25 XP   0   0   10

Mustang Industrial
Buy, Hold or Sell?

Let's analyse Mustang Industrial together

PenkeI guess you are interested in Mustang Industrial. 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 Mustang Industrial. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

Get notifications about Mustang Industrial

I send you an email if I find something interesting about Mustang Industrial.

Quick analysis of Mustang Industrial (30 sec.)










What can you expect buying and holding a share of Mustang Industrial? (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?
38.5%

What is your share worth?

Current worth
NT$12.39
Expected worth in 1 year
NT$12.25
How sure are you?
38.5%

+ What do you gain per year?

Total Gains per Share
NT$-0.14
Return On Investment
-1.0%

For what price can you sell your share?

Current Price per Share
NT$14.20
Expected price per share
NT$14.00 - NT$14.30
How sure are you?
50%

1. Valuation of Mustang Industrial (5 min.)




Live pricePrice per Share (EOD)

NT$14.20

Intrinsic Value Per Share

NT$-8.18 - NT$-10.29

Total Value Per Share

NT$4.21 - NT$2.09

2. Growth of Mustang Industrial (5 min.)




Is Mustang Industrial growing?

Current yearPrevious yearGrowGrow %
How rich?$22.7m$23.2m-$580.1k-2.6%

How much money is Mustang Industrial making?

Current yearPrevious yearGrowGrow %
Making money-$44.5k-$132k$87.5k196.4%
Net Profit Margin-1.7%-4.6%--

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

3. Financial Health of Mustang Industrial (5 min.)




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




  Industry Rankings (Metal Fabrication)  


Richest
#141 / 182

Most Revenue
#173 / 182

Most Profit
#131 / 182

Most Efficient
#134 / 182

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

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

What can you expect buying and holding a share of Mustang Industrial?

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

Speculation

The Price per Share of Mustang Industrial is NT$14.20. 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 Mustang Industrial.
  • 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 Mustang Industrial, 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$12.39. Based on the TTM, the Book Value Change Per Share is NT$-0.03 per quarter. Based on the YOY, the Book Value Change Per Share is NT$-0.04 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is NT$0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Mustang Industrial.

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 Eps0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Book Value Change Per Share0.010.1%0.000.0%0.000.0%0.030.2%0.030.2%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.010.1%0.000.0%0.000.0%0.030.2%0.030.2%
Usd Price Per Share0.44-0.38-0.37-0.37-0.37-
Price to Earnings Ratio30.39--209.54--87.10--89.32--89.32-
Price-to-Total Gains Ratio55.62--56.13--128.59--89.95--89.95-
Price to Book Ratio1.13-1.00-0.94-0.95-0.95-
Price-to-Total Gains Ratio55.62--56.13--128.59--89.95--89.95-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.44446
Number of shares2249
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.000.03
Usd Total Gains Per Share0.000.03
Gains per Quarter (2249 shares)-2.4371.67
Gains per Year (2249 shares)-9.73286.68
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10-10-2018268277
20-19-3037537564
30-29-4055805851
40-39-507410731138
50-49-609213411425
60-58-7011016101712
70-68-8012918781999
80-78-9014721462286
90-88-10016624142573
100-97-11018426832860

How sure are you?

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

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.03.00.025.0%3.09.00.025.0%3.010.00.023.1%3.010.00.023.1%3.010.00.023.1%
Book Value Change Per Share1.03.00.025.0%4.08.00.033.3%5.08.00.038.5%5.08.00.038.5%5.08.00.038.5%
Dividend per Share0.00.04.00.0%4.00.08.033.3%5.00.08.038.5%5.00.08.038.5%5.00.08.038.5%
Total Gains per Share1.03.00.025.0%4.08.00.033.3%5.08.00.038.5%5.08.00.038.5%5.08.00.038.5%

Fundamentals of Mustang Industrial

About Mustang Industrial

Mustang Industrial Corp. engages in the manufacture and sale of progressive die molds and stamping products in Taiwan. The company offers shielding frame and cover assemblies for tuners; metal stamped frames and covers for signal shielding; and large size metal stamping products, which include cover and chassis of set top box and satellite receivers. It also provides middle size stamping parts, such as metal frames, brackets, and plates for LCD panels; small size stamping parts comprising springs and contacting fingers for EMC solution; high precision stamping parts, including micro punching/blanking technology to replace chemical etching, as well as terminals, jumpers, and contact springs; and heat spreaders for chip sets and drawn parts. The company was founded in 1972 and is based in New Taipei City, Taiwan.

Fundamental data was last updated by Penke on 2024-03-08 10:38:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very inefficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

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

1.1. Profitability of Mustang Industrial.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Mustang Industrial to the Metal Fabrication industry mean.
  • A Net Profit Margin of 6.8% means that NT$0.07 for each NT$1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Mustang Industrial:

  • The MRQ is 6.8%. The company is making a profit. +1
  • The TTM is -1.7%. The company is making a loss. -1
Trends
Current periodCompared to+/- 
MRQ6.8%TTM-1.7%+8.5%
TTM-1.7%YOY-4.6%+3.0%
TTM-1.7%5Y-2.4%+0.7%
5Y-2.4%10Y-2.4%0.0%
Compared to industry (Metal Fabrication)
PeriodCompanyIndustry (mean)+/- 
MRQ6.8%2.5%+4.3%
TTM-1.7%2.3%-4.0%
YOY-4.6%3.8%-8.4%
5Y-2.4%3.3%-5.7%
10Y-2.4%3.5%-5.9%
1.1.2. Return on Assets

Shows how efficient Mustang Industrial is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Mustang Industrial to the Metal Fabrication industry mean.
  • 0.8% Return on Assets means that Mustang Industrial generated NT$0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Mustang Industrial:

  • The MRQ is 0.8%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is -0.2%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ0.8%TTM-0.2%+1.0%
TTM-0.2%YOY-0.5%+0.3%
TTM-0.2%5Y-0.2%+0.1%
5Y-0.2%10Y-0.2%0.0%
Compared to industry (Metal Fabrication)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8%0.9%-0.1%
TTM-0.2%0.8%-1.0%
YOY-0.5%1.2%-1.7%
5Y-0.2%1.1%-1.3%
10Y-0.2%1.0%-1.2%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Mustang Industrial to the Metal Fabrication industry mean.
  • 0.9% Return on Equity means Mustang Industrial generated NT$0.01 for each NT$1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Mustang Industrial:

  • The MRQ is 0.9%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is -0.2%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ0.9%TTM-0.2%+1.1%
TTM-0.2%YOY-0.6%+0.4%
TTM-0.2%5Y-0.3%+0.1%
5Y-0.3%10Y-0.3%0.0%
Compared to industry (Metal Fabrication)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9%1.6%-0.7%
TTM-0.2%1.4%-1.6%
YOY-0.6%2.6%-3.2%
5Y-0.3%2.0%-2.3%
10Y-0.3%2.0%-2.3%

1.2. Operating Efficiency of Mustang Industrial.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Mustang Industrial is operating .

  • Measures how much profit Mustang Industrial 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 Mustang Industrial to the Metal Fabrication 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 Mustang Industrial:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-1.4%+1.4%
TTM-1.4%YOY-7.4%+6.1%
TTM-1.4%5Y-3.4%+2.1%
5Y-3.4%10Y-3.4%0.0%
Compared to industry (Metal Fabrication)
PeriodCompanyIndustry (mean)+/- 
MRQ-4.9%-4.9%
TTM-1.4%3.0%-4.4%
YOY-7.4%5.8%-13.2%
5Y-3.4%5.6%-9.0%
10Y-3.4%4.3%-7.7%
1.2.2. Operating Ratio

Measures how efficient Mustang Industrial is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Metal Fabrication industry mean).
  • An Operation Ratio of 1.77 means that the operating costs are NT$1.77 for each NT$1 in net sales.

Let's take a look of the Operating Ratio trends of Mustang Industrial:

  • The MRQ is 1.774. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.854. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.774TTM1.854-0.080
TTM1.854YOY1.885-0.031
TTM1.8545Y1.849+0.005
5Y1.84910Y1.8490.000
Compared to industry (Metal Fabrication)
PeriodCompanyIndustry (mean)+/- 
MRQ1.7741.658+0.116
TTM1.8541.676+0.178
YOY1.8851.622+0.263
5Y1.8491.598+0.251
10Y1.8491.336+0.513

1.3. Liquidity of Mustang Industrial.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Metal Fabrication industry mean).
  • A Current Ratio of 7.08 means the company has NT$7.08 in assets for each NT$1 in short-term debts.

Let's take a look of the Current Ratio trends of Mustang Industrial:

  • The MRQ is 7.077. The company is very able to pay all its short-term debts. +2
  • The TTM is 6.897. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ7.077TTM6.897+0.181
TTM6.897YOY6.014+0.883
TTM6.8975Y5.991+0.906
5Y5.99110Y5.9910.000
Compared to industry (Metal Fabrication)
PeriodCompanyIndustry (mean)+/- 
MRQ7.0771.766+5.311
TTM6.8971.773+5.124
YOY6.0141.812+4.202
5Y5.9911.780+4.211
10Y5.9911.614+4.377
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Mustang Industrial to the Metal Fabrication industry mean.
  • A Quick Ratio of 4.96 means the company can pay off NT$4.96 for each NT$1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Mustang Industrial:

  • The MRQ is 4.964. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 4.349. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ4.964TTM4.349+0.614
TTM4.349YOY1.389+2.960
TTM4.3495Y2.403+1.947
5Y2.40310Y2.4030.000
Compared to industry (Metal Fabrication)
PeriodCompanyIndustry (mean)+/- 
MRQ4.9640.731+4.233
TTM4.3490.744+3.605
YOY1.3890.858+0.531
5Y2.4030.934+1.469
10Y2.4030.848+1.555

1.4. Solvency of Mustang Industrial.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Mustang Industrial assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Mustang Industrial to Metal Fabrication industry mean.
  • A Debt to Asset Ratio of 0.13 means that Mustang Industrial assets are financed with 13.1% credit (debt) and the remaining percentage (100% - 13.1%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Mustang Industrial:

  • The MRQ is 0.131. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.132. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.131TTM0.132-0.001
TTM0.132YOY0.143-0.011
TTM0.1325Y0.150-0.018
5Y0.15010Y0.1500.000
Compared to industry (Metal Fabrication)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1310.497-0.366
TTM0.1320.484-0.352
YOY0.1430.496-0.353
5Y0.1500.484-0.334
10Y0.1500.490-0.340
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Mustang Industrial to the Metal Fabrication industry mean.
  • A Debt to Equity ratio of 15.1% means that company has NT$0.15 debt for each NT$1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Mustang Industrial:

  • The MRQ is 0.151. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.152. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.151TTM0.152-0.001
TTM0.152YOY0.167-0.015
TTM0.1525Y0.177-0.026
5Y0.17710Y0.1770.000
Compared to industry (Metal Fabrication)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1510.988-0.837
TTM0.1521.004-0.852
YOY0.1670.992-0.825
5Y0.1770.990-0.813
10Y0.1771.042-0.865

2. Market Valuation of Mustang Industrial

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 Mustang Industrial generates.

  • Above 15 is considered overpriced but always compare Mustang Industrial to the Metal Fabrication industry mean.
  • A PE ratio of 30.39 means the investor is paying NT$30.39 for every NT$1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Mustang Industrial:

  • The EOD is 30.936. Based on the earnings, the company is overpriced. -1
  • The MRQ is 30.391. Based on the earnings, the company is overpriced. -1
  • The TTM is -209.536. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD30.936MRQ30.391+0.545
MRQ30.391TTM-209.536+239.928
TTM-209.536YOY-87.102-122.434
TTM-209.5365Y-89.315-120.221
5Y-89.31510Y-89.3150.000
Compared to industry (Metal Fabrication)
PeriodCompanyIndustry (mean)+/- 
EOD30.93614.886+16.050
MRQ30.39113.177+17.214
TTM-209.53612.577-222.113
YOY-87.10213.915-101.017
5Y-89.31511.908-101.223
10Y-89.31518.158-107.473
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Mustang Industrial:

  • The EOD is 23.806. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 23.387. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 6.549. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD23.806MRQ23.387+0.419
MRQ23.387TTM6.549+16.839
TTM6.549YOY10.328-3.780
TTM6.5495Y-10.366+16.914
5Y-10.36610Y-10.3660.000
Compared to industry (Metal Fabrication)
PeriodCompanyIndustry (mean)+/- 
EOD23.8063.084+20.722
MRQ23.3872.831+20.556
TTM6.5490.785+5.764
YOY10.328-1.173+11.501
5Y-10.3660.660-11.026
10Y-10.3660.736-11.102
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Metal Fabrication industry mean).
  • A PB ratio of 1.13 means the investor is paying NT$1.13 for each NT$1 in book value.

Let's take a look of the Price to Book Ratio trends of Mustang Industrial:

  • The EOD is 1.146. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.126. Based on the equity, the company is underpriced. +1
  • The TTM is 0.995. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD1.146MRQ1.126+0.020
MRQ1.126TTM0.995+0.131
TTM0.995YOY0.942+0.053
TTM0.9955Y0.953+0.043
5Y0.95310Y0.9530.000
Compared to industry (Metal Fabrication)
PeriodCompanyIndustry (mean)+/- 
EOD1.1461.585-0.439
MRQ1.1261.503-0.377
TTM0.9951.540-0.545
YOY0.9421.689-0.747
5Y0.9531.721-0.768
10Y0.9531.792-0.839
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Mustang Industrial compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.251-0.035+114%-0.043+117%0.953-74%0.953-74%
Book Value Per Share--12.38612.310+1%12.625-2%12.519-1%12.519-1%
Current Ratio--7.0776.897+3%6.014+18%5.991+18%5.991+18%
Debt To Asset Ratio--0.1310.1320%0.143-8%0.150-13%0.150-13%
Debt To Equity Ratio--0.1510.1520%0.167-10%0.177-15%0.177-15%
Dividend Per Share----0%0.000-100%0.065-100%0.065-100%
Eps--0.1150.021+443%-0.072+163%-0.020+117%-0.020+117%
Free Cash Flow Per Share--0.1490.179-17%0.500-70%0.268-44%0.268-44%
Free Cash Flow To Equity Per Share--0.1490.173-14%0.386-61%0.177-16%0.177-16%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---10.294--------
Intrinsic Value_10Y_min---8.178--------
Intrinsic Value_1Y_max--0.707--------
Intrinsic Value_1Y_min--0.695--------
Intrinsic Value_3Y_max--0.799--------
Intrinsic Value_3Y_min--0.790--------
Intrinsic Value_5Y_max---0.706--------
Intrinsic Value_5Y_min---0.541--------
Market Cap834647600.000+2%819953100.000720030500.000+14%699458200.000+17%709310753.846+16%709310753.846+16%
Net Profit Margin--0.068-0.017+125%-0.046+168%-0.024+135%-0.024+135%
Operating Margin----0.0140%-0.0740%-0.0340%-0.0340%
Operating Ratio--1.7741.854-4%1.885-6%1.849-4%1.849-4%
Pb Ratio1.146+2%1.1260.995+13%0.942+20%0.953+18%0.953+18%
Pe Ratio30.936+2%30.391-209.536+789%-87.102+387%-89.315+394%-89.315+394%
Price Per Share14.200+2%13.95012.250+14%11.900+17%11.919+17%11.919+17%
Price To Free Cash Flow Ratio23.806+2%23.3876.549+257%10.328+126%-10.366+144%-10.366+144%
Price To Total Gains Ratio56.617+2%55.620-56.130+201%-128.595+331%-89.951+262%-89.951+262%
Quick Ratio--4.9644.349+14%1.389+257%2.403+107%2.403+107%
Return On Assets--0.008-0.002+121%-0.005+161%-0.002+129%-0.002+129%
Return On Equity--0.009-0.002+121%-0.006+161%-0.003+129%-0.003+129%
Total Gains Per Share--0.251-0.035+114%-0.043+117%1.018-75%1.018-75%
Usd Book Value--22786556.50022647169.775+1%23227291.800-2%23327719.054-2%23327719.054-2%
Usd Book Value Change Per Share--0.008-0.001+114%-0.001+117%0.030-74%0.030-74%
Usd Book Value Per Share--0.3880.385+1%0.395-2%0.392-1%0.392-1%
Usd Dividend Per Share----0%0.000-100%0.002-100%0.002-100%
Usd Eps--0.0040.001+443%-0.002+163%-0.001+117%-0.001+117%
Usd Free Cash Flow--274344.500329369.900-17%919961.775-70%497000.662-45%497000.662-45%
Usd Free Cash Flow Per Share--0.0050.006-17%0.016-70%0.008-44%0.008-44%
Usd Free Cash Flow To Equity Per Share--0.0050.005-14%0.012-61%0.006-16%0.006-16%
Usd Market Cap26124469.880+2%25664532.03022536954.650+14%21893041.660+17%22201426.595+16%22201426.595+16%
Usd Price Per Share0.444+2%0.4370.383+14%0.372+17%0.373+17%0.373+17%
Usd Profit--211118.500-44571.200+121%-132093.825+163%-63334.346+130%-63334.346+130%
Usd Revenue--3117010.5002985221.850+4%3084990.600+1%3466142.738-10%3466142.738-10%
Usd Total Gains Per Share--0.008-0.001+114%-0.001+117%0.032-75%0.032-75%
 EOD+4 -4MRQTTM+23 -9YOY+20 -145Y+15 -1910Y+15 -19

3.2. Fundamental Score

Let's check the fundamental score of Mustang Industrial based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1530.936
Price to Book Ratio (EOD)Between0-11.146
Net Profit Margin (MRQ)Greater than00.068
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than14.964
Current Ratio (MRQ)Greater than17.077
Debt to Asset Ratio (MRQ)Less than10.131
Debt to Equity Ratio (MRQ)Less than10.151
Return on Equity (MRQ)Greater than0.150.009
Return on Assets (MRQ)Greater than0.050.008
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of Mustang Industrial based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5040.558
Ma 20Greater thanMa 5014.448
Ma 50Greater thanMa 10014.396
Ma 100Greater thanMa 20014.303
OpenGreater thanClose14.300
Total4/5 (80.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2022-09-302022-12-312023-03-312023-06-302023-09-30
Income before Tax  -3,396-631-4,027-5,756-9,7839,567-2166,9876,771
Net Income  -4,631798-3,833-4,182-8,0157,422-5937,3386,745
Net Income from Continuing Operations  -4,631798-3,833-4,182-8,0157,422-5937,3386,745



Latest Balance Sheet

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

Summary
Total Assets837,833
Total Liabilities109,828
Total Stockholder Equity728,005
 As reported
Total Liabilities 109,828
Total Stockholder Equity+ 728,005
Total Assets = 837,833

Assets

Total Assets837,833
Total Current Assets547,682
Long-term Assets290,151
Total Current Assets
Cash And Cash Equivalents 125,819
Short-term Investments 285,424
Net Receivables 98,697
Inventory 33,757
Other Current Assets 9
Total Current Assets  (as reported)547,682
Total Current Assets  (calculated)543,706
+/- 3,976
Long-term Assets
Property Plant Equipment 259,888
Intangible Assets 298
Long-term Assets  (as reported)290,151
Long-term Assets  (calculated)260,186
+/- 29,965

Liabilities & Shareholders' Equity

Total Current Liabilities77,386
Long-term Liabilities32,442
Total Stockholder Equity728,005
Total Current Liabilities
Accounts payable 48,911
Other Current Liabilities 4,363
Total Current Liabilities  (as reported)77,386
Total Current Liabilities  (calculated)53,274
+/- 24,112
Long-term Liabilities
Capital Lease Obligations Min Short Term Debt4,653
Long-term Liabilities Other 910
Long-term Liabilities  (as reported)32,442
Long-term Liabilities  (calculated)5,563
+/- 26,879
Total Stockholder Equity
Total Stockholder Equity (as reported)728,005
Total Stockholder Equity (calculated)0
+/- 728,005
Other
Capital Stock587,781
Common Stock Shares Outstanding 58,778
Net Invested Capital 728,005
Net Working Capital 470,296
Property Plant and Equipment Gross 259,888



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 
922,111
950,294
930,527
894,248
917,354
885,054
871,910
853,152
853,191
848,224
824,474
822,524
837,833
837,833822,524824,474848,224853,191853,152871,910885,054917,354894,248930,527950,294922,111
   > Total Current Assets 
562,438
598,736
587,815
564,289
584,351
492,672
489,726
491,337
503,349
512,829
504,314
520,518
547,682
547,682520,518504,314512,829503,349491,337489,726492,672584,351564,289587,815598,736562,438
       Cash And Cash Equivalents 
256,917
298,599
267,979
257,658
266,131
294,928
308,186
342,029
363,839
165,294
157,035
161,546
125,819
125,819161,546157,035165,294363,839342,029308,186294,928266,131257,658267,979298,599256,917
       Short-term Investments 
2,159
33,555
22,109
32,958
42,729
710
7,126
14,741
9,171
223,491
229,285
234,039
285,424
285,424234,039229,285223,4919,17114,7417,12671042,72932,95822,10933,5552,159
       Net Receivables 
188,112
144,900
168,140
127,583
156,717
139,966
124,313
84,754
82,570
81,504
78,846
84,158
98,697
98,69784,15878,84681,50482,57084,754124,313139,966156,717127,583168,140144,900188,112
       Inventory 
111,436
118,291
127,910
141,562
115,012
53,685
45,576
48,509
46,396
39,354
36,036
38,448
33,757
33,75738,44836,03639,35446,39648,50945,57653,685115,012141,562127,910118,291111,436
       Other Current Assets 
4,601
3,716
1,186
2,924
2,486
2,881
2,378
4,460
4,465
4,794
4,593
4,297
9
94,2974,5934,7944,4654,4602,3782,8812,4862,9241,1863,7164,601
   > Long-term Assets 
359,673
351,558
342,712
329,959
333,003
392,382
382,184
361,815
349,842
335,395
320,160
302,006
290,151
290,151302,006320,160335,395349,842361,815382,184392,382333,003329,959342,712351,558359,673
       Property Plant Equipment 
332,564
322,440
312,869
298,709
308,282
366,190
354,331
333,049
319,623
306,307
289,833
271,867
259,888
259,888271,867289,833306,307319,623333,049354,331366,190308,282298,709312,869322,440332,564
       Intangible Assets 
886
789
684
612
558
512
471
431
390
428
385
342
298
298342385428390431471512558612684789886
       Other Assets 
23,196
25,138
25,968
27,447
20,972
22,094
23,796
24,749
26,243
0
0
26,940
0
026,9400026,24324,74923,79622,09420,97227,44725,96825,13823,196
> Total Liabilities 
147,479
173,115
161,932
134,577
171,153
141,196
122,314
114,388
117,065
118,689
101,070
109,261
109,828
109,828109,261101,070118,689117,065114,388122,314141,196171,153134,577161,932173,115147,479
   > Total Current Liabilities 
97,112
118,266
122,327
90,776
133,787
97,324
81,872
74,901
78,023
83,120
67,202
76,148
77,386
77,38676,14867,20283,12078,02374,90181,87297,324133,78790,776122,327118,26697,112
       Accounts payable 
64,196
75,485
79,243
57,808
70,983
58,726
48,619
39,574
39,232
41,885
42,704
45,996
48,911
48,91145,99642,70441,88539,23239,57448,61958,72670,98357,80879,24375,48564,196
       Other Current Liabilities 
7,006
8,142
20,890
9,568
33,305
6,884
11,212
12,144
13,913
5,602
6,711
8,885
4,363
4,3638,8856,7115,60213,91312,14411,2126,88433,3059,56820,8908,1427,006
   > Long-term Liabilities 
50,367
54,849
39,605
43,801
37,366
43,872
40,442
39,487
39,042
35,569
33,868
33,113
32,442
32,44233,11333,86835,56939,04239,48740,44243,87237,36643,80139,60554,84950,367
       Other Liabilities 
48,401
53,141
38,041
37,653
31,664
37,357
34,546
34,211
34,389
0
0
30,341
0
030,3410034,38934,21134,54637,35731,66437,65338,04153,14148,401
> Total Stockholder Equity
774,632
777,179
768,595
759,671
746,201
743,858
749,596
738,764
736,126
729,535
723,404
713,263
728,005
728,005713,263723,404729,535736,126738,764749,596743,858746,201759,671768,595777,179774,632
   Common Stock
612,272
612,272
612,272
612,272
587,781
587,781
587,781
587,781
587,781
0
0
587,781
0
0587,78100587,781587,781587,781587,781587,781612,272612,272612,272612,272
   Retained Earnings 
192,411
190,276
180,872
173,563
185,383
180,240
176,352
168,771
164,140
-6,161
-14,176
153,097
-7,611
-7,611153,097-14,176-6,161164,140168,771176,352180,240185,383173,563180,872190,276192,411
   Capital Surplus 0000000000000
   Treasury Stock0000000000000
   Other Stockholders Equity 0-41,29300-29,460-31,453-28,202-37,828-40,618-39,819-38,204-39,024-43,696



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 (+$)
totalRevenue381,498
Cost of Revenue-304,516
Gross Profit76,98276,982
 
Operating Income (+$)
Gross Profit76,982
Operating Expense-401,216
Operating Income-19,718-324,234
 
Operating Expense (+$)
Research Development8,800
Selling General Administrative87,892
Selling And Marketing Expenses-
Operating Expense401,21696,692
 
Net Interest Income (+$)
Interest Income7,838
Interest Expense-87
Other Finance Cost-0
Net Interest Income7,751
 
Pretax Income (+$)
Operating Income-19,718
Net Interest Income7,751
Other Non-Operating Income Expenses-
Income Before Tax (EBT)-7,255-19,718
EBIT - interestExpense = -87
-5,696
-5,609
Interest Expense87
Earnings Before Interest and Taxes (EBIT)--7,168
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax-7,255
Tax Provision--1,559
Net Income From Continuing Ops-5,696-5,696
Net Income-5,696
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--7,751
 

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

Indicator phases

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

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

1. Price Targets

1.1 Support & Resistance

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

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


Score

Let's take a look at the Support & Resistance of Mustang Industrial.

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

  • Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 14.25 < 14.30 < 14.30.

The bearish price targets are: 14.00 > 14.00 > 14.00.

Tweet this
Mustang Industrial 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 Mustang Industrial. The current mas is .

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

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

Mustang Industrial 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 Mustang Industrial. The current macd is -0.04065059.

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 Mustang Industrial price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Mustang Industrial. 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 Mustang Industrial 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
Mustang Industrial Daily Moving Average Convergence/Divergence (MACD) ChartMustang Industrial 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 Mustang Industrial. The current adx is 39.22.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-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 Mustang Industrial shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2
Mustang Industrial 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 Mustang Industrial. The current sar is 15.00.

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
Mustang Industrial 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 Mustang Industrial. The current rsi is 40.56. 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
Mustang Industrial Daily Relative Strength Index (RSI) ChartMustang Industrial 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 Mustang Industrial. The current phase is Oversold in bull market.

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

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • 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 Mustang Industrial price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Mustang Industrial Daily Stochastic Oscillator ChartMustang Industrial 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 Mustang Industrial. The current cci is -112.80890398.

The long score for the Commodity Channel Index (CCI) is 0/1.
The longshort score for the Commodity Channel Index (CCI) is -1/(-1 +1).

  • CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1
Mustang Industrial Daily Commodity Channel Index (CCI) ChartMustang Industrial 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 Mustang Industrial. The current cmo is -32.11152289.

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
Mustang Industrial Daily Chande Momentum Oscillator (CMO) ChartMustang Industrial 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 Mustang Industrial. The current willr is -100.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is -1/(-1 +1).

  • WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1
Mustang Industrial Daily Williams %R ChartMustang Industrial 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 Mustang Industrial.

Mustang Industrial 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 Mustang Industrial. The current atr is 0.20929363.

Mustang Industrial Daily Average True Range (ATR) ChartMustang Industrial 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 Mustang Industrial. The current obv is 6,255,998.

Mustang Industrial Daily On-Balance Volume (OBV) ChartMustang Industrial 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 Mustang Industrial. The current mfi is 35.41.

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
Mustang Industrial Daily Money Flow Index (MFI) ChartMustang Industrial Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Mustang Industrial.

6.2. Trading Signals

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

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

6.3. Candlestick Patterns

Mustang Industrial Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Mustang Industrial based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5040.558
Ma 20Greater thanMa 5014.448
Ma 50Greater thanMa 10014.396
Ma 100Greater thanMa 20014.303
OpenGreater thanClose14.300
Total4/5 (80.0%)
Penke

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

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

Get notifications about Mustang Industrial

I send you an email if I find something interesting about Mustang Industrial.


Comments

How you think about this?

Leave a comment

Stay informed about Mustang Industrial.

Receive notifications about Mustang Industrial in your mailbox!