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Spring REIT
Buy, Hold or Sell?

Let's analyse Spring REIT together

PenkeI guess you are interested in Spring REIT. 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 Spring REIT. 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 Spring REIT (30 sec.)










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

How much money do you get?

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

What is your share worth?

Current worth
HK$4.78
Expected worth in 1 year
HK$4.29
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
HK$0.35
Return On Investment
18.6%

For what price can you sell your share?

Current Price per Share
HK$1.88
Expected price per share
HK$0 - HK$1.84
How sure are you?
50%

1. Valuation of Spring REIT (5 min.)




Live pricePrice per Share (EOD)

HK$1.88

Intrinsic Value Per Share

HK$1.97 - HK$2.74

Total Value Per Share

HK$6.75 - HK$7.52

2. Growth of Spring REIT (5 min.)




Is Spring REIT growing?

Current yearPrevious yearGrowGrow %
How rich?$907m$922.6m-$15.6m-1.7%

How much money is Spring REIT making?

Current yearPrevious yearGrowGrow %
Making money$3.6m$65.1m-$61.5m-1,698.6%
Net Profit Margin5.0%96.5%--

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

3. Financial Health of Spring REIT (5 min.)




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

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

What can you expect buying and holding a share of Spring REIT?

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

Speculation

The Price per Share of Spring REIT is HK$1.88. 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 Spring REIT.
  • 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 Spring REIT, 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$4.78. Based on the TTM, the Book Value Change Per Share is HK$-0.12 per quarter. Based on the YOY, the Book Value Change Per Share is HK$0.14 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$0.21 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Spring REIT.

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 Eps0.000.1%0.000.1%0.042.4%0.010.6%0.010.5%
Usd Book Value Change Per Share-0.02-0.8%-0.02-0.8%0.020.9%0.00-0.2%0.020.8%
Usd Dividend Per Share0.031.4%0.031.4%0.021.3%0.021.3%0.021.1%
Usd Total Gains Per Share0.010.6%0.010.6%0.042.2%0.021.1%0.041.9%
Usd Price Per Share0.31-0.31-0.33-0.37-0.39-
Price to Earnings Ratio125.70-125.70-7.45-59.85-59.17-
Price-to-Total Gains Ratio27.44-27.44-7.84-25.54-17.08-
Price to Book Ratio0.50-0.50-0.53-0.60-0.68-
Price-to-Total Gains Ratio27.44-27.44-7.84-25.54-17.08-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.240264
Number of shares4162
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.030.02
Usd Book Value Change Per Share-0.020.00
Usd Total Gains Per Share0.010.02
Gains per Quarter (4162 shares)46.5284.29
Gains per Year (4162 shares)186.10337.16
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1449-263176393-56327
2898-526362785-111664
31347-7895481178-1671001
41797-10527341571-2221338
52246-13159201963-2781675
62695-157811062356-3332012
73144-184112922749-3892349
83593-210414783141-4442686
94042-236816643534-5003023
104492-263118503927-5553360

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%4.01.00.080.0%9.01.00.090.0%10.01.00.090.9%
Book Value Change Per Share0.01.00.00.0%1.02.00.033.3%2.03.00.040.0%7.03.00.070.0%8.03.00.072.7%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%10.00.01.090.9%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%11.00.00.0100.0%

Fundamentals of Spring REIT

About Spring REIT

Spring Real Estate Investment Trust ("Spring REIT", stock code: 1426) is a real estate investment trust which invests in high quality income-producing real estate. Listed on 5 December 2013 on the Hong Kong Stock Exchange, Spring REIT's property portfolio comprises (i) two Premium Grade office buildings strategically located in the Central Business District of Beijing, (ii) a landmark shopping mall Huamao Place in Huizhou, Greater Bay Area, and (iii) a long-income portfolio of commercial properties in the United Kingdom. Spring REIT seeks to offer to Unitholders stable distributions and the potential for sustainable long-term growth through investing in a diversified portfolio of income-producing real estate. Spring REIT is managed by Spring Asset Management Limited, a company incorporated in Hong Kong. As at 31 December 2022, the Manager is 80.4 % owned by Mercuria Holdings Co., Ltd. ("Mercuria Holdings"), which is an investment holding company listed on the Tokyo Stock Exchange (Stock Code: 7347) with notable shareholders such as Development Bank of Japan, Itochu Corporation and Sumitomo Mitsui Trust Bank, Limited.

Fundamental data was last updated by Penke on 2024-03-25 07:29:05.

Financial Health

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

Valuation

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

1.1. Profitability of Spring REIT.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Spring REIT to the REIT - Diversified industry mean.
  • A Net Profit Margin of 5.0% means that $0.05 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Spring REIT:

  • The MRQ is 5.0%. The company is making a profit. +1
  • The TTM is 5.0%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ5.0%TTM5.0%0.0%
TTM5.0%YOY96.5%-91.5%
TTM5.0%5Y22.4%-17.4%
5Y22.4%10Y55.1%-32.6%
1.1.2. Return on Assets

Shows how efficient Spring REIT is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Spring REIT to the REIT - Diversified industry mean.
  • 0.2% Return on Assets means that Spring REIT generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Spring REIT:

  • The MRQ is 0.2%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.2%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.2%TTM0.2%0.0%
TTM0.2%YOY4.8%-4.6%
TTM0.2%5Y1.1%-0.9%
5Y1.1%10Y2.7%-1.6%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Spring REIT to the REIT - Diversified industry mean.
  • 0.4% Return on Equity means Spring REIT generated $0.00 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Spring REIT:

  • The MRQ is 0.4%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 0.4%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.4%TTM0.4%0.0%
TTM0.4%YOY7.1%-6.7%
TTM0.4%5Y1.7%-1.3%
5Y1.7%10Y12.0%-10.3%

1.2. Operating Efficiency of Spring REIT.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Spring REIT is operating .

  • Measures how much profit Spring REIT 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 Spring REIT to the REIT - Diversified 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 Spring REIT:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY62.7%-62.7%
TTM-5Y34.1%-34.1%
5Y34.1%10Y60.9%-26.8%
1.2.2. Operating Ratio

Measures how efficient Spring REIT is keeping operating costs low.

  • Below 1 is considered healthy (always compare to REIT - Diversified industry mean).
  • An Operation Ratio of 0.41 means that the operating costs are $0.41 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Spring REIT:

  • The MRQ is 0.414. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.414. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.414TTM0.4140.000
TTM0.414YOY0.515-0.101
TTM0.4145Y0.482-0.068
5Y0.48210Y0.424+0.058

1.3. Liquidity of Spring REIT.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to REIT - Diversified industry mean).
  • A Current Ratio of 1.59 means the company has $1.59 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Spring REIT:

  • The MRQ is 1.591. The company is able to pay all its short-term debts. +1
  • The TTM is 1.591. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.591TTM1.5910.000
TTM1.591YOY0.994+0.598
TTM1.5915Y1.588+0.004
5Y1.58810Y2.000-0.412
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Spring REIT to the REIT - Diversified industry mean.
  • A Quick Ratio of 0.78 means the company can pay off $0.78 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Spring REIT:

  • The MRQ is 0.784. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.784. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.784TTM0.7840.000
TTM0.784YOY0.461+0.323
TTM0.7845Y1.015-0.231
5Y1.01510Y0.924+0.092

1.4. Solvency of Spring REIT.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Spring REIT assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Spring REIT to REIT - Diversified industry mean.
  • A Debt to Asset Ratio of 0.49 means that Spring REIT assets are financed with 49.3% credit (debt) and the remaining percentage (100% - 49.3%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Spring REIT:

  • The MRQ is 0.493. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.493. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.493TTM0.4930.000
TTM0.493YOY0.325+0.168
TTM0.4935Y0.384+0.109
5Y0.38410Y0.378+0.006
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Spring REIT to the REIT - Diversified industry mean.
  • A Debt to Equity ratio of 97.2% means that company has $0.97 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Spring REIT:

  • The MRQ is 0.972. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.972. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.972TTM0.9720.000
TTM0.972YOY0.481+0.490
TTM0.9725Y0.639+0.332
5Y0.63910Y1.219-0.579

2. Market Valuation of Spring REIT

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 Spring REIT generates.

  • Above 15 is considered overpriced but always compare Spring REIT to the REIT - Diversified industry mean.
  • A PE ratio of 125.70 means the investor is paying $125.70 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Spring REIT:

  • The EOD is 98.465. Based on the earnings, the company is expensive. -2
  • The MRQ is 125.700. Based on the earnings, the company is expensive. -2
  • The TTM is 125.700. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD98.465MRQ125.700-27.235
MRQ125.700TTM125.7000.000
TTM125.700YOY7.449+118.250
TTM125.7005Y59.846+65.853
5Y59.84610Y59.169+0.677
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Spring REIT:

  • The EOD is 6.617. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 8.447. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 8.447. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD6.617MRQ8.447-1.830
MRQ8.447TTM8.4470.000
TTM8.447YOY10.104-1.657
TTM8.4475Y10.693-2.246
5Y10.69310Y11.511-0.818
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to REIT - Diversified industry mean).
  • A PB ratio of 0.50 means the investor is paying $0.50 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Spring REIT:

  • The EOD is 0.393. Based on the equity, the company is cheap. +2
  • The MRQ is 0.502. Based on the equity, the company is cheap. +2
  • The TTM is 0.502. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.393MRQ0.502-0.109
MRQ0.502TTM0.5020.000
TTM0.502YOY0.526-0.024
TTM0.5025Y0.596-0.094
5Y0.59610Y0.679-0.082
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Spring REIT 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---0.124-0.1240%0.138-189%-0.026-79%0.118-204%
Book Value Per Share--4.7804.7800%4.903-3%4.816-1%4.583+4%
Current Ratio--1.5911.5910%0.994+60%1.588+0%2.000-20%
Debt To Asset Ratio--0.4930.4930%0.325+52%0.384+28%0.378+30%
Debt To Equity Ratio--0.9720.9720%0.481+102%0.639+52%1.219-20%
Dividend Per Share--0.2110.2110%0.191+11%0.185+14%0.167+27%
Eps--0.0190.0190%0.346-94%0.082-77%0.080-76%
Free Cash Flow Per Share--0.2840.2840%0.255+11%0.269+6%0.268+6%
Free Cash Flow To Equity Per Share--0.5580.5580%0.006+8714%0.120+364%0.091+513%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--2.737--------
Intrinsic Value_10Y_min--1.968--------
Intrinsic Value_1Y_max--0.271--------
Intrinsic Value_1Y_min--0.251--------
Intrinsic Value_3Y_max--0.816--------
Intrinsic Value_3Y_min--0.711--------
Intrinsic Value_5Y_max--1.365--------
Intrinsic Value_5Y_min--1.122--------
Market Cap2706090890.240-32%3563834856.0003563834856.0000%3798749636.400-6%4184440069.708-15%4464367793.958-20%
Net Profit Margin--0.0500.0500%0.965-95%0.224-78%0.551-91%
Operating Margin----0%0.627-100%0.341-100%0.609-100%
Operating Ratio--0.4140.4140%0.515-20%0.482-14%0.424-2%
Pb Ratio0.393-28%0.5020.5020%0.526-5%0.596-16%0.679-26%
Pe Ratio98.465-28%125.700125.7000%7.449+1587%59.846+110%59.169+112%
Price Per Share1.880-28%2.4002.4000%2.580-7%2.872-16%3.084-22%
Price To Free Cash Flow Ratio6.617-28%8.4478.4470%10.104-16%10.693-21%11.511-27%
Price To Total Gains Ratio21.494-28%27.43927.4390%7.844+250%25.542+7%17.076+61%
Quick Ratio--0.7840.7840%0.461+70%1.015-23%0.924-15%
Return On Assets--0.0020.0020%0.048-96%0.011-81%0.027-92%
Return On Equity--0.0040.0040%0.071-94%0.017-76%0.120-97%
Total Gains Per Share--0.0870.0870%0.329-73%0.158-45%0.285-69%
Usd Book Value--907038008.516907038008.5160%922638771.904-2%898210902.152+1%849208871.776+7%
Usd Book Value Change Per Share---0.016-0.0160%0.018-189%-0.003-79%0.015-204%
Usd Book Value Per Share--0.6110.6110%0.627-3%0.615-1%0.586+4%
Usd Dividend Per Share--0.0270.0270%0.024+11%0.024+14%0.021+27%
Usd Eps--0.0020.0020%0.044-94%0.011-77%0.010-76%
Usd Free Cash Flow--53919645.79253919645.7920%48048995.969+12%50162536.667+7%49698634.322+8%
Usd Free Cash Flow Per Share--0.0360.0360%0.033+11%0.034+6%0.034+6%
Usd Free Cash Flow To Equity Per Share--0.0710.0710%0.001+8714%0.015+364%0.012+513%
Usd Market Cap345838415.773-32%455458094.597455458094.5970%485480203.532-6%534771440.909-15%570546204.068-20%
Usd Price Per Share0.240-28%0.3070.3070%0.330-7%0.367-16%0.394-22%
Usd Profit--3623385.6003623385.6000%65171610.000-94%15424306.375-77%34990513.040-90%
Usd Revenue--72387837.00072387837.0000%67535398.800+7%70413186.343+3%66575955.772+9%
Usd Total Gains Per Share--0.0110.0110%0.042-73%0.020-45%0.036-69%
 EOD+4 -4MRQTTM+0 -0YOY+15 -205Y+15 -2010Y+17 -18

3.2. Fundamental Score

Let's check the fundamental score of Spring REIT based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1598.465
Price to Book Ratio (EOD)Between0-10.393
Net Profit Margin (MRQ)Greater than00.050
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.784
Current Ratio (MRQ)Greater than11.591
Debt to Asset Ratio (MRQ)Less than10.493
Debt to Equity Ratio (MRQ)Less than10.972
Return on Equity (MRQ)Greater than0.150.004
Return on Assets (MRQ)Greater than0.050.002
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of Spring REIT based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5038.270
Ma 20Greater thanMa 501.980
Ma 50Greater thanMa 1002.022
Ma 100Greater thanMa 2002.026
OpenGreater thanClose1.810
Total1/5 (20.0%)



Latest Balance Sheet

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

Summary
Total Assets12,930,993
Total Liabilities6,372,150
Total Stockholder Equity6,558,843
 As reported
Total Liabilities 6,372,150
Total Stockholder Equity+ 6,558,843
Total Assets = 12,930,993

Assets

Total Assets12,930,993
Total Current Assets833,581
Long-term Assets12,257,406
Total Current Assets
Cash And Cash Equivalents 202,434
Short-term Investments 159,994
Net Receivables 48,401
Other Current Assets 526,834
Total Current Assets  (as reported)833,581
Total Current Assets  (calculated)937,663
+/- 104,082
Long-term Assets
Property Plant Equipment 14,460
Long-term Assets  (as reported)12,257,406
Long-term Assets  (calculated)14,460
+/- 12,242,946

Liabilities & Shareholders' Equity

Total Current Liabilities523,821
Long-term Liabilities5,105,826
Total Stockholder Equity6,558,843
Total Current Liabilities
Short Long Term Debt 64,000
Total Current Liabilities  (as reported)523,821
Total Current Liabilities  (calculated)64,000
+/- 459,821
Long-term Liabilities
Long term Debt Total 4,803,851
Capital Lease Obligations Min Short Term Debt10,601
Long-term Liabilities Other 204,566
Long-term Liabilities  (as reported)5,105,826
Long-term Liabilities  (calculated)5,019,018
+/- 86,808
Total Stockholder Equity
Common Stock6,558,843
Total Stockholder Equity (as reported)6,558,843
Total Stockholder Equity (calculated)6,558,843
+/-0
Other
Cash And Equivalents202,434
Cash and Short Term Investments 202,434
Common Stock Shares Outstanding 1,484,931
Liabilities and Stockholders Equity 12,930,993
Net Debt 4,654,912
Net Invested Capital 11,416,189
Net Working Capital 354,428
Property Plant and Equipment Gross 14,460



Balance Sheet

Currency in CNY. All numbers in thousands.

 Trend2022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-31
> Total Assets 
848,336
1,061,778
7,907,044
8,506,662
8,637,152
8,940,463
9,590,520
10,358,387
10,284,690
10,429,369
9,712,865
9,884,003
12,930,993
12,930,9939,884,0039,712,86510,429,36910,284,69010,358,3879,590,5208,940,4638,637,1528,506,6627,907,0441,061,778848,336
   > Total Current Assets 
0
0
498,895
788,595
531,772
607,875
587,077
643,311
519,461
157,685
180,966
561,690
833,581
833,581561,690180,966157,685519,461643,311587,077607,875531,772788,595498,89500
       Cash And Cash Equivalents 
5,927
2,099
75,376
408,218
150,648
200,318
200,155
139,126
110,085
124,992
154,435
156,047
202,434
202,434156,047154,435124,992110,085139,126200,155200,318150,648408,21875,3762,0995,927
       Short-term Investments 
30,256
34,782
36,955
59,610
60,657
54,208
50,631
72,701
0
0
0
33,414
159,994
159,99433,41400072,70150,63154,20860,65759,61036,95534,78230,256
       Net Receivables 
0
0
0
3,147
729
1,053
2,049
4,160
24,929
28,370
24,199
37,711
48,401
48,40137,71124,19928,37024,9294,1602,0491,0537293,147000
       Other Current Assets 
0
0
0
59,619
60,712
370,089
53,673
73,066
387,409
386,438
316,256
333,416
526,834
526,834333,416316,256386,438387,40973,06653,673370,08960,71259,619000
   > Long-term Assets 
0
0
0
0
0
0
9,003,442
9,715,076
9,765,229
10,271,684
9,531,899
9,355,727
12,257,406
12,257,4069,355,7279,531,89910,271,6849,765,2299,715,0769,003,442000000
       Property Plant Equipment 
0
0
0
1,272,778
1,306,583
1,283,552
1,296,616
1,488,059
9,764,060
16,304
15,073
15,217
14,460
14,46015,21715,07316,3049,764,0601,488,0591,296,6161,283,5521,306,5831,272,778000
       Long Term Investments 
0
0
0
780
85
0
0
0
64
0
0
0
0
00006400085780000
       Long-term Assets Other 
0
0
0
0
0
0
9,003,442
9,715,076
9,765,229
10,271,684
0
0
0
00010,271,6849,765,2299,715,0769,003,442000000
> Total Liabilities 
485,726
492,336
3,125,524
3,281,256
3,090,634
3,330,076
3,572,453
3,827,059
3,920,789
3,981,594
3,279,968
3,212,350
6,372,150
6,372,1503,212,3503,279,9683,981,5943,920,7893,827,0593,572,4533,330,0763,090,6343,281,2563,125,524492,336485,726
   > Total Current Liabilities 
0
0
3,125,524
222,053
232,976
231,524
235,964
579,219
265,275
140,308
79,702
565,313
523,821
523,821565,31379,702140,308265,275579,219235,964231,524232,976222,0533,125,52400
       Short-term Debt 
0
0
2,978,429
504,799
460,683
477,301
480,499
326,467
0
0
0
0
0
00000326,467480,499477,301460,683504,7992,978,42900
       Short Long Term Debt 
0
0
0
504,799
460,683
477,301
480,499
326,467
0
0
0
427,684
64,000
64,000427,684000326,467480,499477,301460,683504,799000
       Accounts payable 
0
0
0
0
0
0
0
0
0
0
77,033
84,225
0
084,22577,0330000000000
       Other Current Liabilities 
0
0
0
31,295
31,411
29,974
28,316
32,402
97,224
80,058
95,286
97,380
0
097,38095,28680,05897,22432,40228,31629,97431,41131,295000
   > Long-term Liabilities 
0
0
0
0
0
0
3,336,489
3,247,840
3,655,514
3,841,286
3,200,266
3,125,238
5,105,826
5,105,8263,125,2383,200,2663,841,2863,655,5143,247,8403,336,489000000
       Long term Debt Total 
0
0
0
0
3,259,516
3,258,629
3,280,463
3,396,341
3,654,535
3,716,913
3,035,736
2,971,839
4,803,851
4,803,8512,971,8393,035,7363,716,9133,654,5353,396,3413,280,4633,258,6293,259,5160000
       Capital Lease Obligations Min Short Term Debt
0
0
-2,978,429
-504,799
-460,683
-477,301
-480,499
-326,467
0
12,072
11,504
11,009
10,601
10,60111,00911,50412,0720-326,467-480,499-477,301-460,683-504,799-2,978,42900
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
124,373
147,980
150,639
204,566
204,566150,639147,980124,373000000000
> Total Stockholder Equity
362,610
569,442
766,047
862,244
894,154
5,900,230
5,917,011
6,829,958
6,363,435
6,447,775
6,432,897
6,671,653
6,558,843
6,558,8436,671,6536,432,8976,447,7756,363,4356,829,9585,917,0115,900,230894,154862,244766,047569,442362,610
   Common Stock
0
0
0
854,890
894,154
5,900,230
866,682
1,000,404
6,363,435
6,447,775
6,432,897
6,671,653
6,558,843
6,558,8436,671,6536,432,8976,447,7756,363,4351,000,404866,6825,900,230894,154854,890000
   Retained Earnings 
206,006
389,641
3,645,336
3,566
0
0
0
0
0
0
0
0
0
0000000003,5663,645,336389,641206,006
   Capital Surplus 0000000000000
   Treasury Stock0000000000000
   Other Stockholders Equity 
0
0
0
3,788
0
0
0
0
0
0
0
0
0
0000000003,788000



Balance Sheet

Currency in CNY. All numbers in thousands.




Cash Flow

Currency in CNY. All numbers in thousands.




Income Statement

Currency in HKD. All numbers in thousands.


Latest Income Statement (annual, 2022-12-31)

Gross Profit (+$)
totalRevenue566,415
Cost of Revenue-22,653
Gross Profit543,762543,762
 
Operating Income (+$)
Gross Profit543,762
Operating Expense-212,074
Operating Income615,500331,688
 
Operating Expense (+$)
Research Development-
Selling General Administrative189,421
Selling And Marketing Expenses-
Operating Expense212,074189,421
 
Net Interest Income (+$)
Interest Income415,430
Interest Expense-241,694
Other Finance Cost-314,400
Net Interest Income-140,664
 
Pretax Income (+$)
Operating Income615,500
Net Interest Income-140,664
Other Non-Operating Income Expenses-
Income Before Tax (EBT)221,940615,500
EBIT - interestExpense = -241,694
28,352
270,046
Interest Expense241,694
Earnings Before Interest and Taxes (EBIT)-463,634
Earnings Before Interest and Taxes (EBITDA)388,640
 
After tax Income (+$)
Income Before Tax221,940
Tax Provision-103,508
Net Income From Continuing Ops118,432118,432
Net Income28,352
Net Income Applicable To Common Shares28,352
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net-140,664
 

Technical Analysis of Spring REIT
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 Spring REIT. The general trend of Spring REIT is BEARISH with 71.4% 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 Spring REIT'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 (-71.4%) Bearish trend (71.4%)
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 Spring REIT.

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

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

The bullish price targets are: 1.82 < 1.82 < 1.84.

The bearish price targets are: .

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Spring REIT 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 Spring REIT. The current mas is .

The long score for the Moving Averages is 2/14.
The longshort score for the Moving Averages is -10/(-14 +14).

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

Spring REIT 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 Spring REIT. The current macd is -0.04694485.

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

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Spring REIT price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Spring REIT. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Spring REIT price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Spring REIT Daily Moving Average Convergence/Divergence (MACD) ChartSpring REIT 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 Spring REIT. The current adx is 24.63.

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

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Spring REIT shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bearish trend could be forming. -1
Spring REIT 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 Spring REIT. The current sar is 2.04710702.

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
Spring REIT 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 Spring REIT. The current rsi is 38.27. The current phase is Continuation in bear market.

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

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Trending up: The RSI is trending up. +1
Spring REIT Daily Relative Strength Index (RSI) ChartSpring REIT 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 Spring REIT. The current phase is Continuation in bear market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-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 above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Spring REIT price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Spring REIT Daily Stochastic Oscillator ChartSpring REIT 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 Spring REIT. The current cci is -164.63284093.

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

  • CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1
Spring REIT Daily Commodity Channel Index (CCI) ChartSpring REIT 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 Spring REIT. The current cmo is -21.78885962.

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

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Spring REIT Daily Chande Momentum Oscillator (CMO) ChartSpring REIT 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 Spring REIT. The current willr is -65.625.

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 Spring REIT is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Spring REIT Daily Williams %R ChartSpring REIT 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 Spring REIT.

Spring REIT 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 Spring REIT. The current atr is 0.04530567.

Spring REIT Daily Average True Range (ATR) ChartSpring REIT 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 Spring REIT. The current obv is -66,039,550.

Spring REIT Daily On-Balance Volume (OBV) ChartSpring REIT 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 Spring REIT. The current mfi is 14.37.

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

  • MFI < 50: -1
  • MFI < 20: -1
Spring REIT Daily Money Flow Index (MFI) ChartSpring REIT Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Spring REIT.

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
2023-11-03MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-06STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-08STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-09CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-10STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-13STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-15CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-16DMI 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.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-20STOCH SHORT EXITThe %K line crosses above the %D line.
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).
2023-11-22STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-24CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-28CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-01MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-12-04MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-06STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-07MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-08MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-11SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-12MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-13STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-14WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-15ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-18STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-21STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-22STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-27STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-28STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-03STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-04STOCH 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.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-01-09RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-01-10MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-17STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-19CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-22CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-24STOCH SHORT EXITThe %K line crosses above the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-25STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-29RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-31STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-01MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-07STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-08STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-14MACD 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.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-16STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-19WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-20MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-21SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-02-26STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-29STOCH 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.
2024-03-06STOCH 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).
2024-03-08STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-11STOCH 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
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-13STOCH 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).
2024-03-15WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-18MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-20DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-03-21BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-03-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-25STOCH SHORT EXITThe %K line crosses above the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-26STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-27RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).

6.3. Candlestick Patterns

Spring REIT Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Spring REIT based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5038.270
Ma 20Greater thanMa 501.980
Ma 50Greater thanMa 1002.022
Ma 100Greater thanMa 2002.026
OpenGreater thanClose1.810
Total1/5 (20.0%)
Penke

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