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Taiwan Wax Co Ltd
Buy, Hold or Sell?

Let's analyse Wax together

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

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

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

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Quick analysis of Wax (30 sec.)










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

How much money do you get?

How much money do you get?
NT$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
NT$15.02
Expected worth in 1 year
NT$14.70
How sure are you?
76.9%

+ What do you gain per year?

Total Gains per Share
NT$-0.32
Return On Investment
-1.9%

For what price can you sell your share?

Current Price per Share
NT$16.90
Expected price per share
NT$15.80 - NT$17.25
How sure are you?
50%

1. Valuation of Wax (5 min.)




Live pricePrice per Share (EOD)

NT$16.90

Intrinsic Value Per Share

NT$-29.81 - NT$-33.51

Total Value Per Share

NT$-14.79 - NT$-18.48

2. Growth of Wax (5 min.)




Is Wax growing?

Current yearPrevious yearGrowGrow %
How rich?$43.5m$44.1m-$3m-7.5%

How much money is Wax making?

Current yearPrevious yearGrowGrow %
Making money-$231.4k$2.9m-$3.1m-1,371.0%
Net Profit Margin-25.0%101.9%--

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

3. Financial Health of Wax (5 min.)




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




  Industry Rankings (Specialty Chemicals)  


Richest
#421 / 565

Most Revenue
#526 / 565

Most Profit
#425 / 565

Most Efficient
#525 / 565

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

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

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

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

Speculation

The Price per Share of Wax is NT$16.90. 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 Wax.
  • 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 Wax, 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 NT$15.02. Based on the TTM, the Book Value Change Per Share is NT$-0.08 per quarter. Based on the YOY, the Book Value Change Per Share is NT$1.47 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 NT$0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Wax.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 NT$% of Price per ShareNT$% of Price per ShareNT$% of Price per ShareNT$% of Price per ShareNT$% of Price per Share
Usd Eps0.030.2%0.000.0%0.030.2%0.010.1%0.010.1%
Usd Book Value Change Per Share0.030.2%0.000.0%0.050.3%0.040.2%0.040.2%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.030.2%0.000.0%0.050.3%0.040.2%0.040.2%
Usd Price Per Share0.52-0.51-0.65-0.59-0.59-
Price to Earnings Ratio4.85-10.17-8.85-16.41-16.41-
Price-to-Total Gains Ratio17.68-46.29--67.86-167.05-167.05-
Price to Book Ratio1.10-1.16-1.37-1.57-1.57-
Price-to-Total Gains Ratio17.68-46.29--67.86-167.05-167.05-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.52897
Number of shares1890
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.000.04
Usd Total Gains Per Share0.000.04
Gains per Quarter (1890 shares)-4.7968.36
Gains per Year (1890 shares)-19.16273.45
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10-19-290273263
20-38-480547536
30-57-670820809
40-77-86010941082
50-96-105013671355
60-115-124016411628
70-134-143019141901
80-153-162021882174
90-172-181024612447
100-192-200027342720

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 Share3.01.00.075.0%9.03.00.075.0%9.04.00.069.2%9.04.00.069.2%9.04.00.069.2%
Book Value Change Per Share3.01.00.075.0%9.03.00.075.0%10.03.00.076.9%10.03.00.076.9%10.03.00.076.9%
Dividend per Share0.00.04.00.0%0.00.012.00.0%0.00.013.00.0%0.00.013.00.0%0.00.013.00.0%
Total Gains per Share3.01.00.075.0%9.03.00.075.0%10.03.00.076.9%10.03.00.076.9%10.03.00.076.9%

Fundamentals of Wax

About Taiwan Wax Co Ltd

Taiwan Wax Company,Ltd. manufactures and sells refined wax and finished product in Taiwan and internationally. The company offers refined paraffin wax, microcrystalline wax, and light/heavy foots oil wax. It also trades in optoelectronic equipment and aquatic products; and offers brokerage services. The company was founded in 1987 and is based in Chiayi, Taiwan.

Fundamental data was last updated by Penke on 2024-03-08 08:41:02.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
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 able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

Valuation

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

1.1. Profitability of Taiwan Wax Co Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Wax to the Specialty Chemicals industry mean.
  • A Net Profit Margin of 129.2% means that NT$1.29 for each NT$1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Taiwan Wax Co Ltd:

  • The MRQ is 129.2%. The company is making a huge profit. +2
  • The TTM is -25.0%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ129.2%TTM-25.0%+154.1%
TTM-25.0%YOY101.9%-126.8%
TTM-25.0%5Y22.7%-47.7%
5Y22.7%10Y22.7%0.0%
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ129.2%4.2%+125.0%
TTM-25.0%4.2%-29.2%
YOY101.9%6.4%+95.5%
5Y22.7%6.0%+16.7%
10Y22.7%6.0%+16.7%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Wax to the Specialty Chemicals industry mean.
  • 2.0% Return on Assets means that Wax generated NT$0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Taiwan Wax Co Ltd:

  • The MRQ is 2.0%. Using its assets, the company is less efficient in making profit.
  • The TTM is -0.6%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ2.0%TTM-0.6%+2.6%
TTM-0.6%YOY4.0%-4.5%
TTM-0.6%5Y1.0%-1.6%
5Y1.0%10Y1.0%0.0%
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ2.0%1.1%+0.9%
TTM-0.6%1.1%-1.7%
YOY4.0%1.7%+2.3%
5Y1.0%1.6%-0.6%
10Y1.0%1.7%-0.7%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Wax to the Specialty Chemicals industry mean.
  • 5.7% Return on Equity means Wax generated NT$0.06 for each NT$1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Taiwan Wax Co Ltd:

  • The MRQ is 5.7%. Using its investors money, the company is less efficient in making profit.
  • The TTM is -0.8%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ5.7%TTM-0.8%+6.4%
TTM-0.8%YOY6.8%-7.5%
TTM-0.8%5Y1.9%-2.6%
5Y1.9%10Y1.9%0.0%
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ5.7%2.2%+3.5%
TTM-0.8%2.0%-2.8%
YOY6.8%3.2%+3.6%
5Y1.9%2.7%-0.8%
10Y1.9%2.8%-0.9%

1.2. Operating Efficiency of Taiwan Wax Co Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Wax is operating .

  • Measures how much profit Wax makes for each NT$1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Wax to the Specialty Chemicals industry mean.
  • An Operating Margin of 0.0% means the company generated NT$0.00  for each NT$1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Taiwan Wax Co Ltd:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-9.7%+9.7%
TTM-5Y-0.2%+0.2%
5Y-0.2%10Y-0.2%0.0%
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ-7.5%-7.5%
TTM-4.8%-4.8%
YOY-9.7%8.2%-17.9%
5Y-0.2%8.1%-8.3%
10Y-0.2%7.3%-7.5%
1.2.2. Operating Ratio

Measures how efficient Wax is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Specialty Chemicals industry mean).
  • An Operation Ratio of 1.83 means that the operating costs are NT$1.83 for each NT$1 in net sales.

Let's take a look of the Operating Ratio trends of Taiwan Wax Co Ltd:

  • The MRQ is 1.831. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.581. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.831TTM1.581+0.250
TTM1.581YOY1.883-0.302
TTM1.5815Y1.720-0.138
5Y1.72010Y1.7200.000
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ1.8311.529+0.302
TTM1.5811.530+0.051
YOY1.8831.459+0.424
5Y1.7201.462+0.258
10Y1.7201.229+0.491

1.3. Liquidity of Taiwan Wax Co Ltd.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Specialty Chemicals industry mean).
  • A Current Ratio of 1.26 means the company has NT$1.26 in assets for each NT$1 in short-term debts.

Let's take a look of the Current Ratio trends of Taiwan Wax Co Ltd:

  • The MRQ is 1.263. The company is just able to pay all its short-term debts.
  • The TTM is 1.399. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.263TTM1.399-0.136
TTM1.399YOY2.124-0.725
TTM1.3995Y1.667-0.268
5Y1.66710Y1.6670.000
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ1.2631.831-0.568
TTM1.3991.875-0.476
YOY2.1241.896+0.228
5Y1.6671.926-0.259
10Y1.6671.762-0.095
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Wax to the Specialty Chemicals industry mean.
  • A Quick Ratio of 0.02 means the company can pay off NT$0.02 for each NT$1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Taiwan Wax Co Ltd:

  • The MRQ is 0.024. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.327. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.024TTM0.327-0.303
TTM0.327YOY1.150-0.823
TTM0.3275Y0.672-0.345
5Y0.67210Y0.6720.000
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0240.846-0.822
TTM0.3270.884-0.557
YOY1.1500.966+0.184
5Y0.6721.049-0.377
10Y0.6721.030-0.358

1.4. Solvency of Taiwan Wax Co Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Wax to Specialty Chemicals industry mean.
  • A Debt to Asset Ratio of 0.64 means that Wax assets are financed with 63.8% credit (debt) and the remaining percentage (100% - 63.8%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Taiwan Wax Co Ltd:

  • The MRQ is 0.638. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.574. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.638TTM0.574+0.065
TTM0.574YOY0.394+0.180
TTM0.5745Y0.480+0.094
5Y0.48010Y0.4800.000
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6380.431+0.207
TTM0.5740.427+0.147
YOY0.3940.426-0.032
5Y0.4800.433+0.047
10Y0.4800.439+0.041
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Wax to the Specialty Chemicals industry mean.
  • A Debt to Equity ratio of 176.5% means that company has NT$1.76 debt for each NT$1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Taiwan Wax Co Ltd:

  • The MRQ is 1.765. The company is just able to pay all its debts with equity.
  • The TTM is 1.376. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.765TTM1.376+0.389
TTM1.376YOY0.655+0.721
TTM1.3765Y0.978+0.397
5Y0.97810Y0.9780.000
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ1.7650.767+0.998
TTM1.3760.752+0.624
YOY0.6550.747-0.092
5Y0.9780.797+0.181
10Y0.9780.845+0.133

2. Market Valuation of Taiwan Wax Co Ltd

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every NT$1 in earnings Wax generates.

  • Above 15 is considered overpriced but always compare Wax to the Specialty Chemicals industry mean.
  • A PE ratio of 4.85 means the investor is paying NT$4.85 for every NT$1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Taiwan Wax Co Ltd:

  • The EOD is 4.963. Based on the earnings, the company is cheap. +2
  • The MRQ is 4.845. Based on the earnings, the company is cheap. +2
  • The TTM is 10.166. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD4.963MRQ4.845+0.117
MRQ4.845TTM10.166-5.321
TTM10.166YOY8.851+1.315
TTM10.1665Y16.410-6.244
5Y16.41010Y16.4100.000
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
EOD4.96315.013-10.050
MRQ4.84513.988-9.143
TTM10.16615.705-5.539
YOY8.85117.841-8.990
5Y16.41019.498-3.088
10Y16.41023.950-7.540
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Taiwan Wax Co Ltd:

  • The EOD is -18.471. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -18.034. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -4.685. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-18.471MRQ-18.034-0.437
MRQ-18.034TTM-4.685-13.349
TTM-4.685YOY-0.380-4.305
TTM-4.6855Y-4.391-0.294
5Y-4.39110Y-4.3910.000
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
EOD-18.4715.077-23.548
MRQ-18.0344.568-22.602
TTM-4.6852.302-6.987
YOY-0.380-0.150-0.230
5Y-4.3913.140-7.531
10Y-4.3912.653-7.044
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Specialty Chemicals industry mean).
  • A PB ratio of 1.10 means the investor is paying NT$1.10 for each NT$1 in book value.

Let's take a look of the Price to Book Ratio trends of Taiwan Wax Co Ltd:

  • The EOD is 1.125. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.098. Based on the equity, the company is underpriced. +1
  • The TTM is 1.158. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.125MRQ1.098+0.027
MRQ1.098TTM1.158-0.060
TTM1.158YOY1.368-0.210
TTM1.1585Y1.568-0.410
5Y1.56810Y1.5680.000
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
EOD1.1251.713-0.588
MRQ1.0981.781-0.683
TTM1.1581.854-0.696
YOY1.3682.306-0.938
5Y1.5682.351-0.783
10Y1.5682.842-1.274
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Taiwan Wax Co Ltd compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.933-0.081+109%1.465-36%1.156-19%1.156-19%
Book Value Per Share--15.02314.173+6%15.235-1%12.636+19%12.636+19%
Current Ratio--1.2631.399-10%2.124-41%1.667-24%1.667-24%
Debt To Asset Ratio--0.6380.574+11%0.394+62%0.480+33%0.480+33%
Debt To Equity Ratio--1.7651.376+28%0.655+169%0.978+80%0.978+80%
Dividend Per Share----0%-0%-0%-0%
Eps--0.851-0.080+109%1.014-16%0.291+193%0.291+193%
Free Cash Flow Per Share---0.229-1.076+370%-1.732+657%-1.302+469%-1.302+469%
Free Cash Flow To Equity Per Share---0.229-1.076+370%-0.951+316%-0.755+230%-0.755+230%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---33.508--------
Intrinsic Value_10Y_min---29.811--------
Intrinsic Value_1Y_max---5.183--------
Intrinsic Value_1Y_min---5.092--------
Intrinsic Value_3Y_max---14.183--------
Intrinsic Value_3Y_min---13.568--------
Intrinsic Value_5Y_max---21.504--------
Intrinsic Value_5Y_min---20.080--------
Market Cap1566144902.400+2%1529076450.0001520967711.250+1%1931874488.846-21%1745875198.343-12%1745875198.343-12%
Net Profit Margin--1.292-0.250+119%1.019+27%0.227+469%0.227+469%
Operating Margin----0%-0.0970%-0.0020%-0.0020%
Operating Ratio--1.8311.581+16%1.883-3%1.720+6%1.720+6%
Pb Ratio1.125+2%1.0981.158-5%1.368-20%1.568-30%1.568-30%
Pe Ratio4.963+2%4.84510.166-52%8.851-45%16.410-70%16.410-70%
Price Per Share16.900+2%16.50016.413+1%20.847-21%18.839-12%18.839-12%
Price To Free Cash Flow Ratio-18.471-2%-18.034-4.685-74%-0.380-98%-4.391-76%-4.391-76%
Price To Total Gains Ratio18.107+2%17.67846.291-62%-67.857+484%167.054-89%167.054-89%
Quick Ratio--0.0240.327-93%1.150-98%0.672-96%0.672-96%
Return On Assets--0.020-0.006+128%0.040-48%0.010+98%0.010+98%
Return On Equity--0.057-0.008+113%0.068-16%0.019+201%0.019+201%
Total Gains Per Share--0.933-0.081+109%1.465-36%1.156-19%1.156-19%
Usd Book Value--43575515.70041109396.525+6%44189872.100-1%36652169.985+19%36652169.985+19%
Usd Book Value Change Per Share--0.029-0.003+109%0.046-36%0.036-19%0.036-19%
Usd Book Value Per Share--0.4700.444+6%0.477-1%0.396+19%0.396+19%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps--0.027-0.002+109%0.032-16%0.009+193%0.009+193%
Usd Free Cash Flow---663466.100-3121306.425+370%-5022609.275+657%-3776677.262+469%-3776677.262+469%
Usd Free Cash Flow Per Share---0.007-0.034+370%-0.054+657%-0.041+469%-0.041+469%
Usd Free Cash Flow To Equity Per Share---0.007-0.034+370%-0.030+316%-0.024+230%-0.024+230%
Usd Market Cap49020335.445+2%47860092.88547606289.362+1%60467671.501-21%54645893.708-12%54645893.708-12%
Usd Price Per Share0.529+2%0.5160.514+1%0.652-21%0.590-12%0.590-12%
Usd Profit--2469350.900-231455.675+109%2941902.650-16%843388.131+193%843388.131+193%
Usd Revenue--1911960.5002724547.625-30%4037097.475-53%3390045.215-44%3390045.215-44%
Usd Total Gains Per Share--0.029-0.003+109%0.046-36%0.036-19%0.036-19%
 EOD+5 -3MRQTTM+24 -8YOY+12 -205Y+18 -1410Y+18 -14

3.2. Fundamental Score

Let's check the fundamental score of Taiwan Wax Co Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-154.963
Price to Book Ratio (EOD)Between0-11.125
Net Profit Margin (MRQ)Greater than01.292
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.024
Current Ratio (MRQ)Greater than11.263
Debt to Asset Ratio (MRQ)Less than10.638
Debt to Equity Ratio (MRQ)Less than11.765
Return on Equity (MRQ)Greater than0.150.057
Return on Assets (MRQ)Greater than0.050.020
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of Taiwan Wax Co Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5058.193
Ma 20Greater thanMa 5016.618
Ma 50Greater thanMa 10016.608
Ma 100Greater thanMa 20016.923
OpenGreater thanClose16.900
Total2/5 (40.0%)



Reversals in quarterly reports

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

 2022-09-302022-12-312023-03-312023-06-302023-09-30
Operating Income  6,5449057,44927,33934,788-34,045743-6,639-5,896



Latest Balance Sheet

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

Summary
Total Assets3,849,343
Total Liabilities2,457,154
Total Stockholder Equity1,392,189
 As reported
Total Liabilities 2,457,154
Total Stockholder Equity+ 1,392,189
Total Assets = 3,849,343

Assets

Total Assets3,849,343
Total Current Assets2,944,679
Long-term Assets904,664
Total Current Assets
Cash And Cash Equivalents 109,578
Short-term Investments 40,793
Net Receivables 15,859
Inventory 53,850
Other Current Assets 1,651,912
Total Current Assets  (as reported)2,944,679
Total Current Assets  (calculated)1,871,992
+/- 1,072,687
Long-term Assets
Property Plant Equipment 667,484
Long-term Assets Other 73,734
Long-term Assets  (as reported)904,664
Long-term Assets  (calculated)741,218
+/- 163,446

Liabilities & Shareholders' Equity

Total Current Liabilities2,331,084
Long-term Liabilities126,070
Total Stockholder Equity1,392,189
Total Current Liabilities
Short Long Term Debt 2,256,917
Accounts payable 139
Other Current Liabilities 4,132
Total Current Liabilities  (as reported)2,331,084
Total Current Liabilities  (calculated)2,261,188
+/- 69,896
Long-term Liabilities
Long term Debt 75,808
Capital Lease Obligations Min Short Term Debt25,162
Long-term Liabilities  (as reported)126,070
Long-term Liabilities  (calculated)100,970
+/- 25,100
Total Stockholder Equity
Retained Earnings 167,962
Total Stockholder Equity (as reported)1,392,189
Total Stockholder Equity (calculated)167,962
+/- 1,224,227
Other
Capital Stock935,593
Common Stock Shares Outstanding 92,671
Net Debt 2,223,147
Net Invested Capital 3,724,914
Net Working Capital 613,595
Property Plant and Equipment Gross 667,484



Balance Sheet

Currency in TWD. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-30
> Total Assets 
1,393,241
1,576,044
1,694,187
1,796,689
1,837,152
2,405,413
2,249,885
2,208,707
2,479,348
2,624,601
2,813,708
3,242,410
3,849,343
3,849,3433,242,4102,813,7082,624,6012,479,3482,208,7072,249,8852,405,4131,837,1521,796,6891,694,1871,576,0441,393,241
   > Total Current Assets 
845,317
985,000
917,218
1,014,458
1,058,614
1,692,842
1,523,295
1,481,503
1,732,176
1,883,129
2,011,549
2,418,131
2,944,679
2,944,6792,418,1312,011,5491,883,1291,732,1761,481,5031,523,2951,692,8421,058,6141,014,458917,218985,000845,317
       Cash And Cash Equivalents 
207,218
336,514
168,045
131,698
95,279
93,844
66,972
236,414
279,426
137,734
64,250
154,147
109,578
109,578154,14764,250137,734279,426236,41466,97293,84495,279131,698168,045336,514207,218
       Short-term Investments 
61,753
53,949
42,122
41,249
43,908
43,868
41,475
37,448
44,045
42,995
42,275
42,615
40,793
40,79342,61542,27542,99544,04537,44841,47543,86843,90841,24942,12253,94961,753
       Net Receivables 
244,169
209,216
301,518
426,157
422,675
1,045,115
804,025
710,963
756,279
97,492
821,403
949,688
15,859
15,859949,688821,40397,492756,279710,963804,0251,045,115422,675426,157301,518209,216244,169
       Inventory 
142,142
327,822
148,218
249,339
260,036
233,463
198,791
174,844
141,461
57,014
140,097
105,306
53,850
53,850105,306140,09757,014141,461174,844198,791233,463260,036249,339148,218327,822142,142
       Other Current Assets 
186,798
56,234
255,227
165,229
235,678
275,447
410,977
320,321
509,658
871,494
941,938
16,742
1,651,912
1,651,91216,742941,938871,494509,658320,321410,977275,447235,678165,229255,22756,234186,798
   > Long-term Assets 
547,924
591,044
776,969
782,231
778,538
712,571
726,590
727,204
747,172
741,472
802,159
824,279
904,664
904,664824,279802,159741,472747,172727,204726,590712,571778,538782,231776,969591,044547,924
       Property Plant Equipment 
339,415
342,400
418,740
527,572
523,883
560,957
536,968
537,581
580,984
581,202
640,763
648,420
667,484
667,484648,420640,763581,202580,984537,581536,968560,957523,883527,572418,740342,400339,415
       Other Assets 
202,115
248,025
357,836
254,273
254,273
151,274
178,772
180,353
156,988
0
0
0
0
0000156,988180,353178,772151,274254,273254,273357,836248,025202,115
> Total Liabilities 
530,501
718,292
835,701
932,569
958,169
1,019,464
836,627
782,848
1,057,146
1,360,309
1,522,286
1,936,716
2,457,154
2,457,1541,936,7161,522,2861,360,3091,057,146782,848836,6271,019,464958,169932,569835,701718,292530,501
   > Total Current Liabilities 
400,303
591,470
711,495
811,152
840,830
833,619
686,970
635,958
903,437
1,210,708
1,377,869
1,835,659
2,331,084
2,331,0841,835,6591,377,8691,210,708903,437635,958686,970833,619840,830811,152711,495591,470400,303
       Short Long Term Debt 
360,460
536,622
659,635
727,238
744,505
707,630
608,456
561,700
851,529
1,174,542
1,331,987
1,783,296
2,256,917
2,256,9171,783,2961,331,9871,174,542851,529561,700608,456707,630744,505727,238659,635536,622360,460
       Accounts payable 
2,003
2,056
7,406
15,612
11,325
546
6,434
2,073
642
143
139
7,309
139
1397,3091391436422,0736,43454611,32515,6127,4062,0562,003
       Other Current Liabilities 
16,811
31,819
20,887
40,411
60,170
72,709
19,104
29,956
36,027
299
31,525
21,994
4,132
4,13221,99431,52529936,02729,95619,10472,70960,17040,41120,88731,81916,811
   > Long-term Liabilities 
130,198
126,822
124,206
121,417
117,339
185,845
149,657
146,890
153,709
149,601
144,417
101,057
126,070
126,070101,057144,417149,601153,709146,890149,657185,845117,339121,417124,206126,822130,198
       Long term Debt 
88,183
84,633
81,083
77,533
73,983
140,633
104,983
99,333
106,613
102,452
98,170
55,547
75,808
75,80855,54798,170102,452106,61399,333104,983140,63373,98377,53381,08384,63388,183
       Capital Lease Obligations Min Short Term Debt
321
445
2,804
4,190
3,818
19,136
18,208
22,528
22,307
22,026
21,012
19,991
25,162
25,16219,99121,01222,02622,30722,52818,20819,1363,8184,1902,804445321
       Other Liabilities 
42,015
42,015
42,015
42,015
42,015
29,033
29,033
29,033
29,033
0
0
0
0
000029,03329,03329,03329,03342,01542,01542,01542,01542,015
> Total Stockholder Equity
862,740
857,752
858,486
864,120
878,983
1,385,949
1,413,258
1,425,859
1,422,202
1,264,292
1,291,422
1,305,694
1,392,189
1,392,1891,305,6941,291,4221,264,2921,422,2021,425,8591,413,2581,385,949878,983864,120858,486857,752862,740
   Common Stock
715,500
715,500
715,500
715,500
715,500
815,500
815,500
815,500
815,500
0
0
0
0
0000815,500815,500815,500815,500715,500715,500715,500715,500715,500
   Retained Earnings 
61,602
55,667
58,078
65,989
81,163
428,625
439,571
338,613
321,020
45,406
70,788
89,069
167,962
167,96289,06970,78845,406321,020338,613439,571428,62581,16365,98958,07855,66761,602
   Capital Surplus 0000000000000
   Treasury Stock0000000000000
   Other Stockholders Equity 
6,510
7,457
5,780
3,503
3,192
5,896
22,259
135,818
137,364
0
0
0
0
0000137,364135,81822,2595,8963,1923,5035,7807,4576,510



Balance Sheet

Currency in TWD. All numbers in thousands.




Cash Flow

Currency in TWD. All numbers in thousands.




Income Statement

Currency in TWD. All numbers in thousands.


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

Gross Profit (+$)
totalRevenue348,185
Cost of Revenue-238,003
Gross Profit110,182110,182
 
Operating Income (+$)
Gross Profit110,182
Operating Expense-311,101
Operating Income37,084-200,919
 
Operating Expense (+$)
Research Development-
Selling General Administrative73,098
Selling And Marketing Expenses-
Operating Expense311,10173,098
 
Net Interest Income (+$)
Interest Income34,130
Interest Expense-29,189
Other Finance Cost-0
Net Interest Income4,941
 
Pretax Income (+$)
Operating Income37,084
Net Interest Income4,941
Other Non-Operating Income Expenses-
Income Before Tax (EBT)-29,52237,084
EBIT - interestExpense = -29,189
-29,579
-390
Interest Expense29,189
Earnings Before Interest and Taxes (EBIT)--333
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax-29,522
Tax Provision-57
Net Income From Continuing Ops-29,579-29,579
Net Income-29,579
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net--4,941
 

Technical Analysis of Wax
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 Wax. The general trend of Wax is BEARISH with 14.3% 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 Wax'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 (-14.3%) Bearish trend (14.3%)
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 Taiwan Wax Co Ltd.

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

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

The bullish price targets are: 16.95 < 17.10 < 17.25.

The bearish price targets are: 16.90 > 16.85 > 15.80.

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Taiwan Wax Co Ltd Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Taiwan Wax Co Ltd. The current mas is .

The long score for the Moving Averages is 6/14.
The longshort score for the Moving Averages is -2/(-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 lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending 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 lower than the MA 200. -1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

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

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

Taiwan Wax Co Ltd Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Taiwan Wax Co Ltd. The current macd is 0.02726852.

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

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Wax price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Wax. 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 Wax price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Taiwan Wax Co Ltd Daily Moving Average Convergence/Divergence (MACD) ChartTaiwan Wax Co Ltd Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Taiwan Wax Co Ltd. The current adx is 18.39.

The long score for the Directional Movement Index (DMI) is 2/7.
The longshort score for the Directional Movement Index (DMI) is 2/(-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 Wax shares, leading to potential upward 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 bullish trend could be forming. +1
Taiwan Wax Co Ltd Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Taiwan Wax Co Ltd. The current sar is 15.89.

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

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Taiwan Wax Co Ltd Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Taiwan Wax Co Ltd. The current rsi is 58.19. The current phase is Correction in bear 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).

  • Correction in bear market: Extended price decline in a downtrend, significant pullback. Consider reducing exposure, wait for signs of trend reversal.
  • Trending down: The RSI is trending down. -1
Taiwan Wax Co Ltd Daily Relative Strength Index (RSI) ChartTaiwan Wax Co Ltd Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Taiwan Wax Co Ltd. The current phase is Overbought in bear market.

The long score for the Stochastic Oscillator is 5/6.
The longshort score for the Stochastic Oscillator is 4/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Wax price going up in the near term. +2
  • Trending down: The STOCH %K is trending down. -1
Taiwan Wax Co Ltd Daily Stochastic Oscillator ChartTaiwan Wax Co Ltd Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Taiwan Wax Co Ltd. The current cci is 86.22.

Taiwan Wax Co Ltd Daily Commodity Channel Index (CCI) ChartTaiwan Wax Co Ltd Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Taiwan Wax Co Ltd. The current cmo is 26.22.

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
Taiwan Wax Co Ltd Daily Chande Momentum Oscillator (CMO) ChartTaiwan Wax Co Ltd Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Taiwan Wax Co Ltd. The current willr is -8.33333333.

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

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

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Taiwan Wax Co Ltd.

Taiwan Wax Co Ltd Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Taiwan Wax Co Ltd. The current atr is 0.2431866.

Taiwan Wax Co Ltd Daily Average True Range (ATR) ChartTaiwan Wax Co Ltd Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Taiwan Wax Co Ltd. The current obv is -3,547,966.

Taiwan Wax Co Ltd Daily On-Balance Volume (OBV) ChartTaiwan Wax Co Ltd Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Taiwan Wax Co Ltd. The current mfi is 51.45.

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
Taiwan Wax Co Ltd Daily Money Flow Index (MFI) ChartTaiwan Wax Co Ltd Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Taiwan Wax Co Ltd.

6.2. Trading Signals

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

DateIndicatorSignal
2023-10-31SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-01DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-11-03DMI 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
2023-11-06STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-07STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-08STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-09STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-10STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-15STOCH 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).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-16RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-20STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-21STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-23SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-24STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-29STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-04STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-05MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-06MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-12-07STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-11MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-12STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-14MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-19STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-20STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-21CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-22WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-25SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-12-26STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-27STOCH 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
2023-12-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-02STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-04STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-08STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-09CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-10STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-11DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-12STOCH 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).
2024-01-15RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-01-16ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-17RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-19ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-23SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-01-24MACD 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.
2024-01-25STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-29DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-30STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-01DMI 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).
2024-02-02STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line 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.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-16CMO 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
2024-02-20SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-23DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-02-26CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-27SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-02-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-04CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-13STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-15MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line 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).
2024-03-19RSI 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).
2024-03-22DMI 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
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-25MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-26STOCH LONG EXITThe %K line crosses below the %D line.

6.3. Candlestick Patterns

Taiwan Wax Co Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Taiwan Wax Co Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5058.193
Ma 20Greater thanMa 5016.618
Ma 50Greater thanMa 10016.608
Ma 100Greater thanMa 20016.923
OpenGreater thanClose16.900
Total2/5 (40.0%)
Penke

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