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Foran Energy Group Co Ltd
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Let's analyse Foran Energy Group Co Ltd together

PenkeI guess you are interested in Foran Energy Group 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 Foran Energy Group 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 Foran Energy Group Co Ltd (30 sec.)










What can you expect buying and holding a share of Foran Energy Group Co Ltd? (30 sec.)

How much money do you get?

How much money do you get?
¥0.11
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
¥6.59
Expected worth in 1 year
¥6.80
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
¥0.98
Return On Investment
7.2%

For what price can you sell your share?

Current Price per Share
¥13.63
Expected price per share
¥13.56 - ¥13.79
How sure are you?
50%

1. Valuation of Foran Energy Group Co Ltd (5 min.)




Live pricePrice per Share (EOD)

¥13.63

Intrinsic Value Per Share

¥30.20 - ¥36.40

Total Value Per Share

¥36.79 - ¥42.99

2. Growth of Foran Energy Group Co Ltd (5 min.)




Is Foran Energy Group Co Ltd growing?

Current yearPrevious yearGrowGrow %
How rich?$893.5m$792.1m$99m11.1%

How much money is Foran Energy Group Co Ltd making?

Current yearPrevious yearGrowGrow %
Making money$23.7m$20.9m$2.8m12.1%
Net Profit Margin3.0%3.5%--

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

3. Financial Health of Foran Energy Group Co Ltd (5 min.)




What can you expect buying and holding a share of Foran Energy Group Co Ltd? (5 min.)

Welcome investor! Foran Energy Group Co Ltd's management wants to use your money to grow the business. In return you get a share of Foran Energy Group Co Ltd.

What can you expect buying and holding a share of Foran Energy Group Co Ltd?

First you should know what it really means to hold a share of Foran Energy Group Co Ltd. And how you can make/lose money.

Speculation

The Price per Share of Foran Energy Group Co Ltd is ¥13.63. 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 Foran Energy Group 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 Foran Energy Group 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 ¥6.59. Based on the TTM, the Book Value Change Per Share is ¥0.05 per quarter. Based on the YOY, the Book Value Change Per Share is ¥0.37 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 ¥0.19 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Foran Energy Group 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 Eps0.020.2%0.020.2%0.020.2%0.020.1%0.020.1%
Usd Book Value Change Per Share0.020.2%0.010.1%0.050.4%0.050.4%0.050.4%
Usd Dividend Per Share0.010.1%0.030.2%0.030.2%0.020.2%0.020.2%
Usd Total Gains Per Share0.030.2%0.030.2%0.090.6%0.070.5%0.070.5%
Usd Price Per Share1.66-1.73-1.44-1.89-1.89-
Price to Earnings Ratio18.23-21.72-19.45-33.11-33.11-
Price-to-Total Gains Ratio51.90-53.91-34.31-59.00-59.00-
Price to Book Ratio1.82-1.90-1.78-3.08-3.08-
Price-to-Total Gains Ratio51.90-53.91-34.31-59.00-59.00-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share1.886392
Number of shares530
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.030.02
Usd Book Value Change Per Share0.010.05
Usd Total Gains Per Share0.030.07
Gains per Quarter (530 shares)17.9036.88
Gains per Year (530 shares)71.62147.54
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
157156246102138
21133013491204286
317045206137305434
422760278183407582
528375350229509730
634090422274611878
73961054943207131026
84531205663668141174
95101356384129161322
1056615071045710181470

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%19.00.00.0100.0%19.00.00.0100.0%19.00.00.0100.0%
Book Value Change Per Share3.01.00.075.0%9.03.00.075.0%14.05.00.073.7%14.05.00.073.7%14.05.00.073.7%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%19.00.00.0100.0%19.00.00.0100.0%19.00.00.0100.0%
Total Gains per Share4.00.00.0100.0%12.00.00.0100.0%19.00.00.0100.0%19.00.00.0100.0%19.00.00.0100.0%

Fundamentals of Foran Energy Group Co Ltd

About Foran Energy Group Co Ltd

Foran Energy Group Co., Ltd. transports and sells natural gas in China. The company engages in the provision of energy services, such as oil products, hydrogen energy, thermal energy, photovoltaics, and energy storage; and research, development, and manufacture of fuel cells, hydrogen energy equipment, and furnace thermal equipment. It also provides pipeline inspection and information management, gas engineering and design, gas storage and peak shaving projects, extension projects, and energy saving and emission reduction services. The company holds 13 regional pipeline gas business franchise rights. The company was formerly known as Foshan Gas Group Co.,Ltd. and changed its name to Foran Energy Group Co., Ltd. in March 2020. Foran Energy Group Co., Ltd. was founded in 1992 and is headquartered in Foshan, China.

Fundamental data was last updated by Penke on 2024-03-11 01:44:05.

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 unable 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 able to pay all its debts by selling its assets.
The company is just 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 expensive.

1.1. Profitability of Foran Energy Group Co Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Foran Energy Group Co Ltd earns for each ¥1 of revenue.

  • Above 10% is considered healthy but always compare Foran Energy Group Co Ltd to the Utilities - Regulated Gas industry mean.
  • A Net Profit Margin of 2.4% means that ¥0.02 for each ¥1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Foran Energy Group Co Ltd:

  • The MRQ is 2.4%. The company is making a profit. +1
  • The TTM is 3.0%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ2.4%TTM3.0%-0.5%
TTM3.0%YOY3.5%-0.5%
TTM3.0%5Y4.7%-1.7%
5Y4.7%10Y4.7%0.0%
1.1.2. Return on Assets

Shows how efficient Foran Energy Group Co Ltd is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Foran Energy Group Co Ltd to the Utilities - Regulated Gas industry mean.
  • 1.0% Return on Assets means that Foran Energy Group Co Ltd generated ¥0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Foran Energy Group Co Ltd:

  • The MRQ is 1.0%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 1.1%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ1.0%TTM1.1%-0.1%
TTM1.1%YOY1.1%+0.0%
TTM1.1%5Y1.3%-0.2%
5Y1.3%10Y1.3%0.0%
1.1.3. Return on Equity

Shows how efficient Foran Energy Group Co Ltd is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Foran Energy Group Co Ltd to the Utilities - Regulated Gas industry mean.
  • 2.9% Return on Equity means Foran Energy Group Co Ltd generated ¥0.03 for each ¥1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Foran Energy Group Co Ltd:

  • The MRQ is 2.9%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 3.2%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ2.9%TTM3.2%-0.2%
TTM3.2%YOY3.3%-0.1%
TTM3.2%5Y3.6%-0.4%
5Y3.6%10Y3.6%0.0%

1.2. Operating Efficiency of Foran Energy Group Co Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Foran Energy Group Co Ltd is operating .

  • Measures how much profit Foran Energy Group 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 Foran Energy Group Co Ltd to the Utilities - Regulated Gas industry mean.
  • An Operating Margin of 0.0% means the company generated ¥0.00  for each ¥1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Foran Energy Group Co Ltd:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM4.0%-4.0%
TTM4.0%YOY5.3%-1.3%
TTM4.0%5Y7.6%-3.6%
5Y7.6%10Y7.6%0.0%
1.2.2. Operating Ratio

Measures how efficient Foran Energy Group Co Ltd is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Utilities - Regulated Gas industry mean).
  • An Operation Ratio of 1.91 means that the operating costs are ¥1.91 for each ¥1 in net sales.

Let's take a look of the Operating Ratio trends of Foran Energy Group Co Ltd:

  • The MRQ is 1.912. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.872. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.912TTM1.872+0.040
TTM1.872YOY1.848+0.024
TTM1.8725Y1.800+0.072
5Y1.80010Y1.8000.000

1.3. Liquidity of Foran Energy Group Co Ltd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Foran Energy Group Co Ltd is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Utilities - Regulated Gas industry mean).
  • A Current Ratio of 0.73 means the company has ¥0.73 in assets for each ¥1 in short-term debts.

Let's take a look of the Current Ratio trends of Foran Energy Group Co Ltd:

  • The MRQ is 0.726. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.750. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.726TTM0.750-0.024
TTM0.750YOY0.906-0.156
TTM0.7505Y0.875-0.125
5Y0.87510Y0.8750.000
1.3.2. Quick Ratio

Measures if Foran Energy Group 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 Foran Energy Group Co Ltd to the Utilities - Regulated Gas industry mean.
  • A Quick Ratio of 0.12 means the company can pay off ¥0.12 for each ¥1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Foran Energy Group Co Ltd:

  • The MRQ is 0.121. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.153. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.121TTM0.153-0.032
TTM0.153YOY0.253-0.099
TTM0.1535Y0.206-0.052
5Y0.20610Y0.2060.000

1.4. Solvency of Foran Energy Group Co Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Foran Energy Group Co Ltd assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Foran Energy Group Co Ltd to Utilities - Regulated Gas industry mean.
  • A Debt to Asset Ratio of 0.61 means that Foran Energy Group Co Ltd assets are financed with 61.1% credit (debt) and the remaining percentage (100% - 61.1%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Foran Energy Group Co Ltd:

  • The MRQ is 0.611. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.599. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.611TTM0.599+0.012
TTM0.599YOY0.605-0.006
TTM0.5995Y0.559+0.040
5Y0.55910Y0.5590.000
1.4.2. Debt to Equity Ratio

Measures if Foran Energy Group Co Ltd is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Foran Energy Group Co Ltd to the Utilities - Regulated Gas industry mean.
  • A Debt to Equity ratio of 185.7% means that company has ¥1.86 debt for each ¥1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Foran Energy Group Co Ltd:

  • The MRQ is 1.857. The company is just able to pay all its debts with equity.
  • The TTM is 1.770. The company is just able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ1.857TTM1.770+0.087
TTM1.770YOY1.908-0.138
TTM1.7705Y1.630+0.140
5Y1.63010Y1.6300.000

2. Market Valuation of Foran Energy Group 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 Foran Energy Group Co Ltd generates.

  • Above 15 is considered overpriced but always compare Foran Energy Group Co Ltd to the Utilities - Regulated Gas industry mean.
  • A PE ratio of 18.23 means the investor is paying ¥18.23 for every ¥1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Foran Energy Group Co Ltd:

  • The EOD is 20.686. Based on the earnings, the company is fair priced.
  • The MRQ is 18.227. Based on the earnings, the company is fair priced.
  • The TTM is 21.721. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD20.686MRQ18.227+2.459
MRQ18.227TTM21.721-3.494
TTM21.721YOY19.446+2.274
TTM21.7215Y33.108-11.387
5Y33.10810Y33.1080.000
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Foran Energy Group Co Ltd:

  • The EOD is 5.181. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 4.565. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is -3.712. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD5.181MRQ4.565+0.616
MRQ4.565TTM-3.712+8.277
TTM-3.712YOY32.989-36.701
TTM-3.7125Y93.376-97.087
5Y93.37610Y93.3760.000
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Foran Energy Group Co Ltd is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Utilities - Regulated Gas industry mean).
  • A PB ratio of 1.82 means the investor is paying ¥1.82 for each ¥1 in book value.

Let's take a look of the Price to Book Ratio trends of Foran Energy Group Co Ltd:

  • The EOD is 2.068. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.822. Based on the equity, the company is underpriced. +1
  • The TTM is 1.897. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD2.068MRQ1.822+0.246
MRQ1.822TTM1.897-0.075
TTM1.897YOY1.776+0.122
TTM1.8975Y3.078-1.181
5Y3.07810Y3.0780.000
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Foran Energy Group 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--0.1770.051+246%0.374-53%0.347-49%0.347-49%
Book Value Per Share--6.5926.575+0%5.844+13%4.911+34%4.911+34%
Current Ratio--0.7260.750-3%0.906-20%0.875-17%0.875-17%
Debt To Asset Ratio--0.6110.599+2%0.605+1%0.559+9%0.559+9%
Debt To Equity Ratio--1.8571.770+5%1.908-3%1.630+14%1.630+14%
Dividend Per Share--0.0550.193-72%0.241-77%0.156-65%0.156-65%
Eps--0.1650.176-6%0.154+7%0.138+20%0.138+20%
Free Cash Flow Per Share--0.6580.121+443%0.165+298%0.021+3106%0.021+3106%
Free Cash Flow To Equity Per Share--0.6580.260+153%-0.083+113%0.076+770%0.076+770%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--36.401--------
Intrinsic Value_10Y_min--30.197--------
Intrinsic Value_1Y_max--0.496--------
Intrinsic Value_1Y_min--0.485--------
Intrinsic Value_3Y_max--3.892--------
Intrinsic Value_3Y_min--3.667--------
Intrinsic Value_5Y_max--10.184--------
Intrinsic Value_5Y_min--9.246--------
Market Cap13349344997.120+12%11762702378.24012215679051.840-4%10176059759.360+16%13398320603.104-12%13398320603.104-12%
Net Profit Margin--0.0240.030-17%0.035-30%0.047-48%0.047-48%
Operating Margin---0.040-100%0.053-100%0.076-100%0.076-100%
Operating Ratio--1.9121.872+2%1.848+4%1.800+6%1.800+6%
Pb Ratio2.068+12%1.8221.897-4%1.776+3%3.078-41%3.078-41%
Pe Ratio20.686+12%18.22721.721-16%19.446-6%33.108-45%33.108-45%
Price Per Share13.630+12%12.01012.473-4%10.390+16%13.680-12%13.680-12%
Price To Free Cash Flow Ratio5.181+12%4.565-3.712+181%32.989-86%93.376-95%93.376-95%
Price To Total Gains Ratio58.904+12%51.90353.911-4%34.305+51%59.000-12%59.000-12%
Quick Ratio--0.1210.153-21%0.253-52%0.206-41%0.206-41%
Return On Assets--0.0100.011-10%0.011-8%0.013-24%0.013-24%
Return On Equity--0.0290.032-7%0.033-11%0.036-17%0.036-17%
Total Gains Per Share--0.2310.244-5%0.615-62%0.503-54%0.503-54%
Usd Book Value--893543554.351891256418.985+0%792180863.237+13%665653163.745+34%665653163.745+34%
Usd Book Value Change Per Share--0.0240.007+246%0.052-53%0.048-49%0.048-49%
Usd Book Value Per Share--0.9120.910+0%0.809+13%0.680+34%0.680+34%
Usd Dividend Per Share--0.0080.027-72%0.033-77%0.022-65%0.022-65%
Usd Eps--0.0230.024-6%0.021+7%0.019+20%0.019+20%
Usd Free Cash Flow--89151759.00016414522.630+443%22423974.349+298%2781122.303+3106%2781122.303+3106%
Usd Free Cash Flow Per Share--0.0910.017+443%0.023+298%0.003+3106%0.003+3106%
Usd Free Cash Flow To Equity Per Share--0.0910.036+153%-0.012+113%0.010+770%0.010+770%
Usd Market Cap1847549347.601+12%1627958009.1481690649980.775-4%1408366670.695+16%1854327571.470-12%1854327571.470-12%
Usd Price Per Share1.886+12%1.6621.726-4%1.438+16%1.893-12%1.893-12%
Usd Profit--22328540.73923794426.560-6%20912064.686+7%18689759.529+19%18689759.529+19%
Usd Revenue--913496045.634799253890.308+14%602305574.460+52%466773437.445+96%466773437.445+96%
Usd Total Gains Per Share--0.0320.034-5%0.085-62%0.070-54%0.070-54%
 EOD+4 -4MRQTTM+14 -21YOY+19 -165Y+16 -1910Y+16 -19

3.2. Fundamental Score

Let's check the fundamental score of Foran Energy Group Co Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1520.686
Price to Book Ratio (EOD)Between0-12.068
Net Profit Margin (MRQ)Greater than00.024
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.121
Current Ratio (MRQ)Greater than10.726
Debt to Asset Ratio (MRQ)Less than10.611
Debt to Equity Ratio (MRQ)Less than11.857
Return on Equity (MRQ)Greater than0.150.029
Return on Assets (MRQ)Greater than0.050.010
Total2/10 (20.0%)

3.3. Technical Score

Let's check the technical score of Foran Energy Group Co Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5070.377
Ma 20Greater thanMa 5013.161
Ma 50Greater thanMa 10012.301
Ma 100Greater thanMa 20012.059
OpenGreater thanClose13.480
Total3/5 (60.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2022-09-302022-12-312023-03-312023-06-302023-09-30
Interest Income  5,02430,06135,086-28,4786,60815,41922,027-62,019-39,991



Latest Balance Sheet

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

Summary
Total Assets16,611,556
Total Liabilities10,155,317
Total Stockholder Equity5,469,585
 As reported
Total Liabilities 10,155,317
Total Stockholder Equity+ 5,469,585
Total Assets = 16,611,556

Assets

Total Assets16,611,556
Total Current Assets4,744,300
Long-term Assets11,867,256
Total Current Assets
Cash And Cash Equivalents 1,859,420
Short-term Investments 67,797
Net Receivables 721,980
Inventory 919,252
Other Current Assets 157,816
Total Current Assets  (as reported)4,744,300
Total Current Assets  (calculated)3,726,266
+/- 1,018,035
Long-term Assets
Property Plant Equipment 8,067,345
Goodwill 56,283
Intangible Assets 2,117,463
Long-term Assets Other 141,748
Long-term Assets  (as reported)11,867,256
Long-term Assets  (calculated)10,382,838
+/- 1,484,418

Liabilities & Shareholders' Equity

Total Current Liabilities6,535,435
Long-term Liabilities3,619,882
Total Stockholder Equity5,469,585
Total Current Liabilities
Short Long Term Debt 1,184,104
Accounts payable 1,776,244
Other Current Liabilities 79,775
Total Current Liabilities  (as reported)6,535,435
Total Current Liabilities  (calculated)3,040,122
+/- 3,495,312
Long-term Liabilities
Long term Debt 2,814,780
Capital Lease Obligations Min Short Term Debt109,458
Long-term Liabilities Other 60,976
Long-term Liabilities  (as reported)3,619,882
Long-term Liabilities  (calculated)2,985,215
+/- 634,667
Total Stockholder Equity
Retained Earnings 1,800,849
Total Stockholder Equity (as reported)5,469,585
Total Stockholder Equity (calculated)1,800,849
+/- 3,668,736
Other
Capital Stock979,409
Common Stock Shares Outstanding 979,409
Net Debt 2,139,463
Net Invested Capital 9,468,469
Net Working Capital -1,791,134
Property Plant and Equipment Gross 8,067,345



Balance Sheet

Currency in CNY. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-31
> Total Assets 
0
5,862,390
5,947,228
6,444,548
7,043,325
7,193,300
7,499,211
8,066,099
8,648,687
11,694,424
12,483,526
13,298,215
13,936,992
14,990,979
14,443,453
14,551,314
14,791,737
16,365,000
16,608,417
16,611,556
16,611,55616,608,41716,365,00014,791,73714,551,31414,443,45314,990,97913,936,99213,298,21512,483,52611,694,4248,648,6878,066,0997,499,2117,193,3007,043,3256,444,5485,947,2285,862,3900
   > Total Current Assets 
0
1,933,823
1,927,570
2,302,130
2,287,711
2,386,094
2,515,383
2,716,062
2,682,444
2,917,210
3,325,143
3,945,812
3,785,996
4,601,733
3,601,772
3,526,562
3,578,702
5,043,739
4,993,285
4,744,300
4,744,3004,993,2855,043,7393,578,7023,526,5623,601,7724,601,7333,785,9963,945,8123,325,1432,917,2102,682,4442,716,0622,515,3832,386,0942,287,7112,302,1301,927,5701,933,8230
       Cash And Cash Equivalents 
0
1,117,108
961,273
1,058,382
1,020,834
1,185,733
1,235,530
1,231,238
1,419,861
1,609,605
1,297,159
1,393,730
1,622,043
1,902,938
1,160,937
1,484,801
1,429,546
2,400,336
1,652,951
1,859,420
1,859,4201,652,9512,400,3361,429,5461,484,8011,160,9371,902,9381,622,0431,393,7301,297,1591,609,6051,419,8611,231,2381,235,5301,185,7331,020,8341,058,382961,2731,117,1080
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
67,751
67,751
67,751
67,751
67,772
67,482
67,772
67,797
67,79767,77267,48267,77267,75167,75167,75167,751000000000000
       Net Receivables 
0
332,683
319,672
263,343
399,733
416,108
623,183
686,406
845,982
842,627
977,370
1,355,044
876,245
1,169,884
1,245,336
813,537
781,824
912,513
1,035,514
721,980
721,9801,035,514912,513781,824813,5371,245,3361,169,884876,2451,355,044977,370842,627845,982686,406623,183416,108399,733263,343319,672332,6830
       Other Current Assets 
0
302,502
395,879
705,837
76,696
651,419
143,833
673,279
303,919
321,825
866,009
1,020,460
928,807
1,118,441
585,013
883,619
660,277
746,567
1,268,067
157,816
157,8161,268,067746,567660,277883,619585,0131,118,441928,8071,020,460866,009321,825303,919673,279143,833651,41976,696705,837395,879302,5020
   > Long-term Assets 
0
3,928,567
4,019,658
4,142,418
4,755,614
4,807,206
4,983,829
5,350,037
5,966,243
8,777,214
9,158,383
9,352,403
10,150,996
10,389,246
10,841,680
11,024,751
11,213,035
11,321,261
11,615,133
11,867,256
11,867,25611,615,13311,321,26111,213,03511,024,75110,841,68010,389,24610,150,9969,352,4039,158,3838,777,2145,966,2435,350,0374,983,8294,807,2064,755,6144,142,4184,019,6583,928,5670
       Property Plant Equipment 
3,040,443
3,101,750
3,182,890
3,295,330
3,486,614
3,543,043
3,711,269
3,995,169
4,538,821
5,925,356
6,292,534
6,456,165
6,915,385
7,053,135
7,120,422
7,324,405
7,585,952
7,636,254
7,822,582
8,067,345
8,067,3457,822,5827,636,2547,585,9527,324,4057,120,4227,053,1356,915,3856,456,1656,292,5345,925,3564,538,8213,995,1693,711,2693,543,0433,486,6143,295,3303,182,8903,101,7503,040,443
       Goodwill 
0
5,570
5,570
5,635
5,570
5,570
5,570
5,570
5,570
5,570
5,570
5,570
118,420
118,420
118,420
118,420
56,283
56,283
56,283
56,283
56,28356,28356,28356,283118,420118,420118,420118,4205,5705,5705,5705,5705,5705,5705,5705,5705,6355,5705,5700
       Intangible Assets 
0
358,204
130,720
374,801
384,584
380,646
383,349
388,311
388,332
1,800,419
1,785,313
1,791,263
1,837,202
1,816,689
2,172,213
2,174,992
2,175,891
2,142,978
2,124,146
2,117,463
2,117,4632,124,1462,142,9782,175,8912,174,9922,172,2131,816,6891,837,2021,791,2631,785,3131,800,419388,332388,311383,349380,646384,584374,801130,720358,2040
       Long-term Assets Other 
0
60,991
61,820
63,430
60,320
60,529
65,396
4,072,806
4,687,607
162,833
178,316
193,488
127,045
217,812
243,209
199,998
97,977
188,251
157,464
141,748
141,748157,464188,25197,977199,998243,209217,812127,045193,488178,316162,8334,687,6074,072,80665,39660,52960,32063,43061,82060,9910
> Total Liabilities 
0
2,684,818
2,865,874
3,199,753
3,311,899
3,399,583
3,843,115
4,208,384
4,644,689
6,918,564
7,868,690
8,506,819
8,341,978
9,342,835
9,047,454
8,295,070
8,362,515
9,774,885
10,325,137
10,155,317
10,155,31710,325,1379,774,8858,362,5158,295,0709,047,4549,342,8358,341,9788,506,8197,868,6906,918,5644,644,6894,208,3843,843,1153,399,5833,311,8993,199,7532,865,8742,684,8180
   > Total Current Liabilities 
0
2,039,256
2,204,330
2,364,826
2,443,115
2,307,718
2,702,160
3,057,937
3,348,500
3,911,325
3,607,686
4,161,792
3,474,911
5,285,547
4,636,384
3,982,443
4,934,824
6,223,011
6,776,678
6,535,435
6,535,4356,776,6786,223,0114,934,8243,982,4434,636,3845,285,5473,474,9114,161,7923,607,6863,911,3253,348,5003,057,9372,702,1602,307,7182,443,1152,364,8262,204,3302,039,2560
       Short-term Debt 
0
637,158
628,958
530,658
432,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000432,000530,658628,958637,1580
       Short Long Term Debt 
0
637,158
628,958
530,658
432,000
435,460
643,015
650,543
549,006
790,280
311,817
375,883
263,796
1,283,494
948,170
317,863
845,897
1,738,624
1,723,631
1,184,104
1,184,1041,723,6311,738,624845,897317,863948,1701,283,494263,796375,883311,817790,280549,006650,543643,015435,460432,000530,658628,958637,1580
       Accounts payable 
0
518,698
438,544
437,414
571,242
620,099
734,859
851,400
1,247,113
1,199,965
1,487,709
1,606,037
1,518,113
1,725,680
1,681,892
1,947,958
1,702,891
1,874,607
2,282,745
1,776,244
1,776,2442,282,7451,874,6071,702,8911,947,9581,681,8921,725,6801,518,1131,606,0371,487,7091,199,9651,247,113851,400734,859620,099571,242437,414438,544518,6980
       Other Current Liabilities 
0
459,944
639,775
824,121
506,377
566,230
604,365
737,129
669,394
1,134,432
1,047,830
1,131,536
1,048,628
1,274,157
1,349,432
1,421,689
1,587,691
2,088,770
2,344,941
79,775
79,7752,344,9412,088,7701,587,6911,421,6891,349,4321,274,1571,048,6281,131,5361,047,8301,134,432669,394737,129604,365566,230506,377824,121639,775459,9440
   > Long-term Liabilities 
0
645,562
661,545
834,926
868,784
1,091,864
1,140,955
1,150,447
1,296,189
3,007,239
4,261,004
4,345,027
4,867,067
4,057,287
4,411,070
4,312,627
3,427,691
3,551,874
3,548,459
3,619,882
3,619,8823,548,4593,551,8743,427,6914,312,6274,411,0704,057,2874,867,0674,345,0274,261,0043,007,2391,296,1891,150,4471,140,9551,091,864868,784834,926661,545645,5620
       Capital Lease Obligations Min Short Term Debt
0
-637,158
-628,958
-530,658
-432,000
0
0
0
0
46,896
93,482
94,453
83,464
105,576
56,433
107,717
83,079
86,718
82,496
109,458
109,45882,49686,71883,079107,71756,433105,57683,46494,45393,48246,8960000-432,000-530,658-628,958-637,1580
       Long-term Liabilities Other 
0
207,872
200,872
366,549
392,464
607,589
645,820
0
0
54,000
0
54,000
588
58,764
0
58,385
4
58,176
0
60,976
60,976058,176458,385058,76458854,000054,00000645,820607,589392,464366,549200,872207,8720
       Deferred Long Term Liability 
31,460
31,799
29,980
28,064
28,015
29,497
28,388
28,306
31,988
30,438
36,123
38,435
43,042
73,588
75,930
81,416
0
82,903
87,761
0
087,76182,903081,41675,93073,58843,04238,43536,12330,43831,98828,30628,38829,49728,01528,06429,98031,79931,460
> Total Stockholder Equity
0
2,645,179
2,573,599
2,705,057
3,149,682
3,202,413
3,108,832
3,271,128
3,347,889
3,413,863
3,273,536
3,422,693
4,459,608
4,539,340
4,312,396
5,165,726
5,433,015
5,601,579
5,327,305
5,469,585
5,469,5855,327,3055,601,5795,433,0155,165,7264,312,3964,539,3404,459,6083,422,6933,273,5363,413,8633,347,8893,271,1283,108,8323,202,4133,149,6822,705,0572,573,5992,645,1790
   Common Stock
556,000
556,000
556,000
556,000
556,000
556,000
556,000
556,000
556,000
556,000
945,200
945,200
945,200
945,200
945,200
945,200
952,495
954,659
954,659
0
0954,659954,659952,495945,200945,200945,200945,200945,200945,200556,000556,000556,000556,000556,000556,000556,000556,000556,000556,000
   Retained Earnings Total Equity00000000000000000000
   Accumulated Other Comprehensive Income 00000000000000000000
   Capital Surplus 00000000000000000000
   Treasury Stock00000000000000000000
   Other Stockholders Equity 
14,934
15,449
15,628
16,366
405,866
406,641
409,937
412,569
411,425
410,026
409,586
408,706
1,266,352
1,264,868
1,263,680
1,976,133
1,958,950
1,966,965
1,963,319
0
01,963,3191,966,9651,958,9501,976,1331,263,6801,264,8681,266,352408,706409,586410,026411,425412,569409,937406,641405,86616,36615,62815,44914,934



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 (+$)
totalRevenue23,099,823
Cost of Revenue-21,314,940
Gross Profit1,784,8841,784,884
 
Operating Income (+$)
Gross Profit1,784,884
Operating Expense-21,983,318
Operating Income1,116,505-20,198,435
 
Operating Expense (+$)
Research Development301,664
Selling General Administrative177,120
Selling And Marketing Expenses-
Operating Expense21,983,318478,784
 
Net Interest Income (+$)
Interest Income10,514
Interest Expense-175,727
Other Finance Cost-13,573
Net Interest Income-151,641
 
Pretax Income (+$)
Operating Income1,116,505
Net Interest Income-151,641
Other Non-Operating Income Expenses-
Income Before Tax (EBT)1,157,3121,116,505
EBIT - interestExpense = -175,727
687,700
863,428
Interest Expense175,727
Earnings Before Interest and Taxes (EBIT)-1,333,039
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax1,157,312
Tax Provision-428,316
Net Income From Continuing Ops728,996728,996
Net Income687,700
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-151,641
 

Technical Analysis of Foran Energy Group 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 Foran Energy Group Co Ltd. The general trend of Foran Energy Group Co Ltd is BULLISH 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 Foran Energy Group 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 (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 Foran Energy Group Co Ltd.

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

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 13.65 < 13.75 < 13.79.

The bearish price targets are: 13.59 > 13.59 > 13.56.

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Foran Energy Group 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 Foran Energy Group Co Ltd. The current mas is .

The long score for the Moving Averages is 13/14.
The longshort score for the Moving Averages is 12/(-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 up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 < MA 200: The MA 100 is lower 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

Foran Energy Group 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 Foran Energy Group Co Ltd. The current macd is 0.33302151.

The long score for the Moving Average Convergence/Divergence (MACD) is 2/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 0/(-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 Foran Energy Group Co Ltd price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Foran Energy Group 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 Foran Energy Group 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 up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Foran Energy Group Co Ltd Daily Moving Average Convergence/Divergence (MACD) ChartForan Energy Group 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 Foran Energy Group Co Ltd. The current adx is 36.21.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-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 Foran Energy Group Co Ltd shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.
Foran Energy Group 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 Foran Energy Group Co Ltd. The current sar is 13.14.

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

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Foran Energy Group 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 Foran Energy Group Co Ltd. The current rsi is 70.38. The current phase is Overbought in bull market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is 0/(-13 +13).

  • Overbought in bull market: Short-term excessive buying, potential for pullback. Consider taking profits, be cautious of potential correction. -1
  • Trending up: The RSI is trending up. +1
Foran Energy Group Co Ltd Daily Relative Strength Index (RSI) ChartForan Energy Group 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 Foran Energy Group Co Ltd. The current phase is Overbought in bull market.

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

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +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 Foran Energy Group Co Ltd price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Foran Energy Group Co Ltd Daily Stochastic Oscillator ChartForan Energy Group 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 Foran Energy Group Co Ltd. The current cci is 96.95.

Foran Energy Group Co Ltd Daily Commodity Channel Index (CCI) ChartForan Energy Group 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 Foran Energy Group Co Ltd. The current cmo is 46.04.

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

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Foran Energy Group Co Ltd Daily Chande Momentum Oscillator (CMO) ChartForan Energy Group 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 Foran Energy Group Co Ltd. The current willr is -5.74712644.

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

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Foran Energy Group Co Ltd Daily Williams %R ChartForan Energy Group 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 Foran Energy Group Co Ltd.

Foran Energy Group 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 Foran Energy Group Co Ltd. The current atr is 0.32548634.

Foran Energy Group Co Ltd Daily Average True Range (ATR) ChartForan Energy Group 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 Foran Energy Group Co Ltd. The current obv is 694,867,126.

Foran Energy Group Co Ltd Daily On-Balance Volume (OBV) ChartForan Energy Group 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 Foran Energy Group Co Ltd. The current mfi is 82.87.

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

  • MFI > 50: +1
  • MFI > 80: +1
Foran Energy Group Co Ltd Daily Money Flow Index (MFI) ChartForan Energy Group Co Ltd Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Foran Energy Group 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 LONG EXITThe %K line crosses below the %D line.
2023-11-06DMI 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.
2023-11-08STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-10DMI 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.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-14STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-16CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-17DMI 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
2023-11-20DMI 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
2023-11-21STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-22CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-23SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-24STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-27DMI 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
2023-11-28CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-29MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
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.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-12-08SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2023-12-11SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-12MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-13CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-14BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-15DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-18DMI 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
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-19MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR 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
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-12-21STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-22WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-25STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-28STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-03CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-04MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-01-05STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-08ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-09MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-10WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-11STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-15MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-17STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-19CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-22MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI 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
CCI 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).
2024-01-23STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-25CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-26MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-01-29DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-01-30DMI 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.
2024-01-31CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-02MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-02-05CCI 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.
2024-02-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-07CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-08MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-19DMI 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
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-20STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-22STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-28STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-29STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-01CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-04STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-06STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-07STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-18MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-22SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-03-25MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-27SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-03-28STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-29WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside

6.3. Candlestick Patterns

Foran Energy Group Co Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Foran Energy Group Co Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5070.377
Ma 20Greater thanMa 5013.161
Ma 50Greater thanMa 10012.301
Ma 100Greater thanMa 20012.059
OpenGreater thanClose13.480
Total3/5 (60.0%)
Penke

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