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Higher Way Electronic Co Ltd
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Let's analyse Higher Way Electronic Co Ltd together

PenkeI guess you are interested in Higher Way Electronic 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 Higher Way Electronic 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 Higher Way Electronic Co Ltd (30 sec.)










What can you expect buying and holding a share of Higher Way Electronic Co Ltd? (30 sec.)

How much money do you get?

How much money do you get?
NT$0.08
When do you have the money?
1 year
How often do you get paid?
83.3%

What is your share worth?

Current worth
NT$15.44
Expected worth in 1 year
NT$24.52
How sure are you?
83.3%

+ What do you gain per year?

Total Gains per Share
NT$11.48
Return On Investment
41.1%

For what price can you sell your share?

Current Price per Share
NT$27.95
Expected price per share
NT$23.36 - NT$38.70
How sure are you?
50%

1. Valuation of Higher Way Electronic Co Ltd (5 min.)




Live pricePrice per Share (EOD)

NT$27.95

Intrinsic Value Per Share

NT$-12.53 - NT$-12.24

Total Value Per Share

NT$2.91 - NT$3.20

2. Growth of Higher Way Electronic Co Ltd (5 min.)




Is Higher Way Electronic Co Ltd growing?

Current yearPrevious yearGrowGrow %
How rich?$16.1m$13.7m$2.3m14.7%

How much money is Higher Way Electronic Co Ltd making?

Current yearPrevious yearGrowGrow %
Making money$1.6m$994.4k$610.4k38.0%
Net Profit Margin4.2%2.1%--

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

3. Financial Health of Higher Way Electronic Co Ltd (5 min.)




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




  Industry Rankings (Semiconductors)  


Richest
#250 / 269

Most Revenue
#148 / 269

Most Profit
#136 / 269

Most Efficient
#134 / 269

What can you expect buying and holding a share of Higher Way Electronic Co Ltd? (5 min.)

Welcome investor! Higher Way Electronic Co Ltd's management wants to use your money to grow the business. In return you get a share of Higher Way Electronic Co Ltd.

What can you expect buying and holding a share of Higher Way Electronic Co Ltd?

First you should know what it really means to hold a share of Higher Way Electronic Co Ltd. And how you can make/lose money.

Speculation

The Price per Share of Higher Way Electronic Co Ltd is NT$27.95. 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 Higher Way Electronic Co Ltd.
  • 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 Higher Way Electronic Co Ltd, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is NT$15.44. Based on the TTM, the Book Value Change Per Share is NT$2.27 per quarter. Based on the YOY, the Book Value Change Per Share is NT$-0.61 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$0.60 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Higher Way Electronic Co Ltd.

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 Eps0.050.2%0.050.2%0.030.1%0.010.1%0.000.0%
Usd Book Value Change Per Share0.070.3%0.070.3%-0.02-0.1%0.000.0%0.080.3%
Usd Dividend Per Share0.020.1%0.020.1%0.020.1%0.020.1%0.010.0%
Usd Total Gains Per Share0.090.3%0.090.3%0.000.0%0.020.1%0.090.3%
Usd Price Per Share0.68-0.68-0.97-0.58-0.54-
Price to Earnings Ratio14.24-14.24-32.56-4.60-2.64-
Price-to-Total Gains Ratio7.61-7.61--278.33-125.57-104.78-
Price to Book Ratio1.42-1.42-2.35-1.31-1.23-
Price-to-Total Gains Ratio7.61-7.61--278.33-125.57-104.78-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.874835
Number of shares1143
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.020.02
Usd Book Value Change Per Share0.070.00
Usd Total Gains Per Share0.090.02
Gains per Quarter (1143 shares)102.6622.37
Gains per Year (1143 shares)410.6589.49
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
186325401741579
217265081214930168
3258974122322345257
43431299163429860346
54291624204537275435
65151949245644690524
760122732867521106613
868725983278595121702
977329233689670136791
1085932484100744151880

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%3.02.00.060.0%3.03.00.050.0%3.03.00.050.0%
Book Value Change Per Share1.00.00.0100.0%1.02.00.033.3%1.04.00.020.0%2.04.00.033.3%2.04.00.033.3%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%5.00.01.083.3%5.00.01.083.3%
Total Gains per Share1.00.00.0100.0%2.01.00.066.7%4.01.00.080.0%5.01.00.083.3%5.01.00.083.3%

Fundamentals of Higher Way Electronic Co Ltd

About Higher Way Electronic Co Ltd

Higher Way Electronic Co., Ltd. engaged in the sales of consumer, multimedia, and micro controller IC in Taiwan, Hong Kong, Mainland China, the United States, and internationally. It develops IC software and firmware; and provides images, wireless transmission, sensors, apps, and algorithms, as well as design services. The company offers video products, such as multimedia processor, dual USB camera, camera module, and thermal image; audio products, that includes electric piano, electronic flipchart, tablet PC, speech recognition, and USB stereo audio; industrial products, such as microcontroller, flash, motor MCU, and wireless charger; touch control; display drivers; and AIoT and RF applications. The company was incorporated in 1991 and is headquartered in Taichung, Taiwan.

Fundamental data was last updated by Penke on 2024-03-08 09:05:05.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a 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 underpriced.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Higher Way Electronic Co Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Higher Way Electronic Co Ltd earns for each NT$1 of revenue.

  • Above 10% is considered healthy but always compare Higher Way Electronic Co Ltd to the Semiconductors industry mean.
  • A Net Profit Margin of 4.2% means that NT$0.04 for each NT$1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Higher Way Electronic Co Ltd:

  • The MRQ is 4.2%. The company is making a profit. +1
  • The TTM is 4.2%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ4.2%TTM4.2%0.0%
TTM4.2%YOY2.1%+2.0%
TTM4.2%5Y1.0%+3.2%
5Y1.0%10Y-0.2%+1.1%
Compared to industry (Semiconductors)
PeriodCompanyIndustry (mean)+/- 
MRQ4.2%5.9%-1.7%
TTM4.2%4.2%0.0%
YOY2.1%10.8%-8.7%
5Y1.0%8.4%-7.4%
10Y-0.2%7.8%-8.0%
1.1.2. Return on Assets

Shows how efficient Higher Way Electronic Co Ltd is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Higher Way Electronic Co Ltd to the Semiconductors industry mean.
  • 5.5% Return on Assets means that Higher Way Electronic Co Ltd generated NT$0.06 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Higher Way Electronic Co Ltd:

  • The MRQ is 5.5%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 5.5%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ5.5%TTM5.5%0.0%
TTM5.5%YOY4.0%+1.5%
TTM5.5%5Y1.9%+3.6%
5Y1.9%10Y0.6%+1.3%
Compared to industry (Semiconductors)
PeriodCompanyIndustry (mean)+/- 
MRQ5.5%0.8%+4.7%
TTM5.5%0.8%+4.7%
YOY4.0%1.9%+2.1%
5Y1.9%1.6%+0.3%
10Y0.6%1.6%-1.0%
1.1.3. Return on Equity

Shows how efficient Higher Way Electronic Co Ltd is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Higher Way Electronic Co Ltd to the Semiconductors industry mean.
  • 9.9% Return on Equity means Higher Way Electronic Co Ltd generated NT$0.10 for each NT$1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Higher Way Electronic Co Ltd:

  • The MRQ is 9.9%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 9.9%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ9.9%TTM9.9%0.0%
TTM9.9%YOY7.2%+2.7%
TTM9.9%5Y3.2%+6.7%
5Y3.2%10Y0.8%+2.4%
Compared to industry (Semiconductors)
PeriodCompanyIndustry (mean)+/- 
MRQ9.9%1.2%+8.7%
TTM9.9%1.4%+8.5%
YOY7.2%3.4%+3.8%
5Y3.2%2.6%+0.6%
10Y0.8%2.6%-1.8%

1.2. Operating Efficiency of Higher Way Electronic Co Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Higher Way Electronic Co Ltd is operating .

  • Measures how much profit Higher Way Electronic Co Ltd 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 Higher Way Electronic Co Ltd to the Semiconductors 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 Higher Way Electronic Co Ltd:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY2.5%-2.5%
TTM-5Y0.3%-0.3%
5Y0.3%10Y-0.3%+0.6%
Compared to industry (Semiconductors)
PeriodCompanyIndustry (mean)+/- 
MRQ-6.4%-6.4%
TTM-2.0%-2.0%
YOY2.5%10.6%-8.1%
5Y0.3%8.8%-8.5%
10Y-0.3%7.3%-7.6%
1.2.2. Operating Ratio

Measures how efficient Higher Way Electronic Co Ltd is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Semiconductors industry mean).
  • An Operation Ratio of 1.91 means that the operating costs are NT$1.91 for each NT$1 in net sales.

Let's take a look of the Operating Ratio trends of Higher Way Electronic Co Ltd:

  • The MRQ is 1.908. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.908. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.908TTM1.9080.000
TTM1.908YOY1.897+0.011
TTM1.9085Y1.916-0.008
5Y1.91610Y1.926-0.009
Compared to industry (Semiconductors)
PeriodCompanyIndustry (mean)+/- 
MRQ1.9081.560+0.348
TTM1.9081.583+0.325
YOY1.8971.431+0.466
5Y1.9161.509+0.407
10Y1.9261.305+0.621

1.3. Liquidity of Higher Way Electronic Co Ltd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Higher Way Electronic Co Ltd is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Semiconductors industry mean).
  • A Current Ratio of 3.72 means the company has NT$3.72 in assets for each NT$1 in short-term debts.

Let's take a look of the Current Ratio trends of Higher Way Electronic Co Ltd:

  • The MRQ is 3.724. The company is very able to pay all its short-term debts. +2
  • The TTM is 3.724. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ3.724TTM3.7240.000
TTM3.724YOY2.186+1.538
TTM3.7245Y2.369+1.355
5Y2.36910Y2.318+0.052
Compared to industry (Semiconductors)
PeriodCompanyIndustry (mean)+/- 
MRQ3.7242.785+0.939
TTM3.7242.801+0.923
YOY2.1862.675-0.489
5Y2.3692.712-0.343
10Y2.3182.400-0.082
1.3.2. Quick Ratio

Measures if Higher Way Electronic Co Ltd is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Higher Way Electronic Co Ltd to the Semiconductors industry mean.
  • A Quick Ratio of 2.76 means the company can pay off NT$2.76 for each NT$1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Higher Way Electronic Co Ltd:

  • The MRQ is 2.765. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 2.765. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ2.765TTM2.7650.000
TTM2.765YOY1.576+1.189
TTM2.7655Y1.751+1.013
5Y1.75110Y1.739+0.013
Compared to industry (Semiconductors)
PeriodCompanyIndustry (mean)+/- 
MRQ2.7651.024+1.741
TTM2.7650.966+1.799
YOY1.5761.051+0.525
5Y1.7511.138+0.613
10Y1.7391.146+0.593

1.4. Solvency of Higher Way Electronic Co Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Higher Way Electronic Co Ltd assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Higher Way Electronic Co Ltd to Semiconductors industry mean.
  • A Debt to Asset Ratio of 0.45 means that Higher Way Electronic Co Ltd assets are financed with 44.6% credit (debt) and the remaining percentage (100% - 44.6%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Higher Way Electronic Co Ltd:

  • The MRQ is 0.446. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.446. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.446TTM0.4460.000
TTM0.446YOY0.447-0.001
TTM0.4465Y0.469-0.023
5Y0.46910Y0.470-0.001
Compared to industry (Semiconductors)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4460.310+0.136
TTM0.4460.321+0.125
YOY0.4470.346+0.101
5Y0.4690.352+0.117
10Y0.4700.344+0.126
1.4.2. Debt to Equity Ratio

Measures if Higher Way Electronic Co Ltd is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Higher Way Electronic Co Ltd to the Semiconductors industry mean.
  • A Debt to Equity ratio of 80.6% means that company has NT$0.81 debt for each NT$1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Higher Way Electronic Co Ltd:

  • The MRQ is 0.806. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.806. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.806TTM0.8060.000
TTM0.806YOY0.810-0.004
TTM0.8065Y0.888-0.083
5Y0.88810Y0.891-0.003
Compared to industry (Semiconductors)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8060.460+0.346
TTM0.8060.499+0.307
YOY0.8100.534+0.276
5Y0.8880.574+0.314
10Y0.8910.605+0.286

2. Market Valuation of Higher Way Electronic Co Ltd

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every NT$1 in earnings Higher Way Electronic Co Ltd generates.

  • Above 15 is considered overpriced but always compare Higher Way Electronic Co Ltd to the Semiconductors industry mean.
  • A PE ratio of 14.24 means the investor is paying NT$14.24 for every NT$1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Higher Way Electronic Co Ltd:

  • The EOD is 18.221. Based on the earnings, the company is fair priced.
  • The MRQ is 14.244. Based on the earnings, the company is underpriced. +1
  • The TTM is 14.244. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD18.221MRQ14.244+3.977
MRQ14.244TTM14.2440.000
TTM14.244YOY32.561-18.317
TTM14.2445Y4.604+9.640
5Y4.60410Y2.637+1.967
Compared to industry (Semiconductors)
PeriodCompanyIndustry (mean)+/- 
EOD18.22117.222+0.999
MRQ14.24416.214-1.970
TTM14.24417.084-2.840
YOY32.56113.923+18.638
5Y4.60419.524-14.920
10Y2.63719.749-17.112
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Higher Way Electronic Co Ltd:

  • The EOD is -35.280. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -27.580. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -27.580. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-35.280MRQ-27.580-7.700
MRQ-27.580TTM-27.5800.000
TTM-27.580YOY-76.706+49.126
TTM-27.5805Y-10.283-17.298
5Y-10.28310Y-6.065-4.218
Compared to industry (Semiconductors)
PeriodCompanyIndustry (mean)+/- 
EOD-35.2807.624-42.904
MRQ-27.5807.836-35.416
TTM-27.5804.821-32.401
YOY-76.7066.468-83.174
5Y-10.2835.057-15.340
10Y-6.0655.204-11.269
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Higher Way Electronic Co Ltd is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Semiconductors industry mean).
  • A PB ratio of 1.42 means the investor is paying NT$1.42 for each NT$1 in book value.

Let's take a look of the Price to Book Ratio trends of Higher Way Electronic Co Ltd:

  • The EOD is 1.810. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.415. Based on the equity, the company is underpriced. +1
  • The TTM is 1.415. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.810MRQ1.415+0.395
MRQ1.415TTM1.4150.000
TTM1.415YOY2.350-0.935
TTM1.4155Y1.309+0.106
5Y1.30910Y1.226+0.083
Compared to industry (Semiconductors)
PeriodCompanyIndustry (mean)+/- 
EOD1.8102.528-0.718
MRQ1.4152.744-1.329
TTM1.4152.695-1.280
YOY2.3502.537-0.187
5Y1.3093.112-1.803
10Y1.2263.209-1.983
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Higher Way Electronic 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--2.2702.2700%-0.611+127%0.105+2054%2.574-12%
Book Value Per Share--15.44115.4410%13.172+17%14.268+8%14.375+7%
Current Ratio--3.7243.7240%2.186+70%2.369+57%2.318+61%
Debt To Asset Ratio--0.4460.4460%0.4470%0.469-5%0.470-5%
Debt To Equity Ratio--0.8060.8060%0.810-1%0.888-9%0.891-10%
Dividend Per Share--0.6000.6000%0.500+20%0.520+15%0.433+38%
Eps--1.5341.5340%0.951+61%0.460+234%0.103+1388%
Free Cash Flow Per Share---0.792-0.7920%-0.403-49%0.009-8754%0.142-658%
Free Cash Flow To Equity Per Share---0.792-0.7920%-0.853+8%-1.320+67%-0.869+10%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---12.240--------
Intrinsic Value_10Y_min---12.531--------
Intrinsic Value_1Y_max---0.073--------
Intrinsic Value_1Y_min---0.313--------
Intrinsic Value_3Y_max---1.098--------
Intrinsic Value_3Y_min---1.762--------
Intrinsic Value_5Y_max---3.183--------
Intrinsic Value_5Y_min---4.102--------
Market Cap934256700.000+22%730358100.000730358100.0000%1034534700.000-29%616375440.000+18%581055300.000+26%
Net Profit Margin--0.0420.0420%0.021+95%0.010+335%-0.002+104%
Operating Margin----0%0.025-100%0.003-100%-0.0030%
Operating Ratio--1.9081.9080%1.897+1%1.9160%1.926-1%
Pb Ratio1.810+22%1.4151.4150%2.350-40%1.309+8%1.226+15%
Pe Ratio18.221+22%14.24414.2440%32.561-56%4.604+209%2.637+440%
Price Per Share27.950+22%21.85021.8500%30.950-29%18.440+18%17.383+26%
Price To Free Cash Flow Ratio-35.280-28%-27.580-27.5800%-76.706+178%-10.283-63%-6.065-78%
Price To Total Gains Ratio9.740+22%7.6147.6140%-278.325+3755%125.573-94%104.779-93%
Quick Ratio--2.7652.7650%1.576+75%1.751+58%1.739+59%
Return On Assets--0.0550.0550%0.040+38%0.019+194%0.006+857%
Return On Equity--0.0990.0990%0.072+38%0.032+207%0.008+1115%
Total Gains Per Share--2.8702.8700%-0.111+104%0.625+359%3.007-5%
Usd Book Value--16155025.50016155025.5000%13780513.600+17%14927326.820+8%15040088.200+7%
Usd Book Value Change Per Share--0.0710.0710%-0.019+127%0.003+2054%0.081-12%
Usd Book Value Per Share--0.4830.4830%0.412+17%0.447+8%0.450+7%
Usd Dividend Per Share--0.0190.0190%0.016+20%0.016+15%0.014+38%
Usd Eps--0.0480.0480%0.030+61%0.014+234%0.003+1388%
Usd Free Cash Flow---828855.300-828855.3000%-422143.100-49%9577.800-8754%148429.817-658%
Usd Free Cash Flow Per Share---0.025-0.0250%-0.013-49%0.000-8754%0.004-658%
Usd Free Cash Flow To Equity Per Share---0.025-0.0250%-0.027+8%-0.041+67%-0.027+10%
Usd Market Cap29242234.710+22%22860208.53022860208.5300%32380936.110-29%19292551.272+18%18187030.890+26%
Usd Price Per Share0.875+22%0.6840.6840%0.969-29%0.577+18%0.544+26%
Usd Profit--1604907.5001604907.5000%994463.600+61%481174.900+234%107833.717+1388%
Usd Revenue--38500252.00038500252.0000%46501940.500-17%35398140.300+9%34608603.017+11%
Usd Total Gains Per Share--0.0900.0900%-0.003+104%0.020+359%0.094-5%
 EOD+5 -3MRQTTM+0 -0YOY+25 -105Y+27 -810Y+23 -11

3.2. Fundamental Score

Let's check the fundamental score of Higher Way Electronic Co Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1518.221
Price to Book Ratio (EOD)Between0-11.810
Net Profit Margin (MRQ)Greater than00.042
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than12.765
Current Ratio (MRQ)Greater than13.724
Debt to Asset Ratio (MRQ)Less than10.446
Debt to Equity Ratio (MRQ)Less than10.806
Return on Equity (MRQ)Greater than0.150.099
Return on Assets (MRQ)Greater than0.050.055
Total6/10 (60.0%)

3.3. Technical Score

Let's check the technical score of Higher Way Electronic Co Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5044.223
Ma 20Greater thanMa 5029.078
Ma 50Greater thanMa 10029.341
Ma 100Greater thanMa 20028.067
OpenGreater thanClose29.100
Total3/5 (60.0%)



Latest Balance Sheet

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

Summary
Total Assets931,945
Total Liabilities415,810
Total Stockholder Equity516,135
 As reported
Total Liabilities 415,810
Total Stockholder Equity+ 516,135
Total Assets = 931,945

Assets

Total Assets931,945
Total Current Assets733,643
Long-term Assets198,302
Total Current Assets
Cash And Cash Equivalents 112,557
Short-term Investments 93,603
Net Receivables 451,011
Other Current Assets 63,899
Total Current Assets  (as reported)733,643
Total Current Assets  (calculated)721,070
+/- 12,573
Long-term Assets
Property Plant Equipment 32,410
Other Assets 118,218
Long-term Assets  (as reported)198,302
Long-term Assets  (calculated)150,628
+/- 47,674

Liabilities & Shareholders' Equity

Total Current Liabilities196,989
Long-term Liabilities218,821
Total Stockholder Equity516,135
Total Current Liabilities
Short Long Term Debt 2,658
Accounts payable 171,685
Other Current Liabilities 21,148
Total Current Liabilities  (as reported)196,989
Total Current Liabilities  (calculated)195,491
+/- 1,498
Long-term Liabilities
Long term Debt 205,450
Capital Lease Obligations Min Short Term Debt4,485
Long-term Liabilities Other 9,219
Long-term Liabilities  (as reported)218,821
Long-term Liabilities  (calculated)219,154
+/- 333
Total Stockholder Equity
Common Stock334,263
Retained Earnings 82,580
Total Stockholder Equity (as reported)516,135
Total Stockholder Equity (calculated)416,843
+/- 99,292
Other
Capital Stock334,263
Common Stock Shares Outstanding 33,426
Net Debt 95,551
Net Invested Capital 724,243
Net Working Capital 536,654
Property Plant and Equipment Gross 32,410



Balance Sheet

Currency in TWD. All numbers in thousands.

 Trend2022-12-312021-12-312020-12-312019-12-312018-12-312017-12-31
> Total Assets 
951,018
950,487
990,208
834,455
796,838
931,945
931,945796,838834,455990,208950,487951,018
   > Total Current Assets 
544,384
511,919
544,743
685,617
686,185
733,643
733,643686,185685,617544,743511,919544,384
       Cash And Cash Equivalents 
81,358
72,300
66,654
171,335
128,319
112,557
112,557128,319171,33566,65472,30081,358
       Short-term Investments 
1,290
933
1,121
34,138
49,534
93,603
93,60349,53434,1381,1219331,290
       Net Receivables 
441,315
406,090
418,631
428,404
445,129
451,011
451,011445,129428,404418,631406,090441,315
       Inventory 
10,892
25,583
44,636
34,098
51,320
40,623
40,62351,32034,09844,63625,58310,892
       Other Current Assets 
9,529
7,013
13,701
50,137
61,355
63,899
63,89961,35550,13713,7017,0139,529
   > Long-term Assets 
406,634
438,568
445,465
148,838
110,653
198,302
198,302110,653148,838445,465438,568406,634
       Property Plant Equipment 
246,164
272,939
275,740
36,401
34,100
32,410
32,41034,10036,401275,740272,939246,164
       Other Assets 
58,653
62,146
66,879
56,331
55,395
118,218
118,21855,39556,33166,87962,14658,653
> Total Liabilities 
452,491
459,655
513,592
373,753
356,566
415,810
415,810356,566373,753513,592459,655452,491
   > Total Current Liabilities 
264,336
253,985
310,059
316,787
313,873
196,989
196,989313,873316,787310,059253,985264,336
       Short Long Term Debt 
79,074
85,571
85,943
19,931
25,212
2,658
2,65825,21219,93185,94385,57179,074
       Accounts payable 
173,084
156,632
209,979
283,630
260,410
171,685
171,685260,410283,630209,979156,632173,084
       Other Current Liabilities 
12,299
10,152
12,257
15,723
20,657
21,148
21,14820,65715,72312,25710,15212,299
   > Long-term Liabilities 
188,155
205,670
203,533
56,966
42,693
218,821
218,82142,69356,966203,533205,670188,155
       Long term Debt 
182,582
200,025
195,743
43,088
32,361
205,450
205,45032,36143,088195,743200,025182,582
       Capital Lease Obligations Min Short Term Debt
0
0
3,231
8,578
5,392
4,485
4,4855,3928,5783,23100
       Other Liabilities 
5,573
5,645
5,100
6,794
6,443
0
06,4436,7945,1005,6455,573
       Long-term Liabilities Other 
5,573
5,645
5,100
6,794
6,443
9,219
9,2196,4436,7945,1005,6455,573
> Total Stockholder Equity
498,527
490,832
476,616
460,702
440,272
516,135
516,135440,272460,702476,616490,832498,527
   Common Stock
334,263
334,263
334,263
334,263
334,263
334,263
334,263334,263334,263334,263334,263334,263
   Retained Earnings 
69,386
51,575
32,970
62,693
78,290
82,580
82,58078,29062,69332,97051,57569,386
   Capital Surplus 000000
   Treasury Stock000000
   Other Stockholders Equity 
65,814
75,930
80,319
34,682
-1,345
0
0-1,34534,68280,31975,93065,814



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 (+$)
totalRevenue1,059,620
Cost of Revenue-992,566
Gross Profit67,05467,054
 
Operating Income (+$)
Gross Profit67,054
Operating Expense-1,071,767
Operating Income-12,147-1,004,713
 
Operating Expense (+$)
Research Development28,167
Selling General Administrative51,034
Selling And Marketing Expenses-
Operating Expense1,071,76779,201
 
Net Interest Income (+$)
Interest Income3,109
Interest Expense-5,944
Other Finance Cost-0
Net Interest Income-2,835
 
Pretax Income (+$)
Operating Income-12,147
Net Interest Income-2,835
Other Non-Operating Income Expenses-
Income Before Tax (EBT)-6,063-12,147
EBIT - interestExpense = -5,944
-4,685
1,259
Interest Expense5,944
Earnings Before Interest and Taxes (EBIT)--119
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax-6,063
Tax Provision--1,378
Net Income From Continuing Ops-4,685-4,685
Net Income-4,685
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-2,835
 

Technical Analysis of Higher Way Electronic Co Ltd
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 Higher Way Electronic Co Ltd. The general trend of Higher Way Electronic Co Ltd is BULLISH with 28.6% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Higher Way Electronic Co Ltd's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

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

Indicator zone transitionsBullish trend (28.6%) Bearish trend (-28.6%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

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

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


Score

Let's take a look at the Support & Resistance of Higher Way Electronic 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: 38.70.

The bearish price targets are: 26.60 > 24.50 > 23.36.

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Higher Way Electronic 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 Higher Way Electronic Co Ltd. The current mas is .

The long score for the Moving Averages is 9/14.
The longshort score for the Moving Averages is 4/(-14 +14).

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

Higher Way Electronic 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 Higher Way Electronic Co Ltd. The current macd is -0.71712905.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Higher Way Electronic Co Ltd price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Higher Way Electronic Co Ltd. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Higher Way Electronic Co Ltd price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending 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
Higher Way Electronic Co Ltd Daily Moving Average Convergence/Divergence (MACD) ChartHigher Way Electronic 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 Higher Way Electronic Co Ltd. The current adx is 16.95.

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 Higher Way Electronic Co Ltd 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.
Higher Way Electronic 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 Higher Way Electronic Co Ltd. The current sar is 26.83.

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
Higher Way Electronic 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 Higher Way Electronic Co Ltd. The current rsi is 44.22. The current phase is Correction in bull market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

  • Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
  • Trending down: The RSI is trending down. -1
Higher Way Electronic Co Ltd Daily Relative Strength Index (RSI) ChartHigher Way Electronic 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 Higher Way Electronic Co Ltd. The current phase is Correction in bull market.

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

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Higher Way Electronic Co Ltd price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Higher Way Electronic Co Ltd Daily Stochastic Oscillator ChartHigher Way Electronic 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 Higher Way Electronic Co Ltd. The current cci is -38.50364393.

Higher Way Electronic Co Ltd Daily Commodity Channel Index (CCI) ChartHigher Way Electronic 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 Higher Way Electronic Co Ltd. The current cmo is -14.27157655.

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

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Higher Way Electronic Co Ltd Daily Chande Momentum Oscillator (CMO) ChartHigher Way Electronic 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 Higher Way Electronic Co Ltd. The current willr is -65.82278481.

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 Higher Way Electronic Co Ltd is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Higher Way Electronic Co Ltd Daily Williams %R ChartHigher Way Electronic 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 Higher Way Electronic Co Ltd.

Higher Way Electronic 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 Higher Way Electronic Co Ltd. The current atr is 1.46657944.

Higher Way Electronic Co Ltd Daily Average True Range (ATR) ChartHigher Way Electronic 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 Higher Way Electronic Co Ltd. The current obv is 27,931,993.

Higher Way Electronic Co Ltd Daily On-Balance Volume (OBV) ChartHigher Way Electronic 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 Higher Way Electronic Co Ltd. The current mfi is 56.07.

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
Higher Way Electronic Co Ltd Daily Money Flow Index (MFI) ChartHigher Way Electronic Co Ltd Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Higher Way Electronic 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
2023-11-01MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-02STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-03STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-06SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-11-08MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-11-10CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-14STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-15CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-20MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-21STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-23STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-24STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-28MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-30MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-01MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-04STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-05CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-06STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-07STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-08MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH 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).
2023-12-11ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-12RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-14MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-15STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-18STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-19SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-21STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-22MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-25CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-26STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-28STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-29CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-02STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-03STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-04DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-01-05STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-08STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-09BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-11STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-17STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-19CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-23MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-25STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-26WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-30MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-01-31DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
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).
2024-02-01ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-02STOCH LONG EXITThe %K line crosses below the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-20RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-02-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-23STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-26STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-29WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-01CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-04RSI 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
2024-03-05SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-03-06MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-03-07CMO 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).
2024-03-08DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-03-11STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-13STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-25DMI 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).
2024-03-26SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-29STOCH LONG EXITThe %K line crosses below the %D line.

6.3. Candlestick Patterns

Higher Way Electronic Co Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Higher Way Electronic Co Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5044.223
Ma 20Greater thanMa 5029.078
Ma 50Greater thanMa 10029.341
Ma 100Greater thanMa 20028.067
OpenGreater thanClose29.100
Total3/5 (60.0%)
Penke

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