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Tecnon Fujian Commercial Lighting Co Ltd
Buy, Hold or Sell?

Let's analyse Tecnon together

PenkeI guess you are interested in Tecnon Fujian Commercial Lighting 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 Tecnon Fujian Commercial Lighting 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 Tecnon (30 sec.)










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

How much money do you get?

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

What is your share worth?

Current worth
¥5.55
Expected worth in 1 year
¥5.84
How sure are you?
89.5%

+ What do you gain per year?

Total Gains per Share
¥0.43
Return On Investment
4.2%

For what price can you sell your share?

Current Price per Share
¥10.27
Expected price per share
¥6.47 - ¥11.79
How sure are you?
50%

1. Valuation of Tecnon (5 min.)




Live pricePrice per Share (EOD)

¥10.27

Intrinsic Value Per Share

¥31.06 - ¥36.64

Total Value Per Share

¥36.61 - ¥42.19

2. Growth of Tecnon (5 min.)




Is Tecnon growing?

Current yearPrevious yearGrowGrow %
How rich?$167.7m$156.2m$5.6m3.5%

How much money is Tecnon making?

Current yearPrevious yearGrowGrow %
Making money$1m$2.2m-$1.1m-110.3%
Net Profit Margin1.2%2.0%--

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

3. Financial Health of Tecnon (5 min.)




4. Comparing to competitors in the Electrical Equipment & Parts industry (5 min.)




  Industry Rankings (Electrical Equipment & Parts)  


Richest
#233 / 464

Most Revenue
#190 / 464

Most Profit
#280 / 464

Most Efficient
#310 / 464

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

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

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

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

Speculation

The Price per Share of Tecnon is ¥10.27. 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 Tecnon.
  • 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 Tecnon, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is ¥5.55. Based on the TTM, the Book Value Change Per Share is ¥0.07 per quarter. Based on the YOY, the Book Value Change Per Share is ¥0.04 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is ¥0.03 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Tecnon.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 ¥% of Price per Share¥% of Price per Share¥% of Price per Share¥% of Price per Share¥% of Price per Share
Usd Eps0.010.1%0.000.0%0.010.1%0.010.1%0.010.1%
Usd Book Value Change Per Share0.010.1%0.010.1%0.010.1%0.040.4%0.040.4%
Usd Dividend Per Share0.000.0%0.000.0%0.010.1%0.000.0%0.000.0%
Usd Total Gains Per Share0.010.1%0.010.1%0.010.1%0.040.4%0.040.4%
Usd Price Per Share1.77-1.67-1.99-1.63-1.63-
Price to Earnings Ratio49.06-109.59-51.60-59.75-59.75-
Price-to-Total Gains Ratio137.18-696.71-200.86-119.76-119.76-
Price to Book Ratio2.31-2.25-2.79-3.34-3.34-
Price-to-Total Gains Ratio137.18-696.71-200.86-119.76-119.76-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share1.421368
Number of shares703
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.010.04
Usd Total Gains Per Share0.010.04
Gains per Quarter (703 shares)10.4531.27
Gains per Year (703 shares)41.79125.07
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
113293211114115
227577423227240
3408611634341365
45311415845455490
56614320057568615
68017124268682740
79320028480796865
810622832691910990
912025736810210231115
1013328541011411371240

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%18.01.00.094.7%18.01.00.094.7%18.01.00.094.7%
Book Value Change Per Share2.02.00.050.0%9.03.00.075.0%13.06.00.068.4%13.06.00.068.4%13.06.00.068.4%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%19.00.00.0100.0%19.00.00.0100.0%19.00.00.0100.0%
Total Gains per Share4.00.00.0100.0%12.00.00.0100.0%17.02.00.089.5%17.02.00.089.5%17.02.00.089.5%

Fundamentals of Tecnon

About Tecnon Fujian Commercial Lighting Co Ltd

Tecnon Electronics Co., Ltd. researches, designs, develops, produces, sells, and services commercial lighting products; and distribution of semiconductor business in China. The company offers lighting fixtures products including track lighting, downlight, recessed lights, light bar, strip light, and panel light; LED products, such as commercial and rental display, smart all in one, visual display, and smart light pole screen. In addition, it also provides advertising display products comprising decorative lighting, advertising light box, luminous logo, and linear lighting, which includes rigid light and ultra-thin light box; and double-sided, single-sided, and special-shaped card cloth light box. Further, the company serves retail, educational, hotel/villa, industrial, LED, and luminous lighting applications. The company was formerly known as Tecnon (Fujian) Commercial Lighting Co., Ltd. and changed its name to Tecnon Electronics Co., Ltd. in December 2021. The company was founded in 2002 and is headquartered in Zhangzhou, China.

Fundamental data was last updated by Penke on 2024-03-11 03:23:03.

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 operating less efficient.
The company is inefficient 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 underpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Tecnon Fujian Commercial Lighting Co Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Tecnon earns for each ¥1 of revenue.

  • Above 10% is considered healthy but always compare Tecnon to the Electrical Equipment & Parts industry mean.
  • A Net Profit Margin of 2.0% means that ¥0.02 for each ¥1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Tecnon Fujian Commercial Lighting Co Ltd:

  • The MRQ is 2.0%. The company is making a profit. +1
  • The TTM is 1.2%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ2.0%TTM1.2%+0.8%
TTM1.2%YOY2.0%-0.8%
TTM1.2%5Y3.4%-2.2%
5Y3.4%10Y3.4%0.0%
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ2.0%3.7%-1.7%
TTM1.2%3.7%-2.5%
YOY2.0%3.3%-1.3%
5Y3.4%3.2%+0.2%
10Y3.4%3.4%0.0%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Tecnon to the Electrical Equipment & Parts industry mean.
  • 0.6% Return on Assets means that Tecnon generated ¥0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Tecnon Fujian Commercial Lighting Co Ltd:

  • The MRQ is 0.6%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.3%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.6%TTM0.3%+0.3%
TTM0.3%YOY0.7%-0.4%
TTM0.3%5Y0.9%-0.6%
5Y0.9%10Y0.9%0.0%
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6%0.9%-0.3%
TTM0.3%1.0%-0.7%
YOY0.7%0.8%-0.1%
5Y0.9%0.9%+0.0%
10Y0.9%1.1%-0.2%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Tecnon to the Electrical Equipment & Parts industry mean.
  • 1.2% Return on Equity means Tecnon generated ¥0.01 for each ¥1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Tecnon Fujian Commercial Lighting Co Ltd:

  • The MRQ is 1.2%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 0.7%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ1.2%TTM0.7%+0.5%
TTM0.7%YOY1.5%-0.8%
TTM0.7%5Y2.0%-1.4%
5Y2.0%10Y2.0%0.0%
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ1.2%1.8%-0.6%
TTM0.7%1.9%-1.2%
YOY1.5%1.7%-0.2%
5Y2.0%1.8%+0.2%
10Y2.0%2.0%+0.0%

1.2. Operating Efficiency of Tecnon Fujian Commercial Lighting Co Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Tecnon is operating .

  • Measures how much profit Tecnon 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 Tecnon to the Electrical Equipment & Parts 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 Tecnon Fujian Commercial Lighting Co Ltd:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM2.6%-2.6%
TTM2.6%YOY3.0%-0.4%
TTM2.6%5Y4.5%-1.9%
5Y4.5%10Y4.5%0.0%
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ-6.7%-6.7%
TTM2.6%3.3%-0.7%
YOY3.0%4.3%-1.3%
5Y4.5%4.8%-0.3%
10Y4.5%3.7%+0.8%
1.2.2. Operating Ratio

Measures how efficient Tecnon is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Electrical Equipment & Parts industry mean).
  • An Operation Ratio of 1.87 means that the operating costs are ¥1.87 for each ¥1 in net sales.

Let's take a look of the Operating Ratio trends of Tecnon Fujian Commercial Lighting Co Ltd:

  • The MRQ is 1.866. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.868. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.866TTM1.868-0.002
TTM1.868YOY1.873-0.005
TTM1.8685Y1.776+0.092
5Y1.77610Y1.7760.000
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ1.8661.656+0.210
TTM1.8681.679+0.189
YOY1.8731.676+0.197
5Y1.7761.631+0.145
10Y1.7761.348+0.428

1.3. Liquidity of Tecnon Fujian Commercial Lighting Co Ltd.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Electrical Equipment & Parts industry mean).
  • A Current Ratio of 1.69 means the company has ¥1.69 in assets for each ¥1 in short-term debts.

Let's take a look of the Current Ratio trends of Tecnon Fujian Commercial Lighting Co Ltd:

  • The MRQ is 1.691. The company is able to pay all its short-term debts. +1
  • The TTM is 1.696. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.691TTM1.696-0.005
TTM1.696YOY1.453+0.244
TTM1.6965Y1.748-0.052
5Y1.74810Y1.7480.000
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6911.912-0.221
TTM1.6961.884-0.188
YOY1.4531.915-0.462
5Y1.7481.994-0.246
10Y1.7481.645+0.103
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Tecnon to the Electrical Equipment & Parts industry mean.
  • A Quick Ratio of 0.25 means the company can pay off ¥0.25 for each ¥1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Tecnon Fujian Commercial Lighting Co Ltd:

  • The MRQ is 0.247. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.711. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.247TTM0.711-0.463
TTM0.711YOY0.441+0.270
TTM0.7115Y0.656+0.055
5Y0.65610Y0.6560.000
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2470.887-0.640
TTM0.7110.893-0.182
YOY0.4410.962-0.521
5Y0.6560.982-0.326
10Y0.6560.985-0.329

1.4. Solvency of Tecnon Fujian Commercial Lighting Co Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Tecnon to Electrical Equipment & Parts industry mean.
  • A Debt to Asset Ratio of 0.50 means that Tecnon assets are financed with 49.6% credit (debt) and the remaining percentage (100% - 49.6%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Tecnon Fujian Commercial Lighting Co Ltd:

  • The MRQ is 0.496. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.460. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.496TTM0.460+0.035
TTM0.460YOY0.511-0.050
TTM0.4605Y0.475-0.015
5Y0.47510Y0.4750.000
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4960.434+0.062
TTM0.4600.448+0.012
YOY0.5110.438+0.073
5Y0.4750.443+0.032
10Y0.4750.432+0.043
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Tecnon to the Electrical Equipment & Parts industry mean.
  • A Debt to Equity ratio of 100.6% means that company has ¥1.01 debt for each ¥1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Tecnon Fujian Commercial Lighting Co Ltd:

  • The MRQ is 1.006. The company is able to pay all its debts with equity. +1
  • The TTM is 0.876. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ1.006TTM0.876+0.130
TTM0.876YOY1.071-0.195
TTM0.8765Y1.095-0.219
5Y1.09510Y1.0950.000
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0060.760+0.246
TTM0.8760.812+0.064
YOY1.0710.799+0.272
5Y1.0950.821+0.274
10Y1.0950.837+0.258

2. Market Valuation of Tecnon Fujian Commercial Lighting Co Ltd

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ¥1 in earnings Tecnon generates.

  • Above 15 is considered overpriced but always compare Tecnon to the Electrical Equipment & Parts industry mean.
  • A PE ratio of 49.06 means the investor is paying ¥49.06 for every ¥1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Tecnon Fujian Commercial Lighting Co Ltd:

  • The EOD is 39.360. Based on the earnings, the company is overpriced. -1
  • The MRQ is 49.057. Based on the earnings, the company is overpriced. -1
  • The TTM is 109.590. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD39.360MRQ49.057-9.696
MRQ49.057TTM109.590-60.534
TTM109.590YOY51.595+57.995
TTM109.5905Y59.749+49.842
5Y59.74910Y59.7490.000
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
EOD39.36014.955+24.405
MRQ49.05713.194+35.863
TTM109.59014.274+95.316
YOY51.59516.023+35.572
5Y59.74917.732+42.017
10Y59.74923.116+36.633
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Tecnon Fujian Commercial Lighting Co Ltd:

  • The EOD is 5.749. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 7.166. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 4,401.775. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD5.749MRQ7.166-1.416
MRQ7.166TTM4,401.775-4,394.609
TTM4,401.775YOY5.916+4,395.859
TTM4,401.7755Y940.893+3,460.882
5Y940.89310Y940.8930.000
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
EOD5.7494.652+1.097
MRQ7.1664.051+3.115
TTM4,401.7752.220+4,399.555
YOY5.916-2.139+8.055
5Y940.893-0.110+941.003
10Y940.8930.056+940.837
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Electrical Equipment & Parts industry mean).
  • A PB ratio of 2.31 means the investor is paying ¥2.31 for each ¥1 in book value.

Let's take a look of the Price to Book Ratio trends of Tecnon Fujian Commercial Lighting Co Ltd:

  • The EOD is 1.850. Based on the equity, the company is underpriced. +1
  • The MRQ is 2.306. Based on the equity, the company is underpriced. +1
  • The TTM is 2.245. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.850MRQ2.306-0.456
MRQ2.306TTM2.245+0.061
TTM2.245YOY2.788-0.543
TTM2.2455Y3.341-1.095
5Y3.34110Y3.3410.000
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
EOD1.8501.912-0.062
MRQ2.3062.042+0.264
TTM2.2452.149+0.096
YOY2.7882.256+0.532
5Y3.3412.376+0.965
10Y3.3412.810+0.531
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Tecnon Fujian Commercial Lighting 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--0.0600.073-18%0.044+37%0.292-79%0.292-79%
Book Value Per Share--5.5515.359+4%5.171+7%3.837+45%3.837+45%
Current Ratio--1.6911.6960%1.453+16%1.748-3%1.748-3%
Debt To Asset Ratio--0.4960.460+8%0.511-3%0.475+4%0.475+4%
Debt To Equity Ratio--1.0060.876+15%1.071-6%1.095-8%1.095-8%
Dividend Per Share--0.0330.034-2%0.044-24%0.029+14%0.029+14%
Eps--0.0650.035+86%0.074-11%0.068-5%0.068-5%
Free Cash Flow Per Share--0.4470.292+53%0.680-34%0.264+69%0.264+69%
Free Cash Flow To Equity Per Share--0.4470.600-26%0.015+2946%0.236+90%0.236+90%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--36.643--------
Intrinsic Value_10Y_min--31.058--------
Intrinsic Value_1Y_max--2.049--------
Intrinsic Value_1Y_min--2.012--------
Intrinsic Value_3Y_max--7.394--------
Intrinsic Value_3Y_min--7.034--------
Intrinsic Value_5Y_max--14.230--------
Intrinsic Value_5Y_min--13.101--------
Market Cap2241899920.000-25%2794190412.8002631014058.615+6%3142390394.553-11%2568416560.372+9%2568416560.372+9%
Net Profit Margin--0.0200.012+70%0.020+3%0.034-40%0.034-40%
Operating Margin---0.026-100%0.030-100%0.045-100%0.045-100%
Operating Ratio--1.8661.8680%1.8730%1.776+5%1.776+5%
Pb Ratio1.850-25%2.3062.245+3%2.788-17%3.341-31%3.341-31%
Pe Ratio39.360-25%49.057109.590-55%51.595-5%59.749-18%59.749-18%
Price Per Share10.270-25%12.80012.053+6%14.390-11%11.765+9%11.765+9%
Price To Free Cash Flow Ratio5.749-25%7.1664401.775-100%5.916+21%940.893-99%940.893-99%
Price To Total Gains Ratio110.066-25%137.181696.711-80%200.859-32%119.763+15%119.763+15%
Quick Ratio--0.2470.711-65%0.441-44%0.656-62%0.656-62%
Return On Assets--0.0060.003+73%0.007-15%0.009-36%0.009-36%
Return On Equity--0.0120.007+83%0.015-18%0.020-41%0.020-41%
Total Gains Per Share--0.0930.107-13%0.088+6%0.321-71%0.321-71%
Usd Book Value--167703876.661161915332.312+4%156280809.377+7%115931756.769+45%115931756.769+45%
Usd Book Value Change Per Share--0.0080.010-18%0.006+37%0.040-79%0.040-79%
Usd Book Value Per Share--0.7680.742+4%0.716+7%0.531+45%0.531+45%
Usd Dividend Per Share--0.0050.005-2%0.006-24%0.004+14%0.004+14%
Usd Eps--0.0090.005+86%0.010-11%0.009-5%0.009-5%
Usd Free Cash Flow--13492248.3288826787.048+53%20550209.598-34%7984527.449+69%7984527.449+69%
Usd Free Cash Flow Per Share--0.0620.040+53%0.094-34%0.037+69%0.037+69%
Usd Free Cash Flow To Equity Per Share--0.0620.083-26%0.002+2946%0.033+90%0.033+90%
Usd Market Cap310278948.928-25%386715953.132364132345.712+6%434906830.606-11%355468851.956+9%355468851.956+9%
Usd Price Per Share1.421-25%1.7721.668+6%1.992-11%1.628+9%1.628+9%
Usd Profit--1970762.5781056981.896+86%2223117.333-11%2064023.393-5%2064023.393-5%
Usd Revenue--97953787.76191877440.785+7%116686564.799-16%85210813.113+15%85210813.113+15%
Usd Total Gains Per Share--0.0130.015-13%0.012+6%0.044-71%0.044-71%
 EOD+4 -4MRQTTM+19 -16YOY+17 -185Y+19 -1610Y+19 -16

3.2. Fundamental Score

Let's check the fundamental score of Tecnon Fujian Commercial Lighting Co Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1539.360
Price to Book Ratio (EOD)Between0-11.850
Net Profit Margin (MRQ)Greater than00.020
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.247
Current Ratio (MRQ)Greater than11.691
Debt to Asset Ratio (MRQ)Less than10.496
Debt to Equity Ratio (MRQ)Less than11.006
Return on Equity (MRQ)Greater than0.150.012
Return on Assets (MRQ)Greater than0.050.006
Total3/10 (30.0%)

3.3. Technical Score

Let's check the technical score of Tecnon Fujian Commercial Lighting Co Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5051.242
Ma 20Greater thanMa 5010.102
Ma 50Greater thanMa 10010.055
Ma 100Greater thanMa 20012.027
OpenGreater thanClose9.680
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
Interest Income  121,1731,185-1,09789537626-1,324-698



Latest Balance Sheet

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

Summary
Total Assets2,404,192
Total Liabilities1,192,459
Total Stockholder Equity1,185,052
 As reported
Total Liabilities 1,192,459
Total Stockholder Equity+ 1,185,052
Total Assets = 2,404,192

Assets

Total Assets2,404,192
Total Current Assets1,513,667
Long-term Assets890,525
Total Current Assets
Cash And Cash Equivalents 151,174
Short-term Investments 4,500
Net Receivables 216,885
Inventory 404,664
Other Current Assets 11,604
Total Current Assets  (as reported)1,513,667
Total Current Assets  (calculated)788,826
+/- 724,840
Long-term Assets
Property Plant Equipment 310,671
Goodwill 491,192
Intangible Assets 14,043
Long-term Assets Other 14,384
Long-term Assets  (as reported)890,525
Long-term Assets  (calculated)830,290
+/- 60,235

Liabilities & Shareholders' Equity

Total Current Liabilities895,025
Long-term Liabilities297,434
Total Stockholder Equity1,185,052
Total Current Liabilities
Short Long Term Debt 354,037
Accounts payable 347,658
Other Current Liabilities 5,311
Total Current Liabilities  (as reported)895,025
Total Current Liabilities  (calculated)707,006
+/- 188,019
Long-term Liabilities
Long term Debt 286,002
Capital Lease Obligations Min Short Term Debt4,065
Long-term Liabilities Other 1,957
Long-term Liabilities  (as reported)297,434
Long-term Liabilities  (calculated)292,025
+/- 5,409
Total Stockholder Equity
Retained Earnings 433,730
Total Stockholder Equity (as reported)1,185,052
Total Stockholder Equity (calculated)433,730
+/- 751,323
Other
Capital Stock218,296
Common Stock Shares Outstanding 218,296
Net Debt 488,866
Net Invested Capital 1,825,092
Net Working Capital 618,642
Property Plant and Equipment Gross 310,671



Balance Sheet

Currency in CNY. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-31
> Total Assets 
729,773
738,396
792,594
834,275
797,925
791,928
1,678,435
1,790,364
1,988,805
2,099,130
2,437,769
2,345,346
2,338,850
2,228,298
2,320,365
2,117,501
1,990,712
2,186,332
2,404,192
2,404,1922,186,3321,990,7122,117,5012,320,3652,228,2982,338,8502,345,3462,437,7692,099,1301,988,8051,790,3641,678,435791,928797,925834,275792,594738,396729,773
   > Total Current Assets 
489,074
463,605
508,173
540,279
499,695
427,726
857,473
962,544
1,162,444
1,259,735
1,588,252
1,464,362
1,445,874
1,341,594
1,438,680
1,215,805
1,094,328
1,288,459
1,513,667
1,513,6671,288,4591,094,3281,215,8051,438,6801,341,5941,445,8741,464,3621,588,2521,259,7351,162,444962,544857,473427,726499,695540,279508,173463,605489,074
       Cash And Cash Equivalents 
69,047
59,105
116,401
210,435
161,221
92,506
95,340
100,730
91,770
111,266
213,971
229,314
334,949
105,623
102,079
171,651
114,034
109,071
151,174
151,174109,071114,034171,651102,079105,623334,949229,314213,971111,26691,770100,73095,34092,506161,221210,435116,40159,10569,047
       Short-term Investments 
0
0
0
36,377
70,000
64,192
14,868
30,000
36,700
18,000
24,700
21,000
16,900
10,900
11,100
1,814
4,500
4,550
4,500
4,5004,5504,5001,81411,10010,90016,90021,00024,70018,00036,70030,00014,86864,19270,00036,377000
       Net Receivables 
121,999
128,043
150,031
166,197
137,113
140,446
512,645
501,864
685,253
594,863
681,252
510,705
420,153
317,833
443,121
486,980
582,608
733,000
216,885
216,885733,000582,608486,980443,121317,833420,153510,705681,252594,863685,253501,864512,645140,446137,113166,197150,031128,043121,999
       Inventory 
115,262
129,264
132,922
114,725
117,622
115,629
218,587
307,427
333,168
511,227
617,180
670,044
622,619
866,157
846,842
511,904
357,368
413,067
404,664
404,664413,067357,368511,904846,842866,157622,619670,044617,180511,227333,168307,427218,587115,629117,622114,725132,922129,264115,262
       Other Current Assets 
162,541
116,861
85,986
12,275
13,738
14,953
16,033
20,954
15,553
22,557
51,150
32,980
51,252
40,006
35,537
43,455
35,818
28,770
11,604
11,60428,77035,81843,45535,53740,00651,25232,98051,15022,55715,55320,95416,03314,95313,73812,27585,986116,861162,541
   > Long-term Assets 
240,699
274,792
284,421
293,996
298,229
364,202
820,961
827,820
826,362
839,395
849,516
880,984
892,976
886,704
881,685
901,696
896,384
897,873
890,525
890,525897,873896,384901,696881,685886,704892,976880,984849,516839,395826,362827,820820,961364,202298,229293,996284,421274,792240,699
       Property Plant Equipment 
186,668
212,829
222,074
242,975
246,485
271,587
275,472
293,238
292,616
303,115
311,237
329,134
340,795
325,291
312,221
321,253
319,658
315,844
310,671
310,671315,844319,658321,253312,221325,291340,795329,134311,237303,115292,616293,238275,472271,587246,485242,975222,074212,829186,668
       Goodwill 
942
942
942
942
942
942
491,192
491,192
491,192
491,192
491,192
491,192
491,192
491,192
491,192
491,192
491,192
491,192
491,192
491,192491,192491,192491,192491,192491,192491,192491,192491,192491,192491,192491,192491,192942942942942942942
       Intangible Assets 
20,325
4,608
20,116
19,890
19,754
19,532
19,310
19,043
18,822
18,695
18,475
17,573
17,351
15,079
13,867
14,713
14,496
14,266
14,043
14,04314,26614,49614,71313,86715,07917,35117,57318,47518,69518,82219,04319,31019,53219,75419,89020,1164,60820,325
       Other Assets 
32,763
40,910
41,290
30,188
31,049
67,141
29,988
19,347
18,732
24,394
26,612
41,070
41,624
53,127
62,391
72,561
69,062
74,595
0
074,59569,06272,56162,39153,12741,62441,07026,61224,39418,73219,34729,98867,14131,04930,18841,29040,91032,763
> Total Liabilities 
197,336
202,089
258,348
287,338
256,564
257,824
1,140,733
1,214,578
1,372,819
1,444,532
1,328,165
1,227,408
1,209,082
1,106,996
1,172,588
982,009
856,934
987,701
1,192,459
1,192,459987,701856,934982,0091,172,5881,106,9961,209,0821,227,4081,328,1651,444,5321,372,8191,214,5781,140,733257,824256,564287,338258,348202,089197,336
   > Total Current Liabilities 
146,585
166,367
177,491
224,064
193,315
212,470
1,095,568
1,161,913
1,330,287
1,376,579
1,291,316
1,179,865
1,017,633
856,664
909,016
792,050
666,652
672,048
895,025
895,025672,048666,652792,050909,016856,6641,017,6331,179,8651,291,3161,376,5791,330,2871,161,9131,095,568212,470193,315224,064177,491166,367146,585
       Short-term Debt 
19,000
19,000
20,000
44,400
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000044,40020,00019,00019,000
       Short Long Term Debt 
19,000
19,000
20,000
44,400
53,400
100,300
237,843
233,359
487,809
408,157
406,526
232,584
330,242
297,526
216,065
335,687
194,920
276,065
354,037
354,037276,065194,920335,687216,065297,526330,242232,584406,526408,157487,809233,359237,843100,30053,40044,40020,00019,00019,000
       Accounts payable 
81,365
98,119
98,508
114,275
86,019
60,498
230,242
361,974
288,770
406,699
505,650
464,570
318,842
330,901
455,872
154,759
195,653
228,532
347,658
347,658228,532195,653154,759455,872330,901318,842464,570505,650406,699288,770361,974230,24260,49886,019114,27598,50898,11981,365
       Other Current Liabilities 
30,000
30,000
35,000
11,976
11,328
10,806
582,673
517,017
526,009
526,114
352,905
438,335
351,477
198,141
216,701
195,589
265,425
39,469
5,311
5,31139,469265,425195,589216,701198,141351,477438,335352,905526,114526,009517,017582,67310,80611,32811,97635,00030,00030,000
   > Long-term Liabilities 
50,752
35,722
80,857
63,274
63,249
45,353
45,165
52,664
42,533
67,953
36,850
47,542
191,449
250,331
263,572
189,959
190,281
315,652
297,434
297,434315,652190,281189,959263,572250,331191,44947,54236,85067,95342,53352,66445,16545,35363,24963,27480,85735,72250,752
       Capital Lease Obligations 
0
0
0
0
0
0
0
0
0
12,549
11,292
10,379
9,978
9,547
7,733
3,376
3,819
4,480
4,065
4,0654,4803,8193,3767,7339,5479,97810,37911,29212,549000000000
       Long-term Liabilities Other 
45,992
30,996
1,166
1,270
1,280
919
766
1,017
969
788
565
1,315
2,756
2,903
2,293
2,233
1,372
1,741
1,957
1,9571,7411,3722,2332,2932,9032,7561,3155657889691,0177669191,2801,2701,16630,99645,992
       Deferred Long Term Liability 
1,067
1,077
4,622
4,370
4,142
3,830
3,902
3,215
3,236
3,526
3,165
3,278
2,869
2,445
2,030
2,470
0
5,965
0
05,96502,4702,0302,4452,8693,2783,1653,5263,2363,2153,9023,8304,1424,3704,6221,0771,067
> Total Stockholder Equity
516,767
518,905
515,643
526,543
521,790
515,269
517,795
555,072
595,774
632,423
1,084,354
1,091,418
1,101,595
1,092,829
1,119,563
1,112,445
1,110,264
1,172,412
1,185,052
1,185,0521,172,4121,110,2641,112,4451,119,5631,092,8291,101,5951,091,4181,084,354632,423595,774555,072517,795515,269521,790526,543515,643518,905516,767
   Common Stock
107,352
107,352
107,352
107,352
107,352
107,352
107,352
107,352
107,352
107,352
128,574
128,574
128,574
218,296
218,296
218,296
0
218,296
0
0218,2960218,296218,296218,296128,574128,574128,574107,352107,352107,352107,352107,352107,352107,352107,352107,352107,352
   Retained Earnings 
214,045
218,920
235,847
270,485
265,732
259,232
262,472
284,363
320,370
359,663
394,596
407,374
431,022
419,725
433,213
436,303
411,396
449,522
433,730
433,730449,522411,396436,303433,213419,725431,022407,374394,596359,663320,370284,363262,472259,232265,732270,485235,847218,920214,045
   Capital Surplus 0000000000000000000
   Treasury Stock0000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
-11,156
-8,870
-13,924
-12,503
-18,654
-20,264
2,264
27,510
17,955
0
37,119
0
037,119017,95527,5102,264-20,264-18,654-12,503-13,924-8,870-11,1560000000



Balance Sheet

Currency in CNY. All numbers in thousands.




Cash Flow

Currency in CNY. All numbers in thousands.




Income Statement

Currency in CNY. All numbers in thousands.


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

Gross Profit (+$)
totalRevenue2,655,417
Cost of Revenue-2,400,741
Gross Profit254,677254,677
 
Operating Income (+$)
Gross Profit254,677
Operating Expense-2,554,828
Operating Income100,589-2,300,151
 
Operating Expense (+$)
Research Development34,437
Selling General Administrative56,008
Selling And Marketing Expenses-
Operating Expense2,554,82890,444
 
Net Interest Income (+$)
Interest Income1,024
Interest Expense-24,470
Other Finance Cost-3,965
Net Interest Income-27,411
 
Pretax Income (+$)
Operating Income100,589
Net Interest Income-27,411
Other Non-Operating Income Expenses-
Income Before Tax (EBT)38,434100,589
EBIT - interestExpense = -24,470
30,549
55,019
Interest Expense24,470
Earnings Before Interest and Taxes (EBIT)-62,904
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax38,434
Tax Provision-6,592
Net Income From Continuing Ops31,84231,842
Net Income30,549
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-27,411
 

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

Indicator phases

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

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

1. Price Targets

1.1 Support & Resistance

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

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


Score

Let's take a look at the Support & Resistance of Tecnon Fujian Commercial Lighting Co Ltd.

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

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

The bullish price targets are: 11.61 < 11.79 < 11.79.

The bearish price targets are: 6.47.

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Tecnon Fujian Commercial Lighting 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 Tecnon Fujian Commercial Lighting Co Ltd. The current mas is .

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

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

Tecnon Fujian Commercial Lighting 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 Tecnon Fujian Commercial Lighting Co Ltd. The current macd is 0.12748449.

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

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Tecnon price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Tecnon. 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 Tecnon price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Tecnon Fujian Commercial Lighting Co Ltd Daily Moving Average Convergence/Divergence (MACD) ChartTecnon Fujian Commercial Lighting 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 Tecnon Fujian Commercial Lighting Co Ltd. The current adx is 18.41.

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

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Tecnon shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Tecnon Fujian Commercial Lighting 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 Tecnon Fujian Commercial Lighting Co Ltd. The current sar is 11.61.

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
Tecnon Fujian Commercial Lighting 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 Tecnon Fujian Commercial Lighting Co Ltd. The current rsi is 51.24. The current phase is Correction in bear market.

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

  • Correction in bear market: Extended price decline in a downtrend, significant pullback. Consider reducing exposure, wait for signs of trend reversal.
  • Trending up: The RSI is trending up. +1
Tecnon Fujian Commercial Lighting Co Ltd Daily Relative Strength Index (RSI) ChartTecnon Fujian Commercial Lighting 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 Tecnon Fujian Commercial Lighting Co Ltd. 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 Tecnon price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Tecnon Fujian Commercial Lighting Co Ltd Daily Stochastic Oscillator ChartTecnon Fujian Commercial Lighting 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 Tecnon Fujian Commercial Lighting Co Ltd. The current cci is 4.36208209.

Tecnon Fujian Commercial Lighting Co Ltd Daily Commodity Channel Index (CCI) ChartTecnon Fujian Commercial Lighting 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 Tecnon Fujian Commercial Lighting Co Ltd. The current cmo is 2.4377297.

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
Tecnon Fujian Commercial Lighting Co Ltd Daily Chande Momentum Oscillator (CMO) ChartTecnon Fujian Commercial Lighting 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 Tecnon Fujian Commercial Lighting Co Ltd. The current willr is -68.

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 Tecnon is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Tecnon Fujian Commercial Lighting Co Ltd Daily Williams %R ChartTecnon Fujian Commercial Lighting 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 Tecnon Fujian Commercial Lighting Co Ltd.

Tecnon Fujian Commercial Lighting 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 Tecnon Fujian Commercial Lighting Co Ltd. The current atr is 0.62143199.

Tecnon Fujian Commercial Lighting Co Ltd Daily Average True Range (ATR) ChartTecnon Fujian Commercial Lighting 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 Tecnon Fujian Commercial Lighting Co Ltd. The current obv is 333,742,647.

Tecnon Fujian Commercial Lighting Co Ltd Daily On-Balance Volume (OBV) ChartTecnon Fujian Commercial Lighting 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 Tecnon Fujian Commercial Lighting Co Ltd. The current mfi is 64.51.

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
Tecnon Fujian Commercial Lighting Co Ltd Daily Money Flow Index (MFI) ChartTecnon Fujian Commercial Lighting Co Ltd Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Tecnon Fujian Commercial Lighting Co Ltd.

6.2. Trading Signals

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

DateIndicatorSignal
2023-11-02SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-03WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-11-06SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2023-11-07STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-09RSI SHORT ENTRY LONG CLOSE70 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-10SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-11-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-11-15STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-16CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-17STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-21STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-22STOCH 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
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-24CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-11-27STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-30STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-01STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-05STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-07DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-12-11STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-13STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-14STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-18DMI 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.
2023-12-19MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-20CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-21WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-22STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-25STOCH 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
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-26STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-27SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-29STOCH 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).
2024-01-03STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-04DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-08CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-09STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-12STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-15CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-22BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-23STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-25RSI LONG ENTRY SHORT CLOSE30 crossover to upside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-29STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-31BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-01STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-05STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-07STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-08STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-19SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-02-22MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-02-23CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-26WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-28STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-29CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-01STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-07CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-08CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-11STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-12DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-14DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-15STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-18DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-20MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-21BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-03-22STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-25SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-26CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-27CMO 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).
2024-03-28STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside

6.3. Candlestick Patterns

Tecnon Fujian Commercial Lighting Co Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Tecnon Fujian Commercial Lighting Co Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5051.242
Ma 20Greater thanMa 5010.102
Ma 50Greater thanMa 10010.055
Ma 100Greater thanMa 20012.027
OpenGreater thanClose9.680
Total2/5 (40.0%)
Penke

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