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Forcecon Technology Co Ltd
Buy, Hold or Sell?

Let's analyse Forcecon together

PenkeI guess you are interested in Forcecon Technology 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 Forcecon Technology 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 Forcecon (30 sec.)










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

How much money do you get?

How much money do you get?
NT$0.12
When do you have the money?
1 year
How often do you get paid?
84.6%

What is your share worth?

Current worth
NT$49.18
Expected worth in 1 year
NT$55.73
How sure are you?
92.3%

+ What do you gain per year?

Total Gains per Share
NT$10.36
Return On Investment
6.8%

For what price can you sell your share?

Current Price per Share
NT$153.00
Expected price per share
NT$138.50 - NT$182.50
How sure are you?
50%

1. Valuation of Forcecon (5 min.)




Live pricePrice per Share (EOD)

NT$153.00

Intrinsic Value Per Share

NT$-39.51 - NT$-48.04

Total Value Per Share

NT$9.66 - NT$1.14

2. Growth of Forcecon (5 min.)




Is Forcecon growing?

Current yearPrevious yearGrowGrow %
How rich?$126.3m$103.6m$7m6.4%

How much money is Forcecon making?

Current yearPrevious yearGrowGrow %
Making money$4.7m$4.7m$56.5k1.2%
Net Profit Margin7.1%7.5%--

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

3. Financial Health of Forcecon (5 min.)




4. Comparing to competitors in the Electronics & Computer Distribution industry (5 min.)




  Industry Rankings (Electronics & Computer Distribution)  


Richest
#47 / 119

Most Revenue
#68 / 119

Most Profit
#38 / 119

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

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

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

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

Speculation

The Price per Share of Forcecon is NT$153.00. 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 Forcecon.
  • 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 Forcecon, 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$49.18. Based on the TTM, the Book Value Change Per Share is NT$1.64 per quarter. Based on the YOY, the Book Value Change Per Share is NT$2.01 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$0.95 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Forcecon.

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 Eps0.100.1%0.060.0%0.060.0%0.050.0%0.050.0%
Usd Book Value Change Per Share0.250.2%0.050.0%0.060.0%0.120.1%0.120.1%
Usd Dividend Per Share0.120.1%0.030.0%0.080.1%0.050.0%0.050.0%
Usd Total Gains Per Share0.370.2%0.080.1%0.140.1%0.170.1%0.170.1%
Usd Price Per Share4.29-2.73-2.34-2.64-2.64-
Price to Earnings Ratio10.47-21.13-10.29-20.83-20.83-
Price-to-Total Gains Ratio11.67-71.84-17.53-57.23-57.23-
Price to Book Ratio2.79-2.00-1.87-2.25-2.25-
Price-to-Total Gains Ratio11.67-71.84-17.53-57.23-57.23-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share4.7889
Number of shares208
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.030.05
Usd Book Value Change Per Share0.050.12
Usd Total Gains Per Share0.080.17
Gains per Quarter (208 shares)16.8634.63
Gains per Year (208 shares)67.45138.52
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
12543574099129
2508512480197268
374128191120296407
499171258160394546
5124213325200493685
6149256392240591824
7173299459280690963
81983415263207881102
92233845933608871241
102484276604009851380

How sure are you?

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

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%13.00.00.0100.0%13.00.00.0100.0%13.00.00.0100.0%
Book Value Change Per Share3.01.00.075.0%10.02.00.083.3%11.02.00.084.6%11.02.00.084.6%11.02.00.084.6%
Dividend per Share2.00.02.050.0%10.00.02.083.3%11.00.02.084.6%11.00.02.084.6%11.00.02.084.6%
Total Gains per Share3.01.00.075.0%11.01.00.091.7%12.01.00.092.3%12.01.00.092.3%12.01.00.092.3%

Fundamentals of Forcecon

About Forcecon Technology Co Ltd

Forcecon Technology Co., Ltd. engages in the research, development, production, and sale of thermal management products in Taiwan and internationally. The company offers DC axial and blower fans, thermal module active and passive products, vapor chambers, and heat pipes for use in computers, VGA, LED lightings, servers, automobiles, smart-phones, and bio-technology science fields. It serves ODM and OEM customers. The company was founded in 1997 and is based in Zhubei, Taiwan.

Fundamental data was last updated by Penke on 2024-03-08 09:23:04.

Financial Health

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

Valuation

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

1.1. Profitability of Forcecon Technology Co Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Forcecon to the Electronics & Computer Distribution industry mean.
  • A Net Profit Margin of 10.7% means that NT$0.11 for each NT$1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Forcecon Technology Co Ltd:

  • The MRQ is 10.7%. The company is making a huge profit. +2
  • The TTM is 7.1%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ10.7%TTM7.1%+3.6%
TTM7.1%YOY7.5%-0.4%
TTM7.1%5Y6.1%+1.0%
5Y6.1%10Y6.1%0.0%
Compared to industry (Electronics & Computer Distribution)
PeriodCompanyIndustry (mean)+/- 
MRQ10.7%1.6%+9.1%
TTM7.1%1.8%+5.3%
YOY7.5%2.7%+4.8%
5Y6.1%2.2%+3.9%
10Y6.1%2.0%+4.1%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Forcecon to the Electronics & Computer Distribution industry mean.
  • 3.2% Return on Assets means that Forcecon generated NT$0.03 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Forcecon Technology Co Ltd:

  • The MRQ is 3.2%. Using its assets, the company is less efficient in making profit.
  • The TTM is 1.9%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ3.2%TTM1.9%+1.3%
TTM1.9%YOY1.9%0.0%
TTM1.9%5Y1.6%+0.3%
5Y1.6%10Y1.6%0.0%
Compared to industry (Electronics & Computer Distribution)
PeriodCompanyIndustry (mean)+/- 
MRQ3.2%1.1%+2.1%
TTM1.9%0.9%+1.0%
YOY1.9%1.6%+0.3%
5Y1.6%1.4%+0.2%
10Y1.6%1.3%+0.3%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Forcecon to the Electronics & Computer Distribution industry mean.
  • 6.7% Return on Equity means Forcecon generated NT$0.07 for each NT$1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Forcecon Technology Co Ltd:

  • The MRQ is 6.7%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 4.2%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ6.7%TTM4.2%+2.5%
TTM4.2%YOY4.6%-0.4%
TTM4.2%5Y3.8%+0.4%
5Y3.8%10Y3.8%0.0%
Compared to industry (Electronics & Computer Distribution)
PeriodCompanyIndustry (mean)+/- 
MRQ6.7%2.4%+4.3%
TTM4.2%2.5%+1.7%
YOY4.6%4.6%0.0%
5Y3.8%3.6%+0.2%
10Y3.8%3.3%+0.5%

1.2. Operating Efficiency of Forcecon Technology Co Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Forcecon is operating .

  • Measures how much profit Forcecon 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 Forcecon to the Electronics & Computer Distribution 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 Forcecon Technology Co Ltd:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM4.3%-4.3%
TTM4.3%YOY4.4%-0.2%
TTM4.3%5Y5.1%-0.8%
5Y5.1%10Y5.1%0.0%
Compared to industry (Electronics & Computer Distribution)
PeriodCompanyIndustry (mean)+/- 
MRQ-2.6%-2.6%
TTM4.3%2.1%+2.2%
YOY4.4%3.6%+0.8%
5Y5.1%3.0%+2.1%
10Y5.1%2.6%+2.5%
1.2.2. Operating Ratio

Measures how efficient Forcecon is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Electronics & Computer Distribution industry mean).
  • An Operation Ratio of 1.65 means that the operating costs are NT$1.65 for each NT$1 in net sales.

Let's take a look of the Operating Ratio trends of Forcecon Technology Co Ltd:

  • The MRQ is 1.648. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.710. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.648TTM1.710-0.062
TTM1.710YOY1.766-0.056
TTM1.7105Y1.737-0.027
5Y1.73710Y1.7370.000
Compared to industry (Electronics & Computer Distribution)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6481.775-0.127
TTM1.7101.733-0.023
YOY1.7661.703+0.063
5Y1.7371.586+0.151
10Y1.7371.341+0.396

1.3. Liquidity of Forcecon Technology Co Ltd.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Electronics & Computer Distribution industry mean).
  • A Current Ratio of 1.62 means the company has NT$1.62 in assets for each NT$1 in short-term debts.

Let's take a look of the Current Ratio trends of Forcecon Technology Co Ltd:

  • The MRQ is 1.618. The company is able to pay all its short-term debts. +1
  • The TTM is 1.520. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.618TTM1.520+0.098
TTM1.520YOY1.449+0.071
TTM1.5205Y1.443+0.078
5Y1.44310Y1.4430.000
Compared to industry (Electronics & Computer Distribution)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6181.643-0.025
TTM1.5201.610-0.090
YOY1.4491.573-0.124
5Y1.4431.558-0.115
10Y1.4431.519-0.076
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Forcecon to the Electronics & Computer Distribution industry mean.
  • A Quick Ratio of 0.95 means the company can pay off NT$0.95 for each NT$1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Forcecon Technology Co Ltd:

  • The MRQ is 0.948. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.839. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.948TTM0.839+0.109
TTM0.839YOY0.801+0.038
TTM0.8395Y0.811+0.028
5Y0.81110Y0.8110.000
Compared to industry (Electronics & Computer Distribution)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9480.811+0.137
TTM0.8390.8390.000
YOY0.8010.859-0.058
5Y0.8110.906-0.095
10Y0.8110.930-0.119

1.4. Solvency of Forcecon Technology Co Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Forcecon to Electronics & Computer Distribution industry mean.
  • A Debt to Asset Ratio of 0.52 means that Forcecon assets are financed with 52.3% credit (debt) and the remaining percentage (100% - 52.3%) is financed by its owners/shareholders. 

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

  • The MRQ is 0.523. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.544. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.523TTM0.544-0.021
TTM0.544YOY0.582-0.038
TTM0.5445Y0.572-0.028
5Y0.57210Y0.5720.000
Compared to industry (Electronics & Computer Distribution)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5230.569-0.046
TTM0.5440.581-0.037
YOY0.5820.570+0.012
5Y0.5720.574-0.002
10Y0.5720.551+0.021
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Forcecon to the Electronics & Computer Distribution industry mean.
  • A Debt to Equity ratio of 109.6% means that company has NT$1.10 debt for each NT$1 in shareholders equity.

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

  • The MRQ is 1.096. The company is able to pay all its debts with equity. +1
  • The TTM is 1.197. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.096TTM1.197-0.101
TTM1.197YOY1.398-0.201
TTM1.1975Y1.346-0.148
5Y1.34610Y1.3460.000
Compared to industry (Electronics & Computer Distribution)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0961.378-0.282
TTM1.1971.383-0.186
YOY1.3981.371+0.027
5Y1.3461.442-0.096
10Y1.3461.503-0.157

2. Market Valuation of Forcecon Technology 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 Forcecon generates.

  • Above 15 is considered overpriced but always compare Forcecon to the Electronics & Computer Distribution industry mean.
  • A PE ratio of 10.47 means the investor is paying NT$10.47 for every NT$1 in earnings.

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

  • The EOD is 11.689. Based on the earnings, the company is underpriced. +1
  • The MRQ is 10.466. Based on the earnings, the company is underpriced. +1
  • The TTM is 21.127. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD11.689MRQ10.466+1.222
MRQ10.466TTM21.127-10.661
TTM21.127YOY10.291+10.836
TTM21.1275Y20.825+0.302
5Y20.82510Y20.8250.000
Compared to industry (Electronics & Computer Distribution)
PeriodCompanyIndustry (mean)+/- 
EOD11.6899.746+1.943
MRQ10.4669.084+1.382
TTM21.1279.555+11.572
YOY10.2919.412+0.879
5Y20.82510.643+10.182
10Y20.82512.787+8.038
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is -18.255. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -16.346. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -3.601. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-18.255MRQ-16.346-1.909
MRQ-16.346TTM-3.601-12.745
TTM-3.601YOY5.185-8.786
TTM-3.6015Y-3.352-0.248
5Y-3.35210Y-3.3520.000
Compared to industry (Electronics & Computer Distribution)
PeriodCompanyIndustry (mean)+/- 
EOD-18.2551.575-19.830
MRQ-16.3461.873-18.219
TTM-3.6011.019-4.620
YOY5.1850.921+4.264
5Y-3.3520.531-3.883
10Y-3.3521.242-4.594
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Electronics & Computer Distribution industry mean).
  • A PB ratio of 2.79 means the investor is paying NT$2.79 for each NT$1 in book value.

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

  • The EOD is 3.111. Based on the equity, the company is fair priced.
  • The MRQ is 2.786. Based on the equity, the company is underpriced. +1
  • The TTM is 1.996. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD3.111MRQ2.786+0.325
MRQ2.786TTM1.996+0.790
TTM1.996YOY1.873+0.123
TTM1.9965Y2.250-0.254
5Y2.25010Y2.2500.000
Compared to industry (Electronics & Computer Distribution)
PeriodCompanyIndustry (mean)+/- 
EOD3.1111.306+1.805
MRQ2.7861.272+1.514
TTM1.9961.297+0.699
YOY1.8731.444+0.429
5Y2.2501.459+0.791
10Y2.2501.520+0.730
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Forcecon Technology 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--7.9371.638+384%2.014+294%3.783+110%3.783+110%
Book Value Per Share--49.17543.093+14%40.338+22%38.277+28%38.277+28%
Current Ratio--1.6181.520+6%1.449+12%1.443+12%1.443+12%
Debt To Asset Ratio--0.5230.544-4%0.582-10%0.572-9%0.572-9%
Debt To Equity Ratio--1.0961.197-8%1.398-22%1.346-19%1.346-19%
Dividend Per Share--3.8060.952+300%2.565+48%1.537+148%1.537+148%
Eps--3.2721.863+76%1.841+78%1.493+119%1.493+119%
Free Cash Flow Per Share---2.0950.376-657%1.114-288%0.143-1567%0.143-1567%
Free Cash Flow To Equity Per Share---2.0950.368-669%-0.132-94%0.549-482%0.549-482%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---48.039--------
Intrinsic Value_10Y_min---39.511--------
Intrinsic Value_1Y_max--0.143--------
Intrinsic Value_1Y_min--0.143--------
Intrinsic Value_3Y_max---3.348--------
Intrinsic Value_3Y_min---3.120--------
Intrinsic Value_5Y_max---11.394--------
Intrinsic Value_5Y_min---10.250--------
Market Cap12564054000.000+10%11250166000.0007173007300.000+57%6147045537.500+83%6935497408.600+62%6935497408.600+62%
Net Profit Margin--0.1070.071+51%0.075+44%0.061+75%0.061+75%
Operating Margin---0.043-100%0.044-100%0.051-100%0.051-100%
Operating Ratio--1.6481.710-4%1.766-7%1.737-5%1.737-5%
Pb Ratio3.111+10%2.7861.996+40%1.873+49%2.250+24%2.250+24%
Pe Ratio11.689+10%10.46621.127-50%10.291+2%20.825-50%20.825-50%
Price Per Share153.000+10%137.00087.350+57%74.856+83%84.458+62%84.458+62%
Price To Free Cash Flow Ratio-18.255-12%-16.346-3.601-78%5.185-415%-3.352-79%-3.352-79%
Price To Total Gains Ratio13.029+10%11.66671.842-84%17.532-33%57.233-80%57.233-80%
Quick Ratio--0.9480.839+13%0.801+18%0.811+17%0.811+17%
Return On Assets--0.0320.019+67%0.019+66%0.016+96%0.016+96%
Return On Equity--0.0670.042+59%0.046+46%0.038+76%0.038+76%
Total Gains Per Share--11.7432.590+353%4.579+156%5.319+121%5.319+121%
Usd Book Value--126394564.500110760433.600+14%103681210.875+22%98383067.700+28%98383067.700+28%
Usd Book Value Change Per Share--0.2480.051+384%0.063+294%0.118+110%0.118+110%
Usd Book Value Per Share--1.5391.349+14%1.263+22%1.198+28%1.198+28%
Usd Dividend Per Share--0.1190.030+300%0.080+48%0.048+148%0.048+148%
Usd Eps--0.1020.058+76%0.058+78%0.047+119%0.047+119%
Usd Free Cash Flow---5385634.500966215.350-657%2862330.225-288%367136.962-1567%367136.962-1567%
Usd Free Cash Flow Per Share---0.0660.012-657%0.035-288%0.004-1567%0.004-1567%
Usd Free Cash Flow To Equity Per Share---0.0660.012-669%-0.004-94%0.017-482%0.017-482%
Usd Market Cap393254890.200+10%352130195.800224515128.490+57%192402525.324+83%217081068.889+62%217081068.889+62%
Usd Price Per Share4.789+10%4.2882.734+57%2.343+83%2.644+62%2.644+62%
Usd Profit--8411092.5004787601.050+76%4731018.475+78%3837107.931+119%3837107.931+119%
Usd Revenue--78282833.70062174797.325+26%63870482.650+23%59824804.762+31%59824804.762+31%
Usd Total Gains Per Share--0.3680.081+353%0.143+156%0.166+121%0.166+121%
 EOD+5 -3MRQTTM+26 -9YOY+25 -105Y+26 -910Y+26 -9

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1511.689
Price to Book Ratio (EOD)Between0-13.111
Net Profit Margin (MRQ)Greater than00.107
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.948
Current Ratio (MRQ)Greater than11.618
Debt to Asset Ratio (MRQ)Less than10.523
Debt to Equity Ratio (MRQ)Less than11.096
Return on Equity (MRQ)Greater than0.150.067
Return on Assets (MRQ)Greater than0.050.032
Total4/10 (40.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5044.758
Ma 20Greater thanMa 50156.750
Ma 50Greater thanMa 100160.890
Ma 100Greater thanMa 200157.045
OpenGreater thanClose158.500
Total3/5 (60.0%)



Latest Balance Sheet

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

Summary
Total Assets8,462,657
Total Liabilities4,424,492
Total Stockholder Equity4,038,165
 As reported
Total Liabilities 4,424,492
Total Stockholder Equity+ 4,038,165
Total Assets = 8,462,657

Assets

Total Assets8,462,657
Total Current Assets6,492,033
Long-term Assets1,970,624
Total Current Assets
Cash And Cash Equivalents 1,312,713
Short-term Investments 138,141
Net Receivables 3,664,102
Inventory 1,185,806
Other Current Assets 190,580
Total Current Assets  (as reported)6,492,033
Total Current Assets  (calculated)6,491,342
+/- 691
Long-term Assets
Property Plant Equipment 1,793,895
Long-term Assets Other 32,121
Long-term Assets  (as reported)1,970,624
Long-term Assets  (calculated)1,826,016
+/- 144,608

Liabilities & Shareholders' Equity

Total Current Liabilities4,012,412
Long-term Liabilities412,080
Total Stockholder Equity4,038,165
Total Current Liabilities
Short Long Term Debt 1,284,312
Accounts payable 1,919,041
Other Current Liabilities 5,811
Total Current Liabilities  (as reported)4,012,412
Total Current Liabilities  (calculated)3,209,164
+/- 803,248
Long-term Liabilities
Long term Debt 92,340
Capital Lease Obligations Min Short Term Debt25,026
Long-term Liabilities Other 44,150
Long-term Liabilities  (as reported)412,080
Long-term Liabilities  (calculated)161,516
+/- 250,564
Total Stockholder Equity
Retained Earnings 1,053,976
Total Stockholder Equity (as reported)4,038,165
Total Stockholder Equity (calculated)1,053,976
+/- 2,984,189
Other
Capital Stock827,177
Common Stock Shares Outstanding 82,118
Net Debt 63,939
Net Invested Capital 5,414,817
Net Working Capital 2,479,621
Property Plant and Equipment Gross 1,793,895



Balance Sheet

Currency in TWD. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-30
> Total Assets 
5,815,215
6,434,747
6,360,558
6,606,247
7,419,067
7,861,168
8,251,233
7,988,757
7,615,578
7,312,973
7,368,652
7,855,699
8,462,657
8,462,6577,855,6997,368,6527,312,9737,615,5787,988,7578,251,2337,861,1687,419,0676,606,2476,360,5586,434,7475,815,215
   > Total Current Assets 
4,225,592
4,533,973
4,451,704
4,661,016
5,441,189
5,845,059
6,069,053
5,842,652
5,464,218
5,363,126
5,409,299
5,924,784
6,492,033
6,492,0335,924,7845,409,2995,363,1265,464,2185,842,6526,069,0535,845,0595,441,1894,661,0164,451,7044,533,9734,225,592
       Cash And Cash Equivalents 
795,048
902,092
880,318
672,352
1,164,507
1,029,883
1,379,851
1,550,824
1,226,634
1,444,038
1,211,970
1,234,815
1,312,713
1,312,7131,234,8151,211,9701,444,0381,226,6341,550,8241,379,8511,029,8831,164,507672,352880,318902,092795,048
       Short-term Investments 
75,638
173,983
184,637
189,231
10,905
15,409
6,453
0
0
133,324
406,967
407,315
138,141
138,141407,315406,967133,324006,45315,40910,905189,231184,637173,98375,638
       Net Receivables 
2,488,871
2,522,853
2,374,068
2,460,431
3,000,918
3,600,772
3,315,621
2,900,742
2,990,460
2,527,541
2,506,349
3,071,291
3,664,102
3,664,1023,071,2912,506,3492,527,5412,990,4602,900,7423,315,6213,600,7723,000,9182,460,4312,374,0682,522,8532,488,871
       Inventory 
832,941
902,328
970,290
1,294,397
1,214,621
1,153,204
1,313,812
1,342,582
1,199,221
1,140,589
1,240,238
1,174,416
1,185,806
1,185,8061,174,4161,240,2381,140,5891,199,2211,342,5821,313,8121,153,2041,214,6211,294,397970,290902,328832,941
       Other Current Assets 
62,950
72,477
6,083
4,285
6,700
19,407
11,285
6,676
7,014
116,943
8,383
7,073
190,580
190,5807,0738,383116,9437,0146,67611,28519,4076,7004,2856,08372,47762,950
   > Long-term Assets 
1,589,623
1,900,774
1,908,854
1,945,231
1,977,878
2,016,109
2,182,180
2,146,105
2,151,360
1,949,847
1,959,353
1,930,915
1,970,624
1,970,6241,930,9151,959,3531,949,8472,151,3602,146,1052,182,1802,016,1091,977,8781,945,2311,908,8541,900,7741,589,623
       Property Plant Equipment 
1,209,352
1,526,371
1,526,038
1,571,060
1,593,917
1,682,795
1,756,759
1,756,058
1,831,048
1,766,334
1,761,781
1,746,572
1,793,895
1,793,8951,746,5721,761,7811,766,3341,831,0481,756,0581,756,7591,682,7951,593,9171,571,0601,526,0381,526,3711,209,352
       Other Assets 
348,853
208,427
217,890
214,848
228,525
179,512
177,831
147,590
127,133
111,012
153,802
178,013
0
0178,013153,802111,012127,133147,590177,831179,512228,525214,848217,890208,427348,853
> Total Liabilities 
3,199,367
3,723,343
3,753,151
3,922,129
4,580,550
4,657,512
5,016,446
4,677,193
4,115,590
3,795,992
4,155,486
4,469,323
4,424,492
4,424,4924,469,3234,155,4863,795,9924,115,5904,677,1935,016,4464,657,5124,580,5503,922,1293,753,1513,723,3433,199,367
   > Total Current Liabilities 
2,841,952
3,346,403
3,361,283
3,534,178
3,910,123
3,988,627
4,334,897
3,996,018
3,722,775
3,420,575
3,768,261
4,059,148
4,012,412
4,012,4124,059,1483,768,2613,420,5753,722,7753,996,0184,334,8973,988,6273,910,1233,534,1783,361,2833,346,4032,841,952
       Short Long Term Debt 
879,403
1,241,648
1,141,518
1,036,447
1,235,949
1,188,808
1,255,598
1,248,281
1,356,124
1,260,680
1,168,537
1,324,462
1,284,312
1,284,3121,324,4621,168,5371,260,6801,356,1241,248,2811,255,5981,188,8081,235,9491,036,4471,141,5181,241,648879,403
       Accounts payable 
1,504,505
1,563,505
1,541,255
1,811,810
1,905,841
2,049,730
2,177,952
1,831,061
1,603,428
1,419,865
1,591,803
1,684,115
1,919,041
1,919,0411,684,1151,591,8031,419,8651,603,4281,831,0612,177,9522,049,7301,905,8411,811,8101,541,2551,563,5051,504,505
       Other Current Liabilities 
69,881
59,122
183,762
189,139
215,054
116,263
292,372
314,050
117,326
4,516
422,520
435,357
5,811
5,811435,357422,5204,516117,326314,050292,372116,263215,054189,139183,76259,12269,881
   > Long-term Liabilities 
357,415
376,940
391,868
387,951
670,427
668,885
681,549
681,175
392,815
375,417
387,225
410,175
412,080
412,080410,175387,225375,417392,815681,175681,549668,885670,427387,951391,868376,940357,415
       Long term Debt 
123,799
114,560
113,260
111,960
396,097
396,003
395,881
394,452
102,820
100,200
97,580
94,960
92,340
92,34094,96097,580100,200102,820394,452395,881396,003396,097111,960113,260114,560123,799
       Capital Lease Obligations Min Short Term Debt
24,943
29,373
29,563
27,595
25,703
23,892
21,988
31,275
30,789
28,446
26,234
23,828
25,026
25,02623,82826,23428,44630,78931,27521,98823,89225,70327,59529,56329,37324,943
       Other Liabilities 
215,458
240,274
256,617
255,959
256,159
256,429
271,125
263,985
268,242
255,781
272,472
300,349
0
0300,349272,472255,781268,242263,985271,125256,429256,159255,959256,617240,274215,458
       Long-term Liabilities Other 
349
104
104
104
64
152
158
2,037
828
399
13,294
42,820
44,150
44,15042,82013,2943998282,03715815264104104104349
> Total Stockholder Equity
2,615,848
2,711,404
2,607,407
2,684,118
2,838,517
3,203,656
3,234,787
3,311,564
3,499,988
3,516,981
3,213,166
3,386,376
4,038,165
4,038,1653,386,3763,213,1663,516,9813,499,9883,311,5643,234,7873,203,6562,838,5172,684,1182,607,4072,711,4042,615,848
   Common Stock
705,224
706,861
706,861
706,861
743,229
778,599
779,109
779,615
781,200
781,290
781,465
782,305
0
0782,305781,465781,290781,200779,615779,109778,599743,229706,861706,861706,861705,224
   Retained Earnings 
643,218
680,664
588,866
679,190
745,023
903,997
844,544
955,284
1,115,869
1,168,938
887,855
1,146,417
1,053,976
1,053,9761,146,417887,8551,168,9381,115,869955,284844,544903,997745,023679,190588,866680,664643,218
   Accumulated Other Comprehensive Income 0000000000000
   Capital Surplus 0000000000000
   Treasury Stock0000000000000



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 (+$)
totalRevenue7,945,661
Cost of Revenue-6,171,948
Gross Profit1,773,7131,773,713
 
Operating Income (+$)
Gross Profit1,773,713
Operating Expense-7,371,446
Operating Income574,215-5,597,733
 
Operating Expense (+$)
Research Development545,763
Selling General Administrative653,735
Selling And Marketing Expenses-
Operating Expense7,371,4461,199,498
 
Net Interest Income (+$)
Interest Income48,420
Interest Expense-41,056
Other Finance Cost-0
Net Interest Income7,364
 
Pretax Income (+$)
Operating Income574,215
Net Interest Income7,364
Other Non-Operating Income Expenses-
Income Before Tax (EBT)713,526574,215
EBIT - interestExpense = -41,056
611,834
652,890
Interest Expense41,056
Earnings Before Interest and Taxes (EBIT)-754,582
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax713,526
Tax Provision-101,692
Net Income From Continuing Ops611,834611,834
Net Income611,834
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--7,364
 

Technical Analysis of Forcecon
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 Forcecon. The general trend of Forcecon is BULLISH with 14.3% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Forcecon's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

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

Indicator zone transitionsBullish trend (14.3%) Bearish trend (-14.3%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

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

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


Score

Let's take a look at the Support & Resistance of Forcecon Technology 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: 179.00 < 182.50.

The bearish price targets are: 143.00 > 142.00 > 138.50.

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Forcecon Technology 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 Forcecon Technology Co Ltd. The current mas is .

The long score for the Moving Averages is 8/14.
The longshort score for the Moving Averages is 2/(-14 +14).

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

Forcecon Technology 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 Forcecon Technology Co Ltd. The current macd is -2.28796721.

The long score for the Moving Average Convergence/Divergence (MACD) is 2/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 0/(-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 Forcecon price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Forcecon. 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 Forcecon price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Forcecon Technology Co Ltd Daily Moving Average Convergence/Divergence (MACD) ChartForcecon Technology 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 Forcecon Technology Co Ltd. The current adx is 18.60.

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 Forcecon 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.
Forcecon Technology 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 Forcecon Technology Co Ltd. The current sar is 144.47.

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
Forcecon Technology 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 Forcecon Technology Co Ltd. The current rsi is 44.76. 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
Forcecon Technology Co Ltd Daily Relative Strength Index (RSI) ChartForcecon Technology 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 Forcecon Technology 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 Forcecon price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Forcecon Technology Co Ltd Daily Stochastic Oscillator ChartForcecon Technology 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 Forcecon Technology Co Ltd. The current cci is -26.16233255.

Forcecon Technology Co Ltd Daily Commodity Channel Index (CCI) ChartForcecon Technology 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 Forcecon Technology Co Ltd. The current cmo is -11.54769456.

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
Forcecon Technology Co Ltd Daily Chande Momentum Oscillator (CMO) ChartForcecon Technology 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 Forcecon Technology Co Ltd. The current willr is -60.

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 Forcecon is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Forcecon Technology Co Ltd Daily Williams %R ChartForcecon Technology 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 Forcecon Technology Co Ltd.

Forcecon Technology 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 Forcecon Technology Co Ltd. The current atr is 6.40947539.

Forcecon Technology Co Ltd Daily Average True Range (ATR) ChartForcecon Technology 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 Forcecon Technology Co Ltd. The current obv is 320,227,799.

Forcecon Technology Co Ltd Daily On-Balance Volume (OBV) ChartForcecon Technology 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 Forcecon Technology Co Ltd. The current mfi is 40.69.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Forcecon Technology Co Ltd Daily Money Flow Index (MFI) ChartForcecon Technology Co Ltd Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Forcecon Technology Co Ltd.

6.2. Trading Signals

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

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

6.3. Candlestick Patterns

Forcecon Technology Co Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5044.758
Ma 20Greater thanMa 50156.750
Ma 50Greater thanMa 100160.890
Ma 100Greater thanMa 200157.045
OpenGreater thanClose158.500
Total3/5 (60.0%)
Penke

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