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Solargiga Energy Holdings Ltd
Buy, Hold or Sell?

Let's analyse Solargiga together

PenkeI guess you are interested in Solargiga Energy Holdings 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 Solargiga Energy Holdings 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 Solargiga (30 sec.)










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

How much money do you get?

How much money do you get?
HK$0.00
When do you have the money?
1 year
How often do you get paid?
0.0%

What is your share worth?

Current worth
HK$0.36
Expected worth in 1 year
HK$1.30
How sure are you?
40.0%

+ What do you gain per year?

Total Gains per Share
HK$0.94
Return On Investment
555.4%

For what price can you sell your share?

Current Price per Share
HK$0.17
Expected price per share
HK$0.145 - HK$0.192
How sure are you?
50%

1. Valuation of Solargiga (5 min.)




Live pricePrice per Share (EOD)

HK$0.17

Intrinsic Value Per Share

HK$3.23 - HK$9.70

Total Value Per Share

HK$3.59 - HK$10.06

2. Growth of Solargiga (5 min.)




Is Solargiga growing?

Current yearPrevious yearGrowGrow %
How rich?$152.3m$52m$100.2m65.8%

How much money is Solargiga making?

Current yearPrevious yearGrowGrow %
Making money$132.3m$26.7m$105.6m79.8%
Net Profit Margin13.9%2.7%--

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

3. Financial Health of Solargiga (5 min.)




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




  Industry Rankings (Solar)  

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

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

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

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

Speculation

The Price per Share of Solargiga is HK$0.17. 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 Solargiga.
  • 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 Solargiga, 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 HK$0.36. Based on the TTM, the Book Value Change Per Share is HK$0.24 per quarter. Based on the YOY, the Book Value Change Per Share is HK$0.01 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 HK$0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Solargiga.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 HK$% of Price per ShareHK$% of Price per ShareHK$% of Price per ShareHK$% of Price per ShareHK$% of Price per Share
Usd Eps0.0423.4%0.0423.4%0.014.7%0.001.7%0.000.1%
Usd Book Value Change Per Share0.0317.7%0.0317.7%0.000.9%0.000.3%0.000.1%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.0317.7%0.0317.7%0.000.9%0.000.3%0.000.1%
Usd Price Per Share0.04-0.04-0.05-0.03-0.03-
Price to Earnings Ratio0.88-0.88-6.60-0.22-2.17-
Price-to-Total Gains Ratio1.17-1.17-35.00-5.22--2.15-
Price to Book Ratio0.77-0.77-3.39-1.56-1.14-
Price-to-Total Gains Ratio1.17-1.17-35.00-5.22--2.15-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.021726
Number of shares46027
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.030.00
Usd Total Gains Per Share0.030.00
Gains per Quarter (46027 shares)1,388.4025.27
Gains per Year (46027 shares)5,553.61101.08
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1055545544010191
2011107110980202192
3016661166520303293
4022214222060404394
5027768277600505495
6033322333140607596
7038875388680708697
8044429444220809798
9049982499760910899
1005553655530010111000

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 Share1.00.00.0100.0%2.01.00.066.7%2.03.00.040.0%4.06.00.040.0%9.08.00.052.9%
Book Value Change Per Share1.00.00.0100.0%2.01.00.066.7%2.03.00.040.0%4.06.00.040.0%10.07.00.058.8%
Dividend per Share0.00.01.00.0%0.00.03.00.0%0.00.05.00.0%0.00.010.00.0%5.00.012.029.4%
Total Gains per Share1.00.00.0100.0%2.01.00.066.7%2.03.00.040.0%4.06.00.040.0%10.07.00.058.8%

Fundamentals of Solargiga

About Solargiga Energy Holdings Ltd

Solargiga Energy Holdings Limited, an investment holding company, engages in the manufacture, processing, and trading of polysilicon and monocrystalline silicon solar ingots and wafers in Mainland China. It also manufactures and trades in monocrystalline silicon solar cells and photovoltaic modules; installs photovoltaic systems; and constructs and operates photovoltaic power plants. In addition, the company manufactures and trades in electronic semiconductor materials; and develops, designs, constructs, operates, and maintains photovoltaic generation plants. It serves silicon solar wafer, cell or modules manufacturers or traders. The company exports its products to Japan, West Asia, South Asia, Europe, and internationally. Solargiga Energy Holdings Limited was founded in 2000 and is headquartered in Wan Chai, Hong Kong.

Fundamental data was last updated by Penke on 2024-03-24 22:02:03.

Financial Health

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

Valuation

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

1.1. Profitability of Solargiga Energy Holdings Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Solargiga earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Solargiga to the Solar industry mean.
  • A Net Profit Margin of 13.9% means that $0.14 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Solargiga Energy Holdings Ltd:

  • The MRQ is 13.9%. The company is making a huge profit. +2
  • The TTM is 13.9%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ13.9%TTM13.9%0.0%
TTM13.9%YOY2.7%+11.2%
TTM13.9%5Y-0.1%+14.0%
5Y-0.1%10Y-1.4%+1.3%
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ13.9%0.7%+13.2%
TTM13.9%-4.3%+18.2%
YOY2.7%-0.3%+3.0%
5Y-0.1%-7.8%+7.7%
10Y-1.4%-8.3%+6.9%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Solargiga to the Solar industry mean.
  • 12.4% Return on Assets means that Solargiga generated $0.12 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Solargiga Energy Holdings Ltd:

  • The MRQ is 12.4%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 12.4%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ12.4%TTM12.4%0.0%
TTM12.4%YOY3.1%+9.3%
TTM12.4%5Y-0.3%+12.6%
5Y-0.3%10Y-0.9%+0.6%
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ12.4%-0.1%+12.5%
TTM12.4%-0.2%+12.6%
YOY3.1%-0.2%+3.3%
5Y-0.3%-0.6%+0.3%
10Y-0.9%-0.6%-0.3%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Solargiga to the Solar industry mean.
  • 86.9% Return on Equity means Solargiga generated $0.87 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Solargiga Energy Holdings Ltd:

  • The MRQ is 86.9%. Using its investors money, the company is very efficient in making profit. +2
  • The TTM is 86.9%. Using its investors money, the company is very efficient in making profit. +2
Trends
Current periodCompared to+/- 
MRQ86.9%TTM86.9%0.0%
TTM86.9%YOY51.3%+35.6%
TTM86.9%5Y-25.6%+112.5%
5Y-25.6%10Y-16.3%-9.4%
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ86.9%0.6%+86.3%
TTM86.9%0.4%+86.5%
YOY51.3%0.5%+50.8%
5Y-25.6%-0.5%-25.1%
10Y-16.3%-0.6%-15.7%

1.2. Operating Efficiency of Solargiga Energy Holdings Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Solargiga is operating .

  • Measures how much profit Solargiga 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 Solargiga to the Solar industry mean.
  • An Operating Margin of -1.7% means the company generated $-0.02  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Solargiga Energy Holdings Ltd:

  • The MRQ is -1.7%. The company is operating very inefficient. -2
  • The TTM is -1.7%. The company is operating very inefficient. -2
Trends
Current periodCompared to+/- 
MRQ-1.7%TTM-1.7%0.0%
TTM-1.7%YOY7.2%-8.9%
TTM-1.7%5Y1.4%-3.1%
5Y1.4%10Y1.4%+0.0%
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.7%-4.3%+2.6%
TTM-1.7%-0.7%-1.0%
YOY7.2%0.2%+7.0%
5Y1.4%0.1%+1.3%
10Y1.4%-1.4%+2.8%
1.2.2. Operating Ratio

Measures how efficient Solargiga is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Solar industry mean).
  • An Operation Ratio of 1.97 means that the operating costs are $1.97 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Solargiga Energy Holdings Ltd:

  • The MRQ is 1.966. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.966. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.966TTM1.9660.000
TTM1.966YOY1.802+0.163
TTM1.9665Y1.897+0.069
5Y1.89710Y1.883+0.013
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ1.9661.629+0.337
TTM1.9661.630+0.336
YOY1.8021.680+0.122
5Y1.8971.618+0.279
10Y1.8831.423+0.460

1.3. Liquidity of Solargiga Energy Holdings Ltd.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Solar industry mean).
  • A Current Ratio of 1.10 means the company has $1.10 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Solargiga Energy Holdings Ltd:

  • The MRQ is 1.101. The company is just able to pay all its short-term debts.
  • The TTM is 1.101. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.101TTM1.1010.000
TTM1.101YOY0.843+0.258
TTM1.1015Y0.867+0.234
5Y0.86710Y0.833+0.034
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ1.1011.265-0.164
TTM1.1011.390-0.289
YOY0.8431.456-0.613
5Y0.8671.536-0.669
10Y0.8331.355-0.522
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Solargiga to the Solar industry mean.
  • A Quick Ratio of 0.34 means the company can pay off $0.34 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Solargiga Energy Holdings Ltd:

  • The MRQ is 0.341. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.341. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.341TTM0.3410.000
TTM0.341YOY0.335+0.006
TTM0.3415Y0.432-0.091
5Y0.43210Y0.425+0.007
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3410.517-0.176
TTM0.3410.575-0.234
YOY0.3350.648-0.313
5Y0.4320.651-0.219
10Y0.4250.728-0.303

1.4. Solvency of Solargiga Energy Holdings Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Solargiga to Solar industry mean.
  • A Debt to Asset Ratio of 0.86 means that Solargiga assets are financed with 85.8% credit (debt) and the remaining percentage (100% - 85.8%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Solargiga Energy Holdings Ltd:

  • The MRQ is 0.858. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.858. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.858TTM0.8580.000
TTM0.858YOY0.940-0.083
TTM0.8585Y0.891-0.034
5Y0.89110Y0.821+0.070
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8580.588+0.270
TTM0.8580.587+0.271
YOY0.9400.611+0.329
5Y0.8910.617+0.274
10Y0.8210.614+0.207
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Solargiga to the Solar industry mean.
  • A Debt to Equity ratio of 602.5% means that company has $6.02 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Solargiga Energy Holdings Ltd:

  • The MRQ is 6.025. The company is unable to pay all its debts with equity. -1
  • The TTM is 6.025. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ6.025TTM6.0250.000
TTM6.025YOY15.713-9.689
TTM6.0255Y14.717-8.693
5Y14.71710Y9.029+5.688
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ6.0251.389+4.636
TTM6.0251.367+4.658
YOY15.7131.657+14.056
5Y14.7171.730+12.987
10Y9.0291.617+7.412

2. Market Valuation of Solargiga Energy Holdings 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 Solargiga generates.

  • Above 15 is considered overpriced but always compare Solargiga to the Solar industry mean.
  • A PE ratio of 0.88 means the investor is paying $0.88 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Solargiga Energy Holdings Ltd:

  • The EOD is 0.546. Based on the earnings, the company is cheap. +2
  • The MRQ is 0.883. Based on the earnings, the company is cheap. +2
  • The TTM is 0.883. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.546MRQ0.883-0.337
MRQ0.883TTM0.8830.000
TTM0.883YOY6.597-5.715
TTM0.8835Y0.222+0.660
5Y0.22210Y2.173-1.951
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
EOD0.546-0.072+0.618
MRQ0.883-0.031+0.914
TTM0.883-0.031+0.914
YOY6.597-1.055+7.652
5Y0.222-2.382+2.604
10Y2.1731.668+0.505
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Solargiga Energy Holdings Ltd:

  • The EOD is 0.309. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 0.500. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 0.500. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.309MRQ0.500-0.191
MRQ0.500TTM0.5000.000
TTM0.500YOY3.041-2.541
TTM0.5005Y1.386-0.886
5Y1.38610Y-0.188+1.574
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
EOD0.309-2.787+3.096
MRQ0.500-3.500+4.000
TTM0.500-4.410+4.910
YOY3.041-4.654+7.695
5Y1.386-5.746+7.132
10Y-0.188-6.822+6.634
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Solar industry mean).
  • A PB ratio of 0.77 means the investor is paying $0.77 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Solargiga Energy Holdings Ltd:

  • The EOD is 0.474. Based on the equity, the company is cheap. +2
  • The MRQ is 0.767. Based on the equity, the company is cheap. +2
  • The TTM is 0.767. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.474MRQ0.767-0.293
MRQ0.767TTM0.7670.000
TTM0.767YOY3.386-2.620
TTM0.7675Y1.559-0.792
5Y1.55910Y1.143+0.416
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
EOD0.4741.288-0.814
MRQ0.7671.570-0.803
TTM0.7671.728-0.961
YOY3.3862.216+1.170
5Y1.5591.933-0.374
10Y1.1432.346-1.203
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Solargiga Energy Holdings 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--0.2360.2360%0.012+1891%0.004+5394%0.002+14348%
Book Value Per Share--0.3590.3590%0.123+193%0.201+79%0.279+28%
Current Ratio--1.1011.1010%0.843+31%0.867+27%0.833+32%
Debt To Asset Ratio--0.8580.8580%0.940-9%0.891-4%0.821+4%
Debt To Equity Ratio--6.0256.0250%15.713-62%14.717-59%9.029-33%
Dividend Per Share----0%-0%-0%-0%
Eps--0.3120.3120%0.063+395%0.023+1241%0.001+23017%
Free Cash Flow Per Share--0.5500.5500%0.136+303%0.225+145%0.110+402%
Free Cash Flow To Equity Per Share--0.0350.0350%-0.028+178%0.025+39%0.000+11303%
Gross Profit Margin--1.0001.0000%1.0000%1.244-20%0.949+5%
Intrinsic Value_10Y_max--9.698--------
Intrinsic Value_10Y_min--3.233--------
Intrinsic Value_1Y_max--0.438--------
Intrinsic Value_1Y_min--0.165--------
Intrinsic Value_3Y_max--1.723--------
Intrinsic Value_3Y_min--0.637--------
Intrinsic Value_5Y_max--3.498--------
Intrinsic Value_5Y_min--1.259--------
Market Cap565040919.040-62%914037060.750914037060.7500%1379365020.195-34%779091854.986+17%825292189.176+11%
Net Profit Margin--0.1390.1390%0.027+412%-0.001+101%-0.014+110%
Operating Margin---0.017-0.0170%0.072-123%0.014-221%0.014-225%
Operating Ratio--1.9661.9660%1.802+9%1.897+4%1.883+4%
Pb Ratio0.474-62%0.7670.7670%3.386-77%1.559-51%1.143-33%
Pe Ratio0.546-62%0.8830.8830%6.597-87%0.222+297%2.173-59%
Price Per Share0.170-62%0.2750.2750%0.415-34%0.234+17%0.248+11%
Price To Free Cash Flow Ratio0.309-62%0.5000.5000%3.041-84%1.386-64%-0.188+138%
Price To Total Gains Ratio0.720-62%1.1651.1650%35.002-97%5.225-78%-2.145+284%
Quick Ratio--0.3410.3410%0.335+2%0.432-21%0.425-20%
Return On Assets--0.1240.1240%0.031+303%-0.003+102%-0.009+107%
Return On Equity--0.8690.8690%0.513+69%-0.256+130%-0.163+119%
Total Gains Per Share--0.2360.2360%0.012+1891%0.004+5394%0.002+14348%
Usd Book Value--152316610.256152316610.2560%52055187.925+193%85226191.801+79%118560422.174+28%
Usd Book Value Change Per Share--0.0300.0300%0.002+1891%0.001+5394%0.000+14348%
Usd Book Value Per Share--0.0460.0460%0.016+193%0.026+79%0.036+28%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps--0.0400.0400%0.008+395%0.003+1241%0.000+23017%
Usd Free Cash Flow--233789214.962233789214.9620%57965942.539+303%95407636.377+145%46585489.199+402%
Usd Free Cash Flow Per Share--0.0700.0700%0.017+303%0.029+145%0.014+402%
Usd Free Cash Flow To Equity Per Share--0.0050.0050%-0.004+178%0.003+39%0.000+11303%
Usd Market Cap72212229.453-62%116813936.364116813936.3640%176282849.581-34%99567939.067+17%105472341.777+11%
Usd Price Per Share0.022-62%0.0350.0350%0.053-34%0.030+17%0.032+11%
Usd Profit--132360743.237132360743.2370%26721130.248+395%9868212.335+1241%572585.770+23016%
Usd Revenue--949980420.062949980420.0620%982566253.561-3%787556130.385+21%600320071.864+58%
Usd Total Gains Per Share--0.0300.0300%0.002+1891%0.001+5394%0.000+14348%
 EOD+4 -4MRQTTM+0 -0YOY+26 -75Y+27 -710Y+28 -6

3.2. Fundamental Score

Let's check the fundamental score of Solargiga Energy Holdings Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-150.546
Price to Book Ratio (EOD)Between0-10.474
Net Profit Margin (MRQ)Greater than00.139
Operating Margin (MRQ)Greater than0-0.017
Quick Ratio (MRQ)Greater than10.341
Current Ratio (MRQ)Greater than11.101
Debt to Asset Ratio (MRQ)Less than10.858
Debt to Equity Ratio (MRQ)Less than16.025
Return on Equity (MRQ)Greater than0.150.869
Return on Assets (MRQ)Greater than0.050.124
Total7/10 (70.0%)

3.3. Technical Score

Let's check the technical score of Solargiga Energy Holdings Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5053.137
Ma 20Greater thanMa 500.169
Ma 50Greater thanMa 1000.159
Ma 100Greater thanMa 2000.155
OpenGreater thanClose0.172
Total4/5 (80.0%)



Reversals in quarterly reports

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

 2018-12-312019-12-312020-12-312021-12-312022-12-31
Net Working Capital  -732,392-85,550-817,942-224,950-1,042,892211,055-831,8371,498,108666,271



Latest Balance Sheet

Balance Sheet of 2022-12-31. Currency in CNY. All numbers in thousands.

Summary
Total Assets7,737,024
Total Liabilities6,635,614
Total Stockholder Equity1,101,410
 As reported
Total Liabilities 6,635,614
Total Stockholder Equity+ 1,101,410
Total Assets = 7,737,024

Assets

Total Assets7,737,024
Total Current Assets6,732,819
Long-term Assets1,004,205
Total Current Assets
Cash And Cash Equivalents 937,897
Net Receivables 1,147,814
Inventory 800,961
Other Current Assets 2,457,830
Total Current Assets  (as reported)6,732,819
Total Current Assets  (calculated)5,344,502
+/- 1,388,317
Long-term Assets
Property Plant Equipment 950,253
Other Assets 52,562
Long-term Assets  (as reported)1,004,205
Long-term Assets  (calculated)1,002,815
+/- 1,390

Liabilities & Shareholders' Equity

Total Current Liabilities6,117,099
Long-term Liabilities414,491
Total Stockholder Equity1,101,410
Total Current Liabilities
Short-term Debt 1,201,064
Short Long Term Debt 1,246,979
Accounts payable 3,740,934
Other Current Liabilities 997,189
Total Current Liabilities  (as reported)6,117,099
Total Current Liabilities  (calculated)7,186,166
+/- 1,069,067
Long-term Liabilities
Long term Debt Total 114,464
Other Liabilities 300,027
Long-term Liabilities  (as reported)414,491
Long-term Liabilities  (calculated)414,491
+/-0
Total Stockholder Equity
Common Stock285,924
Retained Earnings -698,842
Capital Surplus 1,540,888
Total Stockholder Equity (as reported)1,101,410
Total Stockholder Equity (calculated)1,127,970
+/- 26,560
Other
Capital Stock285,924
Cash And Equivalents937,897
Cash and Short Term Investments 937,897
Common Stock Shares Outstanding 3,323,771
Liabilities and Stockholders Equity 7,737,024
Net Debt 400,854
Net Invested Capital 2,440,161
Net Working Capital 615,720
Property Plant and Equipment Gross 2,185,679



Balance Sheet

Currency in CNY. All numbers in thousands.

 Trend2022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-31
> Total Assets 
598,451
415,047
1,775,410
2,047,949
3,043,223
5,048,685
3,944,658
4,240,174
4,281,040
4,712,767
4,274,548
4,611,210
4,566,001
4,429,180
5,601,703
6,291,172
7,737,024
7,737,0246,291,1725,601,7034,429,1804,566,0014,611,2104,274,5484,712,7674,281,0404,240,1743,944,6585,048,6853,043,2232,047,9491,775,410415,047598,451
   > Total Current Assets 
0
47,095
1,186,669
1,126,895
1,540,546
1,647,607
1,480,031
1,603,618
1,798,519
2,554,539
2,284,503
2,821,891
2,754,947
2,822,908
3,858,549
4,124,818
6,732,819
6,732,8194,124,8183,858,5492,822,9082,754,9472,821,8912,284,5032,554,5391,798,5191,603,6181,480,0311,647,6071,540,5461,126,8951,186,66947,0950
       Cash And Cash Equivalents 
82,626
416
270,402
236,191
459,734
583,743
153,793
234,398
195,257
193,953
293,628
191,185
239,712
396,854
456,265
431,861
937,897
937,897431,861456,265396,854239,712191,185293,628193,953195,257234,398153,793583,743459,734236,191270,40241682,626
       Short-term Investments 
5,508
120
25,071
44,055
74,113
403,135
174,234
300,892
372,723
123,942
384,661
219,097
0
0
0
0
0
00000219,097384,661123,942372,723300,892174,234403,13574,11344,05525,0711205,508
       Net Receivables 
163,189
186,715
468,586
200,452
169,938
193,045
601,897
381,800
299,299
578,936
545,467
1,684,980
1,514,926
1,305,443
1,950,907
1,205,268
1,147,814
1,147,8141,205,2681,950,9071,305,4431,514,9261,684,980545,467578,936299,299381,800601,897193,045169,938200,452468,586186,715163,189
       Other Current Assets 
0
351
27,077
64,146
151,288
53,101
53,615
245,034
236,707
459,171
614,275
399,509
478,455
464,389
830,073
851,569
2,457,830
2,457,830851,569830,073464,389478,455399,509614,275459,171236,707245,03453,61553,101151,28864,14627,0773510
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
1,990,045
1,789,319
1,811,054
1,606,272
1,743,154
2,166,354
1,004,205
1,004,2052,166,3541,743,1541,606,2721,811,0541,789,3191,990,0450000000000
       Property Plant Equipment 
139,152
175,379
394,665
536,849
1,197,049
2,137,010
1,917,684
2,064,687
1,968,776
1,842,898
1,696,321
1,531,099
1,517,027
1,558,295
1,705,736
2,139,688
950,253
950,2532,139,6881,705,7361,558,2951,517,0271,531,0991,696,3211,842,8981,968,7762,064,6871,917,6842,137,0101,197,049536,849394,665175,379139,152
       Goodwill 
0
0
0
0
0
208,237
0
0
0
0
0
0
0
0
0
0
0
00000000000208,23700000
       Long Term Investments 
0
0
0
0
0
0
0
74,568
72,731
59,721
41,148
7,681
8,021
0
0
0
0
00008,0217,68141,14859,72172,73174,5680000000
       Intangible Assets 
7,772
48,486
47,508
63,948
68,400
228,084
101,361
118,345
138,601
120,200
120,050
146,233
141,989
0
0
0
0
0000141,989146,233120,050120,200138,601118,345101,361228,08468,40063,94847,50848,4867,772
       Long-term Assets Other 
0
0
-1,878
0
0
-8,409
0
31,390
40,336
28,710
21,644
1,789,319
1,811,054
1,606,272
0
0
0
0001,606,2721,811,0541,789,31921,64428,71040,33631,3900-8,40900-1,87800
> Total Liabilities 
338,843
49,611
511,896
640,669
1,397,508
2,775,789
2,893,428
3,001,378
3,105,022
3,549,904
3,395,860
3,575,781
3,758,010
3,973,614
5,261,707
5,914,758
6,635,614
6,635,6145,914,7585,261,7073,973,6143,758,0103,575,7813,395,8603,549,9043,105,0223,001,3782,893,4282,775,7891,397,508640,669511,89649,611338,843
   > Total Current Liabilities 
320,152
49,611
471,328
495,472
1,113,576
1,352,354
1,865,083
2,176,101
2,477,881
2,949,853
2,937,233
3,170,491
3,431,772
3,578,792
4,822,316
4,893,543
6,117,099
6,117,0994,893,5434,822,3163,578,7923,431,7723,170,4912,937,2332,949,8532,477,8812,176,1011,865,0831,352,3541,113,576495,472471,32849,611320,152
       Short-term Debt 
0
0
214,580
289,274
648,011
705,077
1,018,985
1,413,682
1,420,188
1,931,849
2,036,867
1,922,322
1,773,140
1,680,914
2,475,519
1,912,926
1,201,064
1,201,0641,912,9262,475,5191,680,9141,773,1401,922,3222,036,8671,931,8491,420,1881,413,6821,018,985705,077648,011289,274214,58000
       Short Long Term Debt 
0
0
0
0
0
0
0
2,005,400
226,500
57,364
2,036,867
1,922,322
1,773,140
1,680,914
2,475,519
1,915,279
1,246,979
1,246,9791,915,2792,475,5191,680,9141,773,1401,922,3222,036,86757,364226,5002,005,4000000000
       Accounts payable 
111,321
38,367
143,223
78,603
300,119
356,337
579,659
470,247
806,478
799,248
728,247
1,055,536
1,441,065
1,502,624
2,011,213
2,242,716
3,740,934
3,740,9342,242,7162,011,2131,502,6241,441,0651,055,536728,247799,248806,478470,247579,659356,337300,11978,603143,22338,367111,321
       Other Current Liabilities 
7,491
124,154
113,525
127,595
165,446
290,940
266,439
292,172
251,215
208,580
154,016
161,189
196,420
364,842
242,485
659,561
997,189
997,189659,561242,485364,842196,420161,189154,016208,580251,215292,172266,439290,940165,446127,595113,525124,1547,491
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
458,627
405,290
326,238
394,822
439,391
725,350
414,491
414,491725,350439,391394,822326,238405,290458,6270000000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
385,872
348,144
190,620
126,598
17,317
130,337
44,846
283,262
114,464
114,464283,26244,846130,33717,317126,598190,620348,144385,87200000000
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
0
84,193
0
109,018
127,412
151,487
0
0
00151,487127,412109,018084,1930000000000
> Total Stockholder Equity
194,583
632,717
1,263,514
1,387,719
1,606,778
2,222,045
1,018,878
1,153,058
1,096,083
1,070,740
810,496
950,339
715,726
433,694
140,555
376,414
1,101,410
1,101,410376,414140,555433,694715,726950,339810,4961,070,7401,096,0831,153,0581,018,8782,222,0451,606,7781,387,7191,263,514632,717194,583
   Common Stock
74,858
279
152,189
162,458
162,458
198,585
218,787
276,727
276,727
276,727
276,727
276,727
276,727
276,727
270,867
285,924
285,924
285,924285,924270,867276,727276,727276,727276,727276,727276,727276,727218,787198,585162,458162,458152,18927974,858
   Retained Earnings Total Equity00000000000000000
   Accumulated Other Comprehensive Income 000-1,482,967-1,384,468-1,221,238-1,076,039-897,157-943,711-753,758-607,272-272,331-136,934-83,916-53,34300
   Capital Surplus 
0
0
0
0
0
0
0
0
1,731,645
1,731,645
0
0
1,731,645
1,731,645
1,726,034
1,752,401
1,540,888
1,540,8881,752,4011,726,0341,731,6451,731,645001,731,6451,731,64500000000
   Treasury Stock00000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
-37,610
-30,739
-47,514
-92,830
-60,449
-72,660
800
-40,479
-39,266
815,486
815,486-39,266-40,479800-72,660-60,449-92,830-47,514-30,739-37,6100000000



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, 2022-12-31)

Gross Profit (+$)
totalRevenue6,869,362
Cost of Revenue-6,598,098
Gross Profit271,264271,264
 
Operating Income (+$)
Gross Profit271,264
Operating Expense-6,905,138
Operating Income-39,750-6,633,874
 
Operating Expense (+$)
Research Development0
Selling General Administrative365,724
Selling And Marketing Expenses0
Operating Expense6,905,138365,724
 
Net Interest Income (+$)
Interest Income78,793
Interest Expense-70,289
Other Finance Cost-60,927
Net Interest Income-52,423
 
Pretax Income (+$)
Operating Income-39,750
Net Interest Income-52,423
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-118,543-39,750
EBIT - interestExpense = -186,574
973,369
1,027,397
Interest Expense70,289
Earnings Before Interest and Taxes (EBIT)-116,285-48,254
Earnings Before Interest and Taxes (EBITDA)291,186
 
After tax Income (+$)
Income Before Tax-118,543
Tax Provision-16,261
Net Income From Continuing Ops-134,804-134,804
Net Income957,108
Net Income Applicable To Common Shares957,108
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items1,106,084
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net052,423
 

Technical Analysis of Solargiga
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 Solargiga. The general trend of Solargiga is BULLISH with 28.6% 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 Solargiga'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 (28.6%) Bearish trend (-28.6%)
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 Solargiga Energy Holdings Ltd.

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

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

The bullish price targets are: 0.19 < 0.191 < 0.192.

The bearish price targets are: 0.15 > 0.145 > 0.145.

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Solargiga Energy Holdings 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 Solargiga Energy Holdings Ltd. The current mas is .

The long score for the Moving Averages is 9/14.
The longshort score for the Moving Averages is 4/(-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 lower 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 lower 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 down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

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

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

Solargiga Energy Holdings 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 Solargiga Energy Holdings Ltd. The current macd is 0.00447715.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-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 Solargiga price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Solargiga. 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 Solargiga 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
Solargiga Energy Holdings Ltd Daily Moving Average Convergence/Divergence (MACD) ChartSolargiga Energy Holdings 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 Solargiga Energy Holdings Ltd. The current adx is 26.24.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-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 Solargiga shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2
Solargiga Energy Holdings 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 Solargiga Energy Holdings Ltd. The current sar is 0.19047099.

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
Solargiga Energy Holdings 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 Solargiga Energy Holdings Ltd. The current rsi is 53.14. The current phase is Continuation in bull market.

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

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending down: The RSI is trending down. -1
Solargiga Energy Holdings Ltd Daily Relative Strength Index (RSI) ChartSolargiga Energy Holdings 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 Solargiga Energy Holdings Ltd. The current phase is Correction in bull market.

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

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Solargiga price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Solargiga Energy Holdings Ltd Daily Stochastic Oscillator ChartSolargiga Energy Holdings 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 Solargiga Energy Holdings Ltd. The current cci is 9.35730116.

Solargiga Energy Holdings Ltd Daily Commodity Channel Index (CCI) ChartSolargiga Energy Holdings 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 Solargiga Energy Holdings Ltd. The current cmo is 1.24609396.

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
Solargiga Energy Holdings Ltd Daily Chande Momentum Oscillator (CMO) ChartSolargiga Energy Holdings 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 Solargiga Energy Holdings Ltd. The current willr is -61.11111111.

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 Solargiga is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Solargiga Energy Holdings Ltd Daily Williams %R ChartSolargiga Energy Holdings 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 Solargiga Energy Holdings Ltd.

Solargiga Energy Holdings 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 Solargiga Energy Holdings Ltd. The current atr is 0.00924394.

Solargiga Energy Holdings Ltd Daily Average True Range (ATR) ChartSolargiga Energy Holdings 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 Solargiga Energy Holdings Ltd. The current obv is 109,970,066.

Solargiga Energy Holdings Ltd Daily On-Balance Volume (OBV) ChartSolargiga Energy Holdings 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 Solargiga Energy Holdings Ltd. The current mfi is 73.76.

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
Solargiga Energy Holdings Ltd Daily Money Flow Index (MFI) ChartSolargiga Energy Holdings Ltd Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Solargiga Energy Holdings 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
2023-11-03STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-11-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-11-07CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-08STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-09STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-10STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-14STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-16STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-17CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-11-20SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-23STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-24CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-27CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-29SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-30CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-12-01MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-04MACD 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
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-05STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-06MACD 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
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-12-07STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-08STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-12STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-13STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-15MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-18STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-22STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-28STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-29CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-03CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-04STOCH SHORT EXITThe %K line crosses above the %D line.
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).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-05SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-01-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-10STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-11CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-15STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-17CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-18CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-22MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-23STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-24MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-01-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-30MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-31DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-02-01STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-02DMI 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.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-05DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
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.
2024-02-07STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-08STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-09DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-02-14DMI 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.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-16STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-19STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-21DMI 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.
2024-02-22DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-02-23MACD 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.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-27STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-29CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-01SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-04STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-06MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-08STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-11CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-12WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-13STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-18STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-20STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-22SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-03-25MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-26STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-27STOCH LONG EXITThe %K line crosses below the %D line.

6.3. Candlestick Patterns

Solargiga Energy Holdings Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Solargiga Energy Holdings Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5053.137
Ma 20Greater thanMa 500.169
Ma 50Greater thanMa 1000.159
Ma 100Greater thanMa 2000.155
OpenGreater thanClose0.172
Total4/5 (80.0%)
Penke

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