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China Life Insurance Co Ltd A
Buy, Hold or Sell?

Let's analyse China Life Insurance Co Ltd A together

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

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

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Quick analysis of China Life Insurance Co Ltd A (30 sec.)










What can you expect buying and holding a share of China Life Insurance Co Ltd A? (30 sec.)

How much money do you get?

How much money do you get?
¥0.11
When do you have the money?
1 year
How often do you get paid?
95.5%

What is your share worth?

Current worth
¥15.97
Expected worth in 1 year
¥15.60
How sure are you?
81.8%

+ What do you gain per year?

Total Gains per Share
¥0.41
Return On Investment
1.4%

For what price can you sell your share?

Current Price per Share
¥28.50
Expected price per share
¥25.09 - ¥31.94
How sure are you?
50%

1. Valuation of China Life Insurance Co Ltd A (5 min.)




Live pricePrice per Share (EOD)

¥28.50

Intrinsic Value Per Share

¥146.71 - ¥171.40

Total Value Per Share

¥162.68 - ¥187.37

2. Growth of China Life Insurance Co Ltd A (5 min.)




Is China Life Insurance Co Ltd A growing?

Current yearPrevious yearGrowGrow %
How rich?$62.4b$66.5b-$2.3b-3.7%

How much money is China Life Insurance Co Ltd A making?

Current yearPrevious yearGrowGrow %
Making money$269.9m$1.1b-$887.1m-328.6%
Net Profit Margin3.6%3.3%--

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

3. Financial Health of China Life Insurance Co Ltd A (5 min.)




What can you expect buying and holding a share of China Life Insurance Co Ltd A? (5 min.)

Welcome investor! China Life Insurance Co Ltd A's management wants to use your money to grow the business. In return you get a share of China Life Insurance Co Ltd A.

What can you expect buying and holding a share of China Life Insurance Co Ltd A?

First you should know what it really means to hold a share of China Life Insurance Co Ltd A. And how you can make/lose money.

Speculation

The Price per Share of China Life Insurance Co Ltd A is ¥28.50. 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 China Life Insurance Co Ltd A.
  • 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 China Life Insurance Co Ltd A, 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 ¥15.97. Based on the TTM, the Book Value Change Per Share is ¥-0.09 per quarter. Based on the YOY, the Book Value Change Per Share is ¥-0.15 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 ¥0.20 per quarter.
Based on historical numbers we can estimate the returns while holding a share of China Life Insurance Co Ltd A.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 ¥% of Price per Share¥% of Price per Share¥% of Price per Share¥% of Price per Share¥% of Price per Share
Usd Eps0.000.0%0.020.1%0.040.1%0.050.2%0.040.2%
Usd Book Value Change Per Share-0.18-0.6%-0.010.0%-0.02-0.1%0.030.1%0.100.4%
Usd Dividend Per Share0.070.3%0.030.1%0.030.1%0.030.1%0.030.1%
Usd Total Gains Per Share-0.10-0.4%0.010.0%0.010.0%0.060.2%0.130.4%
Usd Price Per Share5.02-4.90-4.12-4.37-4.26-
Price to Earnings Ratio4,834.33-1,291.46-40.19-341.40-315.09-
Price-to-Total Gains Ratio-49.08--8.71-110.57-79.36-74.81-
Price to Book Ratio2.27-2.16-1.75-2.10-2.09-
Price-to-Total Gains Ratio-49.08--8.71-110.57-79.36-74.81-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share3.9444
Number of shares253
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.030.03
Usd Book Value Change Per Share-0.010.03
Usd Total Gains Per Share0.010.06
Gains per Quarter (253 shares)3.5514.25
Gains per Year (253 shares)14.2156.99
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
127-134263147
255-26185262104
382-40327893161
4110-5346104124218
5137-6660130155275
6164-7974156186332
7192-9288182217389
8219-106102207248446
9247-119116233280503
10274-132130259311560

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%19.01.00.095.0%21.01.00.095.5%21.01.00.095.5%
Book Value Change Per Share2.02.00.050.0%6.03.03.050.0%11.04.05.055.0%13.04.05.059.1%13.04.05.059.1%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%19.00.01.095.0%21.00.01.095.5%21.00.01.095.5%
Total Gains per Share2.02.00.050.0%9.03.00.075.0%16.04.00.080.0%18.04.00.081.8%18.04.00.081.8%

Fundamentals of China Life Insurance Co Ltd A

About China Life Insurance Co Ltd A

China Life Insurance Company Limited, together with its subsidiaries, operates as a life insurance company in the People's Republic of China. The company operates in four segments: Life Insurance Business, Health Insurance Business, Accident Insurance Business, and Other Businesses. It offers critical illness protection, annuity, children/female/pension, security, life, medical, and accident protection insurance products. The company was founded in 1949 and is based in Beijing, the People's Republic of China. China Life Insurance Company Limited operates as a subsidiary of China Life Insurance (Group) Company.

Fundamental data was last updated by Penke on 2024-03-27 11:42:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just 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 just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

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

1.1. Profitability of China Life Insurance Co Ltd A.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit China Life Insurance Co Ltd A earns for each ¥1 of revenue.

  • Above 10% is considered healthy but always compare China Life Insurance Co Ltd A to the Insurance - Life industry mean.
  • A Net Profit Margin of -3.8% means that ¥-0.04 for each ¥1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of China Life Insurance Co Ltd A:

  • The MRQ is -3.8%. The company is making a loss. -1
  • The TTM is 3.6%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ-3.8%TTM3.6%-7.4%
TTM3.6%YOY3.3%+0.3%
TTM3.6%5Y2.4%+1.2%
5Y2.4%10Y2.4%+0.0%
1.1.2. Return on Assets

Shows how efficient China Life Insurance Co Ltd A is using its assets to generate profit.

  • Above 5% is considered healthy but always compare China Life Insurance Co Ltd A to the Insurance - Life industry mean.
  • -0.3% Return on Assets means that China Life Insurance Co Ltd A generated ¥0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of China Life Insurance Co Ltd A:

  • The MRQ is -0.3%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is 0.0%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ-0.3%TTM0.0%-0.4%
TTM0.0%YOY0.2%-0.1%
TTM0.0%5Y0.2%-0.2%
5Y0.2%10Y0.2%+0.0%
1.1.3. Return on Equity

Shows how efficient China Life Insurance Co Ltd A is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare China Life Insurance Co Ltd A to the Insurance - Life industry mean.
  • -4.5% Return on Equity means China Life Insurance Co Ltd A generated ¥-0.05 for each ¥1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of China Life Insurance Co Ltd A:

  • The MRQ is -4.5%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is 0.4%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ-4.5%TTM0.4%-4.9%
TTM0.4%YOY1.8%-1.4%
TTM0.4%5Y2.2%-1.8%
5Y2.2%10Y2.1%+0.1%

1.2. Operating Efficiency of China Life Insurance Co Ltd A.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient China Life Insurance Co Ltd A is operating .

  • Measures how much profit China Life Insurance Co Ltd A makes for each ¥1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare China Life Insurance Co Ltd A to the Insurance - Life industry mean.
  • An Operating Margin of 3.4% means the company generated ¥0.03  for each ¥1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of China Life Insurance Co Ltd A:

  • The MRQ is 3.4%. The company is operating less efficient.
  • The TTM is 6.0%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ3.4%TTM6.0%-2.5%
TTM6.0%YOY4.7%+1.2%
TTM6.0%5Y3.1%+2.9%
5Y3.1%10Y3.3%-0.1%
1.2.2. Operating Ratio

Measures how efficient China Life Insurance Co Ltd A is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Insurance - Life industry mean).
  • An Operation Ratio of 1.06 means that the operating costs are ¥1.06 for each ¥1 in net sales.

Let's take a look of the Operating Ratio trends of China Life Insurance Co Ltd A:

  • The MRQ is 1.059. The company is inefficient in keeping operating costs low. -1
  • The TTM is 0.991. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ1.059TTM0.991+0.068
TTM0.991YOY0.722+0.270
TTM0.9915Y0.845+0.147
5Y0.84510Y0.923-0.078

1.3. Liquidity of China Life Insurance Co Ltd A.

1.3. Liquidity
1.3.1. Current Ratio

Measures if China Life Insurance Co Ltd A is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Insurance - Life industry mean).
  • A Current Ratio of 1.34 means the company has ¥1.34 in assets for each ¥1 in short-term debts.

Let's take a look of the Current Ratio trends of China Life Insurance Co Ltd A:

  • The MRQ is 1.336. The company is just able to pay all its short-term debts.
  • The TTM is 1.032. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.336TTM1.032+0.304
TTM1.032YOY0.988+0.044
TTM1.0325Y0.925+0.107
5Y0.92510Y0.925+0.000
1.3.2. Quick Ratio

Measures if China Life Insurance Co Ltd A is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare China Life Insurance Co Ltd A to the Insurance - Life industry mean.
  • A Quick Ratio of 5.03 means the company can pay off ¥5.03 for each ¥1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of China Life Insurance Co Ltd A:

  • The MRQ is 5.031. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 5.093. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ5.031TTM5.093-0.062
TTM5.093YOY2.621+2.471
TTM5.0935Y2.219+2.874
5Y2.21910Y2.031+0.188

1.4. Solvency of China Life Insurance Co Ltd A.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of China Life Insurance Co Ltd A assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare China Life Insurance Co Ltd A to Insurance - Life industry mean.
  • A Debt to Asset Ratio of 0.92 means that China Life Insurance Co Ltd A assets are financed with 92.2% credit (debt) and the remaining percentage (100% - 92.2%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of China Life Insurance Co Ltd A:

  • The MRQ is 0.922. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.916. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.922TTM0.916+0.006
TTM0.916YOY0.904+0.011
TTM0.9165Y0.900+0.016
5Y0.90010Y0.899+0.001
1.4.2. Debt to Equity Ratio

Measures if China Life Insurance Co Ltd A is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare China Life Insurance Co Ltd A to the Insurance - Life industry mean.
  • A Debt to Equity ratio of 1,201.2% means that company has ¥12.01 debt for each ¥1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of China Life Insurance Co Ltd A:

  • The MRQ is 12.012. The company is unable to pay all its debts with equity. -1
  • The TTM is 11.091. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ12.012TTM11.091+0.921
TTM11.091YOY9.615+1.476
TTM11.0915Y9.251+1.840
5Y9.25110Y9.175+0.076

2. Market Valuation of China Life Insurance Co Ltd A

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ¥1 in earnings China Life Insurance Co Ltd A generates.

  • Above 15 is considered overpriced but always compare China Life Insurance Co Ltd A to the Insurance - Life industry mean.
  • A PE ratio of 4,834.33 means the investor is paying ¥4,834.33 for every ¥1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of China Life Insurance Co Ltd A:

  • The EOD is 3,799.736. Based on the earnings, the company is expensive. -2
  • The MRQ is 4,834.331. Based on the earnings, the company is expensive. -2
  • The TTM is 1,291.461. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD3,799.736MRQ4,834.331-1,034.595
MRQ4,834.331TTM1,291.461+3,542.871
TTM1,291.461YOY40.192+1,251.269
TTM1,291.4615Y341.397+950.063
5Y341.39710Y315.093+26.304
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of China Life Insurance Co Ltd A:

  • The EOD is 2.289. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 2.912. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 2.854. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD2.289MRQ2.912-0.623
MRQ2.912TTM2.854+0.057
TTM2.854YOY3.748-0.893
TTM2.8545Y3.621-0.766
5Y3.62110Y4.004-0.383
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of China Life Insurance Co Ltd A is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Insurance - Life industry mean).
  • A PB ratio of 2.27 means the investor is paying ¥2.27 for each ¥1 in book value.

Let's take a look of the Price to Book Ratio trends of China Life Insurance Co Ltd A:

  • The EOD is 1.784. Based on the equity, the company is underpriced. +1
  • The MRQ is 2.270. Based on the equity, the company is underpriced. +1
  • The TTM is 2.164. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.784MRQ2.270-0.486
MRQ2.270TTM2.164+0.106
TTM2.164YOY1.751+0.412
TTM2.1645Y2.104+0.059
5Y2.10410Y2.093+0.011
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of China Life Insurance Co Ltd A 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---1.277-0.094-93%-0.146-89%0.222-676%0.726-276%
Book Value Per Share--15.97316.402-3%17.014-6%15.176+5%14.833+8%
Current Ratio--1.3361.032+29%0.988+35%0.925+44%0.925+44%
Debt To Asset Ratio--0.9220.916+1%0.904+2%0.900+2%0.899+2%
Debt To Equity Ratio--12.01211.091+8%9.615+25%9.251+30%9.175+31%
Dividend Per Share--0.5380.196+175%0.227+137%0.185+191%0.188+186%
Eps--0.0020.152-99%0.297-99%0.339-99%0.318-99%
Free Cash Flow Per Share--3.1133.598-13%2.861+9%2.781+12%2.599+20%
Free Cash Flow To Equity Per Share--3.7573.553+6%1.808+108%2.703+39%2.554+47%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--171.396--------
Intrinsic Value_10Y_min--146.706--------
Intrinsic Value_1Y_max--12.952--------
Intrinsic Value_1Y_min--12.719--------
Intrinsic Value_3Y_max--42.133--------
Intrinsic Value_3Y_min--40.159--------
Intrinsic Value_5Y_max--75.196--------
Intrinsic Value_5Y_min--69.518--------
Market Cap593469772800.000-73%1024878203300.0001000782583900.000+2%841157659650.000+22%915679671456.350+12%892120610414.864+15%
Net Profit Margin---0.0380.036-204%0.033-212%0.024-257%0.024-258%
Operating Margin--0.0340.060-43%0.047-27%0.031+10%0.033+5%
Operating Ratio--1.0590.991+7%0.722+47%0.845+25%0.923+15%
Pb Ratio1.784-27%2.2702.164+5%1.751+30%2.104+8%2.093+8%
Pe Ratio3799.736-27%4834.3311291.461+274%40.192+11928%341.397+1316%315.093+1434%
Price Per Share28.500-27%36.26035.408+2%29.760+22%31.597+15%30.779+18%
Price To Free Cash Flow Ratio2.289-27%2.9122.854+2%3.748-22%3.621-20%4.004-27%
Price To Total Gains Ratio-38.576+21%-49.080-8.712-82%110.566-144%79.356-162%74.812-166%
Quick Ratio--5.0315.093-1%2.621+92%2.219+127%2.031+148%
Return On Assets---0.0030.000-960%0.002-308%0.002-249%0.002-257%
Return On Equity---0.0450.004-1344%0.018-356%0.022-304%0.021-315%
Total Gains Per Share---0.7390.101-828%0.081-1017%0.407-282%0.914-181%
Usd Book Value--62483171200.00064163243400.000-3%66556110200.000-6%60707153200.000+3%59357293963.636+5%
Usd Book Value Change Per Share---0.177-0.013-93%-0.020-89%0.031-676%0.100-276%
Usd Book Value Per Share--2.2112.270-3%2.355-6%2.100+5%2.053+8%
Usd Dividend Per Share--0.0740.027+175%0.031+137%0.026+191%0.026+186%
Usd Eps--0.0000.021-99%0.041-99%0.047-99%0.044-99%
Usd Free Cash Flow--12178092800.00014076006600.000-13%11191923600.000+9%11120204720.000+10%10394538290.909+17%
Usd Free Cash Flow Per Share--0.4310.498-13%0.396+9%0.385+12%0.360+20%
Usd Free Cash Flow To Equity Per Share--0.5200.492+6%0.250+108%0.374+39%0.354+47%
Usd Market Cap82136216555.520-73%141843143336.720138508309611.760+2%116416220095.560+22%126730066529.559+12%123469492481.417+15%
Usd Price Per Share3.944-27%5.0184.900+2%4.119+22%4.373+15%4.260+18%
Usd Profit---2759972800.000269983800.000-1122%1157162400.000-339%1313623600.000-310%1234156836.364-324%
Usd Revenue--73573716800.00037124865800.000+98%24248614200.000+203%17970644880.000+309%18076688218.182+307%
Usd Total Gains Per Share---0.1020.014-828%0.011-1017%0.056-282%0.127-181%
 EOD+5 -3MRQTTM+9 -26YOY+14 -215Y+18 -1710Y+18 -17

3.2. Fundamental Score

Let's check the fundamental score of China Life Insurance Co Ltd A based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-153,799.736
Price to Book Ratio (EOD)Between0-11.784
Net Profit Margin (MRQ)Greater than0-0.038
Operating Margin (MRQ)Greater than00.034
Quick Ratio (MRQ)Greater than15.031
Current Ratio (MRQ)Greater than11.336
Debt to Asset Ratio (MRQ)Less than10.922
Debt to Equity Ratio (MRQ)Less than112.012
Return on Equity (MRQ)Greater than0.15-0.045
Return on Assets (MRQ)Greater than0.05-0.003
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of China Life Insurance Co Ltd A based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5045.374
Ma 20Greater thanMa 5029.023
Ma 50Greater thanMa 10028.749
Ma 100Greater thanMa 20029.143
OpenGreater thanClose28.300
Total1/5 (20.0%)



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
Net Income  5,609,000-4,552,0001,057,00016,828,00017,885,000-9,082,0008,803,000-28,745,000-19,942,000
Net Income from Continuing Operations  6,002,000-4,664,0001,338,00016,870,00018,208,000-9,034,0009,174,000-28,746,000-19,572,000



Latest Balance Sheet

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

Summary
Total Assets5,759,367,000
Total Liabilities5,307,899,000
Total Stockholder Equity441,878,000
 As reported
Total Liabilities 5,307,899,000
Total Stockholder Equity+ 441,878,000
Total Assets = 5,759,367,000

Assets

Total Assets5,759,367,000
Total Current Assets560,617,000
Long-term Assets0
Total Current Assets
Cash And Cash Equivalents 158,633,000
Short-term Investments 2,043,774,000
Net Receivables 67,207,000
Total Current Assets  (as reported)560,617,000
Total Current Assets  (calculated)2,269,614,000
+/- 1,708,997,000
Long-term Assets
Property Plant Equipment 54,595,000
Long Term Investments 4,292,967,000
Intangible Assets 8,340,000
Long-term Assets  (as reported)0
Long-term Assets  (calculated)4,355,902,000
+/- 4,355,902,000

Liabilities & Shareholders' Equity

Total Current Liabilities419,609,000
Long-term Liabilities0
Total Stockholder Equity441,878,000
Total Current Liabilities
Accounts payable 187,298,000
Other Current Liabilities 64,783,000
Total Current Liabilities  (as reported)419,609,000
Total Current Liabilities  (calculated)252,081,000
+/- 167,528,000
Long-term Liabilities
Capital Lease Obligations Min Short Term Debt1,280,000
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)1,280,000
+/- 1,280,000
Total Stockholder Equity
Common Stock28,265,000
Retained Earnings 361,636,000
Other Stockholders Equity 51,977,000
Total Stockholder Equity (as reported)441,878,000
Total Stockholder Equity (calculated)441,878,000
+/-0
Other
Capital Stock28,265,000
Common Stock Shares Outstanding 28,264,705
Net Invested Capital 454,514,000
Net Tangible Assets 433,538,000
Net Working Capital 141,008,000
Property Plant and Equipment Gross 54,595,000



Balance Sheet

Currency in CNY. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-30
> Total Assets 
3,043,178,000
3,116,499,000
3,254,403,000
3,373,287,000
3,479,860,000
3,609,078,000
3,726,734,000
0
3,966,033,000
0
4,252,410,000
0
4,652,793,000
0
4,891,085,000
0
5,173,524,000
5,128,085,000
5,251,988,000
5,462,586,000
5,507,193,000
5,759,367,000
5,759,367,0005,507,193,0005,462,586,0005,251,988,0005,128,085,0005,173,524,00004,891,085,00004,652,793,00004,252,410,00003,966,033,00003,726,734,0003,609,078,0003,479,860,0003,373,287,0003,254,403,0003,116,499,0003,043,178,000
   > Total Current Assets 
315,105,000
326,854,000
280,724,000
362,869,000
302,643,000
303,971,000
275,477,000
370,412,000
401,272,000
351,083,000
304,552,000
362,121,000
378,990,000
366,944,000
374,412,000
434,729,000
457,456,000
481,421,000
0
607,332,000
607,332,000
560,617,000
560,617,000607,332,000607,332,0000481,421,000457,456,000434,729,000374,412,000366,944,000378,990,000362,121,000304,552,000351,083,000401,272,000370,412,000275,477,000303,971,000302,643,000362,869,000280,724,000326,854,000315,105,000
       Cash And Cash Equivalents 
40,713,000
67,579,000
30,781,000
68,555,000
57,259,000
62,689,000
53,306,000
0
80,889,000
0
56,629,000
0
81,779,000
0
60,440,000
0
94,127,000
121,213,000
127,594,000
174,455,000
195,232,000
158,633,000
158,633,000195,232,000174,455,000127,594,000121,213,00094,127,000060,440,000081,779,000056,629,000080,889,000053,306,00062,689,00057,259,00068,555,00030,781,00067,579,00040,713,000
       Short-term Investments 
9,621,000
6,126,000
9,905,000
32,086,000
932,947,000
1,893,000
1,058,957,000
0
1,052,029,000
0
1,215,603,000
0
1,339,433,000
0
1,429,287,000
0
1,618,290,000
1,613,800,000
1,738,108,000
2,013,737,000
2,687,231,000
2,043,774,000
2,043,774,0002,687,231,0002,013,737,0001,738,108,0001,613,800,0001,618,290,00001,429,287,00001,339,433,00001,215,603,00001,052,029,00001,058,957,0001,893,000932,947,00032,086,0009,905,0006,126,0009,621,000
       Net Receivables 
50,198,000
42,297,000
28,710,000
74,185,000
41,710,000
51,461,000
23,605,000
84,282,000
57,437,000
56,865,000
27,000,000
66,087,000
52,377,000
57,594,000
36,532,000
68,689,000
56,341,000
58,228,000
33,106,000
58,692,000
58,692,000
67,207,000
67,207,00058,692,00058,692,00033,106,00058,228,00056,341,00068,689,00036,532,00057,594,00052,377,00066,087,00027,000,00056,865,00057,437,00084,282,00023,605,00051,461,00041,710,00074,185,00028,710,00042,297,00050,198,000
       Other Current Assets 
63,967,000
51,507,000
72,612,000
43,751,000
62,863,000
49,629,000
69,667,000
43,659,000
78,422,000
52,073,000
69,551,000
49,090,000
89,630,000
59,851,000
59,048,000
51,509,000
90,661,000
61,787,000
55,855,000
102,697,000
102,697,000
61,496,000
61,496,000102,697,000102,697,00055,855,00061,787,00090,661,00051,509,00059,048,00059,851,00089,630,00049,090,00069,551,00052,073,00078,422,00043,659,00069,667,00049,629,00062,863,00043,751,00072,612,00051,507,00063,967,000
   > Long-term Assets 0000000000000000000000
       Property Plant Equipment 
44,844,000
45,790,000
46,467,000
49,786,000
50,403,000
52,413,000
54,240,000
53,503,000
53,731,000
53,087,000
54,846,000
54,808,000
55,322,000
55,078,000
56,154,000
55,635,000
55,156,000
54,527,000
56,369,000
55,134,000
55,317,000
54,595,000
54,595,00055,317,00055,134,00056,369,00054,527,00055,156,00055,635,00056,154,00055,078,00055,322,00054,808,00054,846,00053,087,00053,731,00053,503,00054,240,00052,413,00050,403,00049,786,00046,467,00045,790,00044,844,000
       Long Term Investments 
2,242,163,000
2,282,811,000
2,438,252,000
2,430,624,000
2,165,256,000
2,639,741,000
2,352,299,000
0
2,431,506,000
0
2,806,126,000
0
3,116,063,000
0
3,427,764,000
0
3,654,670,000
3,667,365,000
3,797,281,000
4,128,122,000
4,671,588,000
4,292,967,000
4,292,967,0004,671,588,0004,128,122,0003,797,281,0003,667,365,0003,654,670,00003,427,764,00003,116,063,00002,806,126,00002,431,506,00002,352,299,0002,639,741,0002,165,256,0002,430,624,0002,438,252,0002,282,811,0002,242,163,000
       Intangible Assets 
6,312,000
8,033,000
8,119,000
8,062,000
8,024,000
7,970,000
7,830,000
0
0
0
8,056,000
0
0
0
8,011,000
0
0
8,396,000
8,092,000
8,443,000
8,374,000
8,340,000
8,340,0008,374,0008,443,0008,092,0008,396,000008,011,0000008,056,0000007,830,0007,970,0008,024,0008,062,0008,119,0008,033,0006,312,000
> Total Liabilities 
2,715,658,000
2,781,321,000
2,931,113,000
3,003,848,000
3,106,271,000
3,214,928,000
3,317,392,000
0
3,543,856,000
0
3,795,479,000
0
4,174,130,000
0
4,404,427,000
0
4,685,367,000
4,665,971,000
4,806,867,000
4,992,310,000
5,019,629,000
5,307,899,000
5,307,899,0005,019,629,0004,992,310,0004,806,867,0004,665,971,0004,685,367,00004,404,427,00004,174,130,00003,795,479,00003,543,856,00003,317,392,0003,214,928,0003,106,271,0003,003,848,0002,931,113,0002,781,321,0002,715,658,000
   > Total Current Liabilities 
399,617,000
308,904,000
522,310,000
262,558,000
401,426,000
341,699,000
497,561,000
311,520,000
421,934,000
319,690,000
516,507,000
371,316,000
558,389,000
442,470,000
643,754,000
395,688,000
573,446,000
326,922,000
415,225,000
435,120,000
435,120,000
419,609,000
419,609,000435,120,000435,120,000415,225,000326,922,000573,446,000395,688,000643,754,000442,470,000558,389,000371,316,000516,507,000319,690,000421,934,000311,520,000497,561,000341,699,000401,426,000262,558,000522,310,000308,904,000399,617,000
       Short-term Debt 
2,379,000
0
15,493,000
0
13,130,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000013,130,000015,493,00002,379,000
       Short Long Term Debt 
2,379,000
0
15,493,000
0
13,130,000
0
0
0
0
0
0
0
0
0
0
0
0
1,429,000
0
18,000
0
0
0018,00001,429,00000000000000013,130,000015,493,00002,379,000
       Accounts payable 
245,938,000
148,192,000
231,635,000
167,560,000
50,931,000
172,801,000
276,659,000
187,950,000
292,971,000
189,444,000
302,195,000
203,304,000
314,419,000
208,044,000
317,739,000
200,920,000
317,751,000
193,838,000
184,652,000
230,941,000
230,941,000
187,298,000
187,298,000230,941,000230,941,000184,652,000193,838,000317,751,000200,920,000317,739,000208,044,000314,419,000203,304,000302,195,000189,444,000292,971,000187,950,000276,659,000172,801,00050,931,000167,560,000231,635,000148,192,000245,938,000
       Other Current Liabilities 
33,045,000
28,256,000
63,708,000
34,057,000
30,521,000
27,178,000
75,130,000
36,123,000
54,495,000
42,839,000
68,878,000
40,232,000
53,453,000
30,070,000
63,877,000
95,055,000
60,884,000
29,711,000
63,938,000
50,665,000
50,665,000
64,783,000
64,783,00050,665,00050,665,00063,938,00029,711,00060,884,00095,055,00063,877,00030,070,00053,453,00040,232,00068,878,00042,839,00054,495,00036,123,00075,130,00027,178,00030,521,00034,057,00063,708,00028,256,00033,045,000
   > Long-term Liabilities 0000000000000000000000
       Capital Lease Obligations 
0
0
0
0
2,505,000
0
3,091,000
0
2,960,000
0
2,664,000
0
2,502,000
0
2,182,000
0
1,931,000
1,790,000
1,569,000
1,459,000
1,389,000
1,280,000
1,280,0001,389,0001,459,0001,569,0001,790,0001,931,00002,182,00002,502,00002,664,00002,960,00003,091,00002,505,0000000
       Deferred Long Term Liability 
610,000
0
931,000
0
812,000
0
1,120,000
0
935,000
0
1,062,000
0
865,000
0
822,000
0
627,000
0
0
439,000
439,000
0
0439,000439,00000627,0000822,0000865,00001,062,0000935,00001,120,0000812,0000931,0000610,000
> Total Stockholder Equity
323,008,000
330,385,000
318,371,000
364,356,000
368,434,000
388,754,000
403,764,000
0
415,906,000
0
450,051,000
0
471,449,000
0
478,585,000
0
479,850,000
453,446,000
436,169,000
460,964,000
477,935,000
441,878,000
441,878,000477,935,000460,964,000436,169,000453,446,000479,850,0000478,585,0000471,449,0000450,051,0000415,906,0000403,764,000388,754,000368,434,000364,356,000318,371,000330,385,000323,008,000
   Common Stock
28,265,000
28,265,000
28,265,000
28,265,000
28,265,000
28,265,000
28,265,000
28,265,000
28,265,000
28,265,000
28,265,000
28,265,000
28,265,000
28,265,000
28,265,000
28,265,000
28,265,000
28,265,000
28,265,000
0
28,265,000
28,265,000
28,265,00028,265,000028,265,00028,265,00028,265,00028,265,00028,265,00028,265,00028,265,00028,265,00028,265,00028,265,00028,265,00028,265,00028,265,00028,265,00028,265,00028,265,00028,265,00028,265,00028,265,000
   Retained Earnings 
238,208,000
241,654,000
232,984,000
256,161,000
161,644,000
283,063,000
283,536,000
300,626,000
293,237,000
309,780,000
312,970,000
341,496,000
335,788,000
343,315,000
345,717,000
360,895,000
352,828,000
358,529,000
201,688,000
361,583,000
361,583,000
361,636,000
361,636,000361,583,000361,583,000201,688,000358,529,000352,828,000360,895,000345,717,000343,315,000335,788,000341,496,000312,970,000309,780,000293,237,000300,626,000283,536,000283,063,000161,644,000256,161,000232,984,000241,654,000238,208,000
   Capital Surplus 0000000000000000000000
   Treasury Stock0000000000000000000000
   Other Stockholders Equity 
1,996,000
5,736,000
2,177,000
79,930,000
22,371,000
77,426,000
36,954,000
84,824,000
39,219,000
79,457,000
54,862,000
97,986,000
53,048,000
45,002,000
50,299,000
21,733,000
44,754,000
66,652,000
48,627,000
5,561,000
5,561,000
51,977,000
51,977,0005,561,0005,561,00048,627,00066,652,00044,754,00021,733,00050,299,00045,002,00053,048,00097,986,00054,862,00079,457,00039,219,00084,824,00036,954,00077,426,00022,371,00079,930,0002,177,0005,736,0001,996,000



Balance Sheet

Currency in CNY. All numbers in thousands.




Cash Flow

Currency in CNY. All numbers in thousands.




Income Statement

Currency in CNY. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue830,110,000
Cost of Revenue--
Gross Profit-830,110,000
 
Operating Income (+$)
Gross Profit-
Operating Expense-827,963,000
Operating Income--827,963,000
 
Operating Expense (+$)
Research Development-
Selling General Administrative43,094,000
Selling And Marketing Expenses-
Operating Expense827,963,00043,094,000
 
Net Interest Income (+$)
Interest Income-
Interest Expense--
Other Finance Cost-0
Net Interest Income-
 
Pretax Income (+$)
Operating Income-
Net Interest Income-
Other Non-Operating Income Expenses-
Income Before Tax (EBT)2,147,000-8,688,000
EBIT - interestExpense = 0
17,266,000
17,266,000
Interest Expense-
Earnings Before Interest and Taxes (EBIT)-2,147,000
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax2,147,000
Tax Provision--16,493,000
Net Income From Continuing Ops18,640,00018,640,000
Net Income17,266,000
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 Net8,688,0000
 

Technical Analysis of China Life Insurance Co Ltd A
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 China Life Insurance Co Ltd A. The general trend of China Life Insurance Co Ltd A is BEARISH with 71.4% 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 China Life Insurance Co Ltd A'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 (-71.4%) Bearish trend (71.4%)
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 China Life Insurance Co Ltd A.

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: 30.29 < 31.69 < 31.94.

The bearish price targets are: 27.54 > 25.44 > 25.09.

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China Life Insurance Co Ltd A 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 China Life Insurance Co Ltd A. The current mas is .

The long score for the Moving Averages is 2/14.
The longshort score for the Moving Averages is -10/(-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 lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower 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 lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower 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 lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below 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

China Life Insurance Co Ltd A 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 China Life Insurance Co Ltd A. The current macd is -0.25230981.

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 China Life Insurance Co Ltd A price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for China Life Insurance Co Ltd A. 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 China Life Insurance Co Ltd A 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
China Life Insurance Co Ltd A Daily Moving Average Convergence/Divergence (MACD) ChartChina Life Insurance Co Ltd A 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 China Life Insurance Co Ltd A. The current adx is 13.14.

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

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy China Life Insurance Co Ltd A shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
China Life Insurance Co Ltd A 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 China Life Insurance Co Ltd A. The current sar is 27.95.

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

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
China Life Insurance Co Ltd A 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 China Life Insurance Co Ltd A. The current rsi is 45.37. The current phase is Continuation in bear 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).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Trending up: The RSI is trending up. +1
China Life Insurance Co Ltd A Daily Relative Strength Index (RSI) ChartChina Life Insurance Co Ltd A 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 China Life Insurance Co Ltd A. The current phase is Continuation in bear 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 China Life Insurance Co Ltd A price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
China Life Insurance Co Ltd A Daily Stochastic Oscillator ChartChina Life Insurance Co Ltd A 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 China Life Insurance Co Ltd A. The current cci is -97.26794894.

China Life Insurance Co Ltd A Daily Commodity Channel Index (CCI) ChartChina Life Insurance Co Ltd A 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 China Life Insurance Co Ltd A. The current cmo is -11.6051799.

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
China Life Insurance Co Ltd A Daily Chande Momentum Oscillator (CMO) ChartChina Life Insurance Co Ltd A 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 China Life Insurance Co Ltd A. The current willr is -76.4957265.

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 China Life Insurance Co Ltd A is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
China Life Insurance Co Ltd A Daily Williams %R ChartChina Life Insurance Co Ltd A 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 China Life Insurance Co Ltd A.

China Life Insurance Co Ltd A 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 China Life Insurance Co Ltd A. The current atr is 0.69273806.

China Life Insurance Co Ltd A Daily Average True Range (ATR) ChartChina Life Insurance Co Ltd A 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 China Life Insurance Co Ltd A. The current obv is 131,485,543.

China Life Insurance Co Ltd A Daily On-Balance Volume (OBV) ChartChina Life Insurance Co Ltd A 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 China Life Insurance Co Ltd A. The current mfi is 44.77.

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
China Life Insurance Co Ltd A Daily Money Flow Index (MFI) ChartChina Life Insurance Co Ltd A Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for China Life Insurance Co Ltd A.

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
2023-11-02WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-06STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-07STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-09CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-11-10ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-13RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-14MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-11-15RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2023-11-17STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-21MACD 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.
2023-11-22STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-23STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-24STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-27SAR 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
2023-11-29STOCH SHORT EXITThe %K line crosses above the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-11-30MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2023-12-04STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-12-05ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-06STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-08STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-11STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-12MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-12-13STOCH 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
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-15MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-12-18STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-20STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-22MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-12-27SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-28RSI LONG ENTRY SHORT CLOSE30 crossover to upside
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).
2024-01-02STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-04SAR 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
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-08BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-01-09MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-10STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-01-11STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-16MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-01-17STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-23WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-24SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
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).
2024-01-25DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-29STOCH LONG EXITThe %K line crosses below the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-01-31STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-01STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-05STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-06CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-20RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-26RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-27SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-02-29MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-01STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-04CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-06WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-08DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-12DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-13STOCH 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
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-14CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-15DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-18DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-03-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-22DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-26STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-27STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-28DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

China Life Insurance Co Ltd A Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of China Life Insurance Co Ltd A based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5045.374
Ma 20Greater thanMa 5029.023
Ma 50Greater thanMa 10028.749
Ma 100Greater thanMa 20029.143
OpenGreater thanClose28.300
Total1/5 (20.0%)
Penke

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