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Zhejiang Taihua New Material
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Let's analyse Zhejiang Taihua New Material together

PenkeI guess you are interested in Zhejiang Taihua New Material. 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 Zhejiang Taihua New Material. 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 Zhejiang Taihua New Material (30 sec.)










What can you expect buying and holding a share of Zhejiang Taihua New Material? (30 sec.)

How much money do you get?

How much money do you get?
¥0.02
When do you have the money?
1 year
How often do you get paid?
96.7%

What is your share worth?

Current worth
¥4.87
Expected worth in 1 year
¥5.26
How sure are you?
96.7%

+ What do you gain per year?

Total Gains per Share
¥0.57
Return On Investment
6.4%

For what price can you sell your share?

Current Price per Share
¥8.83
Expected price per share
¥7.78 - ¥11.00
How sure are you?
50%

1. Valuation of Zhejiang Taihua New Material (5 min.)




Live pricePrice per Share (EOD)

¥8.83

Intrinsic Value Per Share

¥-15.03 - ¥-17.83

Total Value Per Share

¥-10.17 - ¥-12.97

2. Growth of Zhejiang Taihua New Material (5 min.)




Is Zhejiang Taihua New Material growing?

Current yearPrevious yearGrowGrow %
How rich?$599.6m$537.7m$42.3m7.3%

How much money is Zhejiang Taihua New Material making?

Current yearPrevious yearGrowGrow %
Making money$10.3m$13.2m-$2.9m-28.6%
Net Profit Margin6.1%9.2%--

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

3. Financial Health of Zhejiang Taihua New Material (5 min.)




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




  Industry Rankings (Textile Manufacturing)  


Richest
#29 / 299

Most Revenue
#69 / 299

Most Profit
#48 / 299

What can you expect buying and holding a share of Zhejiang Taihua New Material? (5 min.)

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

What can you expect buying and holding a share of Zhejiang Taihua New Material?

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

Speculation

The Price per Share of Zhejiang Taihua New Material is ¥8.83. 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 Zhejiang Taihua New Material.
  • 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 Zhejiang Taihua New Material, 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 ¥4.87. Based on the TTM, the Book Value Change Per Share is ¥0.10 per quarter. Based on the YOY, the Book Value Change Per Share is ¥0.11 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 ¥0.04 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Zhejiang Taihua New Material.

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 Eps0.020.3%0.010.1%0.010.2%0.010.1%0.010.1%
Usd Book Value Change Per Share0.020.3%0.010.2%0.020.2%0.010.2%0.020.3%
Usd Dividend Per Share0.010.2%0.010.1%0.020.2%0.010.1%0.010.1%
Usd Total Gains Per Share0.040.4%0.020.2%0.030.3%0.020.2%0.030.3%
Usd Price Per Share1.52-1.50-1.75-1.35-1.28-
Price to Earnings Ratio16.96--1.41-31.51-72.18-54.82-
Price-to-Total Gains Ratio42.00-90.58-64.28-118.00-116.37-
Price to Book Ratio2.25-2.30-2.91-2.64-2.80-
Price-to-Total Gains Ratio42.00-90.58-64.28-118.00-116.37-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share1.222072
Number of shares818
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.010.01
Usd Book Value Change Per Share0.010.01
Usd Total Gains Per Share0.020.02
Gains per Quarter (818 shares)16.0717.06
Gains per Year (818 shares)64.3068.22
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1204554224758
239891184393126
35913418265140194
47917824687186262
599223310108233330
6118267374130279398
7138312438151326466
8158356502173373534
9178401566195419602
10197446630216466670

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 Share3.01.00.075.0%11.01.00.091.7%19.01.00.095.0%29.01.00.096.7%29.01.00.096.7%
Book Value Change Per Share4.00.00.0100.0%11.01.00.091.7%16.03.01.080.0%24.03.03.080.0%24.03.03.080.0%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%19.00.01.095.0%29.00.01.096.7%29.00.01.096.7%
Total Gains per Share4.00.00.0100.0%12.00.00.0100.0%19.00.01.095.0%29.00.01.096.7%29.00.01.096.7%

Fundamentals of Zhejiang Taihua New Material

About Zhejiang Taihua New Material

Zhejiang Taihua New Material Co.,Ltd engages in the research and development, spinning, weaving, dyeing, finishing, and selling of environmental protection and health, outdoor sports, special protection, and other functional fabrics in the People's Republic of China. The company offers cool, antibacterial, hygroscopic and sweat releasing, recycled environment-friendly, nylon mechanical stretch, air textured, and dope dyed yarns; nylon filaments; grey fabrics; and functional finished fabrics. It also trades in finished nylon fabrics. The company's products are used in military, aerospace, and other industrial fields. It also exports its products. The company was founded in 2001 and is based in Jiaxing, China.

Fundamental data was last updated by Penke on 2024-03-27 20:57:07.

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 inefficient 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 just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

Valuation

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

1.1. Profitability of Zhejiang Taihua New Material.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Zhejiang Taihua New Material earns for each ¥1 of revenue.

  • Above 10% is considered healthy but always compare Zhejiang Taihua New Material to the Textile Manufacturing industry mean.
  • A Net Profit Margin of 10.9% means that ¥0.11 for each ¥1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Zhejiang Taihua New Material:

  • The MRQ is 10.9%. The company is making a huge profit. +2
  • The TTM is 6.1%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ10.9%TTM6.1%+4.8%
TTM6.1%YOY9.2%-3.0%
TTM6.1%5Y7.4%-1.2%
5Y7.4%10Y8.9%-1.5%
Compared to industry (Textile Manufacturing)
PeriodCompanyIndustry (mean)+/- 
MRQ10.9%2.2%+8.7%
TTM6.1%1.8%+4.3%
YOY9.2%3.7%+5.5%
5Y7.4%2.1%+5.3%
10Y8.9%2.5%+6.4%
1.1.2. Return on Assets

Shows how efficient Zhejiang Taihua New Material is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Zhejiang Taihua New Material to the Textile Manufacturing industry mean.
  • 1.5% Return on Assets means that Zhejiang Taihua New Material generated ¥0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Zhejiang Taihua New Material:

  • The MRQ is 1.5%. Using its assets, the company is less efficient in making profit.
  • The TTM is 0.8%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ1.5%TTM0.8%+0.7%
TTM0.8%YOY1.4%-0.6%
TTM0.8%5Y1.1%-0.3%
5Y1.1%10Y1.5%-0.5%
Compared to industry (Textile Manufacturing)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5%0.6%+0.9%
TTM0.8%0.5%+0.3%
YOY1.4%1.1%+0.3%
5Y1.1%0.9%+0.2%
10Y1.5%0.9%+0.6%
1.1.3. Return on Equity

Shows how efficient Zhejiang Taihua New Material is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Zhejiang Taihua New Material to the Textile Manufacturing industry mean.
  • 3.3% Return on Equity means Zhejiang Taihua New Material generated ¥0.03 for each ¥1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Zhejiang Taihua New Material:

  • The MRQ is 3.3%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 1.8%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ3.3%TTM1.8%+1.6%
TTM1.8%YOY2.5%-0.7%
TTM1.8%5Y2.0%-0.3%
5Y2.0%10Y2.8%-0.8%
Compared to industry (Textile Manufacturing)
PeriodCompanyIndustry (mean)+/- 
MRQ3.3%1.2%+2.1%
TTM1.8%1.2%+0.6%
YOY2.5%2.5%0.0%
5Y2.0%1.8%+0.2%
10Y2.8%1.8%+1.0%

1.2. Operating Efficiency of Zhejiang Taihua New Material.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Zhejiang Taihua New Material is operating .

  • Measures how much profit Zhejiang Taihua New Material 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 Zhejiang Taihua New Material to the Textile Manufacturing industry mean.
  • An Operating Margin of 0.0% means the company generated ¥0.00  for each ¥1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Zhejiang Taihua New Material:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM4.1%-4.1%
TTM4.1%YOY9.7%-5.6%
TTM4.1%5Y8.1%-4.0%
5Y8.1%10Y5.4%+2.7%
Compared to industry (Textile Manufacturing)
PeriodCompanyIndustry (mean)+/- 
MRQ-4.3%-4.3%
TTM4.1%2.0%+2.1%
YOY9.7%5.1%+4.6%
5Y8.1%4.2%+3.9%
10Y5.4%3.9%+1.5%
1.2.2. Operating Ratio

Measures how efficient Zhejiang Taihua New Material is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Textile Manufacturing industry mean).
  • An Operation Ratio of 1.63 means that the operating costs are ¥1.63 for each ¥1 in net sales.

Let's take a look of the Operating Ratio trends of Zhejiang Taihua New Material:

  • The MRQ is 1.629. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.684. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.629TTM1.684-0.054
TTM1.684YOY1.642+0.042
TTM1.6845Y1.567+0.117
5Y1.56710Y1.272+0.295
Compared to industry (Textile Manufacturing)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6291.660-0.031
TTM1.6841.676+0.008
YOY1.6421.628+0.014
5Y1.5671.623-0.056
10Y1.2721.380-0.108

1.3. Liquidity of Zhejiang Taihua New Material.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Zhejiang Taihua New Material is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Textile Manufacturing industry mean).
  • A Current Ratio of 1.38 means the company has ¥1.38 in assets for each ¥1 in short-term debts.

Let's take a look of the Current Ratio trends of Zhejiang Taihua New Material:

  • The MRQ is 1.379. The company is just able to pay all its short-term debts.
  • The TTM is 1.403. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.379TTM1.403-0.024
TTM1.403YOY1.563-0.160
TTM1.4035Y1.467-0.064
5Y1.46710Y0.978+0.489
Compared to industry (Textile Manufacturing)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3791.491-0.112
TTM1.4031.469-0.066
YOY1.5631.494+0.069
5Y1.4671.521-0.054
10Y0.9781.315-0.337
1.3.2. Quick Ratio

Measures if Zhejiang Taihua New Material is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Zhejiang Taihua New Material to the Textile Manufacturing industry mean.
  • A Quick Ratio of 0.31 means the company can pay off ¥0.31 for each ¥1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Zhejiang Taihua New Material:

  • The MRQ is 0.307. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.322. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.307TTM0.322-0.015
TTM0.322YOY0.449-0.127
TTM0.3225Y0.421-0.099
5Y0.42110Y0.393+0.027
Compared to industry (Textile Manufacturing)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3070.551-0.244
TTM0.3220.577-0.255
YOY0.4490.634-0.185
5Y0.4210.620-0.199
10Y0.3930.576-0.183

1.4. Solvency of Zhejiang Taihua New Material.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Zhejiang Taihua New Material assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Zhejiang Taihua New Material to Textile Manufacturing industry mean.
  • A Debt to Asset Ratio of 0.56 means that Zhejiang Taihua New Material assets are financed with 55.8% credit (debt) and the remaining percentage (100% - 55.8%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Zhejiang Taihua New Material:

  • The MRQ is 0.558. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.511. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.558TTM0.511+0.047
TTM0.511YOY0.453+0.058
TTM0.5115Y0.453+0.058
5Y0.45310Y0.452+0.001
Compared to industry (Textile Manufacturing)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5580.489+0.069
TTM0.5110.487+0.024
YOY0.4530.485-0.032
5Y0.4530.502-0.049
10Y0.4520.519-0.067
1.4.2. Debt to Equity Ratio

Measures if Zhejiang Taihua New Material is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Zhejiang Taihua New Material to the Textile Manufacturing industry mean.
  • A Debt to Equity ratio of 126.3% means that company has ¥1.26 debt for each ¥1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Zhejiang Taihua New Material:

  • The MRQ is 1.263. The company is able to pay all its debts with equity. +1
  • The TTM is 1.058. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.263TTM1.058+0.205
TTM1.058YOY0.831+0.227
TTM1.0585Y0.842+0.216
5Y0.84210Y0.874-0.032
Compared to industry (Textile Manufacturing)
PeriodCompanyIndustry (mean)+/- 
MRQ1.2630.870+0.393
TTM1.0580.903+0.155
YOY0.8310.905-0.074
5Y0.8420.997-0.155
10Y0.8741.163-0.289

2. Market Valuation of Zhejiang Taihua New Material

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 Zhejiang Taihua New Material generates.

  • Above 15 is considered overpriced but always compare Zhejiang Taihua New Material to the Textile Manufacturing industry mean.
  • A PE ratio of 16.96 means the investor is paying ¥16.96 for every ¥1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Zhejiang Taihua New Material:

  • The EOD is 13.664. Based on the earnings, the company is underpriced. +1
  • The MRQ is 16.960. Based on the earnings, the company is fair priced.
  • The TTM is -1.414. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD13.664MRQ16.960-3.296
MRQ16.960TTM-1.414+18.374
TTM-1.414YOY31.509-32.922
TTM-1.4145Y72.176-73.590
5Y72.17610Y54.821+17.356
Compared to industry (Textile Manufacturing)
PeriodCompanyIndustry (mean)+/- 
EOD13.6647.682+5.982
MRQ16.9607.177+9.783
TTM-1.4147.076-8.490
YOY31.5097.958+23.551
5Y72.17610.526+61.650
10Y54.82114.684+40.137
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Zhejiang Taihua New Material:

  • The EOD is -6.911. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -8.578. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -8.345. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-6.911MRQ-8.578+1.667
MRQ-8.578TTM-8.345-0.233
TTM-8.345YOY5.965-14.311
TTM-8.3455Y-11.809+3.464
5Y-11.80910Y-8.766-3.044
Compared to industry (Textile Manufacturing)
PeriodCompanyIndustry (mean)+/- 
EOD-6.9112.941-9.852
MRQ-8.5782.200-10.778
TTM-8.3451.322-9.667
YOY5.9651.143+4.822
5Y-11.8090.616-12.425
10Y-8.7661.196-9.962
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Zhejiang Taihua New Material is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Textile Manufacturing industry mean).
  • A PB ratio of 2.25 means the investor is paying ¥2.25 for each ¥1 in book value.

Let's take a look of the Price to Book Ratio trends of Zhejiang Taihua New Material:

  • The EOD is 1.815. Based on the equity, the company is underpriced. +1
  • The MRQ is 2.252. Based on the equity, the company is underpriced. +1
  • The TTM is 2.304. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.815MRQ2.252-0.438
MRQ2.252TTM2.304-0.051
TTM2.304YOY2.914-0.611
TTM2.3045Y2.639-0.336
5Y2.63910Y2.800-0.161
Compared to industry (Textile Manufacturing)
PeriodCompanyIndustry (mean)+/- 
EOD1.8151.078+0.737
MRQ2.2521.067+1.185
TTM2.3041.017+1.287
YOY2.9141.121+1.793
5Y2.6391.035+1.604
10Y2.8001.265+1.535
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Zhejiang Taihua New Material 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--0.1640.098+67%0.110+49%0.103+60%0.162+1%
Book Value Per Share--4.8664.701+3%4.363+12%3.721+31%3.171+53%
Current Ratio--1.3791.403-2%1.563-12%1.467-6%0.978+41%
Debt To Asset Ratio--0.5580.511+9%0.453+23%0.453+23%0.452+24%
Debt To Equity Ratio--1.2631.058+19%0.831+52%0.842+50%0.874+44%
Dividend Per Share--0.0970.044+122%0.109-11%0.048+102%0.050+93%
Eps--0.1620.084+93%0.108+50%0.078+108%0.083+95%
Free Cash Flow Per Share---0.319-0.339+6%-0.068-79%-0.154-52%-0.056-83%
Free Cash Flow To Equity Per Share---0.319-0.282-12%0.010-3453%-0.090-72%0.001-36635%
Gross Profit Margin--1.0001.0000%1.0000%0.950+5%0.967+3%
Intrinsic Value_10Y_max---17.834--------
Intrinsic Value_10Y_min---15.032--------
Intrinsic Value_1Y_max---0.802--------
Intrinsic Value_1Y_min---0.787--------
Intrinsic Value_3Y_max---3.160--------
Intrinsic Value_3Y_min---3.001--------
Intrinsic Value_5Y_max---6.423--------
Intrinsic Value_5Y_min---5.897--------
Market Cap7862823680.640-24%9759518407.6809655215700.365+1%11262181483.680-13%8697697481.530+12%8209558759.461+19%
Net Profit Margin--0.1090.061+77%0.092+19%0.074+47%0.089+23%
Operating Margin---0.041-100%0.097-100%0.081-100%0.054-100%
Operating Ratio--1.6291.684-3%1.642-1%1.567+4%1.272+28%
Pb Ratio1.815-24%2.2522.304-2%2.914-23%2.639-15%2.800-20%
Pe Ratio13.664-24%16.960-1.414+108%31.509-46%72.176-77%54.821-69%
Price Per Share8.830-24%10.96010.830+1%12.648-13%9.765+12%9.218+19%
Price To Free Cash Flow Ratio-6.911+19%-8.578-8.345-3%5.965-244%-11.809+38%-8.766+2%
Price To Total Gains Ratio33.836-24%41.99890.576-54%64.278-35%118.000-64%116.366-64%
Quick Ratio--0.3070.322-5%0.449-32%0.421-27%0.393-22%
Return On Assets--0.0150.008+83%0.014+8%0.011+37%0.015-5%
Return On Equity--0.0330.018+90%0.025+34%0.020+65%0.028+18%
Total Gains Per Share--0.2610.142+84%0.219+19%0.151+73%0.212+23%
Usd Book Value--599669876.788580083966.362+3%537737932.087+12%458690604.413+31%390923453.100+53%
Usd Book Value Change Per Share--0.0230.014+67%0.015+49%0.014+60%0.022+1%
Usd Book Value Per Share--0.6730.651+3%0.604+12%0.515+31%0.439+53%
Usd Dividend Per Share--0.0130.006+122%0.015-11%0.007+102%0.007+93%
Usd Eps--0.0220.012+93%0.015+50%0.011+108%0.011+95%
Usd Free Cash Flow---39365294.601-41870491.460+6%-8346424.467-79%-18961907.131-52%-6621640.924-83%
Usd Free Cash Flow Per Share---0.044-0.047+6%-0.009-79%-0.021-52%-0.008-83%
Usd Free Cash Flow To Equity Per Share---0.044-0.039-12%0.001-3453%-0.012-72%0.000-36635%
Usd Market Cap1088214797.401-24%1350717347.6231336281852.931+1%1558685917.341-13%1203761331.444+12%1136202932.309+19%
Usd Price Per Share1.222-24%1.5171.499+1%1.750-13%1.351+12%1.276+19%
Usd Profit--19910372.85810323971.237+93%13278589.889+50%9514962.328+109%10164944.651+96%
Usd Revenue--182573155.800156218982.586+17%145260148.509+26%117451285.491+55%108657844.693+68%
Usd Total Gains Per Share--0.0360.020+84%0.030+19%0.021+73%0.029+23%
 EOD+3 -5MRQTTM+25 -10YOY+19 -165Y+22 -1410Y+22 -14

3.2. Fundamental Score

Let's check the fundamental score of Zhejiang Taihua New Material based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1513.664
Price to Book Ratio (EOD)Between0-11.815
Net Profit Margin (MRQ)Greater than00.109
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.307
Current Ratio (MRQ)Greater than11.379
Debt to Asset Ratio (MRQ)Less than10.558
Debt to Equity Ratio (MRQ)Less than11.263
Return on Equity (MRQ)Greater than0.150.033
Return on Assets (MRQ)Greater than0.050.015
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of Zhejiang Taihua New Material based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5036.290
Ma 20Greater thanMa 509.552
Ma 50Greater thanMa 1009.703
Ma 100Greater thanMa 20010.892
OpenGreater thanClose9.060
Total2/5 (40.0%)



Latest Balance Sheet

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

Summary
Total Assets9,809,737
Total Liabilities5,476,862
Total Stockholder Equity4,334,914
 As reported
Total Liabilities 5,476,862
Total Stockholder Equity+ 4,334,914
Total Assets = 9,809,737

Assets

Total Assets9,809,737
Total Current Assets3,825,029
Long-term Assets5,984,708
Total Current Assets
Cash And Cash Equivalents 666,620
Short-term Investments 6,943
Net Receivables 844,722
Inventory 1,924,231
Other Current Assets 64,424
Total Current Assets  (as reported)3,825,029
Total Current Assets  (calculated)3,506,940
+/- 318,088
Long-term Assets
Property Plant Equipment 5,091,794
Intangible Assets 341,308
Long-term Assets Other 310,110
Long-term Assets  (as reported)5,984,708
Long-term Assets  (calculated)5,743,212
+/- 241,497

Liabilities & Shareholders' Equity

Total Current Liabilities2,774,134
Long-term Liabilities2,702,728
Total Stockholder Equity4,334,914
Total Current Liabilities
Short Long Term Debt 482,419
Accounts payable 2,013,804
Other Current Liabilities 6,255
Total Current Liabilities  (as reported)2,774,134
Total Current Liabilities  (calculated)2,502,479
+/- 271,655
Long-term Liabilities
Long term Debt 2,492,344
Capital Lease Obligations Min Short Term Debt78,985
Long-term Liabilities  (as reported)2,702,728
Long-term Liabilities  (calculated)2,571,328
+/- 131,400
Total Stockholder Equity
Retained Earnings 2,062,273
Total Stockholder Equity (as reported)4,334,914
Total Stockholder Equity (calculated)2,062,273
+/- 2,272,641
Other
Capital Stock890,461
Common Stock Shares Outstanding 890,461
Net Debt 2,308,143
Net Invested Capital 7,309,677
Net Working Capital 1,050,895
Property Plant and Equipment Gross 5,091,794



Balance Sheet

Currency in CNY. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312015-12-312015-06-302015-03-312014-12-312013-12-312012-12-31
> Total Assets 
3,215,805
3,609,632
3,453,892
3,373,797
3,373,797
3,129,620
2,936,312
0
3,063,705
3,502,623
3,306,433
3,454,984
3,657,071
3,673,535
0
4,503,064
4,477,106
4,425,071
4,592,010
4,611,209
5,005,220
5,124,023
5,453,003
5,839,782
6,334,381
6,507,689
6,427,876
7,263,016
7,275,705
7,520,831
7,586,048
8,077,147
9,095,977
9,809,737
9,809,7379,095,9778,077,1477,586,0487,520,8317,275,7057,263,0166,427,8766,507,6896,334,3815,839,7825,453,0035,124,0235,005,2204,611,2094,592,0104,425,0714,477,1064,503,06403,673,5353,657,0713,454,9843,306,4333,502,6233,063,70502,936,3123,129,6203,373,7973,373,7973,453,8923,609,6323,215,805
   > Total Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,372,418
2,216,532
2,071,838
2,081,603
2,007,924
2,237,073
2,189,828
2,184,141
2,605,521
3,040,528
3,113,903
2,915,683
3,475,574
3,397,891
3,275,300
2,975,336
3,211,768
3,561,536
3,825,029
3,825,0293,561,5363,211,7682,975,3363,275,3003,397,8913,475,5742,915,6833,113,9033,040,5282,605,5212,184,1412,189,8282,237,0732,007,9242,081,6032,071,8382,216,5322,372,418000000000000000
       Cash And Cash Equivalents 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
787,302
575,084
425,607
353,845
272,029
413,241
360,810
310,954
354,238
411,395
355,823
429,678
906,091
822,557
649,443
504,001
593,969
680,703
666,620
666,620680,703593,969504,001649,443822,557906,091429,678355,823411,395354,238310,954360,810413,241272,029353,845425,607575,084787,302000000000000000
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
100,032
76,516
86,741
85,883
130,252
116,117
164,245
158,220
86,521
102,746
61,687
30,186
61,884
43,364
0
6,943
6,943043,36461,88430,18661,687102,74686,521158,220164,245116,117130,25285,88386,74176,516100,032000000000000000000
       Net Receivables 
460,463
607,116
590,672
649,299
649,299
566,490
395,191
0
567,341
462,970
433,074
395,494
586,590
524,879
0
367,675
493,026
495,408
616,211
592,056
621,529
590,148
655,615
680,809
912,671
1,174,112
946,914
826,175
890,701
775,964
729,387
634,265
778,745
844,722
844,722778,745634,265729,387775,964890,701826,175946,9141,174,112912,671680,809655,615590,148621,529592,056616,211495,408493,026367,6750524,879586,590395,494433,074462,970567,3410395,191566,490649,299649,299590,672607,116460,463
       Other Current Assets 
36,395
50,210
21,351
21,688
21,688
23,303
25,041
0
16,321
52,940
16,089
53,956
57,379
61,451
0
81,934
54,231
47,356
196,159
105,892
128,992
174,671
228,827
211,607
219,991
122,356
157,796
120,990
117,730
143,034
95,128
93,630
216,749
64,424
64,424216,74993,63095,128143,034117,730120,990157,796122,356219,991211,607228,827174,671128,992105,892196,15947,35654,23181,934061,45157,37953,95616,08952,94016,321025,04123,30321,68821,68821,35150,21036,395
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,130,646
2,260,575
2,353,233
2,510,407
2,603,285
2,768,147
2,934,195
3,268,862
3,234,261
3,293,852
3,393,786
3,512,193
3,787,442
3,877,814
4,245,531
4,610,713
4,865,379
5,534,441
5,984,708
5,984,7085,534,4414,865,3794,610,7134,245,5313,877,8143,787,4423,512,1933,393,7863,293,8523,234,2613,268,8622,934,1952,768,1472,603,2852,510,4072,353,2332,260,5752,130,646000000000000000
       Property Plant Equipment 
1,385,021
1,538,427
1,489,187
1,414,198
1,414,198
1,351,401
1,284,238
0
1,271,218
1,286,965
1,338,099
1,403,083
1,441,995
1,495,252
1,703,105
1,901,878
1,958,049
2,052,153
2,132,552
2,178,716
2,271,933
2,448,817
2,875,745
2,866,306
2,925,401
3,025,133
3,052,066
3,096,883
3,166,721
3,437,907
3,787,391
3,938,632
4,684,274
5,091,794
5,091,7944,684,2743,938,6323,787,3913,437,9073,166,7213,096,8833,052,0663,025,1332,925,4012,866,3062,875,7452,448,8172,271,9332,178,7162,132,5522,052,1531,958,0491,901,8781,703,1051,495,2521,441,9951,403,0831,338,0991,286,9651,271,21801,284,2381,351,4011,414,1981,414,1981,489,1871,538,4271,385,021
       Intangible Assets 
138,947
136,447
127,955
125,503
125,503
122,153
117,335
0
114,729
113,969
123,747
122,869
121,999
121,122
0
120,281
163,723
172,508
172,280
171,112
209,383
207,997
218,526
217,381
215,947
214,601
264,933
355,229
351,485
349,232
347,359
345,421
343,399
341,308
341,308343,399345,421347,359349,232351,485355,229264,933214,601215,947217,381218,526207,997209,383171,112172,280172,508163,723120,2810121,122121,999122,869123,747113,969114,7290117,335122,153125,503125,503127,955136,447138,947
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
29,933
60,639
54,908
127,367
175,112
208,208
2,646,102
2,968,455
71,127
63,282
60,931
104,629
244,896
251,473
349,400
337,700
445,218
290,196
310,110
310,110290,196445,218337,700349,400251,473244,896104,62960,93163,28271,1272,968,4552,646,102208,208175,112127,36754,90860,63929,933000000000000000
> Total Liabilities 
2,249,591
2,528,889
2,293,088
2,194,721
2,194,721
1,942,282
1,538,070
0
1,497,913
1,311,104
1,023,691
1,094,278
1,260,571
1,172,457
0
1,881,400
1,874,618
1,774,239
1,937,203
1,939,229
2,356,590
2,411,183
2,450,691
2,739,795
3,112,362
2,918,547
2,719,357
3,327,222
3,360,877
3,538,412
3,502,584
3,914,708
4,909,323
5,476,862
5,476,8624,909,3233,914,7083,502,5843,538,4123,360,8773,327,2222,719,3572,918,5473,112,3622,739,7952,450,6912,411,1832,356,5901,939,2291,937,2031,774,2391,874,6181,881,40001,172,4571,260,5711,094,2781,023,6911,311,1041,497,91301,538,0701,942,2822,194,7212,194,7212,293,0882,528,8892,249,591
   > Total Current Liabilities 
2,005,188
2,189,696
2,079,528
2,041,010
2,041,010
1,841,754
1,512,742
0
1,454,470
1,255,002
1,002,131
1,073,660
1,240,895
1,153,723
0
1,402,710
1,393,074
1,289,454
1,358,398
1,272,320
1,555,661
1,501,921
1,373,571
1,460,556
1,902,258
1,937,261
1,873,493
2,002,233
2,208,532
2,302,370
2,124,478
2,134,070
2,680,461
2,774,134
2,774,1342,680,4612,134,0702,124,4782,302,3702,208,5322,002,2331,873,4931,937,2611,902,2581,460,5561,373,5711,501,9211,555,6611,272,3201,358,3981,289,4541,393,0741,402,71001,153,7231,240,8951,073,6601,002,1311,255,0021,454,47001,512,7421,841,7542,041,0102,041,0102,079,5282,189,6962,005,188
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
493,932
538,201
546,011
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000546,011538,201493,932000000000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
493,932
538,201
546,011
517,868
422,734
453,527
373,768
275,266
254,169
343,889
303,363
290,767
261,621
264,233
243,265
208,451
386,512
491,635
482,419
482,419491,635386,512208,451243,265264,233261,621290,767303,363343,889254,169275,266373,768453,527422,734517,868546,011538,201493,932000000000000000
       Accounts payable 
533,108
513,814
561,062
538,303
538,303
488,343
467,062
0
544,829
542,412
455,611
554,072
490,708
504,267
0
840,596
734,249
671,219
747,607
770,630
1,002,176
1,049,283
939,238
1,098,540
1,299,534
1,265,630
1,162,119
1,350,049
1,314,516
1,632,750
1,478,972
1,361,885
1,824,204
2,013,804
2,013,8041,824,2041,361,8851,478,9721,632,7501,314,5161,350,0491,162,1191,265,6301,299,5341,098,540939,2381,049,2831,002,176770,630747,607671,219734,249840,5960504,267490,708554,072455,611542,412544,8290467,062488,343538,303538,303561,062513,814533,108
       Other Current Liabilities 
102,337
77,077
65,030
73,071
73,071
178,971
96,363
0
96,194
110,026
99,870
85,288
222,842
130,081
0
0
0
29,499
22,913
41,557
47,653
42,595
41,195
56,700
60,378
174,927
61,541
102,430
232,068
99,809
91,257
8,229
130,907
6,255
6,255130,9078,22991,25799,809232,068102,43061,541174,92760,37856,70041,19542,59547,65341,55722,91329,499000130,081222,84285,28899,870110,02696,194096,363178,97173,07173,07165,03077,077102,337
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
478,691
481,544
484,785
578,805
666,909
800,929
909,261
1,077,120
1,279,240
1,210,104
981,286
845,864
1,324,988
1,152,345
1,236,042
1,378,105
1,780,638
2,228,862
2,702,728
2,702,7282,228,8621,780,6381,378,1051,236,0421,152,3451,324,988845,864981,2861,210,1041,279,2401,077,120909,261800,929666,909578,805484,785481,544478,691000000000000000
       Capital Lease Obligations Min Short Term Debt
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-493,932
-538,201
-546,011
0
0
0
0
0
0
4,099
2,272
3,208
2,701
3,276
1,423
4,067
3,863
38,855
78,985
78,98538,8553,8634,0671,4233,2762,7013,2082,2724,099000000-546,011-538,201-493,932000000000000000
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
458,223
462,205
466,575
559,713
636,134
771,698
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000771,698636,134559,713466,575462,205458,223000000000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
12,111
12,647
12,194
10,292
10,178
8,994
7,807
6,718
7,624
7,279
6,258
6,688
9,240
8,784
7,833
6,921
31,045
0
0
0
00031,0456,9217,8338,7849,2406,6886,2587,2797,6246,7187,8078,99410,17810,29212,19412,64712,11100000000000000
> Total Stockholder Equity
966,214
1,080,743
1,160,804
1,179,076
1,179,076
1,187,338
1,398,243
1,398,243
1,565,791
2,191,519
2,282,741
2,360,706
2,396,500
2,501,078
0
2,621,664
2,602,488
2,650,832
2,654,807
2,671,980
2,643,747
2,708,653
3,003,064
3,100,981
3,223,068
3,590,194
3,709,723
3,937,455
3,916,604
3,984,183
4,085,279
4,164,271
4,188,669
4,334,914
4,334,9144,188,6694,164,2714,085,2793,984,1833,916,6043,937,4553,709,7233,590,1943,223,0683,100,9813,003,0642,708,6532,643,7472,671,9802,654,8072,650,8322,602,4882,621,66402,501,0782,396,5002,360,7062,282,7412,191,5191,565,7911,398,2431,398,2431,187,3381,179,0761,179,0761,160,8041,080,743966,214
   Common Stock
480,000
480,000
480,000
480,000
480,000
480,000
480,000
0
480,000
547,600
547,600
547,600
547,600
547,600
547,600
547,600
766,641
766,642
766,642
766,643
766,644
774,241
832,045
832,045
832,046
864,890
868,874
868,880
868,882
868,756
892,290
0
0
0
000892,290868,756868,882868,880868,874864,890832,046832,045832,045774,241766,644766,643766,642766,642766,641547,600547,600547,600547,600547,600547,600547,600480,0000480,000480,000480,000480,000480,000480,000480,000
   Retained Earnings 
252,469
367,123
447,170
465,446
465,446
473,706
684,611
0
852,160
922,887
1,014,110
1,092,075
1,127,869
1,232,446
1,230,923
1,215,966
1,196,786
1,245,120
1,315,375
1,332,919
1,304,682
1,346,535
1,372,405
1,470,321
1,592,399
1,707,632
1,790,069
1,904,828
1,881,922
1,939,781
1,908,647
1,898,828
1,918,412
2,062,273
2,062,2731,918,4121,898,8281,908,6471,939,7811,881,9221,904,8281,790,0691,707,6321,592,3991,470,3211,372,4051,346,5351,304,6821,332,9191,315,3751,245,1201,196,7861,215,9661,230,9231,232,4461,127,8691,092,0751,014,110922,887852,1600684,611473,706465,446465,446447,170367,123252,469
   Capital Surplus 0000000000000000000000000000000000
   Treasury Stock0000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
67,435
67,435
67,434
67,433
70,521
70,137
70,136
62,208
62,497
62,497
62,496
30,038
28,242
137,764
136,442
134,487
65,825
0
66,273
0
066,273065,825134,487136,442137,76428,24230,03862,49662,49762,49762,20870,13670,13770,52167,43367,43467,43567,43500000000000000



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 (+$)
totalRevenue4,514,999
Cost of Revenue-3,576,051
Gross Profit938,949938,949
 
Operating Income (+$)
Gross Profit938,949
Operating Expense-4,001,797
Operating Income513,202-3,062,848
 
Operating Expense (+$)
Research Development247,109
Selling General Administrative86,926
Selling And Marketing Expenses-
Operating Expense4,001,797334,036
 
Net Interest Income (+$)
Interest Income11,829
Interest Expense-72,482
Other Finance Cost-23,911
Net Interest Income-84,564
 
Pretax Income (+$)
Operating Income513,202
Net Interest Income-84,564
Other Non-Operating Income Expenses-
Income Before Tax (EBT)321,907513,202
EBIT - interestExpense = -72,482
298,381
370,863
Interest Expense72,482
Earnings Before Interest and Taxes (EBIT)-394,389
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax321,907
Tax Provision-23,801
Net Income From Continuing Ops298,106298,106
Net Income298,381
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-84,564
 

Technical Analysis of Zhejiang Taihua New Material
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 Zhejiang Taihua New Material. The general trend of Zhejiang Taihua New Material is BEARISH with 85.7% 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 Zhejiang Taihua New Material'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 (-85.7%) Bearish trend (85.7%)
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 Zhejiang Taihua New Material.

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: 8.96 < 10.40 < 11.00.

The bearish price targets are: 7.78.

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Zhejiang Taihua New Material 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 Zhejiang Taihua New Material. The current mas is .

The long score for the Moving Averages is 1/14.
The longshort score for the Moving Averages is -12/(-14 +14).

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

Zhejiang Taihua New Material 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 Zhejiang Taihua New Material. The current macd is -0.14672292.

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 Zhejiang Taihua New Material price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Zhejiang Taihua New Material. 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 Zhejiang Taihua New Material 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
Zhejiang Taihua New Material Daily Moving Average Convergence/Divergence (MACD) ChartZhejiang Taihua New Material 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 Zhejiang Taihua New Material. The current adx is 21.08.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -2/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Zhejiang Taihua New Material shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bearish trend could be forming. -1
Zhejiang Taihua New Material 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 Zhejiang Taihua New Material. The current sar is 10.04.

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
Zhejiang Taihua New Material 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 Zhejiang Taihua New Material. The current rsi is 36.29. The current phase is Continuation in bear 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).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Trending down: The RSI is trending down. -1
Zhejiang Taihua New Material Daily Relative Strength Index (RSI) ChartZhejiang Taihua New Material 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 Zhejiang Taihua New Material. The current phase is Oversold in bear 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 Zhejiang Taihua New Material price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Zhejiang Taihua New Material Daily Stochastic Oscillator ChartZhejiang Taihua New Material 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 Zhejiang Taihua New Material. The current cci is -139.0093286.

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
Zhejiang Taihua New Material Daily Commodity Channel Index (CCI) ChartZhejiang Taihua New Material 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 Zhejiang Taihua New Material. The current cmo is -39.35516028.

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
Zhejiang Taihua New Material Daily Chande Momentum Oscillator (CMO) ChartZhejiang Taihua New Material 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 Zhejiang Taihua New Material. The current willr is -99.36708861.

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
Zhejiang Taihua New Material Daily Williams %R ChartZhejiang Taihua New Material 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 Zhejiang Taihua New Material.

Zhejiang Taihua New Material 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 Zhejiang Taihua New Material. The current atr is 0.38422987.

Zhejiang Taihua New Material Daily Average True Range (ATR) ChartZhejiang Taihua New Material 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 Zhejiang Taihua New Material. The current obv is 68,350,191.

Zhejiang Taihua New Material Daily On-Balance Volume (OBV) ChartZhejiang Taihua New Material 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 Zhejiang Taihua New Material. The current mfi is 23.34.

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
Zhejiang Taihua New Material Daily Money Flow Index (MFI) ChartZhejiang Taihua New Material Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Zhejiang Taihua New Material.

6.2. Trading Signals

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

DateIndicatorSignal
2023-11-01STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-02RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-03STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-07RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-16MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-11-20SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-11-24CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-27DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
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).
2023-11-28CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-29DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-30STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-01DMI 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
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-05DMI 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
2023-12-06CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-07STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-08CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-11STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-12STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-13DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR 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
2023-12-15DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-18STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-20DMI 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
2023-12-21STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-22STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-25STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-26STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-27STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-28DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-12-29DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-02MACD 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.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-03MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-08WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-01-09STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-10STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-11WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-16STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 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.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-23STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-25RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-01-26STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-30BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-01-31STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-02BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-05STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-07SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-02-19MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-02-23CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-26CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-27CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-28STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-01STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-04STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-06DMI 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
2024-03-07STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-08STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-12STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-13STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-03-19DMI 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
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-22MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-25STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-26CCI SHORT ENTRY LONG CLOSE-100 crossover to downside

6.3. Candlestick Patterns

Zhejiang Taihua New Material Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Zhejiang Taihua New Material based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5036.290
Ma 20Greater thanMa 509.552
Ma 50Greater thanMa 1009.703
Ma 100Greater thanMa 20010.892
OpenGreater thanClose9.060
Total2/5 (40.0%)
Penke

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