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Jinan Acetate Chemical Co Ltd
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PenkeI guess you are interested in Jinan Acetate Chemical 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 Jinan Acetate Chemical 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.

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Quick analysis of Jinan Acetate Chemical Co Ltd (30 sec.)










What can you expect buying and holding a share of Jinan Acetate Chemical Co Ltd? (30 sec.)

How much money do you get?

How much money do you get?
NT$0.00
When do you have the money?
1 year
How often do you get paid?
42.9%

What is your share worth?

Current worth
NT$120.17
Expected worth in 1 year
NT$197.82
How sure are you?
80.0%

+ What do you gain per year?

Total Gains per Share
NT$77.65
Return On Investment
8.6%

For what price can you sell your share?

Current Price per Share
NT$898.00
Expected price per share
NT$827.00 - NT$1,110
How sure are you?
50%

1. Valuation of Jinan Acetate Chemical Co Ltd (5 min.)




Live pricePrice per Share (EOD)

NT$898.00

Intrinsic Value Per Share

NT$1,183.22 - NT$1,414.27

Total Value Per Share

NT$1,303.38 - NT$1,534.43

2. Growth of Jinan Acetate Chemical Co Ltd (5 min.)




Is Jinan Acetate Chemical Co Ltd growing?

Current yearPrevious yearGrowGrow %
How rich?$323.1m$83.3m$137.9m62.3%

How much money is Jinan Acetate Chemical Co Ltd making?

Current yearPrevious yearGrowGrow %
Making money$40.5m$9.7m$30.7m75.9%
Net Profit Margin44.9%30.5%--

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

3. Financial Health of Jinan Acetate Chemical Co Ltd (5 min.)




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




  Industry Rankings (Chemicals)  


Richest
#182 / 319

Most Revenue
#200 / 319

Most Profit
#51 / 319

What can you expect buying and holding a share of Jinan Acetate Chemical Co Ltd? (5 min.)

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

What can you expect buying and holding a share of Jinan Acetate Chemical Co Ltd?

First you should know what it really means to hold a share of Jinan Acetate Chemical Co Ltd. And how you can make/lose money.

Speculation

The Price per Share of Jinan Acetate Chemical Co Ltd is NT$898.00. 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 Jinan Acetate Chemical 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 Jinan Acetate Chemical 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$120.17. Based on the TTM, the Book Value Change Per Share is NT$19.41 per quarter. Based on the YOY, the Book Value Change Per Share is NT$5.86 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is NT$0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Jinan Acetate Chemical 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 Eps0.710.1%0.470.1%0.110.0%0.140.0%0.090.0%
Usd Book Value Change Per Share0.630.1%0.610.1%0.180.0%0.170.0%0.110.0%
Usd Dividend Per Share0.000.0%0.000.0%0.060.0%0.050.0%0.040.0%
Usd Total Gains Per Share0.630.1%0.610.1%0.240.0%0.220.0%0.150.0%
Usd Price Per Share24.98-20.86-3.94-7.69-6.00-
Price to Earnings Ratio8.85-11.71-9.04-23.42-57.90-
Price-to-Total Gains Ratio39.73-46.87--17.22-22.50--122.58-
Price to Book Ratio6.64-8.17-4.08-7.35-7.75-
Price-to-Total Gains Ratio39.73-46.87--17.22-22.50--122.58-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share28.1074
Number of shares35
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.05
Usd Book Value Change Per Share0.610.17
Usd Total Gains Per Share0.610.22
Gains per Quarter (35 shares)21.277.87
Gains per Year (35 shares)85.0631.49
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10857572421
20170160144952
30255245227383
403403302997114
5042541536121145
6051050043146176
7059558550170207
8068167058194238
9076675565219269
10085184072243300

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%19.00.00.0100.0%35.00.00.0100.0%35.00.00.0100.0%
Book Value Change Per Share4.00.00.0100.0%10.02.00.083.3%15.04.00.078.9%26.08.01.074.3%26.08.01.074.3%
Dividend per Share0.00.04.00.0%6.00.06.050.0%10.00.09.052.6%15.00.020.042.9%15.00.020.042.9%
Total Gains per Share4.00.00.0100.0%11.01.00.091.7%17.02.00.089.5%28.06.01.080.0%28.06.01.080.0%

Fundamentals of Jinan Acetate Chemical Co Ltd

About Jinan Acetate Chemical Co Ltd

Jinan Acetate Chemical Co., Ltd. engages in the research and development, production, and sale of cellulose diacetate, cellulose acetate tows, and other related products in Asia, the United States, Africa, and Europe. Its products are used in cigarette filters, water-based pen refills, diaper absorbing lining, and clothes; and glasses frame and tool handles. The company was founded in 1999 and is headquartered in Grand Cayman, the Cayman Islands.

Fundamental data was last updated by Penke on 2024-03-26 08:29:02.

Financial Health

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

Valuation

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

1.1. Profitability of Jinan Acetate Chemical Co Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Jinan Acetate Chemical Co Ltd earns for each NT$1 of revenue.

  • Above 10% is considered healthy but always compare Jinan Acetate Chemical Co Ltd to the Chemicals industry mean.
  • A Net Profit Margin of 50.4% means that NT$0.50 for each NT$1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Jinan Acetate Chemical Co Ltd:

  • The MRQ is 50.4%. The company is making a huge profit. +2
  • The TTM is 44.9%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ50.4%TTM44.9%+5.5%
TTM44.9%YOY30.5%+14.4%
TTM44.9%5Y25.6%+19.4%
5Y25.6%10Y20.6%+4.9%
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ50.4%3.1%+47.3%
TTM44.9%3.6%+41.3%
YOY30.5%6.4%+24.1%
5Y25.6%5.2%+20.4%
10Y20.6%5.6%+15.0%
1.1.2. Return on Assets

Shows how efficient Jinan Acetate Chemical Co Ltd is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Jinan Acetate Chemical Co Ltd to the Chemicals industry mean.
  • 16.1% Return on Assets means that Jinan Acetate Chemical Co Ltd generated NT$0.16 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Jinan Acetate Chemical Co Ltd:

  • The MRQ is 16.1%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 13.4%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ16.1%TTM13.4%+2.8%
TTM13.4%YOY6.8%+6.6%
TTM13.4%5Y6.3%+7.1%
5Y6.3%10Y4.9%+1.4%
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ16.1%0.6%+15.5%
TTM13.4%0.8%+12.6%
YOY6.8%1.5%+5.3%
5Y6.3%1.1%+5.2%
10Y4.9%1.2%+3.7%
1.1.3. Return on Equity

Shows how efficient Jinan Acetate Chemical Co Ltd is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Jinan Acetate Chemical Co Ltd to the Chemicals industry mean.
  • 19.0% Return on Equity means Jinan Acetate Chemical Co Ltd generated NT$0.19 for each NT$1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Jinan Acetate Chemical Co Ltd:

  • The MRQ is 19.0%. Using its investors money, the company is efficient in making profit. +1
  • The TTM is 18.3%. Using its investors money, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ19.0%TTM18.3%+0.6%
TTM18.3%YOY12.9%+5.4%
TTM18.3%5Y11.0%+7.3%
5Y11.0%10Y8.4%+2.6%
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ19.0%1.1%+17.9%
TTM18.3%1.3%+17.0%
YOY12.9%2.9%+10.0%
5Y11.0%2.1%+8.9%
10Y8.4%2.2%+6.2%

1.2. Operating Efficiency of Jinan Acetate Chemical Co Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Jinan Acetate Chemical Co Ltd is operating .

  • Measures how much profit Jinan Acetate Chemical 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 Jinan Acetate Chemical Co Ltd to the Chemicals industry mean.
  • An Operating Margin of 0.0% means the company generated NT$0.00  for each NT$1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Jinan Acetate Chemical Co Ltd:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM23.7%-23.7%
TTM23.7%YOY24.2%-0.6%
TTM23.7%5Y21.0%+2.6%
5Y21.0%10Y11.4%+9.6%
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ-6.0%-6.0%
TTM23.7%3.0%+20.7%
YOY24.2%8.8%+15.4%
5Y21.0%7.3%+13.7%
10Y11.4%5.9%+5.5%
1.2.2. Operating Ratio

Measures how efficient Jinan Acetate Chemical Co Ltd is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Chemicals industry mean).
  • An Operation Ratio of 0.72 means that the operating costs are NT$0.72 for each NT$1 in net sales.

Let's take a look of the Operating Ratio trends of Jinan Acetate Chemical Co Ltd:

  • The MRQ is 0.719. The company is efficient in keeping operating costs low. +1
  • The TTM is 0.862. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.719TTM0.862-0.143
TTM0.862YOY1.371-0.509
TTM0.8625Y1.340-0.478
5Y1.34010Y1.054+0.286
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7191.721-1.002
TTM0.8621.699-0.837
YOY1.3711.583-0.212
5Y1.3401.633-0.293
10Y1.0541.314-0.260

1.3. Liquidity of Jinan Acetate Chemical Co Ltd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Jinan Acetate Chemical Co Ltd is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Chemicals industry mean).
  • A Current Ratio of 5.88 means the company has NT$5.88 in assets for each NT$1 in short-term debts.

Let's take a look of the Current Ratio trends of Jinan Acetate Chemical Co Ltd:

  • The MRQ is 5.879. The company is very able to pay all its short-term debts. +2
  • The TTM is 3.374. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ5.879TTM3.374+2.505
TTM3.374YOY1.931+1.443
TTM3.3745Y1.989+1.385
5Y1.98910Y1.080+0.909
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ5.8791.606+4.273
TTM3.3741.617+1.757
YOY1.9311.682+0.249
5Y1.9891.774+0.215
10Y1.0801.346-0.266
1.3.2. Quick Ratio

Measures if Jinan Acetate Chemical 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 Jinan Acetate Chemical Co Ltd to the Chemicals industry mean.
  • A Quick Ratio of 0.48 means the company can pay off NT$0.48 for each NT$1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Jinan Acetate Chemical Co Ltd:

  • The MRQ is 0.481. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.286. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.481TTM0.286+0.195
TTM0.286YOY0.399-0.113
TTM0.2865Y0.461-0.176
5Y0.46110Y0.567-0.106
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4810.601-0.120
TTM0.2860.634-0.348
YOY0.3990.779-0.380
5Y0.4610.738-0.277
10Y0.5670.746-0.179

1.4. Solvency of Jinan Acetate Chemical Co Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Jinan Acetate Chemical Co Ltd assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Jinan Acetate Chemical Co Ltd to Chemicals industry mean.
  • A Debt to Asset Ratio of 0.14 means that Jinan Acetate Chemical Co Ltd assets are financed with 14.0% credit (debt) and the remaining percentage (100% - 14.0%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Jinan Acetate Chemical Co Ltd:

  • The MRQ is 0.140. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.254. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.140TTM0.254-0.114
TTM0.254YOY0.437-0.183
TTM0.2545Y0.438-0.184
5Y0.43810Y0.366+0.071
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1400.419-0.279
TTM0.2540.420-0.166
YOY0.4370.425+0.012
5Y0.4380.405+0.033
10Y0.3660.420-0.054
1.4.2. Debt to Equity Ratio

Measures if Jinan Acetate Chemical Co Ltd is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Jinan Acetate Chemical Co Ltd to the Chemicals industry mean.
  • A Debt to Equity ratio of 16.4% means that company has NT$0.16 debt for each NT$1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Jinan Acetate Chemical Co Ltd:

  • The MRQ is 0.164. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.363. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.164TTM0.363-0.199
TTM0.363YOY0.857-0.494
TTM0.3635Y0.905-0.542
5Y0.90510Y0.709+0.195
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1640.799-0.635
TTM0.3630.749-0.386
YOY0.8570.743+0.114
5Y0.9050.761+0.144
10Y0.7090.817-0.108

2. Market Valuation of Jinan Acetate Chemical 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 Jinan Acetate Chemical Co Ltd generates.

  • Above 15 is considered overpriced but always compare Jinan Acetate Chemical Co Ltd to the Chemicals industry mean.
  • A PE ratio of 8.85 means the investor is paying NT$8.85 for every NT$1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Jinan Acetate Chemical Co Ltd:

  • The EOD is 9.964. Based on the earnings, the company is underpriced. +1
  • The MRQ is 8.854. Based on the earnings, the company is underpriced. +1
  • The TTM is 11.713. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD9.964MRQ8.854+1.110
MRQ8.854TTM11.713-2.859
TTM11.713YOY9.045+2.668
TTM11.7135Y23.421-11.708
5Y23.42110Y57.902-34.480
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
EOD9.9649.098+0.866
MRQ8.8549.548-0.694
TTM11.71313.416-1.703
YOY9.04512.214-3.169
5Y23.42114.106+9.315
10Y57.90222.461+35.441
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Jinan Acetate Chemical Co Ltd:

  • The EOD is 10.891. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 9.678. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 10.553. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD10.891MRQ9.678+1.213
MRQ9.678TTM10.553-0.875
TTM10.553YOY-3.849+14.402
TTM10.5535Y25.052-14.499
5Y25.05210Y-2.687+27.739
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
EOD10.8912.038+8.853
MRQ9.6782.400+7.278
TTM10.5531.188+9.365
YOY-3.8490.443-4.292
5Y25.0521.741+23.311
10Y-2.6872.252-4.939
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Jinan Acetate Chemical Co Ltd is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Chemicals industry mean).
  • A PB ratio of 6.64 means the investor is paying NT$6.64 for each NT$1 in book value.

Let's take a look of the Price to Book Ratio trends of Jinan Acetate Chemical Co Ltd:

  • The EOD is 7.473. Based on the equity, the company is overpriced. -1
  • The MRQ is 6.641. Based on the equity, the company is overpriced. -1
  • The TTM is 8.167. Based on the equity, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD7.473MRQ6.641+0.832
MRQ6.641TTM8.167-1.527
TTM8.167YOY4.084+4.083
TTM8.1675Y7.354+0.813
5Y7.35410Y7.750-0.396
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
EOD7.4731.292+6.181
MRQ6.6411.433+5.208
TTM8.1671.495+6.672
YOY4.0841.902+2.182
5Y7.3541.750+5.604
10Y7.7502.064+5.686
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Jinan Acetate Chemical 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--20.08819.412+3%5.864+243%5.545+262%3.433+485%
Book Value Per Share--120.16782.306+46%30.998+288%33.648+257%24.483+391%
Current Ratio--5.8793.374+74%1.931+204%1.989+196%1.080+444%
Debt To Asset Ratio--0.1400.254-45%0.437-68%0.438-68%0.366-62%
Debt To Equity Ratio--0.1640.363-55%0.857-81%0.905-82%0.709-77%
Dividend Per Share----0%1.828-100%1.641-100%1.277-100%
Eps--22.53215.063+50%3.637+519%4.624+387%2.819+699%
Free Cash Flow Per Share--20.61416.887+22%2.790+639%4.448+363%3.031+580%
Free Cash Flow To Equity Per Share--20.61417.092+21%2.654+677%4.545+354%3.455+497%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--1414.267--------
Intrinsic Value_10Y_min--1183.218--------
Intrinsic Value_1Y_max--42.768--------
Intrinsic Value_1Y_min--41.950--------
Intrinsic Value_3Y_max--203.913--------
Intrinsic Value_3Y_min--193.149--------
Intrinsic Value_5Y_max--455.977--------
Intrinsic Value_5Y_min--416.735--------
Market Cap77141792000.000+11%68551392000.00057264179809.200+20%10807056078.000+534%21113138339.116+225%16480928330.880+316%
Net Profit Margin--0.5040.449+12%0.305+65%0.256+97%0.206+145%
Operating Margin---0.237-100%0.242-100%0.210-100%0.114-100%
Operating Ratio--0.7190.862-17%1.371-48%1.340-46%1.054-32%
Pb Ratio7.473+11%6.6418.167-19%4.084+63%7.354-10%7.750-14%
Pe Ratio9.964+11%8.85411.713-24%9.045-2%23.421-62%57.902-85%
Price Per Share898.000+11%798.000666.607+20%125.804+534%245.776+225%191.853+316%
Price To Free Cash Flow Ratio10.891+11%9.67810.553-8%-3.849+140%25.052-61%-2.687+128%
Price To Total Gains Ratio44.703+11%39.72546.872-15%-17.225+143%22.503+77%-122.581+409%
Quick Ratio--0.4810.286+68%0.399+20%0.461+4%0.567-15%
Return On Assets--0.1610.134+21%0.068+138%0.063+157%0.049+228%
Return On Equity--0.1900.183+4%0.129+47%0.110+73%0.084+126%
Total Gains Per Share--20.08819.412+3%7.692+161%7.186+180%4.711+326%
Usd Book Value--323104172.100221303183.525+46%83348449.175+288%90472343.589+257%65829637.737+391%
Usd Book Value Change Per Share--0.6290.608+3%0.184+243%0.174+262%0.107+485%
Usd Book Value Per Share--3.7612.576+46%0.970+288%1.053+257%0.766+391%
Usd Dividend Per Share----0%0.057-100%0.051-100%0.040-100%
Usd Eps--0.7050.471+50%0.114+519%0.145+387%0.088+699%
Usd Free Cash Flow--55426227.80045405822.325+22%7502672.600+639%11958848.658+363%7217509.926+668%
Usd Free Cash Flow Per Share--0.6450.529+22%0.087+639%0.139+363%0.095+580%
Usd Free Cash Flow To Equity Per Share--0.6450.535+21%0.083+677%0.142+354%0.108+497%
Usd Market Cap2414538089.600+11%2145658569.6001792368828.028+20%338260855.241+534%660841230.014+225%515853056.757+316%
Usd Price Per Share28.107+11%24.97720.865+20%3.938+534%7.693+225%6.005+316%
Usd Profit--60583090.60040500196.800+50%9779810.200+519%12433747.084+387%7579933.520+699%
Usd Revenue--120091057.50086275648.650+39%33407984.575+259%36374766.195+230%25456000.251+372%
Usd Total Gains Per Share--0.6290.608+3%0.241+161%0.225+180%0.147+326%
 EOD+4 -4MRQTTM+30 -3YOY+29 -65Y+31 -410Y+29 -6

3.2. Fundamental Score

Let's check the fundamental score of Jinan Acetate Chemical Co Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-159.964
Price to Book Ratio (EOD)Between0-17.473
Net Profit Margin (MRQ)Greater than00.504
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.481
Current Ratio (MRQ)Greater than15.879
Debt to Asset Ratio (MRQ)Less than10.140
Debt to Equity Ratio (MRQ)Less than10.164
Return on Equity (MRQ)Greater than0.150.190
Return on Assets (MRQ)Greater than0.050.161
Total7/10 (70.0%)

3.3. Technical Score

Let's check the technical score of Jinan Acetate Chemical Co Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5048.971
Ma 20Greater thanMa 50919.650
Ma 50Greater thanMa 100889.660
Ma 100Greater thanMa 200880.880
OpenGreater thanClose905.000
Total4/5 (80.0%)



Latest Balance Sheet

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

Summary
Total Assets11,999,376
Total Liabilities1,676,559
Total Stockholder Equity10,199,147
 As reported
Total Liabilities 1,676,559
Total Stockholder Equity+ 10,199,147
Total Assets = 11,999,376

Assets

Total Assets11,999,376
Total Current Assets9,856,491
Long-term Assets2,142,885
Total Current Assets
Cash And Cash Equivalents 8,116,329
Short-term Investments 450,042
Net Receivables 355,696
Inventory 486,254
Other Current Assets 161,165
Total Current Assets  (as reported)9,856,491
Total Current Assets  (calculated)9,569,486
+/- 287,005
Long-term Assets
Property Plant Equipment 1,865,213
Long-term Assets Other 189,966
Long-term Assets  (as reported)2,142,885
Long-term Assets  (calculated)2,055,179
+/- 87,706

Liabilities & Shareholders' Equity

Total Current Liabilities1,676,545
Long-term Liabilities14
Total Stockholder Equity10,199,147
Total Current Liabilities
Accounts payable 179,710
Other Current Liabilities 50,612
Total Current Liabilities  (as reported)1,676,545
Total Current Liabilities  (calculated)230,322
+/- 1,446,223
Long-term Liabilities
Long-term Liabilities  (as reported)14
Long-term Liabilities  (calculated)0
+/- 14
Total Stockholder Equity
Retained Earnings 4,967,581
Total Stockholder Equity (as reported)10,199,147
Total Stockholder Equity (calculated)4,967,581
+/- 5,231,566
Other
Capital Stock862,861
Common Stock Shares Outstanding 85,126
Net Invested Capital 10,199,147
Net Working Capital 8,179,946
Property Plant and Equipment Gross 1,865,213



Balance Sheet

Currency in TWD. All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-03-312013-12-312012-12-31
> Total Assets 
466,864
719,632
0
1,015,746
1,046,951
1,183,191
1,349,099
1,858,204
1,808,373
1,620,303
1,434,973
1,603,657
1,638,532
2,472,853
2,279,341
2,437,482
2,343,465
2,363,300
2,245,090
2,435,595
2,445,155
2,586,274
2,673,028
2,640,430
3,060,570
3,109,067
3,195,740
3,297,119
3,381,918
3,635,190
4,049,480
4,323,800
4,854,430
5,412,017
6,391,607
7,279,934
11,404,248
11,999,376
11,999,37611,404,2487,279,9346,391,6075,412,0174,854,4304,323,8004,049,4803,635,1903,381,9183,297,1193,195,7403,109,0673,060,5702,640,4302,673,0282,586,2742,445,1552,435,5952,245,0902,363,3002,343,4652,437,4822,279,3412,472,8531,638,5321,603,6571,434,9731,620,3031,808,3731,858,2041,349,0991,183,1911,046,9511,015,7460719,632466,864
   > Total Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,300,668
1,364,764
1,529,769
1,643,963
1,583,021
1,933,259
1,913,152
1,813,306
1,758,359
1,968,593
2,146,225
2,462,905
2,633,809
3,006,654
3,405,512
4,122,939
5,175,753
9,285,692
9,856,491
9,856,4919,285,6925,175,7534,122,9393,405,5123,006,6542,633,8092,462,9052,146,2251,968,5931,758,3591,813,3061,913,1521,933,2591,583,0211,643,9631,529,7691,364,7641,300,6680000000000000000000
       Cash And Cash Equivalents 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
322,805
407,818
589,261
660,656
654,917
1,019,863
831,330
642,963
550,692
696,487
646,169
920,861
1,205,178
1,604,345
1,941,021
2,656,143
3,492,171
7,624,079
8,116,329
8,116,3297,624,0793,492,1712,656,1431,941,0211,604,3451,205,178920,861646,169696,487550,692642,963831,3301,019,863654,917660,656589,261407,818322,8050000000000000000000
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
71,440
99,639
98,106
1,058
3,064
4,673
4,865
1,569
13,351
57,478
170,006
137,741
5,443
71,958
66,644
26,942
162,403
257,318
450,042
450,042257,318162,40326,94266,64471,9585,443137,741170,00657,47813,3511,5694,8654,6733,0641,05898,10699,63971,4400000000000000000000
       Net Receivables 
70,013
103,223
0
209,604
171,531
191,808
325,522
301,643
233,749
209,425
192,883
132,421
117,056
240,043
286,713
407,849
356,198
396,364
375,634
461,379
444,082
478,049
583,576
566,273
589,072
700,678
687,119
677,952
618,280
551,944
570,204
572,745
609,402
279,671
313,744
505,118
311,842
355,696
355,696311,842505,118313,744279,671609,402572,745570,204551,944618,280677,952687,119700,678589,072566,273583,576478,049444,082461,379375,634396,364356,198407,849286,713240,043117,056132,421192,883209,425233,749301,643325,522191,808171,531209,6040103,22370,013
       Other Current Assets 
8,832
61,929
0
37,910
24,609
24,300
8,284
19,090
22,448
62,495
10,627
5,519
11,987
55,789
86,645
101,773
116,475
124,244
105,522
27,636
53,842
83,334
79,541
54,413
53,296
123,567
158,559
183,239
261,099
250,291
187,071
269,440
214,441
454,630
232,355
225,054
93,078
161,165
161,16593,078225,054232,355454,630214,441269,440187,071250,291261,099183,239158,559123,56753,29654,41379,54183,33453,84227,636105,522124,244116,475101,77386,64555,78911,9875,51910,62762,49522,44819,0908,28424,30024,60937,910061,9298,832
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,134,927
1,080,391
1,056,505
1,029,065
1,057,409
1,127,311
1,195,915
1,382,434
1,538,760
1,413,325
1,488,965
1,586,575
1,689,991
1,847,776
2,006,505
2,268,668
2,104,181
2,118,556
2,142,885
2,142,8852,118,5562,104,1812,268,6682,006,5051,847,7761,689,9911,586,5751,488,9651,413,3251,538,7601,382,4341,195,9151,127,3111,057,4091,029,0651,056,5051,080,3911,134,9270000000000000000000
       Property Plant Equipment 
142,234
267,890
0
282,309
282,984
272,808
279,380
261,386
256,117
253,565
262,755
319,763
405,908
814,826
805,832
832,414
843,169
845,137
828,984
925,917
898,727
881,953
853,722
870,967
903,988
952,132
1,117,203
1,276,169
1,290,006
1,343,384
1,420,208
1,496,549
1,559,316
1,583,529
2,064,385
1,928,985
1,922,489
1,865,213
1,865,2131,922,4891,928,9852,064,3851,583,5291,559,3161,496,5491,420,2081,343,3841,290,0061,276,1691,117,203952,132903,988870,967853,722881,953898,727925,917828,984845,137843,169832,414805,832814,826405,908319,763262,755253,565256,117261,386279,380272,808282,984282,3090267,890142,234
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
13,816
1,931
1,378
1,362
28,935
64,525
81,977
100,232
98,740
56,580
77,470
92,009
114,069
206,392
331,832
98,810
83,756
101,928
189,966
189,966101,92883,75698,810331,832206,392114,06992,00977,47056,58098,740100,23281,97764,52528,9351,3621,3781,93113,8160000000000000000000
> Total Liabilities 
158,371
242,591
0
289,651
247,254
336,409
398,378
477,024
371,566
366,211
116,388
235,228
273,869
1,190,708
977,575
1,062,321
866,585
1,100,094
973,102
1,192,553
1,159,937
1,213,590
1,234,199
1,374,667
1,687,788
1,500,656
1,519,832
1,802,268
1,790,734
1,997,664
1,944,270
2,304,811
1,979,596
1,759,491
1,989,770
2,320,203
2,807,076
1,676,559
1,676,5592,807,0762,320,2031,989,7701,759,4911,979,5962,304,8111,944,2701,997,6641,790,7341,802,2681,519,8321,500,6561,687,7881,374,6671,234,1991,213,5901,159,9371,192,553973,1021,100,094866,5851,062,321977,5751,190,708273,869235,228116,388366,211371,566477,024398,378336,409247,254289,6510242,591158,371
   > Total Current Liabilities 
148,569
231,828
0
278,509
236,045
325,178
387,053
466,095
356,709
353,672
105,180
222,586
264,006
664,982
425,101
527,200
382,768
612,748
479,172
1,182,661
1,150,419
1,204,170
1,224,889
1,365,497
1,069,316
916,293
915,225
1,210,860
1,213,990
1,372,358
1,342,756
1,203,280
1,766,088
1,704,621
1,984,493
2,320,109
2,807,076
1,676,545
1,676,5452,807,0762,320,1091,984,4931,704,6211,766,0881,203,2801,342,7561,372,3581,213,9901,210,860915,225916,2931,069,3161,365,4971,224,8891,204,1701,150,4191,182,661479,172612,748382,768527,200425,101664,982264,006222,586105,180353,672356,709466,095387,053325,178236,045278,5090231,828148,569
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
670,887
645,240
838,159
829,607
324,038
29,100
56,960
71,338
250,740
279,792
880,103
823,990
333,163
411,889
452,478
469,612
444,262
32,135
0
032,135444,262469,612452,478411,889333,163823,990880,103279,792250,74071,33856,96029,100324,038829,607838,159645,240670,8870000000000000000000
       Accounts payable 
3,294
13,171
0
83,584
88,874
198,487
264,766
346,449
263,279
10,862
12,218
84,941
84,229
186,006
225,561
288,814
187,494
225,439
232,627
87,376
126,742
222,386
251,514
140,059
103,832
157,488
102,896
106,434
48,389
140,061
117,570
149,999
194,292
288,993
373,691
194,148
259,952
179,710
179,710259,952194,148373,691288,993194,292149,999117,570140,06148,389106,434102,896157,488103,832140,059251,514222,386126,74287,376232,627225,439187,494288,814225,561186,00684,22984,94112,21810,862263,279346,449264,766198,48788,87483,584013,1713,294
       Other Current Liabilities 
15,586
72,092
0
93,085
96,731
76,961
106,759
119,646
93,430
342,810
92,962
137,645
119,117
478,976
199,540
238,386
195,274
387,309
181,059
12,003
2,069
152,933
130,515
367,395
399,612
132,963
159,223
420,818
445,206
247,725
267,825
587,775
999,608
963,150
1,141,190
1,435,089
45,397
50,612
50,61245,3971,435,0891,141,190963,150999,608587,775267,825247,725445,206420,818159,223132,963399,612367,395130,515152,9332,06912,003181,059387,309195,274238,386199,540478,976119,117137,64592,962342,81093,430119,646106,75976,96196,73193,085072,09215,586
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
9,892
9,518
9,420
9,310
9,170
618,472
584,363
604,607
591,408
576,744
625,306
601,514
1,101,531
213,508
54,870
5,277
94
0
14
140945,27754,870213,5081,101,531601,514625,306576,744591,408604,607584,363618,4729,1709,3109,4209,5189,8920000000000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
3,978
1,938
939
2,540
220
100,074
122,750
101,400
46,000
45,650
48,500
9,892
9,518
9,420
9,310
9,170
109,061
70,717
86,785
69,328
50,324
52,990
34,200
123,920
1,520
0
795
0
0
0
00079501,520123,92034,20052,99050,32469,32886,78570,717109,0619,1709,3109,4209,5189,89248,50045,65046,000101,400122,750100,0742202,5409391,9383,97800000000
> Total Stockholder Equity
308,493
477,041
477,041
726,095
799,697
846,782
950,721
1,381,180
1,436,807
1,254,092
1,271,555
1,322,844
1,321,479
1,154,088
1,176,248
1,262,585
1,363,222
1,151,249
1,159,614
1,124,712
1,170,454
1,259,304
1,325,570
1,154,792
1,256,719
1,489,283
1,557,221
1,376,235
1,470,961
1,516,911
1,979,764
1,886,245
2,734,771
3,505,075
4,237,905
4,790,744
8,405,329
10,199,147
10,199,1478,405,3294,790,7444,237,9053,505,0752,734,7711,886,2451,979,7641,516,9111,470,9611,376,2351,557,2211,489,2831,256,7191,154,7921,325,5701,259,3041,170,4541,124,7121,159,6141,151,2491,363,2221,262,5851,176,2481,154,0881,321,4791,322,8441,271,5551,254,0921,436,8071,381,180950,721846,782799,697726,095477,041477,041308,493
   Common Stock
264,171
264,171
0
400,000
410,000
410,000
410,000
464,800
464,800
464,800
464,800
464,800
464,800
464,800
464,800
464,800
464,800
464,800
464,800
464,800
510,767
510,767
510,767
510,767
510,767
510,767
510,767
585,756
585,756
585,756
580,626
586,050
654,568
703,263
713,329
712,061
0
0
00712,061713,329703,263654,568586,050580,626585,756585,756585,756510,767510,767510,767510,767510,767510,767510,767464,800464,800464,800464,800464,800464,800464,800464,800464,800464,800464,800464,800464,800410,000410,000410,000400,0000264,171264,171
   Retained Earnings Total Equity00000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 00000000000000000000000000000000000000
   Capital Surplus 00000000000000000000000000000000000000
   Treasury Stock00000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-7,048
-62,944
-76,257
-95,001
-114,999
-94,205
-60,868
-73,918
-89,927
-90,204
-60,158
-69,052
-105,118
435,074
-130,242
1,655,264
-276,776
0
0
00-276,7761,655,264-130,242435,074-105,118-69,052-60,158-90,204-89,927-73,918-60,868-94,205-114,999-95,001-76,257-62,944-7,0480000000000000000000



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 (+$)
totalRevenue11,025,642
Cost of Revenue-4,136,950
Gross Profit6,888,6926,888,692
 
Operating Income (+$)
Gross Profit6,888,692
Operating Expense-4,977,079
Operating Income6,048,5631,911,613
 
Operating Expense (+$)
Research Development187,499
Selling General Administrative652,630
Selling And Marketing Expenses0
Operating Expense4,977,079840,129
 
Net Interest Income (+$)
Interest Income152,327
Interest Expense-18,199
Other Finance Cost-0
Net Interest Income134,128
 
Pretax Income (+$)
Operating Income6,048,563
Net Interest Income134,128
Other Non-Operating Income Expenses0
Income Before Tax (EBT)6,136,0146,048,563
EBIT - interestExpense = -18,199
5,175,744
5,193,943
Interest Expense18,199
Earnings Before Interest and Taxes (EBIT)06,154,213
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax6,136,014
Tax Provision-913,179
Net Income From Continuing Ops5,222,8355,222,835
Net Income5,175,744
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net0-134,128
 

Technical Analysis of Jinan Acetate Chemical 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 Jinan Acetate Chemical Co Ltd. The general trend of Jinan Acetate Chemical Co Ltd is BULLISH with 57.1% 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 Jinan Acetate Chemical 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 (57.1%) Bearish trend (-57.1%)
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 Jinan Acetate Chemical 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: 927.00 < 1,085 < 1,110.

The bearish price targets are: 885.00 > 868.00 > 827.00.

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Jinan Acetate Chemical 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 Jinan Acetate Chemical Co Ltd. The current mas is .

The long score for the Moving Averages is 11/14.
The longshort score for the Moving Averages is 8/(-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 higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending 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

Jinan Acetate Chemical 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 Jinan Acetate Chemical Co Ltd. The current macd is -1.64127195.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-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 Jinan Acetate Chemical 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 Jinan Acetate Chemical 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 Jinan Acetate Chemical 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 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
Jinan Acetate Chemical Co Ltd Daily Moving Average Convergence/Divergence (MACD) ChartJinan Acetate Chemical 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 Jinan Acetate Chemical Co Ltd. The current adx is 11.99.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Jinan Acetate Chemical Co Ltd shares, leading to potential downward 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.
Jinan Acetate Chemical 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 Jinan Acetate Chemical Co Ltd. The current sar is 997.30.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Jinan Acetate Chemical 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 Jinan Acetate Chemical Co Ltd. The current rsi is 48.97. The current phase is Correction in bull market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is -2/(-13 +13).

  • Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
  • Trending up: The RSI is trending up. +1
Jinan Acetate Chemical Co Ltd Daily Relative Strength Index (RSI) ChartJinan Acetate Chemical 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 Jinan Acetate Chemical Co Ltd. The current phase is Correction in bull market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Jinan Acetate Chemical Co Ltd price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Jinan Acetate Chemical Co Ltd Daily Stochastic Oscillator ChartJinan Acetate Chemical 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 Jinan Acetate Chemical Co Ltd. The current cci is -46.32685491.

Jinan Acetate Chemical Co Ltd Daily Commodity Channel Index (CCI) ChartJinan Acetate Chemical 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 Jinan Acetate Chemical Co Ltd. The current cmo is -4.64574151.

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
Jinan Acetate Chemical Co Ltd Daily Chande Momentum Oscillator (CMO) ChartJinan Acetate Chemical 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 Jinan Acetate Chemical Co Ltd. The current willr is -72.60273973.

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 Jinan Acetate Chemical Co Ltd is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Jinan Acetate Chemical Co Ltd Daily Williams %R ChartJinan Acetate Chemical 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 Jinan Acetate Chemical Co Ltd.

Jinan Acetate Chemical 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 Jinan Acetate Chemical Co Ltd. The current atr is 34.30.

Jinan Acetate Chemical Co Ltd Daily Average True Range (ATR) ChartJinan Acetate Chemical 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 Jinan Acetate Chemical Co Ltd. The current obv is 273,209,892.

Jinan Acetate Chemical Co Ltd Daily On-Balance Volume (OBV) ChartJinan Acetate Chemical 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 Jinan Acetate Chemical Co Ltd. The current mfi is 48.63.

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
Jinan Acetate Chemical Co Ltd Daily Money Flow Index (MFI) ChartJinan Acetate Chemical Co Ltd Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Jinan Acetate Chemical 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
2023-11-01STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-03STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-06STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-07DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-11-09STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-10DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-13CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-14STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-20STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-21CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-11-27STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-01MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-04STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-05SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
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).
2023-12-06MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-07STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-11STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-13STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-14STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-18MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-19STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-21STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-22SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-25CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-26STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-28STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-02WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-03SAR 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.
2024-01-04STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-05DMI 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
2024-01-08SAR 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).
2024-01-10STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-11STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-01-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-17CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-22DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-24DMI 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
2024-01-25STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-26MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-29MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-31STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-01WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-02MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-05STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-15MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH 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).
2024-02-16STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-20CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-23STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-26WILLR 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).
2024-03-01ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-04STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-06RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-07SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-03-08MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-13STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-20DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-21DMI 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.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-22STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-26DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

Jinan Acetate Chemical Co Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Jinan Acetate Chemical Co Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5048.971
Ma 20Greater thanMa 50919.650
Ma 50Greater thanMa 100889.660
Ma 100Greater thanMa 200880.880
OpenGreater thanClose905.000
Total4/5 (80.0%)
Penke

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