25 XP   0   0   10

Bright Led Electronics Corp
Buy, Hold or Sell?

Let's analyse Bright Led Electronics Corp together

PenkeI guess you are interested in Bright Led Electronics Corp. 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 Bright Led Electronics Corp. 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.

Get notifications about Bright Led Electronics Corp

I send you an email if I find something interesting about Bright Led Electronics Corp.

Quick analysis of Bright Led Electronics Corp (30 sec.)










What can you expect buying and holding a share of Bright Led Electronics Corp? (30 sec.)

How much money do you get?

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

What is your share worth?

Current worth
NT$17.57
Expected worth in 1 year
NT$18.95
How sure are you?
80.0%

+ What do you gain per year?

Total Gains per Share
NT$4.78
Return On Investment
23.4%

For what price can you sell your share?

Current Price per Share
NT$20.40
Expected price per share
NT$18.55 - NT$22.85
How sure are you?
50%

1. Valuation of Bright Led Electronics Corp (5 min.)




Live pricePrice per Share (EOD)

NT$20.40

Intrinsic Value Per Share

NT$-17.95 - NT$5.13

Total Value Per Share

NT$-0.38 - NT$22.70

2. Growth of Bright Led Electronics Corp (5 min.)




Is Bright Led Electronics Corp growing?

Current yearPrevious yearGrowGrow %
How rich?$95.2m$93.3m$1.8m2.0%

How much money is Bright Led Electronics Corp making?

Current yearPrevious yearGrowGrow %
Making money$5.6m$6.2m-$589.4k-10.4%
Net Profit Margin16.0%13.3%--

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

3. Financial Health of Bright Led Electronics Corp (5 min.)




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




  Industry Rankings (Electronic Components)  


Richest
#324 / 524

Most Revenue
#300 / 524

Most Profit
#169 / 524

What can you expect buying and holding a share of Bright Led Electronics Corp? (5 min.)

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

What can you expect buying and holding a share of Bright Led Electronics Corp?

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

Speculation

The Price per Share of Bright Led Electronics Corp is NT$20.40. 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 Bright Led Electronics Corp.
  • 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 Bright Led Electronics Corp, 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$17.57. Based on the TTM, the Book Value Change Per Share is NT$0.35 per quarter. Based on the YOY, the Book Value Change Per Share is NT$-0.26 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$0.85 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Bright Led Electronics Corp.

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%0.030.2%0.040.2%0.040.2%0.030.1%
Usd Book Value Change Per Share0.010.1%0.010.1%-0.010.0%0.020.1%0.000.0%
Usd Dividend Per Share0.030.1%0.030.1%0.030.2%0.030.1%0.020.1%
Usd Total Gains Per Share0.040.2%0.040.2%0.020.1%0.040.2%0.020.1%
Usd Price Per Share0.58-0.58-0.47-0.58-0.49-
Price to Earnings Ratio17.65-17.65-12.97-16.52-3.92-
Price-to-Total Gains Ratio15.47-15.47-20.34-14.89-10.65-
Price to Book Ratio1.05-1.05-0.87-1.08-0.94-
Price-to-Total Gains Ratio15.47-15.47-20.34-14.89-10.65-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.63852
Number of shares1566
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.030.03
Usd Book Value Change Per Share0.010.02
Usd Total Gains Per Share0.040.04
Gains per Quarter (1566 shares)58.6165.32
Gains per Year (1566 shares)234.44261.30
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
116768224157104251
2333136458314208512
3500203692472312773
46672719266294161034
583333911607865211295
6100040713949436251556
71167474162811007291817
81333542186212578332078
91500610209614159372339
1016676782330157210412600

How sure are you?

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

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%9.01.00.090.0%20.01.01.090.9%
Book Value Change Per Share1.00.00.0100.0%2.01.00.066.7%4.01.00.080.0%6.04.00.060.0%16.06.00.072.7%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%21.00.01.095.5%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%8.02.00.080.0%19.03.00.086.4%

Fundamentals of Bright Led Electronics Corp

About Bright Led Electronics Corp

Bright LED Electronics Corp. manufactures and sells light-emitting diode, indicator lights, displays, and other products in China, Taiwan, Korea, the United States, and internationally. The company offers PCBA products, such as motor, sensor, and LED light bar assemblies; LED components comprising lamps, displays, SMDs, PLCC, and infrared; and LED indoor, outdoor, and specialty lighting products. It also engages in the producing and processing of LED die and artificial crystals; import and export business; and PCB processing activities. The company offers its products for applications in 3C industry, lighting market, automotive market, and other industries. Bright LED Electronics Corp. was founded in 1981 and is based in New Taipei City, Taiwan.

Fundamental data was last updated by Penke on 2024-03-26 02:59:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is less efficient 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 very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

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

1.1. Profitability of Bright Led Electronics Corp.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Bright Led Electronics Corp earns for each NT$1 of revenue.

  • Above 10% is considered healthy but always compare Bright Led Electronics Corp to the Electronic Components industry mean.
  • A Net Profit Margin of 16.0% means that NT$0.16 for each NT$1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Bright Led Electronics Corp:

  • The MRQ is 16.0%. The company is making a huge profit. +2
  • The TTM is 16.0%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ16.0%TTM16.0%0.0%
TTM16.0%YOY13.3%+2.7%
TTM16.0%5Y13.6%+2.4%
5Y13.6%10Y9.7%+4.0%
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ16.0%3.6%+12.4%
TTM16.0%4.1%+11.9%
YOY13.3%5.4%+7.9%
5Y13.6%4.4%+9.2%
10Y9.7%4.8%+4.9%
1.1.2. Return on Assets

Shows how efficient Bright Led Electronics Corp is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Bright Led Electronics Corp to the Electronic Components industry mean.
  • 5.1% Return on Assets means that Bright Led Electronics Corp generated NT$0.05 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Bright Led Electronics Corp:

  • The MRQ is 5.1%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 5.1%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ5.1%TTM5.1%0.0%
TTM5.1%YOY5.6%-0.5%
TTM5.1%5Y5.6%-0.5%
5Y5.6%10Y4.4%+1.2%
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ5.1%0.8%+4.3%
TTM5.1%0.9%+4.2%
YOY5.6%1.3%+4.3%
5Y5.6%1.1%+4.5%
10Y4.4%1.1%+3.3%
1.1.3. Return on Equity

Shows how efficient Bright Led Electronics Corp is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Bright Led Electronics Corp to the Electronic Components industry mean.
  • 6.2% Return on Equity means Bright Led Electronics Corp generated NT$0.06 for each NT$1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Bright Led Electronics Corp:

  • The MRQ is 6.2%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 6.2%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ6.2%TTM6.2%0.0%
TTM6.2%YOY7.0%-0.8%
TTM6.2%5Y7.0%-0.9%
5Y7.0%10Y5.6%+1.4%
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ6.2%1.5%+4.7%
TTM6.2%1.5%+4.7%
YOY7.0%2.5%+4.5%
5Y7.0%2.1%+4.9%
10Y5.6%2.1%+3.5%

1.2. Operating Efficiency of Bright Led Electronics Corp.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Bright Led Electronics Corp is operating .

  • Measures how much profit Bright Led Electronics Corp 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 Bright Led Electronics Corp to the Electronic Components 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 Bright Led Electronics Corp:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY7.8%-7.8%
TTM-5Y6.8%-6.8%
5Y6.8%10Y4.9%+1.9%
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ-5.6%-5.6%
TTM-2.1%-2.1%
YOY7.8%5.3%+2.5%
5Y6.8%5.3%+1.5%
10Y4.9%4.3%+0.6%
1.2.2. Operating Ratio

Measures how efficient Bright Led Electronics Corp is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Electronic Components industry mean).
  • An Operation Ratio of 1.67 means that the operating costs are NT$1.67 for each NT$1 in net sales.

Let's take a look of the Operating Ratio trends of Bright Led Electronics Corp:

  • The MRQ is 1.670. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.670. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.670TTM1.6700.000
TTM1.670YOY1.680-0.010
TTM1.6705Y1.657+0.013
5Y1.65710Y1.723-0.066
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6701.732-0.062
TTM1.6701.729-0.059
YOY1.6801.714-0.034
5Y1.6571.690-0.033
10Y1.7231.487+0.236

1.3. Liquidity of Bright Led Electronics Corp.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Bright Led Electronics Corp is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Electronic Components industry mean).
  • A Current Ratio of 4.39 means the company has NT$4.39 in assets for each NT$1 in short-term debts.

Let's take a look of the Current Ratio trends of Bright Led Electronics Corp:

  • The MRQ is 4.392. The company is very able to pay all its short-term debts. +2
  • The TTM is 4.392. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ4.392TTM4.3920.000
TTM4.392YOY4.331+0.061
TTM4.3925Y4.020+0.372
5Y4.02010Y3.719+0.300
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ4.3921.861+2.531
TTM4.3921.846+2.546
YOY4.3311.849+2.482
5Y4.0201.890+2.130
10Y3.7191.689+2.030
1.3.2. Quick Ratio

Measures if Bright Led Electronics Corp is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Bright Led Electronics Corp to the Electronic Components industry mean.
  • A Quick Ratio of 1.71 means the company can pay off NT$1.71 for each NT$1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Bright Led Electronics Corp:

  • The MRQ is 1.710. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 1.710. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ1.710TTM1.7100.000
TTM1.710YOY1.382+0.329
TTM1.7105Y1.538+0.172
5Y1.53810Y1.653-0.115
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ1.7100.773+0.937
TTM1.7100.759+0.951
YOY1.3820.809+0.573
5Y1.5380.847+0.691
10Y1.6530.882+0.771

1.4. Solvency of Bright Led Electronics Corp.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Bright Led Electronics Corp assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Bright Led Electronics Corp to Electronic Components industry mean.
  • A Debt to Asset Ratio of 0.15 means that Bright Led Electronics Corp assets are financed with 14.7% credit (debt) and the remaining percentage (100% - 14.7%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Bright Led Electronics Corp:

  • The MRQ is 0.147. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.147. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.147TTM0.1470.000
TTM0.147YOY0.163-0.016
TTM0.1475Y0.174-0.026
5Y0.17410Y0.189-0.016
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1470.422-0.275
TTM0.1470.424-0.277
YOY0.1630.445-0.282
5Y0.1740.442-0.268
10Y0.1890.426-0.237
1.4.2. Debt to Equity Ratio

Measures if Bright Led Electronics Corp is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Bright Led Electronics Corp to the Electronic Components industry mean.
  • A Debt to Equity ratio of 17.8% means that company has NT$0.18 debt for each NT$1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Bright Led Electronics Corp:

  • The MRQ is 0.178. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.178. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.178TTM0.1780.000
TTM0.178YOY0.204-0.025
TTM0.1785Y0.219-0.041
5Y0.21910Y0.249-0.030
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1780.748-0.570
TTM0.1780.757-0.579
YOY0.2040.824-0.620
5Y0.2190.822-0.603
10Y0.2490.804-0.555

2. Market Valuation of Bright Led Electronics Corp

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 Bright Led Electronics Corp generates.

  • Above 15 is considered overpriced but always compare Bright Led Electronics Corp to the Electronic Components industry mean.
  • A PE ratio of 17.65 means the investor is paying NT$17.65 for every NT$1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Bright Led Electronics Corp:

  • The EOD is 19.462. Based on the earnings, the company is fair priced.
  • The MRQ is 17.650. Based on the earnings, the company is fair priced.
  • The TTM is 17.650. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD19.462MRQ17.650+1.813
MRQ17.650TTM17.6500.000
TTM17.650YOY12.966+4.684
TTM17.6505Y16.518+1.132
5Y16.51810Y3.922+12.595
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
EOD19.46214.767+4.695
MRQ17.65014.696+2.954
TTM17.65014.600+3.050
YOY12.96612.909+0.057
5Y16.51818.612-2.094
10Y3.92223.001-19.079
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Bright Led Electronics Corp:

  • The EOD is 21.685. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 19.665. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 19.665. Based on how much money comes from the company's main activities, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD21.685MRQ19.665+2.020
MRQ19.665TTM19.6650.000
TTM19.665YOY24.280-4.615
TTM19.6655Y19.496+0.169
5Y19.49610Y24.896-5.400
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
EOD21.6855.304+16.381
MRQ19.6655.406+14.259
TTM19.6652.989+16.676
YOY24.2801.824+22.456
5Y19.4961.629+17.867
10Y24.8961.916+22.980
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Bright Led Electronics Corp is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Electronic Components industry mean).
  • A PB ratio of 1.05 means the investor is paying NT$1.05 for each NT$1 in book value.

Let's take a look of the Price to Book Ratio trends of Bright Led Electronics Corp:

  • The EOD is 1.161. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.053. Based on the equity, the company is underpriced. +1
  • The TTM is 1.053. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.161MRQ1.053+0.108
MRQ1.053TTM1.0530.000
TTM1.053YOY0.871+0.182
TTM1.0535Y1.082-0.029
5Y1.08210Y0.941+0.141
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
EOD1.1611.807-0.646
MRQ1.0531.910-0.857
TTM1.0531.949-0.896
YOY0.8711.921-1.050
5Y1.0822.147-1.065
10Y0.9412.257-1.316
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Bright Led Electronics Corp 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--0.3460.3460%-0.262+176%0.531-35%0.049+599%
Book Value Per Share--17.57017.5700%17.224+2%16.935+4%16.597+6%
Current Ratio--4.3924.3920%4.331+1%4.020+9%3.719+18%
Debt To Asset Ratio--0.1470.1470%0.163-10%0.174-15%0.189-22%
Debt To Equity Ratio--0.1780.1780%0.204-12%0.219-19%0.249-28%
Dividend Per Share--0.8500.8500%1.000-15%0.802+6%0.670+27%
Eps--1.0481.0480%1.157-9%1.142-8%0.888+18%
Free Cash Flow Per Share--0.9410.9410%0.618+52%1.102-15%0.936+0%
Free Cash Flow To Equity Per Share--0.9410.9410%-0.484+152%0.097+872%0.083+1034%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--5.126--------
Intrinsic Value_10Y_min---17.948--------
Intrinsic Value_1Y_max--0.977--------
Intrinsic Value_1Y_min--0.133--------
Intrinsic Value_3Y_max--2.583--------
Intrinsic Value_3Y_min---1.271--------
Intrinsic Value_5Y_max--3.763--------
Intrinsic Value_5Y_min---4.495--------
Market Cap3533341363.200+9%3204255648.0003204255648.0000%2598045120.000+23%3195064400.320+0%2757019505.616+16%
Net Profit Margin--0.1600.1600%0.133+21%0.136+18%0.097+66%
Operating Margin----0%0.078-100%0.068-100%0.049-100%
Operating Ratio--1.6701.6700%1.680-1%1.657+1%1.723-3%
Pb Ratio1.161+9%1.0531.0530%0.871+21%1.082-3%0.941+12%
Pe Ratio19.462+9%17.65017.6500%12.966+36%16.518+7%3.922+350%
Price Per Share20.400+9%18.50018.5000%15.000+23%18.380+1%15.667+18%
Price To Free Cash Flow Ratio21.685+9%19.66519.6650%24.280-19%19.496+1%24.896-21%
Price To Total Gains Ratio17.061+9%15.47215.4720%20.338-24%14.889+4%10.647+45%
Quick Ratio--1.7101.7100%1.382+24%1.538+11%1.653+3%
Return On Assets--0.0510.0510%0.056-9%0.056-9%0.044+16%
Return On Equity--0.0620.0620%0.070-12%0.070-12%0.056+10%
Total Gains Per Share--1.1961.1960%0.738+62%1.333-10%0.720+66%
Usd Book Value--95249624.70095249624.7000%93375443.300+2%92157428.840+3%91426254.580+4%
Usd Book Value Change Per Share--0.0110.0110%-0.008+176%0.017-35%0.002+599%
Usd Book Value Per Share--0.5500.5500%0.539+2%0.530+4%0.519+6%
Usd Dividend Per Share--0.0270.0270%0.031-15%0.025+6%0.021+27%
Usd Eps--0.0330.0330%0.036-9%0.036-8%0.028+18%
Usd Free Cash Flow--5100053.3005100053.3000%3349225.200+52%6005493.440-15%5164252.730-1%
Usd Free Cash Flow Per Share--0.0290.0290%0.019+52%0.034-15%0.029+0%
Usd Free Cash Flow To Equity Per Share--0.0290.0290%-0.015+152%0.003+872%0.003+1034%
Usd Market Cap110593584.668+9%100293201.782100293201.7820%81318812.256+23%100005515.730+0%86294710.526+16%
Usd Price Per Share0.639+9%0.5790.5790%0.470+23%0.575+1%0.490+18%
Usd Profit--5682421.1005682421.1000%6271894.000-9%6221006.460-9%4898415.570+16%
Usd Revenue--35449973.10035449973.1000%47229321.200-25%45779023.180-23%55102326.010-36%
Usd Total Gains Per Share--0.0370.0370%0.023+62%0.042-10%0.023+66%
 EOD+4 -4MRQTTM+0 -0YOY+22 -135Y+17 -1810Y+29 -6

3.2. Fundamental Score

Let's check the fundamental score of Bright Led Electronics Corp based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1519.462
Price to Book Ratio (EOD)Between0-11.161
Net Profit Margin (MRQ)Greater than00.160
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than11.710
Current Ratio (MRQ)Greater than14.392
Debt to Asset Ratio (MRQ)Less than10.147
Debt to Equity Ratio (MRQ)Less than10.178
Return on Equity (MRQ)Greater than0.150.062
Return on Assets (MRQ)Greater than0.050.051
Total6/10 (60.0%)

3.3. Technical Score

Let's check the technical score of Bright Led Electronics Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5062.007
Ma 20Greater thanMa 5019.655
Ma 50Greater thanMa 10019.531
Ma 100Greater thanMa 20018.718
OpenGreater thanClose21.000
Total5/5 (100.0%)



Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in TWD. All numbers in thousands.

Summary
Total Assets3,568,818
Total Liabilities525,699
Total Stockholder Equity2,946,290
 As reported
Total Liabilities 525,699
Total Stockholder Equity+ 2,946,290
Total Assets = 3,568,818

Assets

Total Assets3,568,818
Total Current Assets1,876,387
Long-term Assets1,692,431
Total Current Assets
Cash And Cash Equivalents 612,253
Short-term Investments 264,759
Net Receivables 465,860
Inventory 168,998
Other Current Assets 28,385
Total Current Assets  (as reported)1,876,387
Total Current Assets  (calculated)1,540,255
+/- 336,132
Long-term Assets
Property Plant Equipment 457,651
Long-term Assets Other 75,897
Long-term Assets  (as reported)1,692,431
Long-term Assets  (calculated)533,548
+/- 1,158,883

Liabilities & Shareholders' Equity

Total Current Liabilities427,253
Long-term Liabilities98,446
Total Stockholder Equity2,946,290
Total Current Liabilities
Short Long Term Debt 60,000
Accounts payable 203,159
Other Current Liabilities 4,037
Total Current Liabilities  (as reported)427,253
Total Current Liabilities  (calculated)267,196
+/- 160,057
Long-term Liabilities
Capital Lease Obligations Min Short Term Debt38,661
Long-term Liabilities Other 57,098
Long-term Liabilities  (as reported)98,446
Long-term Liabilities  (calculated)95,759
+/- 2,687
Total Stockholder Equity
Retained Earnings 736,914
Total Stockholder Equity (as reported)2,946,290
Total Stockholder Equity (calculated)736,914
+/- 2,209,376
Other
Capital Stock1,732,032
Common Stock Shares Outstanding 173,203
Net Invested Capital 3,006,290
Net Working Capital 1,449,134
Property Plant and Equipment Gross 457,651



Balance Sheet

Currency in TWD. All numbers in thousands.

 Trend2023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-312003-12-312002-12-31
> Total Assets 
1,338,549
1,897,797
2,108,397
2,431,744
2,759,722
3,990,784
4,666,351
5,080,299
6,142,608
6,175,709
5,291,220
3,757,029
3,878,541
3,772,079
3,739,899
3,512,269
3,354,246
3,533,587
3,480,064
3,665,160
3,565,948
3,568,818
3,568,8183,565,9483,665,1603,480,0643,533,5873,354,2463,512,2693,739,8993,772,0793,878,5413,757,0295,291,2206,175,7096,142,6085,080,2994,666,3513,990,7842,759,7222,431,7442,108,3971,897,7971,338,549
   > Total Current Assets 
0
0
0
0
0
0
0
0
0
0
0
2,428,688
2,358,676
2,224,215
2,276,306
2,107,446
2,027,895
2,018,295
2,007,328
2,100,048
2,170,637
1,876,387
1,876,3872,170,6372,100,0482,007,3282,018,2952,027,8952,107,4462,276,3062,224,2152,358,6762,428,68800000000000
       Cash And Cash Equivalents 
212,626
101,062
115,941
155,062
187,946
341,534
658,293
623,067
1,082,628
1,142,649
1,301,396
729,172
866,609
784,470
727,615
609,366
771,126
783,088
857,309
762,775
877,848
612,253
612,253877,848762,775857,309783,088771,126609,366727,615784,470866,609729,1721,301,3961,142,6491,082,628623,067658,293341,534187,946155,062115,941101,062212,626
       Short-term Investments 
111,802
319,466
226,717
334,506
38,203
189,411
105,009
38,851
810,097
756,622
995,980
5,702
63,747
145,224
388,185
294,314
243,934
185,894
151,156
298,773
234,346
264,759
264,759234,346298,773151,156185,894243,934294,314388,185145,22463,7475,702995,980756,622810,09738,851105,009189,41138,203334,506226,717319,466111,802
       Net Receivables 
421,818
692,402
600,915
836,778
853,136
1,466,198
1,500,890
1,871,703
1,717,832
1,643,785
825,781
1,029,417
1,115,341
932,782
940,429
840,695
732,570
842,651
516,820
487,880
458,103
465,860
465,860458,103487,880516,820842,651732,570840,695940,429932,7821,115,3411,029,417825,7811,643,7851,717,8321,871,7031,500,8901,466,198853,136836,778600,915692,402421,818
       Other Current Assets 
15,277
44,655
139,364
134,971
415,212
67,180
237,126
399,297
509,207
452,255
311,778
299,155
44,726
27,817
94,960
187,450
190,129
158,595
153,047
64,564
279,833
28,385
28,385279,83364,564153,047158,595190,129187,45094,96027,81744,726299,155311,778452,255509,207399,297237,12667,180415,212134,971139,36444,65515,277
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,463,593
1,404,823
1,326,351
1,515,292
1,472,736
1,565,112
1,395,311
1,692,431
1,692,4311,395,3111,565,1121,472,7361,515,2921,326,3511,404,8231,463,59300000000000000
       Property Plant Equipment 
383,212
502,636
603,552
614,922
649,609
1,068,978
1,199,077
1,089,403
1,075,468
1,325,636
1,087,632
959,937
1,127,947
981,283
820,884
718,481
634,949
714,554
608,974
565,956
513,548
457,651
457,651513,548565,956608,974714,554634,949718,481820,884981,2831,127,947959,9371,087,6321,325,6361,075,4681,089,4031,199,0771,068,978649,609614,922603,552502,636383,212
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
278,584
323,469
446,535
565,975
596,199
599,651
760,535
0
0
0
0
0000760,535599,651596,199565,975446,535323,469278,58400000000000
       Intangible Assets 
0
0
0
1,713
1,468
1,223
978
733
488
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000004887339781,2231,4681,713000
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
36,009
53,897
54,176
8,930
97
22,767
25,115
75,897
75,89725,11522,767978,93054,17653,89736,00900000000000000
> Total Liabilities 
261,606
543,034
462,483
528,848
555,388
979,950
1,662,017
1,881,324
2,811,392
2,716,553
2,473,725
799,557
841,698
886,431
821,245
649,537
570,091
686,575
660,500
636,462
582,707
525,699
525,699582,707636,462660,500686,575570,091649,537821,245886,431841,698799,5572,473,7252,716,5532,811,3921,881,3241,662,017979,950555,388528,848462,483543,034261,606
   > Total Current Liabilities 
237,604
522,408
428,998
497,271
499,132
896,139
1,571,983
1,775,959
840,947
679,994
2,359,208
695,086
722,099
738,780
713,414
569,460
516,441
556,064
542,254
519,305
501,224
427,253
427,253501,224519,305542,254556,064516,441569,460713,414738,780722,099695,0862,359,208679,994840,9471,775,9591,571,983896,139499,132497,271428,998522,408237,604
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
0
62,033
9,500
23,515
93,515
68,815
68,815
59,784
0
0
0
0
000059,78468,81568,81593,51523,5159,50062,03300000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
62,033
9,500
23,515
93,515
68,815
68,815
59,784
60,000
60,000
60,000
60,000
60,00060,00060,00060,00059,78468,81568,81593,51523,5159,50062,03300000000000
       Accounts payable 
177,666
429,690
344,281
409,850
426,795
783,938
467,390
805,665
689,351
556,845
367,358
472,472
451,132
364,919
388,655
294,272
259,994
286,593
315,325
263,115
259,837
203,159
203,159259,837263,115315,325286,593259,994294,272388,655364,919451,132472,472367,358556,845689,351805,665467,390783,938426,795409,850344,281429,690177,666
       Other Current Liabilities 
59,938
92,718
84,717
87,421
72,337
112,201
113,593
140,294
147,518
98,954
71,862
222,614
231,467
7,465
17,056
30,510
13,354
2,972
41,234
61,489
165,591
4,037
4,037165,59161,48941,2342,97213,35430,51017,0567,465231,467222,61471,86298,954147,518140,294113,593112,20172,33787,42184,71792,71859,938
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
107,831
80,077
53,650
130,511
118,246
117,157
81,483
98,446
98,44681,483117,157118,246130,51153,65080,077107,83100000000000000
       Capital Lease Obligations Min Short Term Debt
0
0
0
0
0
0
0
0
0
0
0
-62,033
-9,500
-23,515
-93,515
-68,815
-68,815
70,500
71,560
64,532
52,377
38,661
38,66152,37764,53271,56070,500-68,815-68,815-93,515-23,515-9,500-62,03300000000000
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
12,600
17,978
17,459
13,661
14,205
24,861
22,600
57,098
57,09822,60024,86114,20513,66117,45917,97812,60000000000000000
> Total Stockholder Equity
1,076,943
1,354,763
1,645,914
1,902,896
2,204,334
3,010,834
2,871,869
3,071,032
3,210,914
3,162,382
2,591,780
2,687,899
2,737,415
2,649,062
2,719,409
2,719,236
2,664,610
2,731,434
2,699,256
2,906,254
2,862,089
2,946,290
2,946,2902,862,0892,906,2542,699,2562,731,4342,664,6102,719,2362,719,4092,649,0622,737,4152,687,8992,591,7803,162,3823,210,9143,071,0322,871,8693,010,8342,204,3341,902,8961,645,9141,354,7631,076,943
   Common Stock
720,000
820,000
1,046,000
1,250,000
1,450,000
1,680,000
1,834,400
1,946,824
1,966,742
1,966,742
1,966,742
1,966,742
1,966,742
1,966,742
1,966,742
1,866,742
1,866,742
1,866,742
1,816,742
1,816,742
1,732,032
0
01,732,0321,816,7421,816,7421,866,7421,866,7421,866,7421,966,7421,966,7421,966,7421,966,7421,966,7421,966,7421,966,7421,946,8241,834,4001,680,0001,450,0001,250,0001,046,000820,000720,000
   Retained Earnings 
220,921
378,971
450,750
455,637
468,019
673,775
435,799
416,173
591,653
432,795
0
366,707
386,359
269,315
431,797
490,517
440,642
573,929
558,413
672,830
702,196
736,914
736,914702,196672,830558,413573,929440,642490,517431,797269,315386,359366,7070432,795591,653416,173435,799673,775468,019455,637450,750378,971220,921
   Capital Surplus 0000000000000000000000
   Treasury Stock0000000-89,69600000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
0
-97,230
-68,881
-46,910
-48,407
-79,582
-84,382
-1,413
51,649
113,698
40,270
0
040,270113,69851,649-1,413-84,382-79,582-48,407-46,910-68,881-97,23000000000000



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 (+$)
totalRevenue1,132,587
Cost of Revenue-826,067
Gross Profit306,520306,520
 
Operating Income (+$)
Gross Profit306,520
Operating Expense-1,065,642
Operating Income66,945-759,122
 
Operating Expense (+$)
Research Development10,915
Selling General Administrative228,660
Selling And Marketing Expenses0
Operating Expense1,065,642239,575
 
Net Interest Income (+$)
Interest Income9,029
Interest Expense-3,819
Other Finance Cost-0
Net Interest Income5,210
 
Pretax Income (+$)
Operating Income66,945
Net Interest Income5,210
Other Non-Operating Income Expenses0
Income Before Tax (EBT)223,53566,945
EBIT - interestExpense = -3,819
181,547
185,366
Interest Expense3,819
Earnings Before Interest and Taxes (EBIT)0227,354
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax223,535
Tax Provision-45,483
Net Income From Continuing Ops178,052178,052
Net Income181,547
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net0-5,210
 

Technical Analysis of Bright Led Electronics Corp
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 Bright Led Electronics Corp. The general trend of Bright Led Electronics Corp is BULLISH with 85.7% 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 Bright Led Electronics Corp'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 (85.7%) Bearish trend (-85.7%)
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 Bright Led Electronics Corp.

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: 21.20 < 21.40 < 22.85.

The bearish price targets are: 20.70 > 18.65 > 18.55.

Tweet this
Bright Led Electronics Corp 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 Bright Led Electronics Corp. The current mas is .

The long score for the Moving Averages is 13/14.
The longshort score for the Moving Averages is 12/(-14 +14).

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

Bright Led Electronics Corp 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 Bright Led Electronics Corp. The current macd is 0.20026407.

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 Bright Led Electronics Corp price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Bright Led Electronics Corp. 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 Bright Led Electronics Corp 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
Bright Led Electronics Corp Daily Moving Average Convergence/Divergence (MACD) ChartBright Led Electronics Corp 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 Bright Led Electronics Corp. The current adx is 25.80.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-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 Bright Led Electronics Corp shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.
Bright Led Electronics Corp 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 Bright Led Electronics Corp. The current sar is 18.84.

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
Bright Led Electronics Corp 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 Bright Led Electronics Corp. The current rsi is 62.01. The current phase is Continuation in bull market.

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

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
Bright Led Electronics Corp Daily Relative Strength Index (RSI) ChartBright Led Electronics Corp 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 Bright Led Electronics Corp. The current phase is Continuation in bull market.

The long score for the Stochastic Oscillator is 1/6.
The longshort score for the Stochastic Oscillator is -2/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Bright Led Electronics Corp price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Bright Led Electronics Corp Daily Stochastic Oscillator ChartBright Led Electronics Corp 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 Bright Led Electronics Corp. The current cci is 128.36.

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

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
Bright Led Electronics Corp Daily Commodity Channel Index (CCI) ChartBright Led Electronics Corp 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 Bright Led Electronics Corp. The current cmo is 32.95.

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
Bright Led Electronics Corp Daily Chande Momentum Oscillator (CMO) ChartBright Led Electronics Corp 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 Bright Led Electronics Corp. The current willr is -33.33333333.

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 Bright Led Electronics Corp is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Bright Led Electronics Corp Daily Williams %R ChartBright Led Electronics Corp 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 Bright Led Electronics Corp.

Bright Led Electronics Corp 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 Bright Led Electronics Corp. The current atr is 0.56136571.

Bright Led Electronics Corp Daily Average True Range (ATR) ChartBright Led Electronics Corp 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 Bright Led Electronics Corp. The current obv is 23,046,170.

Bright Led Electronics Corp Daily On-Balance Volume (OBV) ChartBright Led Electronics Corp 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 Bright Led Electronics Corp. The current mfi is 76.14.

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
Bright Led Electronics Corp Daily Money Flow Index (MFI) ChartBright Led Electronics Corp Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Bright Led Electronics Corp.

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

6.3. Candlestick Patterns

Bright Led Electronics Corp Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Bright Led Electronics Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5062.007
Ma 20Greater thanMa 5019.655
Ma 50Greater thanMa 10019.531
Ma 100Greater thanMa 20018.718
OpenGreater thanClose21.000
Total5/5 (100.0%)
Penke

Good job! You gained 25 XP and 0   0   10 . What's next:

  • Share my analysis of Bright Led Electronics Corp with someone you think should read this too:
  • Are you bullish or bearish on Bright Led Electronics Corp? Let me know what you think in the comments.
  • Do you want an email if I find something interesting about Bright Led Electronics Corp? Add an email alert using the form below.
  • Join the community if you want to keep your earnings and track your progress: Join the community
  • Is this analysis useful to you? Support me via But Me a Coffee. I'll analyze the stock market faster for you!

Get notifications about Bright Led Electronics Corp

I send you an email if I find something interesting about Bright Led Electronics Corp.


Comments

How you think about this?

Leave a comment

Stay informed about Bright Led Electronics Corp.

Receive notifications about Bright Led Electronics Corp in your mailbox!