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Zhejiang Meida Industrial Co Ltd
Buy, Hold or Sell?

Let's analyse Meida together

PenkeI guess you are interested in Zhejiang Meida Industrial Co Ltd. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Zhejiang Meida Industrial Co Ltd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Meida (30 sec.)










What can you expect buying and holding a share of Meida? (30 sec.)

How much money do you get?

How much money do you get?
¥0.26
When do you have the money?
1 year
How often do you get paid?
85.0%

What is your share worth?

Current worth
¥2.99
Expected worth in 1 year
¥3.06
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
¥1.93
Return On Investment
21.3%

For what price can you sell your share?

Current Price per Share
¥9.06
Expected price per share
¥7.56 - ¥9.55
How sure are you?
50%

1. Valuation of Meida (5 min.)




Live pricePrice per Share (EOD)

¥9.06

Intrinsic Value Per Share

¥3.49 - ¥3.85

Total Value Per Share

¥6.48 - ¥6.83

2. Growth of Meida (5 min.)




Is Meida growing?

Current yearPrevious yearGrowGrow %
How rich?$267m$264.3m$3.6m1.4%

How much money is Meida making?

Current yearPrevious yearGrowGrow %
Making money$15.3m$20.2m-$4.9m-32.4%
Net Profit Margin26.2%28.6%--

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

3. Financial Health of Meida (5 min.)




4. Comparing to competitors in the Furnishings, Fixtures & Appliances industry (5 min.)




  Industry Rankings (Furnishings, Fixtures & Appliances)  


Richest
#87 / 261

Most Revenue
#140 / 261

Most Profit
#57 / 261

What can you expect buying and holding a share of Meida? (5 min.)

Welcome investor! Meida's management wants to use your money to grow the business. In return you get a share of Meida.

What can you expect buying and holding a share of Meida?

First you should know what it really means to hold a share of Meida. And how you can make/lose money.

Speculation

The Price per Share of Meida is ¥9.06. 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 Meida.
  • 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 Meida, 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 ¥2.99. Based on the TTM, the Book Value Change Per Share is ¥0.02 per quarter. Based on the YOY, the Book Value Change Per Share is ¥0.05 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 ¥0.46 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Meida.

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 Eps0.030.3%0.020.3%0.030.3%0.030.3%0.020.2%
Usd Book Value Change Per Share0.030.3%0.000.0%0.010.1%0.010.1%0.010.1%
Usd Dividend Per Share0.000.0%0.060.7%0.091.0%0.070.7%0.040.5%
Usd Total Gains Per Share0.030.3%0.070.7%0.101.1%0.070.8%0.050.5%
Usd Price Per Share1.48-1.54-1.98-1.90-2.10-
Price to Earnings Ratio11.85-17.15-16.50-21.17-42.00-
Price-to-Total Gains Ratio46.97-34.06-33.68-39.52-116.49-
Price to Book Ratio3.57-3.72-4.85-5.40-7.79-
Price-to-Total Gains Ratio46.97-34.06-33.68-39.52-116.49-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share1.253904
Number of shares797
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.060.07
Usd Book Value Change Per Share0.000.01
Usd Total Gains Per Share0.070.07
Gains per Quarter (797 shares)53.2058.54
Gains per Year (797 shares)212.80234.15
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1205820321024224
24101541642147458
36162362963171692
48213184284295926
5102638105510521191160
6123146126812631421394
7143653148114731661628
8164161169416841901862
9184769190718942132096
10205276212021042372330

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%40.00.00.0100.0%47.00.00.0100.0%
Book Value Change Per Share3.01.00.075.0%9.03.00.075.0%15.05.00.075.0%30.010.00.075.0%36.011.00.076.6%
Dividend per Share3.00.01.075.0%11.00.01.091.7%18.00.02.090.0%34.00.06.085.0%36.00.011.076.6%
Total Gains per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%40.00.00.0100.0%47.00.00.0100.0%

Fundamentals of Meida

About Zhejiang Meida Industrial Co Ltd

Zhejiang Meida Industrial Co., Ltd. engages in the research and development, manufacture, and sale of household kitchen appliances primarily integrated stove products in China. It offers range hoods, stoves, disinfection cabinets, storage cabinets, electric ovens, and electric steamers, as well as integrated sinks, water purifiers, and built-in kitchen appliances. The company was founded in 2001 and is headquartered in Haining, China.

Fundamental data was last updated by Penke on 2024-03-24 04:29:06.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very 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 fair priced.
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 Meida Industrial Co Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Meida earns for each ¥1 of revenue.

  • Above 10% is considered healthy but always compare Meida to the Furnishings, Fixtures & Appliances industry mean.
  • A Net Profit Margin of 29.7% means that ¥0.30 for each ¥1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Zhejiang Meida Industrial Co Ltd:

  • The MRQ is 29.7%. The company is making a huge profit. +2
  • The TTM is 26.2%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ29.7%TTM26.2%+3.5%
TTM26.2%YOY28.6%-2.4%
TTM26.2%5Y27.8%-1.6%
5Y27.8%10Y28.5%-0.7%
Compared to industry (Furnishings, Fixtures & Appliances)
PeriodCompanyIndustry (mean)+/- 
MRQ29.7%3.6%+26.1%
TTM26.2%2.9%+23.3%
YOY28.6%3.7%+24.9%
5Y27.8%3.5%+24.3%
10Y28.5%4.1%+24.4%
1.1.2. Return on Assets

Shows how efficient Meida is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Meida to the Furnishings, Fixtures & Appliances industry mean.
  • 6.6% Return on Assets means that Meida generated ¥0.07 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Zhejiang Meida Industrial Co Ltd:

  • The MRQ is 6.6%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 5.0%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ6.6%TTM5.0%+1.6%
TTM5.0%YOY6.4%-1.4%
TTM5.0%5Y6.3%-1.3%
5Y6.3%10Y5.2%+1.1%
Compared to industry (Furnishings, Fixtures & Appliances)
PeriodCompanyIndustry (mean)+/- 
MRQ6.6%1.1%+5.5%
TTM5.0%0.9%+4.1%
YOY6.4%1.2%+5.2%
5Y6.3%1.2%+5.1%
10Y5.2%1.5%+3.7%
1.1.3. Return on Equity

Shows how efficient Meida is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Meida to the Furnishings, Fixtures & Appliances industry mean.
  • 7.5% Return on Equity means Meida generated ¥0.08 for each ¥1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Zhejiang Meida Industrial Co Ltd:

  • The MRQ is 7.5%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 5.8%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ7.5%TTM5.8%+1.8%
TTM5.8%YOY7.7%-1.9%
TTM5.8%5Y7.9%-2.2%
5Y7.9%10Y6.5%+1.5%
Compared to industry (Furnishings, Fixtures & Appliances)
PeriodCompanyIndustry (mean)+/- 
MRQ7.5%2.4%+5.1%
TTM5.8%2.0%+3.8%
YOY7.7%2.6%+5.1%
5Y7.9%2.6%+5.3%
10Y6.5%2.9%+3.6%

1.2. Operating Efficiency of Zhejiang Meida Industrial Co Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Meida is operating .

  • Measures how much profit Meida 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 Meida to the Furnishings, Fixtures & Appliances industry mean.
  • An Operating Margin of 34.5% means the company generated ¥0.34  for each ¥1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Zhejiang Meida Industrial Co Ltd:

  • The MRQ is 34.5%. The company is operating very efficient. +2
  • The TTM is 27.2%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ34.5%TTM27.2%+7.3%
TTM27.2%YOY31.2%-4.0%
TTM27.2%5Y30.7%-3.5%
5Y30.7%10Y16.2%+14.6%
Compared to industry (Furnishings, Fixtures & Appliances)
PeriodCompanyIndustry (mean)+/- 
MRQ34.5%6.0%+28.5%
TTM27.2%3.0%+24.2%
YOY31.2%5.6%+25.6%
5Y30.7%5.4%+25.3%
10Y16.2%4.7%+11.5%
1.2.2. Operating Ratio

Measures how efficient Meida is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Furnishings, Fixtures & Appliances industry mean).
  • An Operation Ratio of 1.17 means that the operating costs are ¥1.17 for each ¥1 in net sales.

Let's take a look of the Operating Ratio trends of Zhejiang Meida Industrial Co Ltd:

  • The MRQ is 1.172. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.266. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.172TTM1.266-0.094
TTM1.266YOY1.223+0.043
TTM1.2665Y1.195+0.070
5Y1.19510Y0.832+0.363
Compared to industry (Furnishings, Fixtures & Appliances)
PeriodCompanyIndustry (mean)+/- 
MRQ1.1721.509-0.337
TTM1.2661.512-0.246
YOY1.2231.457-0.234
5Y1.1951.442-0.247
10Y0.8321.192-0.360

1.3. Liquidity of Zhejiang Meida Industrial Co Ltd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Meida is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Furnishings, Fixtures & Appliances industry mean).
  • A Current Ratio of 4.81 means the company has ¥4.81 in assets for each ¥1 in short-term debts.

Let's take a look of the Current Ratio trends of Zhejiang Meida Industrial Co Ltd:

  • The MRQ is 4.811. The company is very able to pay all its short-term debts. +2
  • The TTM is 4.729. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ4.811TTM4.729+0.081
TTM4.729YOY3.633+1.097
TTM4.7295Y3.098+1.631
5Y3.09810Y1.601+1.497
Compared to industry (Furnishings, Fixtures & Appliances)
PeriodCompanyIndustry (mean)+/- 
MRQ4.8111.611+3.200
TTM4.7291.637+3.092
YOY3.6331.677+1.956
5Y3.0981.723+1.375
10Y1.6011.561+0.040
1.3.2. Quick Ratio

Measures if Meida is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Meida to the Furnishings, Fixtures & Appliances industry mean.
  • A Quick Ratio of 0.14 means the company can pay off ¥0.14 for each ¥1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Zhejiang Meida Industrial Co Ltd:

  • The MRQ is 0.139. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.177. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.139TTM0.177-0.038
TTM0.177YOY1.632-1.455
TTM0.1775Y0.644-0.467
5Y0.64410Y0.459+0.185
Compared to industry (Furnishings, Fixtures & Appliances)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1390.620-0.481
TTM0.1770.629-0.452
YOY1.6320.708+0.924
5Y0.6440.744-0.100
10Y0.4590.724-0.265

1.4. Solvency of Zhejiang Meida Industrial Co Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Meida assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Meida to Furnishings, Fixtures & Appliances industry mean.
  • A Debt to Asset Ratio of 0.13 means that Meida assets are financed with 12.7% credit (debt) and the remaining percentage (100% - 12.7%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Zhejiang Meida Industrial Co Ltd:

  • The MRQ is 0.127. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.132. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.127TTM0.132-0.005
TTM0.132YOY0.164-0.032
TTM0.1325Y0.192-0.060
5Y0.19210Y0.177+0.015
Compared to industry (Furnishings, Fixtures & Appliances)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1270.488-0.361
TTM0.1320.488-0.356
YOY0.1640.497-0.333
5Y0.1920.475-0.283
10Y0.1770.460-0.283
1.4.2. Debt to Equity Ratio

Measures if Meida is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Meida to the Furnishings, Fixtures & Appliances industry mean.
  • A Debt to Equity ratio of 14.5% means that company has ¥0.15 debt for each ¥1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Zhejiang Meida Industrial Co Ltd:

  • The MRQ is 0.145. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.152. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.145TTM0.152-0.007
TTM0.152YOY0.196-0.044
TTM0.1525Y0.242-0.089
5Y0.24210Y0.220+0.021
Compared to industry (Furnishings, Fixtures & Appliances)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1450.956-0.811
TTM0.1520.956-0.804
YOY0.1960.987-0.791
5Y0.2420.973-0.731
10Y0.2200.941-0.721

2. Market Valuation of Zhejiang Meida Industrial 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 Meida generates.

  • Above 15 is considered overpriced but always compare Meida to the Furnishings, Fixtures & Appliances industry mean.
  • A PE ratio of 11.85 means the investor is paying ¥11.85 for every ¥1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Zhejiang Meida Industrial Co Ltd:

  • The EOD is 10.065. Based on the earnings, the company is underpriced. +1
  • The MRQ is 11.854. Based on the earnings, the company is underpriced. +1
  • The TTM is 17.145. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD10.065MRQ11.854-1.789
MRQ11.854TTM17.145-5.291
TTM17.145YOY16.500+0.645
TTM17.1455Y21.172-4.027
5Y21.17210Y41.999-20.827
Compared to industry (Furnishings, Fixtures & Appliances)
PeriodCompanyIndustry (mean)+/- 
EOD10.06510.143-0.078
MRQ11.85410.197+1.657
TTM17.14511.524+5.621
YOY16.50013.691+2.809
5Y21.17215.673+5.499
10Y41.99918.912+23.087
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Zhejiang Meida Industrial Co Ltd:

  • The EOD is 8.292. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 9.766. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 19.225. Based on how much money comes from the company's main activities, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD8.292MRQ9.766-1.474
MRQ9.766TTM19.225-9.459
TTM19.225YOY24.725-5.501
TTM19.2255Y5.236+13.989
5Y5.23610Y21.780-16.544
Compared to industry (Furnishings, Fixtures & Appliances)
PeriodCompanyIndustry (mean)+/- 
EOD8.2923.897+4.395
MRQ9.7663.386+6.380
TTM19.2252.115+17.110
YOY24.7251.124+23.601
5Y5.2362.439+2.797
10Y21.7802.588+19.192
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Meida is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Furnishings, Fixtures & Appliances industry mean).
  • A PB ratio of 3.57 means the investor is paying ¥3.57 for each ¥1 in book value.

Let's take a look of the Price to Book Ratio trends of Zhejiang Meida Industrial Co Ltd:

  • The EOD is 3.034. Based on the equity, the company is fair priced.
  • The MRQ is 3.573. Based on the equity, the company is fair priced.
  • The TTM is 3.720. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD3.034MRQ3.573-0.539
MRQ3.573TTM3.720-0.146
TTM3.720YOY4.846-1.126
TTM3.7205Y5.401-1.681
5Y5.40110Y7.789-2.389
Compared to industry (Furnishings, Fixtures & Appliances)
PeriodCompanyIndustry (mean)+/- 
EOD3.0341.600+1.434
MRQ3.5731.582+1.991
TTM3.7201.620+2.100
YOY4.8461.848+2.998
5Y5.4011.928+3.473
10Y7.7892.167+5.622
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Zhejiang Meida Industrial 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--0.2270.017+1213%0.052+338%0.054+323%0.041+453%
Book Value Per Share--2.9862.9970%2.956+1%2.593+15%2.126+40%
Current Ratio--4.8114.729+2%3.633+32%3.098+55%1.601+200%
Debt To Asset Ratio--0.1270.132-4%0.164-23%0.192-34%0.177-28%
Debt To Equity Ratio--0.1450.152-5%0.196-26%0.242-40%0.220-34%
Dividend Per Share---0.465-100%0.650-100%0.477-100%0.306-100%
Eps--0.2250.171+31%0.227-1%0.202+11%0.144+57%
Free Cash Flow Per Share--0.2730.195+40%0.176+55%0.179+53%0.159+71%
Free Cash Flow To Equity Per Share--0.273-0.115+142%-0.155+157%-0.170+162%-0.040+115%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--3.847--------
Intrinsic Value_10Y_min--3.493--------
Intrinsic Value_1Y_max--0.759--------
Intrinsic Value_1Y_min--0.746--------
Intrinsic Value_3Y_max--1.996--------
Intrinsic Value_3Y_min--1.912--------
Intrinsic Value_5Y_max--2.890--------
Intrinsic Value_5Y_min--2.707--------
Market Cap5853230830.080-18%6893374498.5607200249183.360-4%9222391843.200-25%8861894845.056-22%9799869341.700-30%
Net Profit Margin--0.2970.262+14%0.286+4%0.278+7%0.285+4%
Operating Margin--0.3450.272+27%0.312+11%0.307+12%0.162+113%
Operating Ratio--1.1721.266-7%1.223-4%1.195-2%0.832+41%
Pb Ratio3.034-18%3.5733.720-4%4.846-26%5.401-34%7.789-54%
Pe Ratio10.065-18%11.85417.145-31%16.500-28%21.172-44%41.999-72%
Price Per Share9.060-18%10.67011.145-4%14.275-25%13.717-22%15.169-30%
Price To Free Cash Flow Ratio8.292-18%9.76619.225-49%24.725-61%5.236+87%21.780-55%
Price To Total Gains Ratio39.879-18%46.96634.063+38%33.681+39%39.522+19%116.486-60%
Quick Ratio--0.1390.177-22%1.632-92%0.644-78%0.459-70%
Return On Assets--0.0660.050+32%0.064+3%0.063+4%0.052+26%
Return On Equity--0.0750.058+31%0.077-2%0.079-5%0.065+17%
Total Gains Per Share--0.2270.482-53%0.702-68%0.531-57%0.347-35%
Usd Book Value--267004321.953267960950.9060%264306141.398+1%231885066.845+15%190128063.972+40%
Usd Book Value Change Per Share--0.0310.002+1213%0.007+338%0.007+323%0.006+453%
Usd Book Value Per Share--0.4130.4150%0.409+1%0.359+15%0.294+40%
Usd Dividend Per Share---0.064-100%0.090-100%0.066-100%0.042-100%
Usd Eps--0.0310.024+31%0.031-1%0.028+11%0.020+57%
Usd Free Cash Flow--24422509.65617475140.183+40%15764842.791+55%16012719.524+53%12466714.744+96%
Usd Free Cash Flow Per Share--0.0380.027+40%0.024+55%0.025+53%0.022+71%
Usd Free Cash Flow To Equity Per Share--0.038-0.016+142%-0.021+157%-0.024+162%-0.006+115%
Usd Market Cap810087146.883-18%954043030.601996514486.977-4%1276379031.099-25%1226486246.556-22%1356301916.891-30%
Usd Price Per Share1.254-18%1.4771.542-4%1.976-25%1.898-22%2.099-30%
Usd Profit--20120525.21815325028.996+31%20291917.389-1%18089365.976+11%12854878.075+57%
Usd Revenue--67670023.77958736408.988+15%70152598.242-4%63538878.436+7%44822118.370+51%
Usd Total Gains Per Share--0.0310.067-53%0.097-68%0.073-57%0.048-35%
 EOD+4 -4MRQTTM+24 -11YOY+22 -135Y+25 -1010Y+25 -10

3.2. Fundamental Score

Let's check the fundamental score of Zhejiang Meida Industrial Co Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1510.065
Price to Book Ratio (EOD)Between0-13.034
Net Profit Margin (MRQ)Greater than00.297
Operating Margin (MRQ)Greater than00.345
Quick Ratio (MRQ)Greater than10.139
Current Ratio (MRQ)Greater than14.811
Debt to Asset Ratio (MRQ)Less than10.127
Debt to Equity Ratio (MRQ)Less than10.145
Return on Equity (MRQ)Greater than0.150.075
Return on Assets (MRQ)Greater than0.050.066
Total7/10 (70.0%)

3.3. Technical Score

Let's check the technical score of Zhejiang Meida Industrial Co Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5041.437
Ma 20Greater thanMa 509.332
Ma 50Greater thanMa 1009.304
Ma 100Greater thanMa 2009.774
OpenGreater thanClose8.960
Total1/5 (20.0%)



Latest Balance Sheet

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

Summary
Total Assets2,209,649
Total Liabilities280,427
Total Stockholder Equity1,929,222
 As reported
Total Liabilities 280,427
Total Stockholder Equity+ 1,929,222
Total Assets = 2,209,649

Assets

Total Assets2,209,649
Total Current Assets1,236,711
Long-term Assets972,938
Total Current Assets
Cash And Cash Equivalents 1,113,501
Net Receivables 35,662
Inventory 78,927
Other Current Assets 8,622
Total Current Assets  (as reported)1,236,711
Total Current Assets  (calculated)1,236,711
+/- 0
Long-term Assets
Property Plant Equipment 665,686
Intangible Assets 152,309
Other Assets 36,845
Long-term Assets  (as reported)972,938
Long-term Assets  (calculated)854,840
+/- 118,098

Liabilities & Shareholders' Equity

Total Current Liabilities257,072
Long-term Liabilities23,355
Total Stockholder Equity1,929,222
Total Current Liabilities
Accounts payable 65,444
Other Current Liabilities 172,573
Total Current Liabilities  (as reported)257,072
Total Current Liabilities  (calculated)238,017
+/- 19,055
Long-term Liabilities
Capital Lease Obligations Min Short Term Debt2,066
Other Liabilities 21,289
Long-term Liabilities  (as reported)23,355
Long-term Liabilities  (calculated)23,355
+/- 0
Total Stockholder Equity
Common Stock646,052
Retained Earnings 1,274,563
Total Stockholder Equity (as reported)1,929,222
Total Stockholder Equity (calculated)1,920,615
+/- 8,607
Other
Capital Stock646,052
Common Stock Shares Outstanding 646,052
Net Invested Capital 1,929,222
Net Tangible Assets 1,776,913
Net Working Capital 979,639
Property Plant and Equipment Gross 665,686



Balance Sheet

Currency in CNY. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312010-12-312009-12-31
> Total Assets 
450,761
427,129
459,928
424,072
875,962
899,605
1,002,266
964,772
933,671
999,334
1,073,059
1,055,018
1,009,052
1,077,346
1,131,172
1,119,587
1,058,814
1,113,974
1,211,888
1,190,368
1,162,732
1,246,104
1,397,629
1,485,538
1,386,162
1,526,989
1,675,684
1,706,606
1,563,854
1,672,740
1,780,578
1,811,469
1,673,627
1,845,928
1,986,804
1,866,524
1,790,208
1,947,522
2,178,535
2,143,930
2,030,851
2,189,986
2,355,604
2,435,767
2,103,375
2,238,846
2,280,704
2,343,208
2,086,719
2,209,649
2,209,6492,086,7192,343,2082,280,7042,238,8462,103,3752,435,7672,355,6042,189,9862,030,8512,143,9302,178,5351,947,5221,790,2081,866,5241,986,8041,845,9281,673,6271,811,4691,780,5781,672,7401,563,8541,706,6061,675,6841,526,9891,386,1621,485,5381,397,6291,246,1041,162,7321,190,3681,211,8881,113,9741,058,8141,119,5871,131,1721,077,3461,009,0521,055,0181,073,059999,334933,671964,7721,002,266899,605875,962424,072459,928427,129450,761
   > 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
911,601
955,650
934,024
749,651
913,620
916,366
799,731
726,356
907,777
1,137,158
1,118,160
1,017,462
1,202,792
1,306,929
1,417,451
1,098,405
1,255,402
1,304,322
1,383,244
1,143,888
1,236,711
1,236,7111,143,8881,383,2441,304,3221,255,4021,098,4051,417,4511,306,9291,202,7921,017,4621,118,1601,137,158907,777726,356799,731916,366913,620749,651934,024955,650911,60100000000000000000000000000000
       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
722,285
839,379
800,496
597,692
770,148
799,127
649,307
564,026
778,810
509,971
491,003
455,613
633,610
646,635
703,651
361,971
528,322
1,099,193
1,210,688
982,037
1,113,501
1,113,501982,0371,210,6881,099,193528,322361,971703,651646,635633,610455,613491,003509,971778,810564,026649,307799,127770,148597,692800,496839,379722,28500000000000000000000000000000
       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
0
0
500,000
500,000
350,000
400,000
500,000
500,000
500,000
500,000
0
0
0
0
0000500,000500,000500,000500,000400,000350,000500,000500,00000000000000000000000000000000000000000
       Net Receivables 
95,767
2,815
2,571
7,994
25,220
12,107
4,896
229,740
229,226
16,425
163,698
142,992
141,798
19,008
7,519
38,800
20,650
17,660
7,330
20,116
18,264
20,009
9,778
19,916
16,944
15,690
9,297
18,153
22,952
37,623
21,586
32,347
41,260
37,386
23,881
36,465
64,980
48,021
34,379
29,082
55,548
50,236
22,507
82,576
105,131
61,578
79,045
34,611
44,065
35,662
35,66244,06534,61179,04561,578105,13182,57622,50750,23655,54829,08234,37948,02164,98036,46523,88137,38641,26032,34721,58637,62322,95218,1539,29715,69016,94419,9169,77820,00918,26420,1167,33017,66020,65038,8007,51919,008141,798142,992163,69816,425229,226229,7404,89612,10725,2207,9942,5712,81595,767
       Other Current Assets 
3,240
9,233
4,288
8,324
8,326
5,867
5,268
7,510
2,938
7,292
372,644
1,812
1,038
4,268
733
5,270
5,535
12,241
3,904
10,734
3,506
3,101
4,260
13,805
6,468
13,783
10,818
9,517
36,774
49,102
30,559
18,528
23,744
15,074
13,717
4,689
8,459
17,787
14,784
14,720
5,243
18,526
17,058
21,995
12,597
20,538
6,976
9,117
12,913
8,622
8,62212,9139,1176,97620,53812,59721,99517,05818,5265,24314,72014,78417,7878,4594,68913,71715,07423,74418,52830,55949,10236,7749,51710,81813,7836,46813,8054,2603,1013,50610,7343,90412,2415,5355,2707334,2681,0381,812372,6447,2922,9387,5105,2685,8678,3268,3244,2889,2333,240
   > 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
877,444
923,976
932,308
1,070,439
1,066,793
1,063,852
1,039,745
1,041,376
1,025,770
1,013,389
987,194
1,048,675
1,018,316
1,004,969
983,444
976,383
959,965
942,832
972,938
972,938942,832959,965976,383983,4441,004,9691,018,3161,048,675987,1941,013,3891,025,7701,041,3761,039,7451,063,8521,066,7931,070,439932,308923,976877,4440000000000000000000000000000000
       Property Plant Equipment 
135,733
138,005
202,469
159,183
224,352
169,641
272,352
222,477
295,510
250,449
334,892
280,308
279,209
311,483
323,128
324,575
322,660
329,262
354,086
360,784
353,608
351,135
353,171
346,106
349,249
352,432
365,107
426,889
483,994
552,158
561,764
599,697
660,410
685,174
809,583
808,274
806,892
793,801
794,803
786,296
775,867
757,102
772,420
754,192
742,913
716,218
708,397
694,522
680,276
665,686
665,686680,276694,522708,397716,218742,913754,192772,420757,102775,867786,296794,803793,801806,892808,274809,583685,174660,410599,697561,764552,158483,994426,889365,107352,432349,249346,106353,171351,135353,608360,784354,086329,262322,660324,575323,128311,483279,209280,308334,892250,449295,510222,477272,352169,641224,352159,183202,469138,005135,733
       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
104,452
79,596
96,282
78,990
61,382
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000061,38278,99096,28279,596104,45200000000000000000000000000000
       Intangible Assets 
15,172
28,702
404
56,641
1,566
61,408
1,731
64,737
3,032
63,930
2,841
62,990
62,443
62,180
63,205
63,539
63,077
62,857
62,482
61,885
61,348
60,986
60,638
60,038
59,721
62,544
102,935
102,388
101,876
101,275
174,706
174,662
7,537
173,736
174,116
172,755
171,409
170,521
169,025
167,720
166,285
164,859
162,531
161,115
159,967
156,926
155,782
154,602
153,453
152,309
152,309153,453154,602155,782156,926159,967161,115162,531164,859166,285167,720169,025170,521171,409172,755174,116173,7367,537174,662174,706101,275101,876102,388102,93562,54459,72160,03860,63860,98661,34861,88562,48262,85763,07763,53963,20562,18062,44362,9902,84163,9303,03264,7371,73161,4081,56656,64140428,70215,172
       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
877,444
923,976
932,308
288
288
288
793,801
0
0
0
0
0
0
0
0
0
0
0
0
000000000000793,801288288288932,308923,976877,4440000000000000000000000000000000
> Total Liabilities 
156,035
161,896
131,867
73,876
63,945
76,536
139,846
81,971
80,528
131,906
152,962
112,201
110,801
144,856
143,341
106,347
116,862
134,470
168,416
118,276
153,606
179,731
246,575
286,703
323,032
375,758
367,272
335,681
409,119
437,403
415,501
356,772
426,953
491,929
467,556
328,246
452,354
454,347
474,821
345,365
466,730
439,426
405,364
375,107
359,866
354,350
314,179
276,867
304,272
280,427
280,427304,272276,867314,179354,350359,866375,107405,364439,426466,730345,365474,821454,347452,354328,246467,556491,929426,953356,772415,501437,403409,119335,681367,272375,758323,032286,703246,575179,731153,606118,276168,416134,470116,862106,347143,341144,856110,801112,201152,962131,90680,52881,971139,84676,53663,94573,876131,867161,896156,035
   > Total Current Liabilities 
156,035
161,896
131,867
73,876
63,945
76,536
139,846
81,971
80,528
131,906
149,488
108,727
107,414
141,513
140,042
103,047
113,650
131,302
165,291
115,195
150,568
176,736
243,624
283,796
320,168
372,939
362,985
331,818
405,954
434,336
411,822
351,903
422,206
483,804
439,792
301,207
425,509
427,590
448,539
316,685
438,451
412,475
380,671
350,908
336,161
331,138
288,146
251,717
280,018
257,072
257,072280,018251,717288,146331,138336,161350,908380,671412,475438,451316,685448,539427,590425,509301,207439,792483,804422,206351,903411,822434,336405,954331,818362,985372,939320,168283,796243,624176,736150,568115,195165,291131,302113,650103,047140,042141,513107,414108,727149,488131,90680,52881,971139,84676,53663,94573,876131,867161,896156,035
       Accounts payable 
44,505
38,682
38,690
42,836
34,658
36,249
48,910
38,432
35,547
62,700
59,694
47,228
40,093
60,341
65,866
49,719
48,317
58,807
78,184
60,638
62,322
80,276
89,982
86,471
110,775
122,145
97,657
120,489
133,532
152,775
160,804
139,011
189,168
197,726
240,361
193,183
212,918
217,977
97,996
145,261
130,336
118,689
112,700
122,282
105,490
115,028
65,845
79,295
60,693
65,444
65,44460,69379,29565,845115,028105,490122,282112,700118,689130,336145,26197,996217,977212,918193,183240,361197,726189,168139,011160,804152,775133,532120,48997,657122,145110,77586,47189,98280,27662,32260,63878,18458,80748,31749,71965,86660,34140,09347,22859,69462,70035,54738,43248,91036,24934,65842,83638,69038,68244,505
       Other Current Liabilities 
91,530
123,214
93,177
31,040
29,287
40,287
90,936
43,539
44,981
69,206
89,794
61,500
67,321
81,172
74,175
53,328
65,333
72,494
87,106
54,557
88,246
96,460
153,643
197,325
209,393
250,793
265,328
211,328
272,422
265,850
206,070
202,917
207,742
264,936
152,597
101,300
176,141
183,627
273,215
160,500
277,254
268,528
207,904
217,354
193,138
198,736
177,131
159,979
207,962
172,573
172,573207,962159,979177,131198,736193,138217,354207,904268,528277,254160,500273,215183,627176,141101,300152,597264,936207,742202,917206,070265,850272,422211,328265,328250,793209,393197,325153,64396,46088,24654,55787,10672,49465,33353,32874,17581,17267,32161,50089,79469,20644,98143,53990,93640,28729,28731,04093,177123,21491,530
   > 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
4,869
4,747
8,125
27,764
27,038
26,845
26,756
26,282
28,680
28,279
26,950
24,693
24,199
23,705
23,212
26,033
25,150
24,253
23,355
23,35524,25325,15026,03323,21223,70524,19924,69326,95028,27928,68026,28226,75626,84527,03827,7648,1254,7474,8690000000000000000000000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
3,474
3,474
3,387
3,343
3,300
3,300
3,212
3,169
3,125
3,082
3,038
2,994
2,951
2,907
2,864
2,820
3,362
3,275
3,165
3,067
3,679
4,869
4,747
8,125
27,764
27,038
26,845
26,756
26,282
25,814
25,346
24,878
24,693
24,199
23,705
23,212
22,785
22,291
21,788
21,289
21,28921,78822,29122,78523,21223,70524,19924,69324,87825,34625,81426,28226,75626,84527,03827,7648,1254,7474,8693,6793,0673,1653,2753,3622,8202,8642,9072,9512,9943,0383,0823,1253,1693,2123,3003,3003,3433,3873,4743,4740000000000
       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
890
894
823
805
1,417
1,281
1,146
1,241
1,233
1,149
965
2,983
2,741
2,305
1,869
1,574
1,279
1,022
766
7661,0221,2791,5741,8692,3052,7412,9839651,1491,2331,2411,1461,2811,4178058238948900000000000000000000000000000000
> Total Stockholder Equity
294,725
265,233
328,061
350,196
812,017
823,069
862,420
882,802
853,143
867,428
920,097
942,817
898,251
932,490
987,831
1,013,240
941,952
979,504
1,043,472
1,072,092
1,009,126
1,066,374
1,151,053
1,198,835
1,063,130
1,151,231
1,308,413
1,370,925
1,154,735
1,235,337
1,365,076
1,454,697
1,246,674
1,353,999
1,519,248
1,538,278
1,337,854
1,493,175
1,703,714
1,798,565
1,564,121
1,750,561
1,950,240
2,060,660
1,743,509
1,884,496
1,966,525
2,066,341
1,782,448
1,929,222
1,929,2221,782,4482,066,3411,966,5251,884,4961,743,5092,060,6601,950,2401,750,5611,564,1211,798,5651,703,7141,493,1751,337,8541,538,2781,519,2481,353,9991,246,6741,454,6971,365,0761,235,3371,154,7351,370,9251,308,4131,151,2311,063,1301,198,8351,151,0531,066,3741,009,1261,072,0921,043,472979,504941,9521,013,240987,831932,490898,251942,817920,097867,428853,143882,802862,420823,069812,017350,196328,061265,233294,725
   Common Stock
53,000
150,000
150,000
150,000
200,000
200,000
200,000
200,000
200,000
200,000
200,000
200,000
200,000
200,000
200,000
200,000
400,000
400,000
400,000
400,000
640,000
640,000
645,872
645,872
645,872
645,872
646,077
646,077
646,052
646,052
646,052
646,052
646,052
646,052
646,052
646,052
646,052
646,052
646,052
646,052
646,052
646,052
646,052
646,052
646,052
646,052
646,052
646,052
646,052
646,052
646,052646,052646,052646,052646,052646,052646,052646,052646,052646,052646,052646,052646,052646,052646,052646,052646,052646,052646,052646,052646,052646,052646,077646,077645,872645,872645,872645,872640,000640,000400,000400,000400,000400,000200,000200,000200,000200,000200,000200,000200,000200,000200,000200,000200,000200,000150,000150,000150,00053,000
   Retained Earnings 
176,830
34,038
89,793
111,928
127,439
138,490
171,579
191,961
162,302
176,587
221,337
270,446
225,881
260,120
315,461
340,870
269,582
307,134
371,102
399,722
336,756
394,003
473,758
514,973
372,701
454,234
578,730
640,445
425,721
527,085
655,841
588,984
395,570
517,773
815,447
835,766
635,765
800,534
1,008,850
1,109,379
875,481
1,072,117
1,285,903
1,407,460
1,089,725
1,232,195
1,311,667
1,412,318
1,129,183
1,274,563
1,274,5631,129,1831,412,3181,311,6671,232,1951,089,7251,407,4601,285,9031,072,117875,4811,109,3791,008,850800,534635,765835,766815,447517,773395,570588,984655,841527,085425,721640,445578,730454,234372,701514,973473,758394,003336,756399,722371,102307,134269,582340,870315,461260,120225,881270,446221,337176,587162,302191,961171,579138,490127,439111,92889,79334,038176,830
   Capital Surplus 00000000000000000000000000000000000000000000000000
   Treasury Stock00000000000000000000-18,265-18,265-18,415-18,415-35,350-35,350-35,350-35,3500000000000000000000000
   Other Stockholders Equity -96,310-97,704-96,945-96,111-98,667-97,185-97,768-86,631-72,526-62,329-61,783-56,105-58,327-48,880-48,409-47,120-56,201-41,234-26,535-40,718-23,04800000000000000000000000000000



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 (+$)
totalRevenue1,697,584
Cost of Revenue-914,786
Gross Profit782,798782,798
 
Operating Income (+$)
Gross Profit782,798
Operating Expense-1,234,565
Operating Income463,019-451,767
 
Operating Expense (+$)
Research Development60,050
Selling General Administrative196,326
Selling And Marketing Expenses-
Operating Expense1,234,565256,376
 
Net Interest Income (+$)
Interest Income8,562
Interest Expense-161
Other Finance Cost-17,295
Net Interest Income25,696
 
Pretax Income (+$)
Operating Income463,019
Net Interest Income25,696
Other Non-Operating Income Expenses-
Income Before Tax (EBT)512,287463,019
EBIT - interestExpense = -161
442,920
443,081
Interest Expense161
Earnings Before Interest and Taxes (EBIT)-512,448
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax512,287
Tax Provision-69,367
Net Income From Continuing Ops442,920442,920
Net Income442,920
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--25,696
 

Technical Analysis of Meida
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 Meida. The general trend of Meida is BEARISH with 85.7% 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 Meida'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 (-85.7%) Bearish trend (85.7%)
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 Meida Industrial Co Ltd.

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

  • Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 9.2 < 9.2 < 9.55.

The bearish price targets are: 7.56.

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Zhejiang Meida Industrial 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 Meida Industrial Co Ltd. The current mas is .

The long score for the Moving Averages is 1/14.
The longshort score for the Moving Averages is -12/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below 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 lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below 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 below the MA 100. -1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below 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 Meida Industrial 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 Meida Industrial Co Ltd. The current macd is -0.05370085.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal 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 Meida price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Meida. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Meida price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -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 Meida Industrial Co Ltd Daily Moving Average Convergence/Divergence (MACD) ChartZhejiang Meida Industrial 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 Meida Industrial Co Ltd. The current adx is 14.53.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -2/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Meida shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bearish trend could be forming. -1
Zhejiang Meida Industrial 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 Meida Industrial Co Ltd. The current sar is 9.48483149.

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 Meida Industrial 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 Meida Industrial Co Ltd. The current rsi is 41.44. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is -2/(-13 +13).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Trending up: The RSI is trending up. +1
Zhejiang Meida Industrial Co Ltd Daily Relative Strength Index (RSI) ChartZhejiang Meida Industrial 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 Meida Industrial Co Ltd. The current phase is Oversold in bear market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 0/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D 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 Meida price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Zhejiang Meida Industrial Co Ltd Daily Stochastic Oscillator ChartZhejiang Meida Industrial 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 Meida Industrial Co Ltd. The current cci is -166.29258317.

The long score for the Commodity Channel Index (CCI) is 0/1.
The longshort score for the Commodity Channel Index (CCI) is -1/(-1 +1).

  • CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1
Zhejiang Meida Industrial Co Ltd Daily Commodity Channel Index (CCI) ChartZhejiang Meida Industrial 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 Meida Industrial Co Ltd. The current cmo is -28.73116942.

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 Meida Industrial Co Ltd Daily Chande Momentum Oscillator (CMO) ChartZhejiang Meida Industrial 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 Meida Industrial Co Ltd. The current willr is -84.61538462.

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

  • WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1
Zhejiang Meida Industrial Co Ltd Daily Williams %R ChartZhejiang Meida Industrial 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 Meida Industrial Co Ltd.

Zhejiang Meida Industrial 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 Meida Industrial Co Ltd. The current atr is 0.22529363.

Zhejiang Meida Industrial Co Ltd Daily Average True Range (ATR) ChartZhejiang Meida Industrial 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 Meida Industrial Co Ltd. The current obv is -59,613,608.

Zhejiang Meida Industrial Co Ltd Daily On-Balance Volume (OBV) ChartZhejiang Meida Industrial 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 Meida Industrial Co Ltd. The current mfi is 30.39.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Zhejiang Meida Industrial Co Ltd Daily Money Flow Index (MFI) ChartZhejiang Meida Industrial Co Ltd Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Zhejiang Meida Industrial 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
2023-11-03DMI 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
2023-11-06CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-07DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-11-08STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-09DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-11-10DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-11-13SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-14CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-15STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-16STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-20STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-22MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-23MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-27MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-11-28MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-29MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-30STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-01WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-12-05ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-06STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-08STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
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.
2023-12-15STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-18STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-19SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-21STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-25STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-26BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-12-27RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
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.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-02DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-03CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-08CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-09DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-10DMI 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.
2024-01-12STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-15DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-16DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-01-17STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-18DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-19MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-22CCI 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.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-24RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-30CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-31WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-01STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-02ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-05STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-07RSI LONG ENTRY SHORT CLOSE30 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-08SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-19STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-20MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-02-21STOCH SHORT EXITThe %K line crosses above the %D line.
CMO 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.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-28STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-29DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-01STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-07CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-08STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-11SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-13DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-03-14DMI 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.
2024-03-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-18DMI 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
2024-03-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-21DMI 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
2024-03-22MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-25BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-03-26STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-27STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-03-28STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

Zhejiang Meida Industrial Co Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Zhejiang Meida Industrial Co Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5041.437
Ma 20Greater thanMa 509.332
Ma 50Greater thanMa 1009.304
Ma 100Greater thanMa 2009.774
OpenGreater thanClose8.960
Total1/5 (20.0%)
Penke

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