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Elite Color Environmental Resources 
Buy, Hold or Sell?

Let's analyse Elite Color Environmental Resources  together

PenkeI guess you are interested in Elite Color Environmental Resources . 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 Elite Color Environmental Resources . 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 Elite Color Environmental Resources  (30 sec.)










What can you expect buying and holding a share of Elite Color Environmental Resources ? (30 sec.)

How much money do you get?

How much money do you get?
¥0.02
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
¥5.20
Expected worth in 1 year
¥5.72
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
¥0.68
Return On Investment
10.1%

For what price can you sell your share?

Current Price per Share
¥6.74
Expected price per share
¥4.56 - ¥8.6
How sure are you?
50%

1. Valuation of Elite Color Environmental Resources  (5 min.)




Live pricePrice per Share (EOD)

¥6.74

Intrinsic Value Per Share

¥-3.37 - ¥-3.96

Total Value Per Share

¥1.83 - ¥1.23

2. Growth of Elite Color Environmental Resources  (5 min.)




Is Elite Color Environmental Resources  growing?

Current yearPrevious yearGrowGrow %
How rich?$234.7m$207.8m$23.8m10.3%

How much money is Elite Color Environmental Resources  making?

Current yearPrevious yearGrowGrow %
Making money$4.6m$2.5m$2.1m45.1%
Net Profit Margin5.4%3.7%--

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

3. Financial Health of Elite Color Environmental Resources  (5 min.)




4. Comparing to competitors in the Specialty Chemicals industry (5 min.)




  Industry Rankings (Specialty Chemicals)  


Richest
#250 / 565

Most Revenue
#278 / 565

Most Profit
#243 / 565

Most Efficient
#227 / 565

What can you expect buying and holding a share of Elite Color Environmental Resources ? (5 min.)

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

What can you expect buying and holding a share of Elite Color Environmental Resources ?

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

Speculation

The Price per Share of Elite Color Environmental Resources  is ¥6.74. 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 Elite Color Environmental Resources .
  • 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 Elite Color Environmental Resources , 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 ¥5.20. Based on the TTM, the Book Value Change Per Share is ¥0.13 per quarter. Based on the YOY, the Book Value Change Per Share is ¥0.04 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 ¥0.04 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Elite Color Environmental Resources .

How much money are you going to get?

 MRQTTMYOY5Y10Y
 ¥% of Price per Share¥% of Price per Share¥% of Price per Share¥% of Price per Share¥% of Price per Share
Usd Eps0.020.3%0.020.2%0.010.1%0.010.2%0.010.2%
Usd Book Value Change Per Share0.000.0%0.020.3%0.000.1%0.040.6%0.040.6%
Usd Dividend Per Share0.020.3%0.010.1%0.000.1%0.000.0%0.000.0%
Usd Total Gains Per Share0.020.3%0.020.3%0.010.1%0.050.7%0.050.7%
Usd Price Per Share1.08-0.98-1.03-0.88-0.88-
Price to Earnings Ratio14.74-16.96-39.55-21.26-21.26-
Price-to-Total Gains Ratio58.96-52.70-125.43-90.39-90.39-
Price to Book Ratio1.50-1.38-1.63-1.37-1.37-
Price-to-Total Gains Ratio58.96-52.70-125.43-90.39-90.39-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.932816
Number of shares1072
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.010.00
Usd Book Value Change Per Share0.020.04
Usd Total Gains Per Share0.020.05
Gains per Quarter (1072 shares)25.2248.39
Gains per Year (1072 shares)100.87193.55
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
123789112181184
24715519224363378
37023329336544572
49331039449726766
511738849561907960
61404655967310881154
71635436978512701348
81876207989714511542
921069889910916331736
10233775100012118141930

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%17.00.00.0100.0%17.00.00.0100.0%17.00.00.0100.0%
Book Value Change Per Share3.01.00.075.0%10.02.00.083.3%14.02.01.082.4%14.02.01.082.4%14.02.01.082.4%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%17.00.00.0100.0%17.00.00.0100.0%17.00.00.0100.0%
Total Gains per Share4.00.00.0100.0%12.00.00.0100.0%17.00.00.0100.0%17.00.00.0100.0%17.00.00.0100.0%

Fundamentals of Elite Color Environmental Resources 

About Elite Color Environmental Resources 

Elite Color Environmental Resources Science & Technology Co., Ltd. engages in the research and development, production, and sale of polyester fiber and its products in China. The company offers virgin and regenerated low melting fibers; home textile, cotton textile, carpet, scouring pad, geotextile, flame-retardant, and automotive interior trim material polyester staple fiber; ES fibers; melt-blown non-woven fabrics; and hot melt and low melting yarns. The company was founded in 2003 and is based in Jiangyin, China.

Fundamental data was last updated by Penke on 2024-03-11 02:22:05.

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 inefficient.
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 able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

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

1.1. Profitability of Elite Color Environmental Resources .

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Elite Color Environmental Resources  earns for each ¥1 of revenue.

  • Above 10% is considered healthy but always compare Elite Color Environmental Resources  to the Specialty Chemicals industry mean.
  • A Net Profit Margin of 5.8% means that ¥0.06 for each ¥1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Elite Color Environmental Resources :

  • The MRQ is 5.8%. The company is making a profit. +1
  • The TTM is 5.4%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ5.8%TTM5.4%+0.4%
TTM5.4%YOY3.7%+1.7%
TTM5.4%5Y6.6%-1.2%
5Y6.6%10Y6.6%0.0%
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ5.8%4.2%+1.6%
TTM5.4%4.2%+1.2%
YOY3.7%6.5%-2.8%
5Y6.6%6.0%+0.6%
10Y6.6%6.0%+0.6%
1.1.2. Return on Assets

Shows how efficient Elite Color Environmental Resources  is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Elite Color Environmental Resources  to the Specialty Chemicals industry mean.
  • 1.8% Return on Assets means that Elite Color Environmental Resources  generated ¥0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Elite Color Environmental Resources :

  • The MRQ is 1.8%. Using its assets, the company is less efficient in making profit.
  • The TTM is 1.4%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ1.8%TTM1.4%+0.4%
TTM1.4%YOY1.0%+0.4%
TTM1.4%5Y1.7%-0.3%
5Y1.7%10Y1.7%0.0%
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ1.8%1.1%+0.7%
TTM1.4%1.1%+0.3%
YOY1.0%1.7%-0.7%
5Y1.7%1.6%+0.1%
10Y1.7%1.7%0.0%
1.1.3. Return on Equity

Shows how efficient Elite Color Environmental Resources  is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Elite Color Environmental Resources  to the Specialty Chemicals industry mean.
  • 2.5% Return on Equity means Elite Color Environmental Resources  generated ¥0.03 for each ¥1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Elite Color Environmental Resources :

  • The MRQ is 2.5%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 2.0%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ2.5%TTM2.0%+0.5%
TTM2.0%YOY1.2%+0.8%
TTM2.0%5Y2.3%-0.3%
5Y2.3%10Y2.3%0.0%
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ2.5%2.2%+0.3%
TTM2.0%2.0%+0.0%
YOY1.2%3.2%-2.0%
5Y2.3%2.8%-0.5%
10Y2.3%2.8%-0.5%

1.2. Operating Efficiency of Elite Color Environmental Resources .

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Elite Color Environmental Resources  is operating .

  • Measures how much profit Elite Color Environmental Resources  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 Elite Color Environmental Resources  to the Specialty Chemicals 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 Elite Color Environmental Resources :

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM0.9%-0.9%
TTM0.9%YOY4.0%-3.2%
TTM0.9%5Y6.2%-5.3%
5Y6.2%10Y6.2%0.0%
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ-7.5%-7.5%
TTM0.9%4.9%-4.0%
YOY4.0%8.3%-4.3%
5Y6.2%8.1%-1.9%
10Y6.2%7.3%-1.1%
1.2.2. Operating Ratio

Measures how efficient Elite Color Environmental Resources  is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Specialty Chemicals industry mean).
  • An Operation Ratio of 1.82 means that the operating costs are ¥1.82 for each ¥1 in net sales.

Let's take a look of the Operating Ratio trends of Elite Color Environmental Resources :

  • The MRQ is 1.820. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.854. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.820TTM1.854-0.033
TTM1.854YOY1.867-0.014
TTM1.8545Y1.794+0.059
5Y1.79410Y1.7940.000
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ1.8201.529+0.291
TTM1.8541.530+0.324
YOY1.8671.459+0.408
5Y1.7941.459+0.335
10Y1.7941.228+0.566

1.3. Liquidity of Elite Color Environmental Resources .

1.3. Liquidity
1.3.1. Current Ratio

Measures if Elite Color Environmental Resources  is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Specialty Chemicals industry mean).
  • A Current Ratio of 7.61 means the company has ¥7.61 in assets for each ¥1 in short-term debts.

Let's take a look of the Current Ratio trends of Elite Color Environmental Resources :

  • The MRQ is 7.614. The company is very able to pay all its short-term debts. +2
  • The TTM is 5.946. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ7.614TTM5.946+1.668
TTM5.946YOY1.919+4.026
TTM5.9465Y3.192+2.754
5Y3.19210Y3.1920.000
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ7.6141.831+5.783
TTM5.9461.875+4.071
YOY1.9191.896+0.023
5Y3.1921.926+1.266
10Y3.1921.762+1.430
1.3.2. Quick Ratio

Measures if Elite Color Environmental Resources  is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Elite Color Environmental Resources  to the Specialty Chemicals industry mean.
  • A Quick Ratio of 1.66 means the company can pay off ¥1.66 for each ¥1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Elite Color Environmental Resources :

  • The MRQ is 1.659. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 1.141. The company is just able to pay all its short-term debts with the most liquid assets.
Trends
Current periodCompared to+/- 
MRQ1.659TTM1.141+0.518
TTM1.141YOY0.405+0.735
TTM1.1415Y0.826+0.315
5Y0.82610Y0.8260.000
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6590.846+0.813
TTM1.1410.884+0.257
YOY0.4050.966-0.561
5Y0.8261.049-0.223
10Y0.8261.030-0.204

1.4. Solvency of Elite Color Environmental Resources .

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Elite Color Environmental Resources  assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Elite Color Environmental Resources  to Specialty Chemicals industry mean.
  • A Debt to Asset Ratio of 0.29 means that Elite Color Environmental Resources  assets are financed with 29.0% credit (debt) and the remaining percentage (100% - 29.0%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Elite Color Environmental Resources :

  • The MRQ is 0.290. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.314. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.290TTM0.314-0.024
TTM0.314YOY0.217+0.097
TTM0.3145Y0.253+0.061
5Y0.25310Y0.2530.000
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2900.431-0.141
TTM0.3140.427-0.113
YOY0.2170.426-0.209
5Y0.2530.433-0.180
10Y0.2530.439-0.186
1.4.2. Debt to Equity Ratio

Measures if Elite Color Environmental Resources  is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Elite Color Environmental Resources  to the Specialty Chemicals industry mean.
  • A Debt to Equity ratio of 40.8% means that company has ¥0.41 debt for each ¥1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Elite Color Environmental Resources :

  • The MRQ is 0.408. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.461. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.408TTM0.461-0.053
TTM0.461YOY0.278+0.182
TTM0.4615Y0.363+0.097
5Y0.36310Y0.3630.000
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4080.767-0.359
TTM0.4610.752-0.291
YOY0.2780.747-0.469
5Y0.3630.797-0.434
10Y0.3630.845-0.482

2. Market Valuation of Elite Color Environmental Resources 

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 Elite Color Environmental Resources  generates.

  • Above 15 is considered overpriced but always compare Elite Color Environmental Resources  to the Specialty Chemicals industry mean.
  • A PE ratio of 14.74 means the investor is paying ¥14.74 for every ¥1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Elite Color Environmental Resources :

  • The EOD is 12.773. Based on the earnings, the company is underpriced. +1
  • The MRQ is 14.743. Based on the earnings, the company is underpriced. +1
  • The TTM is 16.958. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD12.773MRQ14.743-1.971
MRQ14.743TTM16.958-2.215
TTM16.958YOY39.548-22.590
TTM16.9585Y21.256-4.298
5Y21.25610Y21.2560.000
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
EOD12.77315.198-2.425
MRQ14.74313.988+0.755
TTM16.95815.705+1.253
YOY39.54817.841+21.707
5Y21.25619.498+1.758
10Y21.25623.951-2.695
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Elite Color Environmental Resources :

  • The EOD is 23.151. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 26.723. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 0.363. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD23.151MRQ26.723-3.572
MRQ26.723TTM0.363+26.359
TTM0.363YOY14.105-13.742
TTM0.3635Y3.981-3.617
5Y3.98110Y3.9810.000
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
EOD23.1514.953+18.198
MRQ26.7234.382+22.341
TTM0.3632.275-1.912
YOY14.105-0.150+14.255
5Y3.9813.098+0.883
10Y3.9812.609+1.372
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Elite Color Environmental Resources  is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Specialty Chemicals industry mean).
  • A PB ratio of 1.50 means the investor is paying ¥1.50 for each ¥1 in book value.

Let's take a look of the Price to Book Ratio trends of Elite Color Environmental Resources :

  • The EOD is 1.297. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.497. Based on the equity, the company is underpriced. +1
  • The TTM is 1.380. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.297MRQ1.497-0.200
MRQ1.497TTM1.380+0.118
TTM1.380YOY1.626-0.246
TTM1.3805Y1.373+0.006
5Y1.37310Y1.3730.000
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
EOD1.2971.735-0.438
MRQ1.4971.781-0.284
TTM1.3801.854-0.474
YOY1.6262.306-0.680
5Y1.3732.348-0.975
10Y1.3732.842-1.469
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Elite Color Environmental Resources  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---0.0180.131-114%0.035-151%0.306-106%0.306-106%
Book Value Per Share--5.1965.129+1%4.602+13%4.180+24%4.180+24%
Current Ratio--7.6145.946+28%1.919+297%3.192+139%3.192+139%
Debt To Asset Ratio--0.2900.314-8%0.217+34%0.253+15%0.253+15%
Debt To Equity Ratio--0.4080.461-11%0.278+47%0.363+12%0.363+12%
Dividend Per Share--0.1500.039+281%0.031+380%0.020+633%0.020+633%
Eps--0.1320.108+22%0.057+133%0.087+52%0.087+52%
Free Cash Flow Per Share--0.0730.065+12%-0.009+112%-0.013+118%-0.013+118%
Free Cash Flow To Equity Per Share--0.0730.065+12%0.062+17%0.043+68%0.043+68%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---3.964--------
Intrinsic Value_10Y_min---3.366--------
Intrinsic Value_1Y_max---0.237--------
Intrinsic Value_1Y_min---0.233--------
Intrinsic Value_3Y_max---0.834--------
Intrinsic Value_3Y_min---0.794--------
Intrinsic Value_5Y_max---1.578--------
Intrinsic Value_5Y_min---1.454--------
Market Cap2199956273.920-15%2539415402.2402310933296.640+10%2438230469.760+4%2066899047.718+23%2066899047.718+23%
Net Profit Margin--0.0580.054+7%0.037+57%0.066-12%0.066-12%
Operating Margin---0.009-100%0.040-100%0.062-100%0.062-100%
Operating Ratio--1.8201.854-2%1.867-3%1.794+1%1.794+1%
Pb Ratio1.297-15%1.4971.380+9%1.626-8%1.373+9%1.373+9%
Pe Ratio12.773-15%14.74316.958-13%39.548-63%21.256-31%21.256-31%
Price Per Share6.740-15%7.7807.080+10%7.470+4%6.332+23%6.332+23%
Price To Free Cash Flow Ratio23.151-15%26.7230.363+7252%14.105+89%3.981+571%3.981+571%
Price To Total Gains Ratio51.080-15%58.96152.697+12%125.427-53%90.392-35%90.392-35%
Quick Ratio--1.6591.141+45%0.405+309%0.826+101%0.826+101%
Return On Assets--0.0180.014+30%0.010+85%0.017+7%0.017+7%
Return On Equity--0.0250.020+26%0.012+106%0.023+11%0.023+11%
Total Gains Per Share--0.1320.170-22%0.066+99%0.326-60%0.326-60%
Usd Book Value--234741574.786231702652.466+1%207889765.052+13%188808852.288+24%188808852.288+24%
Usd Book Value Change Per Share---0.0020.018-114%0.005-151%0.042-106%0.042-106%
Usd Book Value Per Share--0.7190.710+1%0.637+13%0.578+24%0.578+24%
Usd Dividend Per Share--0.0210.005+281%0.004+380%0.003+633%0.003+633%
Usd Eps--0.0180.015+22%0.008+133%0.012+52%0.012+52%
Usd Free Cash Flow--3287969.0682945984.053+12%-392125.857+112%-596734.650+118%-596734.650+118%
Usd Free Cash Flow Per Share--0.0100.009+12%-0.001+112%-0.002+118%-0.002+118%
Usd Free Cash Flow To Equity Per Share--0.0100.009+12%0.009+17%0.006+68%0.006+68%
Usd Market Cap304473948.311-15%351455091.670319833168.255+10%337451097.015+4%286058828.204+23%286058828.204+23%
Usd Price Per Share0.933-15%1.0770.980+10%1.034+4%0.876+23%0.876+23%
Usd Profit--5959512.3344664553.638+28%2558512.808+133%4038812.400+48%4038812.400+48%
Usd Revenue--103561125.53987125884.013+19%74499046.243+39%65369082.755+58%65369082.755+58%
Usd Total Gains Per Share--0.0180.024-22%0.009+99%0.045-60%0.045-60%
 EOD+4 -4MRQTTM+27 -8YOY+27 -85Y+22 -1310Y+22 -13

3.2. Fundamental Score

Let's check the fundamental score of Elite Color Environmental Resources  based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1512.773
Price to Book Ratio (EOD)Between0-11.297
Net Profit Margin (MRQ)Greater than00.058
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than11.659
Current Ratio (MRQ)Greater than17.614
Debt to Asset Ratio (MRQ)Less than10.290
Debt to Equity Ratio (MRQ)Less than10.408
Return on Equity (MRQ)Greater than0.150.025
Return on Assets (MRQ)Greater than0.050.018
Total6/10 (60.0%)

3.3. Technical Score

Let's check the technical score of Elite Color Environmental Resources  based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5056.564
Ma 20Greater thanMa 506.483
Ma 50Greater thanMa 1006.484
Ma 100Greater thanMa 2007.345
OpenGreater thanClose6.760
Total2/5 (40.0%)



Latest Balance Sheet

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

Summary
Total Assets2,387,911
Total Liabilities691,801
Total Stockholder Equity1,696,110
 As reported
Total Liabilities 691,801
Total Stockholder Equity+ 1,696,110
Total Assets = 2,387,911

Assets

Total Assets2,387,911
Total Current Assets1,175,332
Long-term Assets1,212,579
Total Current Assets
Cash And Cash Equivalents 523,410
Short-term Investments 50,000
Net Receivables 206,059
Inventory 256,889
Other Current Assets 16,556
Total Current Assets  (as reported)1,175,332
Total Current Assets  (calculated)1,052,914
+/- 122,417
Long-term Assets
Property Plant Equipment 988,391
Intangible Assets 109,840
Long-term Assets Other 105,390
Long-term Assets  (as reported)1,212,579
Long-term Assets  (calculated)1,203,621
+/- 8,958

Liabilities & Shareholders' Equity

Total Current Liabilities154,367
Long-term Liabilities537,434
Total Stockholder Equity1,696,110
Total Current Liabilities
Accounts payable 66,567
Other Current Liabilities 4,796
Total Current Liabilities  (as reported)154,367
Total Current Liabilities  (calculated)71,363
+/- 83,005
Long-term Liabilities
Long term Debt 514,608
Long-term Liabilities  (as reported)537,434
Long-term Liabilities  (calculated)514,608
+/- 22,826
Total Stockholder Equity
Retained Earnings 656,294
Total Stockholder Equity (as reported)1,696,110
Total Stockholder Equity (calculated)656,294
+/- 1,039,816
Other
Capital Stock326,400
Common Stock Shares Outstanding 326,400
Net Invested Capital 2,210,717
Net Working Capital 1,020,964
Property Plant and Equipment Gross 988,391



Balance Sheet

Currency in CNY. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-30
> Total Assets 
1,345,424
1,397,100
0
1,239,896
1,669,986
1,644,472
1,578,239
1,640,681
1,717,142
1,848,866
1,844,721
1,934,233
2,053,643
2,586,502
2,360,431
2,439,261
2,387,911
2,387,9112,439,2612,360,4312,586,5022,053,6431,934,2331,844,7211,848,8661,717,1421,640,6811,578,2391,644,4721,669,9861,239,89601,397,1001,345,424
   > Total Current Assets 
531,005
596,237
440,206
440,206
873,752
782,880
636,122
601,531
622,570
723,844
696,590
785,180
903,052
1,448,888
1,179,985
1,226,247
1,175,332
1,175,3321,226,2471,179,9851,448,888903,052785,180696,590723,844622,570601,531636,122782,880873,752440,206440,206596,237531,005
       Cash And Cash Equivalents 
27,212
260,123
0
46,715
485,188
300,340
135,963
136,610
107,476
311,569
74,460
154,911
235,740
899,325
576,646
548,441
523,410
523,410548,441576,646899,325235,740154,91174,460311,569107,476136,610135,963300,340485,18846,7150260,12327,212
       Short-term Investments 
0
0
0
0
0
188,900
80,000
0
0
0
0
0
0
0
50,000
50,000
50,000
50,00050,00050,000000000080,000188,90000000
       Net Receivables 
220,314
82,918
192,907
192,907
227,876
130,118
153,825
191,385
197,769
91,232
159,841
185,816
233,487
167,369
152,834
225,238
206,059
206,059225,238152,834167,369233,487185,816159,84191,232197,769191,385153,825130,118227,876192,907192,90782,918220,314
       Inventory 
176,935
161,780
164,867
164,867
143,068
129,976
226,893
226,763
233,209
263,179
376,473
366,576
334,487
324,683
282,781
326,285
256,889
256,889326,285282,781324,683334,487366,576376,473263,179233,209226,763226,893129,976143,068164,867164,867161,780176,935
       Other Current Assets 
31,902
26,144
35,716
35,716
17,620
33,546
39,441
46,773
84,116
57,864
85,817
77,877
99,338
57,511
39,587
76,281
16,556
16,55676,28139,58757,51199,33877,87785,81757,86484,11646,77339,44133,54617,62035,71635,71626,14431,902
   > Long-term Assets 
814,419
800,864
0
799,691
796,234
861,592
942,117
1,039,151
1,094,572
1,125,023
1,148,131
1,149,053
1,150,591
1,137,614
1,180,446
1,213,015
1,212,579
1,212,5791,213,0151,180,4461,137,6141,150,5911,149,0531,148,1311,125,0231,094,5721,039,151942,117861,592796,234799,6910800,864814,419
       Property Plant Equipment 
0
0
663,155
663,155
660,790
648,564
678,742
898,130
921,140
984,846
999,312
1,002,572
1,005,110
997,242
996,646
981,264
988,391
988,391981,264996,646997,2421,005,1101,002,572999,312984,846921,140898,130678,742648,564660,790663,155663,15500
       Intangible Assets 
108,292
107,650
0
106,366
105,701
105,243
116,596
115,813
115,030
114,745
114,037
113,329
112,621
111,915
111,191
110,467
109,840
109,840110,467111,191111,915112,621113,329114,037114,745115,030115,813116,596105,243105,701106,3660107,650108,292
       Long-term Assets Other 
2,718
1,631
0
21,900
682,690
99,225
138,004
16,877
49,317
17,813
27,320
25,819
22,853
19,276
64,719
112,682
105,390
105,390112,68264,71919,27622,85325,81927,32017,81349,31716,877138,00499,225682,69021,90001,6312,718
> Total Liabilities 
549,289
560,725
0
354,840
316,610
241,385
140,349
181,756
237,505
376,675
343,621
424,705
528,089
952,579
695,856
737,261
691,801
691,801737,261695,856952,579528,089424,705343,621376,675237,505181,756140,349241,385316,610354,8400560,725549,289
   > Total Current Liabilities 
399,311
480,636
344,500
344,500
306,372
229,624
126,003
167,723
223,785
366,720
336,132
417,469
516,077
435,056
171,216
206,225
154,367
154,367206,225171,216435,056516,077417,469336,132366,720223,785167,723126,003229,624306,372344,500344,500480,636399,311
       Short Long Term Debt 
136,136
136,210
0
40,053
0
0
0
50,058
100,123
150,188
150,188
200,235
252,666
192,102
0
0
0
000192,102252,666200,235150,188150,188100,12350,05800040,0530136,210136,136
       Accounts payable 
159,556
205,633
84,189
84,189
121,946
112,036
83,060
75,536
69,201
147,344
145,642
166,633
209,158
182,563
118,355
141,308
66,567
66,567141,308118,355182,563209,158166,633145,642147,34469,20175,53683,060112,036121,94684,18984,189205,633159,556
       Other Current Liabilities 
60,317
100,269
63,955
63,955
33,484
24,053
30,962
20,863
40,219
39,121
27,226
20,192
37,219
20,411
1,767
33,949
4,796
4,79633,9491,76720,41137,21920,19227,22639,12140,21920,86330,96224,05333,48463,95563,955100,26960,317
   > Long-term Liabilities 
149,978
80,090
0
10,340
10,238
11,761
14,346
14,033
13,720
9,955
7,489
7,236
12,012
517,523
524,640
531,035
537,434
537,434531,035524,640517,52312,0127,2367,4899,95513,72014,03314,34611,76110,23810,340080,090149,978
       Long-term Liabilities Other 
140,000
70,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000070,000140,000
       Deferred Long Term Liability 
0
0
187
187
154
80
52
18
34
0
101
92
83
74
0
0
0
00074839210103418528015418718700
> Total Stockholder Equity
796,136
836,375
0
885,056
1,353,376
1,403,087
1,437,890
1,458,925
1,479,637
1,472,191
1,501,101
1,509,529
1,525,554
1,633,923
1,664,575
1,702,000
1,696,110
1,696,1101,702,0001,664,5751,633,9231,525,5541,509,5291,501,1011,472,1911,479,6371,458,9251,437,8901,403,0871,353,376885,0560836,375796,136
   Common Stock
0
0
244,799
244,799
326,398
326,398
326,398
326,398
326,398
326,398
326,398
326,398
326,398
0
0
326,399
0
0326,39900326,398326,398326,398326,398326,398326,398326,398326,398326,398244,799244,79900
   Retained Earnings 
308,387
342,085
412,377
412,377
449,531
499,242
538,299
559,334
580,045
567,420
597,256
605,684
621,351
594,120
624,771
662,194
656,294
656,294662,194624,771594,120621,351605,684597,256567,420580,045559,334538,299499,242449,531412,377412,377342,085308,387
   Capital Surplus 00000000000000000
   Treasury Stock00000000000000000
   Other Stockholders Equity 
0
0
371
371
0
0
0
0
0
926
0
0
359
85,048
0
0
0
00085,048359009260000037137100



Balance Sheet

Currency in CNY. All numbers in thousands.




Cash Flow

Currency in CNY. All numbers in thousands.




Income Statement

Currency in CNY. All numbers in thousands.


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

Gross Profit (+$)
totalRevenue2,518,089
Cost of Revenue-2,297,611
Gross Profit220,478220,478
 
Operating Income (+$)
Gross Profit220,478
Operating Expense-2,363,431
Operating Income154,658-2,142,954
 
Operating Expense (+$)
Research Development68,758
Selling General Administrative26,458
Selling And Marketing Expenses-
Operating Expense2,363,43195,215
 
Net Interest Income (+$)
Interest Income1,473
Interest Expense-9,225
Other Finance Cost-346
Net Interest Income-7,405
 
Pretax Income (+$)
Operating Income154,658
Net Interest Income-7,405
Other Non-Operating Income Expenses-
Income Before Tax (EBT)141,947154,658
EBIT - interestExpense = -9,225
134,814
144,038
Interest Expense9,225
Earnings Before Interest and Taxes (EBIT)-151,171
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax141,947
Tax Provision-7,133
Net Income From Continuing Ops134,814134,814
Net Income134,814
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-7,405
 

Technical Analysis of Elite Color Environmental Resources 
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 Elite Color Environmental Resources . The general trend of Elite Color Environmental Resources  is BEARISH with 42.9% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Elite Color Environmental Resources 's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

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

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

1. Price Targets

1.1 Support & Resistance

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

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


Score

Let's take a look at the Support & Resistance of Elite Color Environmental Resources .

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

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

The bullish price targets are: 7.6 < 8.27 < 8.6.

The bearish price targets are: 6.55 > 4.56.

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Elite Color Environmental Resources  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 Elite Color Environmental Resources . The current mas is .

The long score for the Moving Averages is 4/14.
The longshort score for the Moving Averages is -6/(-14 +14).

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

Elite Color Environmental Resources  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 Elite Color Environmental Resources . The current macd is 0.12559199.

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

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Elite Color Environmental Resources  price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Elite Color Environmental Resources . 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 Elite Color Environmental Resources  price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Elite Color Environmental Resources  Daily Moving Average Convergence/Divergence (MACD) ChartElite Color Environmental Resources  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 Elite Color Environmental Resources . The current adx is 19.76.

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

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Elite Color Environmental Resources  shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Elite Color Environmental Resources  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 Elite Color Environmental Resources . The current sar is 7.033368.

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
Elite Color Environmental Resources  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 Elite Color Environmental Resources . The current rsi is 56.56. The current phase is Correction in bear market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Correction in bear market: Extended price decline in a downtrend, significant pullback. Consider reducing exposure, wait for signs of trend reversal.
  • Trending up: The RSI is trending up. +1
Elite Color Environmental Resources  Daily Relative Strength Index (RSI) ChartElite Color Environmental Resources  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 Elite Color Environmental Resources . The current phase is Correction in bear market.

The long score for the Stochastic Oscillator is 2/6.
The longshort score for the Stochastic Oscillator is 0/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Elite Color Environmental Resources  price going down in the near term. -2
  • Trending up: The STOCH %K is trending up. +1
Elite Color Environmental Resources  Daily Stochastic Oscillator ChartElite Color Environmental Resources  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 Elite Color Environmental Resources . The current cci is 67.85.

Elite Color Environmental Resources  Daily Commodity Channel Index (CCI) ChartElite Color Environmental Resources  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 Elite Color Environmental Resources . The current cmo is 18.10.

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
Elite Color Environmental Resources  Daily Chande Momentum Oscillator (CMO) ChartElite Color Environmental Resources  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 Elite Color Environmental Resources . The current willr is -36.9047619.

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

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Elite Color Environmental Resources  is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Elite Color Environmental Resources  Daily Williams %R ChartElite Color Environmental Resources  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 Elite Color Environmental Resources .

Elite Color Environmental Resources  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 Elite Color Environmental Resources . The current atr is 0.23662029.

Elite Color Environmental Resources  Daily Average True Range (ATR) ChartElite Color Environmental Resources  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 Elite Color Environmental Resources . The current obv is 175,845,687.

Elite Color Environmental Resources  Daily On-Balance Volume (OBV) ChartElite Color Environmental Resources  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 Elite Color Environmental Resources . The current mfi is 74.57.

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

  • MFI > 50: +1
Elite Color Environmental Resources  Daily Money Flow Index (MFI) ChartElite Color Environmental Resources  Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Elite Color Environmental Resources .

6.2. Trading Signals

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

DateIndicatorSignal
2023-11-02STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-03SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-11-06STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-07SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-08STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-09WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-10STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-13STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-16STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-17STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-20MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-11-23STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-24STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-27SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-28CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-29CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-01CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-12-04STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-05STOCH LONG EXITThe %K line crosses below the %D line.
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
2023-12-08DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
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.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-14STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-12-15STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-18MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-19STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-20SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2023-12-21SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-12-22STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-25CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-27STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-29SAR 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).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-02MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-03DMI 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
2024-01-04BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-01-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-08DMI 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
2024-01-11SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-01-12DMI 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.
2024-01-16DMI 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.
2024-01-17MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-18CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-01-19WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-22BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-24STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-25RSI LONG ENTRY SHORT CLOSE30 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-30CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-31BB 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.
2024-02-07STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-08STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-19SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-02-22MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-02-23CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-27WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-28STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-01STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-06STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-07STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-08STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-11WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-12DMI 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
2024-03-14DMI 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.
2024-03-15DMI 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.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-20BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-21STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-26SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-03-27MFI SHORT ENTRY LONG CLOSE80 crossover to downside

6.3. Candlestick Patterns

Elite Color Environmental Resources  Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Elite Color Environmental Resources  based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5056.564
Ma 20Greater thanMa 506.483
Ma 50Greater thanMa 1006.484
Ma 100Greater thanMa 2007.345
OpenGreater thanClose6.760
Total2/5 (40.0%)
Penke

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