,165731,969661,794665,445598,967510,066441,066556,991496,792443,921411,882421,002443,316408,423377,625376,239370,170380,608706,195637,243680,800701,461717,632298,720307,243343,400352,968317,947264,605282,296298,768282,219280,805276,009305,295330,314336,600303,146268,250387,605359,608270,576192,275220,029141,436152,763242,865267,577304,085221,761
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
14,500
14,500
0
18,000
35,000
50,000
56,092
60,078
45,052
44,049
42,054
26,031
16,030
12,028
12,02816,03026,03142,05444,04945,05260,07856,09250,00035,00018,000014,50014,50000000000000000000000000000000000000000000000
       Accounts payable 
91,753
144,605
107,714
106,138
114,680
102,261
162,349
131,551
189,551
246,052
295,740
173,301
168,242
199,542
240,275
215,088
185,042
186,727
193,175
176,683
201,429
184,082
239,421
264,368
260,276
220,692
227,370
330,859
355,880
364,750
344,050
351,420
228,843
224,121
255,330
254,234
302,547
331,267
298,713
299,821
321,376
337,708
394,739
312,631
338,611
407,118
472,680
476,273
520,523
483,758
589,056
619,908
703,768
714,159
740,244
776,064
943,112
793,659
793,659943,112776,064740,244714,159703,768619,908589,056483,758520,523476,273472,680407,118338,611312,631394,739337,708321,376299,821298,713331,267302,547254,234255,330224,121228,843351,420344,050364,750355,880330,859227,370220,692260,276264,368239,421184,082201,429176,683193,175186,727185,042215,088240,275199,542168,242173,301295,740246,052189,551131,551162,349102,261114,680106,138107,714144,60591,753
       Other Current Liabilities 
24,858
33,330
51,863
22,727
23,083
24,175
44,680
12,888
9,838
25,667
56,865
66,441
75,937
103,558
75,039
75,207
90,967
94,078
89,044
122,085
80,167
76,532
77,826
88,601
82,423
86,551
70,651
260,302
173,269
178,049
164,493
246,774
119,064
125,793
100,210
103,391
92,732
108,008
98,924
109,487
114,929
154,046
140,803
126,411
147,693
171,250
152,603
163,111
165,663
172,888
152,628
164,333
171,475
163,987
166,138
178,927
166,085
190,471
190,471166,085178,927166,138163,987171,475164,333152,628172,888165,663163,111152,603171,250147,693126,411140,803154,046114,929109,48798,924108,00892,732103,391100,210125,793119,064246,774164,493178,049173,269260,30270,65186,55182,42388,60177,82676,53280,167122,08589,04494,07890,96775,20775,039103,55875,93766,44156,86525,6679,83812,88844,68024,17523,08322,72751,86333,33024,858
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
622
557
558
668
361
416
435
8,024
7,479
48,493
47,607
43,988
528,077
532,894
536,583
551,134
553,771
564,092
638,695
638,695564,092553,771551,134536,583532,894528,07743,98847,60748,4937,4798,024435416361668558557622000000000000000000000000000000000000000
       Other Liabilities 
0
1
0
0
0
0
0
1
0
0
0
0
0
0
1
0
0
0
1
0
0
0
0
0
0
0
0
9,120
1,364
7,370
1,790
2,001
1,802
1,843
1,818
499
449
399
513
483
435
453
668
361
416
435
8,024
7,479
7,162
7,019
8,191
8,354
9,070
9,057
10,576
10,241
15,036
75,203
75,20315,03610,24110,5769,0579,0708,3548,1917,0197,1627,4798,0244354163616684534354835133994494991,8181,8431,8022,0011,7907,3701,3649,120000000001000100000010000010
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
21,481
20,574
19,649
19,403
18,806
18,308
18,822
18,330
18,726
18,508
18,505
18,057
17,092
16,597
16,101
15,607
15,118
16,050
15,760
25,686
27,153
26,474
26,47427,15325,68615,76016,05015,11815,60716,10116,59717,09218,05718,50518,50818,72618,33018,82218,30818,80619,40319,64920,57421,481000000000000000000000000000000000000
> Total Stockholder Equity
192,811
223,749
278,423
833,540
849,635
857,207
866,516
873,252
868,545
874,126
888,128
904,592
901,267
931,649
966,002
995,088
995,887
1,036,103
1,074,139
1,105,067
1,093,487
1,123,013
1,160,154
1,183,470
1,142,304
1,176,759
1,196,496
1,667,904
1,611,067
1,627,166
1,620,956
1,630,866
1,641,129
1,663,088
1,690,904
1,708,373
1,720,555
1,720,019
1,710,904
1,745,162
1,732,590
1,714,641
1,776,436
1,828,200
1,799,014
1,880,597
1,967,489
2,025,261
1,854,380
1,900,186
1,909,466
1,965,050
1,908,114
1,935,260
1,964,176
2,018,238
1,983,856
2,043,431
2,043,4311,983,8562,018,2381,964,1761,935,2601,908,1141,965,0501,909,4661,900,1861,854,3802,025,2611,967,4891,880,5971,799,0141,828,2001,776,4361,714,6411,732,5901,745,1621,710,9041,720,0191,720,5551,708,3731,690,9041,663,0881,641,1291,630,8661,620,9561,627,1661,611,0671,667,9041,196,4961,176,7591,142,3041,183,4701,160,1541,123,0131,093,4871,105,0671,074,1391,036,103995,887995,088966,002931,649901,267904,592888,128874,126868,545873,252866,516857,207849,635833,540278,423223,749192,811
   Common Stock
58,000
58,000
58,000
78,000
78,000
78,000
78,000
78,000
117,000
117,000
117,000
117,000
117,000
117,000
117,000
117,000
234,000
234,000
234,000
234,000
234,000
234,000
234,000
234,000
351,000
351,000
351,000
428,500
428,500
428,500
428,500
428,500
428,500
428,500
428,500
428,500
428,500
428,500
428,500
428,500
411,572
411,572
411,572
411,572
411,572
411,572
411,572
411,572
411,572
411,572
411,572
411,572
411,572
411,574
411,574
411,574
411,576
411,576
411,576411,576411,574411,574411,574411,572411,572411,572411,572411,572411,572411,572411,572411,572411,572411,572411,572411,572428,500428,500428,500428,500428,500428,500428,500428,500428,500428,500428,500428,500428,500351,000351,000351,000234,000234,000234,000234,000234,000234,000234,000234,000117,000117,000117,000117,000117,000117,000117,000117,00078,00078,00078,00078,00078,00058,00058,00058,000
   Retained Earnings 
94,832
121,808
170,907
178,398
194,493
202,065
203,762
210,499
205,791
211,373
222,072
238,536
235,211
265,593
290,930
320,017
320,815
361,031
386,815
469,439
457,859
487,385
524,831
548,148
506,982
541,436
561,174
576,426
519,586
535,466
529,378
538,850
549,393
571,321
599,044
616,791
628,973
676,519
712,564
655,196
642,771
624,872
796,566
849,982
819,259
901,954
988,512
1,046,342
875,835
922,200
931,554
964,036
907,113
934,103
962,884
1,017,226
982,312
1,042,479
1,042,479982,3121,017,226962,884934,103907,113964,036931,554922,200875,8351,046,342988,512901,954819,259849,982796,566624,872642,771655,196712,564676,519628,973616,791599,044571,321549,393538,850529,378535,466519,586576,426561,174541,436506,982548,148524,831487,385457,859469,439386,815361,031320,815320,017290,930265,593235,211238,536222,072211,373205,791210,499203,762202,065194,493178,398170,907121,80894,832
   Capital Surplus 0000000000000000000000000000000000000000000000000000000000
   Treasury Stock00000000000000000000-48,0820000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-614
-763
-910
-960
-853
-2,505
-969
-940
-606
-665
-1,038
-1,598
-1,672
21,431
21,418
21,561
21,695
21,412
21,934
21,341
21,34121,93421,41221,69521,56121,41821,431-1,672-1,598-1,038-665-606-940-969-2,505-853-960-910-763-61400000000000000000000000000000000000000



Balance Sheet

Currency in CNY. All numbers in thousands.




Cash Flow

Currency in CNY. All numbers in thousands.




Income Statement

Currency in CNY. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue2,492,606
Cost of Revenue-1,981,867
Gross Profit510,739510,739
 
Operating Income (+$)
Gross Profit510,739
Operating Expense-2,240,677
Operating Income251,928-1,729,938
 
Operating Expense (+$)
Research Development87,662
Selling General Administrative131,078
Selling And Marketing Expenses-
Operating Expense2,240,677218,740
 
Net Interest Income (+$)
Interest Income20,027
Interest Expense-23,122
Other Finance Cost-2,262
Net Interest Income-5,357
 
Pretax Income (+$)
Operating Income251,928
Net Interest Income-5,357
Other Non-Operating Income Expenses-
Income Before Tax (EBT)235,138251,928
EBIT - interestExpense = -23,122
190,690
213,813
Interest Expense23,122
Earnings Before Interest and Taxes (EBIT)-258,260
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax235,138
Tax Provision-43,510
Net Income From Continuing Ops191,628191,628
Net Income190,690
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net-5,357
 

Technical Analysis of Zhejiang Double Arrow Rubber Co Ltd
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Zhejiang Double Arrow Rubber Co Ltd. The general trend of Zhejiang Double Arrow Rubber Co Ltd is BULLISH with 42.9% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Zhejiang Double Arrow Rubber Co Ltd's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (42.9%) Bearish trend (-42.9%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Zhejiang Double Arrow Rubber Co Ltd.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 8.16 < 8.5.

The bearish price targets are: 7.4 > 6.66 > 5.8216274442539.

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Zhejiang Double Arrow Rubber Co Ltd Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Zhejiang Double Arrow Rubber Co Ltd. The current mas is .

The long score for the Moving Averages is 10/14.
The longshort score for the Moving Averages is 6/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Zhejiang Double Arrow Rubber Co Ltd Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Zhejiang Double Arrow Rubber Co Ltd. The current macd is 0.19218159.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Zhejiang Double Arrow Rubber Co Ltd price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Zhejiang Double Arrow Rubber Co Ltd. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Zhejiang Double Arrow Rubber Co Ltd price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Zhejiang Double Arrow Rubber Co Ltd Daily Moving Average Convergence/Divergence (MACD) ChartZhejiang Double Arrow Rubber Co Ltd Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Zhejiang Double Arrow Rubber Co Ltd. The current adx is 22.56.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Zhejiang Double Arrow Rubber Co Ltd shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Zhejiang Double Arrow Rubber Co Ltd Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Zhejiang Double Arrow Rubber Co Ltd. The current sar is 8.151.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Zhejiang Double Arrow Rubber Co Ltd Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Zhejiang Double Arrow Rubber Co Ltd. The current rsi is 51.53. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 2/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending down: The RSI is trending down. -1
Zhejiang Double Arrow Rubber Co Ltd Daily Relative Strength Index (RSI) ChartZhejiang Double Arrow Rubber Co Ltd Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Zhejiang Double Arrow Rubber Co Ltd. The current phase is Correction in bull market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -4/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Zhejiang Double Arrow Rubber Co Ltd price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Zhejiang Double Arrow Rubber Co Ltd Daily Stochastic Oscillator ChartZhejiang Double Arrow Rubber Co Ltd Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Zhejiang Double Arrow Rubber Co Ltd. The current cci is 10.03.

Zhejiang Double Arrow Rubber Co Ltd Daily Commodity Channel Index (CCI) ChartZhejiang Double Arrow Rubber Co Ltd Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Zhejiang Double Arrow Rubber Co Ltd. The current cmo is -6.73545741.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Zhejiang Double Arrow Rubber Co Ltd Daily Chande Momentum Oscillator (CMO) ChartZhejiang Double Arrow Rubber Co Ltd Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Zhejiang Double Arrow Rubber Co Ltd. The current willr is -54.90196078.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Zhejiang Double Arrow Rubber Co Ltd is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Zhejiang Double Arrow Rubber Co Ltd Daily Williams %R ChartZhejiang Double Arrow Rubber Co Ltd Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Zhejiang Double Arrow Rubber Co Ltd.

Zhejiang Double Arrow Rubber Co Ltd Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Zhejiang Double Arrow Rubber Co Ltd. The current atr is 0.25914884.

Zhejiang Double Arrow Rubber Co Ltd Daily Average True Range (ATR) ChartZhejiang Double Arrow Rubber Co Ltd Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Zhejiang Double Arrow Rubber Co Ltd. The current obv is 105,398,058.

Zhejiang Double Arrow Rubber Co Ltd Daily On-Balance Volume (OBV) ChartZhejiang Double Arrow Rubber Co Ltd Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Zhejiang Double Arrow Rubber Co Ltd. The current mfi is 68.28.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Zhejiang Double Arrow Rubber Co Ltd Daily Money Flow Index (MFI) ChartZhejiang Double Arrow Rubber Co Ltd Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Zhejiang Double Arrow Rubber Co Ltd.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-02STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-07STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-08STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-10STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-13STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-15STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-16STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-17STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-20WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-21STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-23MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-24SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-27STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-29STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-30DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-05CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-12-06STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-07STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-08BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-11STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-13STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-14SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-18STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-19SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-12-21STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-22STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-26MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-27RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-12-28CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-29MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-01-02DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-11STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-17STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-18STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-19RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-22SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-23MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-24STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-25CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-29STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-30DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-01-31ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-01STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-05ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-07WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-08RSI LONG ENTRY SHORT CLOSE30 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-19SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-02-22MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-02-23CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-26DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-02-27WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-28DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-29CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-01DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-06STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-07STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-11STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-12CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-14STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-15STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-03-19STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-20STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-27SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-28CMO SHORT ENTRY LONG CLOSEZero line crossover to downside

6.3. Candlestick Patterns

Zhejiang Double Arrow Rubber Co Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Zhejiang Double Arrow Rubber Co Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5051.525
Ma 20Greater thanMa 507.585
Ma 50Greater thanMa 1007.338
Ma 100Greater thanMa 2007.506
OpenGreater thanClose7.520
Total3/5 (60.0%)
Penke

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