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Shenzhen Goodix Technology Co Ltd Class A
Buy, Hold or Sell?

Let's analyse Goodix together

PenkeI guess you are interested in Shenzhen Goodix Technology Co Ltd Class 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 Shenzhen Goodix Technology Co Ltd Class 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 Goodix (30 sec.)










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

How much money do you get?

How much money do you get?
¥0.01
When do you have the money?
1 year
How often do you get paid?
90.9%

What is your share worth?

Current worth
¥17.24
Expected worth in 1 year
¥15.99
How sure are you?
81.8%

+ What do you gain per year?

Total Gains per Share
¥-1.21
Return On Investment
-2.1%

For what price can you sell your share?

Current Price per Share
¥58.15
Expected price per share
¥45.16 - ¥68.85
How sure are you?
50%

1. Valuation of Goodix (5 min.)




Live pricePrice per Share (EOD)

¥58.15

Intrinsic Value Per Share

¥40.21 - ¥48.31

Total Value Per Share

¥57.45 - ¥65.55

2. Growth of Goodix (5 min.)




Is Goodix growing?

Current yearPrevious yearGrowGrow %
How rich?$1b$1.1b-$96.7m-9.0%

How much money is Goodix making?

Current yearPrevious yearGrowGrow %
Making money-$21.9m$5m-$27m-122.8%
Net Profit Margin-19.7%0.0%--

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

3. Financial Health of Goodix (5 min.)




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

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

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

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

Speculation

The Price per Share of Goodix is ¥58.15. 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 Goodix.
  • 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 Goodix, 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 ¥17.24. Based on the TTM, the Book Value Change Per Share is ¥-0.31 per quarter. Based on the YOY, the Book Value Change Per Share is ¥0.07 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 ¥0.01 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Goodix.

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 Eps0.040.1%-0.05-0.1%0.010.0%0.070.1%0.060.1%
Usd Book Value Change Per Share0.070.1%-0.04-0.1%0.010.0%0.060.1%0.070.1%
Usd Dividend Per Share0.000.0%0.000.0%0.010.0%0.030.0%0.030.1%
Usd Total Gains Per Share0.080.1%-0.04-0.1%0.020.0%0.090.2%0.100.2%
Usd Price Per Share8.47-7.42-9.97-16.49-13.04-
Price to Earnings Ratio47.21-461.20--14.12-120.96-101.87-
Price-to-Total Gains Ratio111.39--691.81-85.03--75.12-27.10-
Price to Book Ratio3.55-3.17-3.90-8.11-8.06-
Price-to-Total Gains Ratio111.39--691.81-85.03--75.12-27.10-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share8.04796
Number of shares124
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.03
Usd Book Value Change Per Share-0.040.06
Usd Total Gains Per Share-0.040.09
Gains per Quarter (124 shares)-5.2111.24
Gains per Year (124 shares)-20.8344.96
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
11-22-31133235
21-43-52276380
32-65-734095125
43-86-9453127170
54-108-11567158215
64-129-13680190260
75-151-15793222305
86-172-178107253350
97-194-199120285395
107-216-220133316440

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 Share2.02.00.050.0%8.04.00.066.7%16.04.00.080.0%29.04.00.087.9%29.04.00.087.9%
Book Value Change Per Share1.03.00.025.0%7.05.00.058.3%15.05.00.075.0%25.07.01.075.8%25.07.01.075.8%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%30.00.03.090.9%30.00.03.090.9%
Total Gains per Share1.03.00.025.0%7.05.00.058.3%15.05.00.075.0%27.06.00.081.8%27.06.00.081.8%

Fundamentals of Goodix

About Shenzhen Goodix Technology Co Ltd Class A

Shenzhen Goodix Technology Co., Ltd. operates as an integrated solution provider for applications based on IC design and software development offering software and hardware semiconductor solutions worldwide. It provides biometric authentication solutions for android devices, IoT applications, and automotive electronics. The company offers microcontrollers; Bluetooth low energy SoC chips; heart rate sensors; audio amplifiers; fingerprint sensors, including in-display fingerprint sensor, live finger detection, invisible fingerprint sensor, covered fingerprint sensor, and fingerprint sensor with hard coating solutions; and touchscreen and touchkey controllers, and mousepad solutions. Its products and solutions are used by various mobile brands, including Huawei, OPPO, vivo, Xiaomi, Samsung, Google, Amazon, Dell, etc. The company was formerly known as Shenzhen Huiding Technology Co., Ltd. and changed its name to Shenzhen Goodix Technology Co., Ltd. in April 2017. Shenzhen Goodix Technology Co., Ltd. was founded in 2002 and is headquartered in Shenzhen, China.

Fundamental data was last updated by Penke on 2024-03-27 21:26:08.

Financial Health

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

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is fair priced.
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 Shenzhen Goodix Technology Co Ltd Class A.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Goodix earns for each ¥1 of revenue.

  • Above 10% is considered healthy but always compare Goodix to the Software - Application industry mean.
  • A Net Profit Margin of 12.6% means that ¥0.13 for each ¥1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Shenzhen Goodix Technology Co Ltd Class A:

  • The MRQ is 12.6%. The company is making a huge profit. +2
  • The TTM is -19.7%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ12.6%TTM-19.7%+32.3%
TTM-19.7%YOY0.0%-19.6%
TTM-19.7%5Y11.9%-31.6%
5Y11.9%10Y16.4%-4.5%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Goodix to the Software - Application industry mean.
  • 1.6% Return on Assets means that Goodix generated ¥0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Shenzhen Goodix Technology Co Ltd Class A:

  • The MRQ is 1.6%. Using its assets, the company is less efficient in making profit.
  • The TTM is -1.7%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ1.6%TTM-1.7%+3.3%
TTM-1.7%YOY0.3%-2.0%
TTM-1.7%5Y3.0%-4.7%
5Y3.0%10Y4.2%-1.3%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Goodix to the Software - Application industry mean.
  • 1.9% Return on Equity means Goodix generated ¥0.02 for each ¥1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Shenzhen Goodix Technology Co Ltd Class A:

  • The MRQ is 1.9%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is -2.1%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ1.9%TTM-2.1%+3.9%
TTM-2.1%YOY0.4%-2.5%
TTM-2.1%5Y3.8%-5.9%
5Y3.8%10Y5.6%-1.8%

1.2. Operating Efficiency of Shenzhen Goodix Technology Co Ltd Class A.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Goodix is operating .

  • Measures how much profit Goodix 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 Goodix to the Software - Application 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 Shenzhen Goodix Technology Co Ltd Class A:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-24.7%+24.7%
TTM-24.7%YOY-4.2%-20.5%
TTM-24.7%5Y8.7%-33.4%
5Y8.7%10Y6.1%+2.6%
1.2.2. Operating Ratio

Measures how efficient Goodix is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Software - Application industry mean).
  • An Operation Ratio of 1.49 means that the operating costs are ¥1.49 for each ¥1 in net sales.

Let's take a look of the Operating Ratio trends of Shenzhen Goodix Technology Co Ltd Class A:

  • The MRQ is 1.486. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.577. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.486TTM1.577-0.091
TTM1.577YOY1.569+0.008
TTM1.5775Y1.356+0.221
5Y1.35610Y1.080+0.276

1.3. Liquidity of Shenzhen Goodix Technology Co Ltd Class A.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Software - Application industry mean).
  • A Current Ratio of 4.95 means the company has ¥4.95 in assets for each ¥1 in short-term debts.

Let's take a look of the Current Ratio trends of Shenzhen Goodix Technology Co Ltd Class A:

  • The MRQ is 4.955. The company is very able to pay all its short-term debts. +2
  • The TTM is 4.352. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ4.955TTM4.352+0.603
TTM4.352YOY4.046+0.306
TTM4.3525Y3.955+0.397
5Y3.95510Y2.626+1.330
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Goodix to the Software - Application industry mean.
  • A Quick Ratio of 0.58 means the company can pay off ¥0.58 for each ¥1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Shenzhen Goodix Technology Co Ltd Class A:

  • The MRQ is 0.576. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.534. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.576TTM0.534+0.042
TTM0.534YOY1.065-0.530
TTM0.5345Y1.419-0.884
5Y1.41910Y1.519-0.100

1.4. Solvency of Shenzhen Goodix Technology Co Ltd Class A.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Goodix to Software - Application industry mean.
  • A Debt to Asset Ratio of 0.15 means that Goodix assets are financed with 15.3% credit (debt) and the remaining percentage (100% - 15.3%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Shenzhen Goodix Technology Co Ltd Class A:

  • The MRQ is 0.153. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.162. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.153TTM0.162-0.009
TTM0.162YOY0.186-0.023
TTM0.1625Y0.194-0.031
5Y0.19410Y0.191+0.003
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Goodix to the Software - Application industry mean.
  • A Debt to Equity ratio of 18.1% means that company has ¥0.18 debt for each ¥1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Shenzhen Goodix Technology Co Ltd Class A:

  • The MRQ is 0.181. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.194. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.181TTM0.194-0.013
TTM0.194YOY0.228-0.034
TTM0.1945Y0.242-0.048
5Y0.24210Y0.240+0.001

2. Market Valuation of Shenzhen Goodix Technology Co Ltd Class 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 Goodix generates.

  • Above 15 is considered overpriced but always compare Goodix to the Software - Application industry mean.
  • A PE ratio of 47.21 means the investor is paying ¥47.21 for every ¥1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Shenzhen Goodix Technology Co Ltd Class A:

  • The EOD is 44.858. Based on the earnings, the company is overpriced. -1
  • The MRQ is 47.211. Based on the earnings, the company is overpriced. -1
  • The TTM is 461.205. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD44.858MRQ47.211-2.353
MRQ47.211TTM461.205-413.994
TTM461.205YOY-14.118+475.322
TTM461.2055Y120.964+340.241
5Y120.96410Y101.865+19.098
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Shenzhen Goodix Technology Co Ltd Class A:

  • The EOD is 17.125. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 18.023. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is -34.047. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD17.125MRQ18.023-0.898
MRQ18.023TTM-34.047+52.070
TTM-34.047YOY-28.850-5.197
TTM-34.0475Y39.655-73.702
5Y39.65510Y32.400+7.255
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Software - Application industry mean).
  • A PB ratio of 3.55 means the investor is paying ¥3.55 for each ¥1 in book value.

Let's take a look of the Price to Book Ratio trends of Shenzhen Goodix Technology Co Ltd Class A:

  • The EOD is 3.372. Based on the equity, the company is fair priced.
  • The MRQ is 3.549. Based on the equity, the company is fair priced.
  • The TTM is 3.168. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD3.372MRQ3.549-0.177
MRQ3.549TTM3.168+0.381
TTM3.168YOY3.899-0.732
TTM3.1685Y8.112-4.944
5Y8.11210Y8.061+0.051
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Shenzhen Goodix Technology Co Ltd Class 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--0.541-0.314+158%0.071+666%0.461+17%0.523+3%
Book Value Per Share--17.24316.915+2%18.425-6%15.732+10%11.616+48%
Current Ratio--4.9554.352+14%4.046+22%3.955+25%2.626+89%
Debt To Asset Ratio--0.1530.162-6%0.186-18%0.194-21%0.191-20%
Debt To Equity Ratio--0.1810.194-7%0.228-21%0.242-25%0.240-25%
Dividend Per Share--0.0090.011-17%0.066-86%0.194-95%0.214-96%
Eps--0.324-0.347+207%0.079+310%0.494-34%0.450-28%
Free Cash Flow Per Share--0.8490.481+76%-0.811+196%0.266+219%0.362+135%
Free Cash Flow To Equity Per Share--0.8490.307+176%-1.123+232%0.156+445%0.314+170%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--48.307--------
Intrinsic Value_10Y_min--40.210--------
Intrinsic Value_1Y_max--0.981--------
Intrinsic Value_1Y_min--0.962--------
Intrinsic Value_3Y_max--5.890--------
Intrinsic Value_3Y_min--5.563--------
Intrinsic Value_5Y_max--14.344--------
Intrinsic Value_5Y_min--13.061--------
Market Cap26632815369.600-5%28029721420.80024560002474.508+14%33031737831.175-15%54595994346.731-49%43183092035.192-35%
Net Profit Margin--0.126-0.197+256%0.000+100%0.119+6%0.164-23%
Operating Margin----0.2470%-0.0420%0.087-100%0.061-100%
Operating Ratio--1.4861.577-6%1.569-5%1.356+10%1.080+38%
Pb Ratio3.372-5%3.5493.168+12%3.899-9%8.112-56%8.061-56%
Pe Ratio44.858-5%47.211461.205-90%-14.118+130%120.964-61%101.865-54%
Price Per Share58.150-5%61.20053.620+14%72.045-15%119.133-49%94.237-35%
Price To Free Cash Flow Ratio17.125-5%18.023-34.047+289%-28.850+260%39.655-55%32.400-44%
Price To Total Gains Ratio105.835-5%111.386-691.813+721%85.025+31%-75.123+167%27.099+311%
Quick Ratio--0.5760.534+8%1.065-46%1.419-59%1.519-62%
Return On Assets--0.016-0.017+206%0.003+390%0.030-47%0.042-62%
Return On Equity--0.019-0.021+209%0.004+365%0.038-51%0.056-66%
Total Gains Per Share--0.549-0.303+155%0.137+302%0.655-16%0.736-25%
Usd Book Value--1093021358.8551072284082.406+2%1169055941.100-7%997780734.905+10%736660058.668+48%
Usd Book Value Change Per Share--0.075-0.043+158%0.010+666%0.064+17%0.072+3%
Usd Book Value Per Share--2.3862.341+2%2.550-6%2.177+10%1.608+48%
Usd Dividend Per Share--0.0010.001-17%0.009-86%0.027-95%0.030-96%
Usd Eps--0.045-0.048+207%0.011+310%0.068-34%0.062-28%
Usd Free Cash Flow--53809198.55430516531.751+76%-51439523.333+196%16874927.150+219%20163681.014+167%
Usd Free Cash Flow Per Share--0.1170.067+76%-0.112+196%0.037+219%0.050+135%
Usd Free Cash Flow To Equity Per Share--0.1170.043+176%-0.155+232%0.022+445%0.043+170%
Usd Market Cap3685981647.153-5%3879313444.6393399104342.472+14%4571592515.835-15%7556085617.588-49%5976539937.671-35%
Usd Price Per Share8.048-5%8.4707.421+14%9.971-15%16.488-49%13.042-35%
Usd Profit--20542504.374-21994840.769+207%5016260.604+310%31313157.332-34%28576205.630-28%
Usd Revenue--162562506.666140462221.645+16%141637265.359+15%185522364.577-12%154331031.724+5%
Usd Total Gains Per Share--0.076-0.042+155%0.019+302%0.091-16%0.102-25%
 EOD+4 -4MRQTTM+29 -5YOY+23 -115Y+19 -1610Y+19 -16

3.2. Fundamental Score

Let's check the fundamental score of Shenzhen Goodix Technology Co Ltd Class A based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1544.858
Price to Book Ratio (EOD)Between0-13.372
Net Profit Margin (MRQ)Greater than00.126
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.576
Current Ratio (MRQ)Greater than14.955
Debt to Asset Ratio (MRQ)Less than10.153
Debt to Equity Ratio (MRQ)Less than10.181
Return on Equity (MRQ)Greater than0.150.019
Return on Assets (MRQ)Greater than0.050.016
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of Shenzhen Goodix Technology Co Ltd Class A based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5038.626
Ma 20Greater thanMa 5063.014
Ma 50Greater thanMa 10060.022
Ma 100Greater thanMa 20065.430
OpenGreater thanClose57.290
Total2/5 (40.0%)



Reversals in quarterly reports

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

 2022-09-302022-12-312023-03-312023-06-302023-09-30
Income before Tax  -189,235-599,493-788,728609,860-178,868122,531-56,336205,871149,534
Tax Provision  -68,645-71,944-140,589100,557-40,032-19,162-59,19460,2991,106



Latest Balance Sheet

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

Summary
Total Assets9,324,598
Total Liabilities1,427,045
Total Stockholder Equity7,897,547
 As reported
Total Liabilities 1,427,045
Total Stockholder Equity+ 7,897,547
Total Assets = 9,324,598

Assets

Total Assets9,324,598
Total Current Assets5,156,320
Long-term Assets4,168,278
Total Current Assets
Cash And Cash Equivalents 3,677,569
Short-term Investments 90,131
Net Receivables 509,295
Inventory 686,553
Other Current Assets 124,193
Total Current Assets  (as reported)5,156,320
Total Current Assets  (calculated)5,087,741
+/- 68,579
Long-term Assets
Property Plant Equipment 792,944
Goodwill 513,003
Intangible Assets 1,650,308
Long-term Assets Other 319,173
Long-term Assets  (as reported)4,168,278
Long-term Assets  (calculated)3,275,429
+/- 892,849

Liabilities & Shareholders' Equity

Total Current Liabilities1,040,657
Long-term Liabilities386,387
Total Stockholder Equity7,897,547
Total Current Liabilities
Short Long Term Debt 270,418
Accounts payable 230,017
Other Current Liabilities 3,926
Total Current Liabilities  (as reported)1,040,657
Total Current Liabilities  (calculated)504,361
+/- 536,296
Long-term Liabilities
Long term Debt 247,585
Capital Lease Obligations Min Short Term Debt49,950
Long-term Liabilities  (as reported)386,387
Long-term Liabilities  (calculated)297,535
+/- 88,852
Total Stockholder Equity
Retained Earnings 5,705,780
Total Stockholder Equity (as reported)7,897,547
Total Stockholder Equity (calculated)5,705,780
+/- 2,191,767
Other
Capital Stock457,993
Common Stock Shares Outstanding 457,993
Net Invested Capital 8,415,551
Net Working Capital 4,115,663
Property Plant and Equipment Gross 792,944



Balance Sheet

Currency in CNY. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-03-312014-12-312013-12-312012-12-312011-12-31
> Total Assets 
107,382
359,897
649,894
1,005,188
0
1,392,922
1,600,480
1,790,516
2,135,496
3,215,246
3,395,909
3,593,000
4,188,838
4,417,940
4,317,518
4,736,654
4,639,735
5,345,221
5,786,485
6,919,446
7,619,881
7,848,783
8,017,164
8,443,664
9,204,220
9,887,855
10,349,460
9,949,465
10,420,577
10,727,208
10,012,396
10,386,886
10,360,004
9,426,673
9,128,116
9,116,241
9,324,598
9,324,5989,116,2419,128,1169,426,67310,360,00410,386,88610,012,39610,727,20810,420,5779,949,46510,349,4609,887,8559,204,2208,443,6648,017,1647,848,7837,619,8816,919,4465,786,4855,345,2214,639,7354,736,6544,317,5184,417,9404,188,8383,593,0003,395,9093,215,2462,135,4961,790,5161,600,4801,392,92201,005,188649,894359,897107,382
   > Total Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,252,538
4,142,440
4,551,116
4,992,539
5,754,487
6,355,565
6,491,229
5,603,802
5,769,961
5,961,177
6,588,234
6,965,803
6,375,264
6,693,741
6,869,678
6,108,379
6,109,982
6,025,658
5,448,682
5,055,540
5,092,724
5,156,320
5,156,3205,092,7245,055,5405,448,6826,025,6586,109,9826,108,3796,869,6786,693,7416,375,2646,965,8036,588,2345,961,1775,769,9615,603,8026,491,2296,355,5655,754,4874,992,5394,551,1164,142,4404,252,538000000000000000
       Cash And Cash Equivalents 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
975,241
172,427
583,434
762,390
837,540
430,882
3,519,545
2,207,120
2,264,180
3,310,620
4,081,745
3,546,789
3,271,335
3,257,751
2,711,627
3,305,655
2,699,259
2,821,451
2,863,897
2,896,039
3,127,927
3,677,569
3,677,5693,127,9272,896,0392,863,8972,821,4512,699,2593,305,6552,711,6273,257,7513,271,3353,546,7894,081,7453,310,6202,264,1802,207,1203,519,545430,882837,540762,390583,434172,427975,241000000000000000
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,800,000
0
2,500,000
2,281,533
3,015,933
4,032,434
1,725,466
1,734,631
1,709,513
401,198
878,322
1,619,021
1,277,604
1,522,472
1,769,713
410,208
710,238
379,957
50,829
40,018
325,981
90,131
90,131325,98140,01850,829379,957710,238410,2081,769,7131,522,4721,277,6041,619,021878,322401,1981,709,5131,734,6311,725,4664,032,4343,015,9332,281,5332,500,00001,800,000000000000000000
       Net Receivables 
15,826
73,615
115,112
185,336
0
360,188
467,282
783,196
947,030
1,236,405
1,129,925
1,308,235
1,276,649
1,118,049
903,204
1,033,112
1,302,526
1,043,310
1,214,106
1,034,393
1,204,691
786,952
926,891
778,006
1,403,176
742,230
789,422
712,159
721,362
1,192,537
808,576
867,126
532,316
456,302
526,359
546,151
509,295
509,295546,151526,359456,302532,316867,126808,5761,192,537721,362712,159789,422742,2301,403,176778,006926,891786,9521,204,6911,034,3931,214,1061,043,3101,302,5261,033,112903,2041,118,0491,276,6491,308,2351,129,9251,236,405947,030783,196467,282360,1880185,336115,11273,61515,826
       Other Current Assets 
1,256
2,320
3,217
3,834
0
6,034
5,022
9,365
7,041
33,041
52,222
39,166
18,684
23,832
1,347,617
35,769
2,166,699
20,381
36,570
85,248
82,736
92,713
187,543
151,174
161,417
161,546
396,495
224,263
211,560
205,154
275,326
288,880
315,980
275,342
242,684
130,197
124,193
124,193130,197242,684275,342315,980288,880275,326205,154211,560224,263396,495161,546161,417151,174187,54392,71382,73685,24836,57020,3812,166,69935,7691,347,61723,83218,68439,16652,22233,0417,0419,3655,0226,03403,8343,2172,3201,256
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
793,946
1,164,960
1,264,316
1,357,553
2,413,362
2,673,702
3,243,043
3,299,621
3,383,656
3,574,201
3,726,835
3,857,530
3,904,017
4,276,904
4,334,345
3,977,991
4,072,576
4,023,516
4,168,278
4,168,2784,023,5164,072,5763,977,9914,334,3454,276,9043,904,0173,857,5303,726,8353,574,2013,383,6563,299,6213,243,0432,673,7022,413,3621,357,5531,264,3161,164,960793,946000000000000000000
       Property Plant Equipment 
8,302
9,281
12,449
141,052
0
145,713
144,839
152,622
159,899
161,132
162,976
169,191
173,771
191,285
206,463
216,107
225,273
244,222
256,063
280,501
301,046
365,958
394,940
400,444
443,893
458,902
514,742
428,668
450,645
613,531
587,874
614,173
631,283
675,854
714,639
738,213
792,944
792,944738,213714,639675,854631,283614,173587,874613,531450,645428,668514,742458,902443,893400,444394,940365,958301,046280,501256,063244,222225,273216,107206,463191,285173,771169,191162,976161,132159,899152,622144,839145,7130141,05212,4499,2818,302
       Goodwill 
0
0
0
0
0
2,750
2,750
2,750
2,750
1,721
1,721
1,721
1,721
1,721
1,721
1,720
1,720
43,307
41,788
43,146
42,812
43,138
561,546
585,366
563,215
543,288
545,130
536,537
648,655
612,094
629,337
632,370
684,905
498,643
494,132
519,874
513,003
513,003519,874494,132498,643684,905632,370629,337612,094648,655536,537545,130543,288563,215585,366561,54643,13842,81243,14641,78843,3071,7201,7201,7211,7211,7211,7211,7211,7212,7502,7502,7502,75000000
       Intangible Assets 
0
525
3,837
3,896
0
52,750
52,876
54,137
55,085
52,028
51,102
60,105
62,034
65,157
66,896
65,988
64,093
116,667
110,928
69,990
738,350
775,921
1,286,706
1,278,423
1,292,764
1,269,632
1,236,842
1,378,920
1,645,260
1,707,942
1,752,015
1,908,238
2,049,569
1,796,001
1,840,685
1,652,708
1,650,308
1,650,3081,652,7081,840,6851,796,0012,049,5691,908,2381,752,0151,707,9421,645,2601,378,9201,236,8421,269,6321,292,7641,278,4231,286,706775,921738,35069,990110,928116,66764,09365,98866,89665,15762,03460,10551,10252,02855,08554,13752,87652,75003,8963,8375250
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
284,411
78,577
74,033
107,410
108,182
139,378
1,027,731
434,583
427,374
397,882
74,854
155,709
160,755
260,067
260,892
233,293
211,208
221,092
319,173
319,173221,092211,208233,293260,892260,067160,755155,70974,854397,882427,374434,5831,027,731139,378108,182107,41074,03378,577284,411000000000000000000
> Total Liabilities 
15,364
48,630
58,566
112,785
0
219,021
456,587
412,509
459,210
478,744
483,909
546,323
843,266
932,181
798,213
1,375,655
957,891
1,237,751
1,195,278
1,929,018
1,899,702
1,409,358
1,315,280
1,588,583
1,761,676
1,850,743
2,104,882
2,020,290
2,070,305
2,033,292
1,847,985
1,931,775
1,885,698
1,648,368
1,463,095
1,466,252
1,427,045
1,427,0451,466,2521,463,0951,648,3681,885,6981,931,7751,847,9852,033,2922,070,3052,020,2902,104,8821,850,7431,761,6761,588,5831,315,2801,409,3581,899,7021,929,0181,195,2781,237,751957,8911,375,655798,213932,181843,266546,323483,909478,744459,210412,509456,587219,0210112,78558,56648,63015,364
   > Total Current Liabilities 
15,364
48,630
51,475
111,649
0
213,454
446,204
403,341
445,226
464,944
470,294
528,652
825,780
911,894
778,249
1,356,868
940,795
1,208,038
1,167,108
1,899,686
1,872,103
1,380,722
1,286,942
1,565,400
1,718,450
1,797,753
2,022,251
1,673,638
1,710,212
1,607,375
1,486,347
1,572,234
1,539,129
1,350,644
1,169,435
1,243,338
1,040,657
1,040,6571,243,3381,169,4351,350,6441,539,1291,572,2341,486,3471,607,3751,710,2121,673,6382,022,2511,797,7531,718,4501,565,4001,286,9421,380,7221,872,1031,899,6861,167,1081,208,038940,7951,356,868778,249911,894825,780528,652470,294464,944445,226403,341446,204213,4540111,64951,47548,63015,364
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
29,905
30,767
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000030,76729,9050000000000000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
29,905
30,767
0
0
250,036
275,199
425,328
615,046
434,773
435,869
339,992
380,938
461,324
543,321
492,746
519,850
468,955
270,418
270,418468,955519,850492,746543,321461,324380,938339,992435,869434,773615,046425,328275,199250,0360030,76729,9050000000000000000000
       Accounts payable 
7,449
20,242
29,995
48,179
0
81,148
204,104
186,959
364,851
180,693
369,912
237,473
200,349
157,325
149,336
354,937
274,484
176,958
283,504
468,276
489,070
350,714
443,988
270,148
444,854
219,449
426,022
437,004
545,722
298,202
473,143
291,078
397,676
105,615
147,537
233,837
230,017
230,017233,837147,537105,615397,676291,078473,143298,202545,722437,004426,022219,449444,854270,148443,988350,714489,070468,276283,504176,958274,484354,937149,336157,325200,349237,473369,912180,693364,851186,959204,10481,148048,17929,99520,2427,449
       Other Current Liabilities 
7,916
28,388
21,480
63,470
0
113,606
242,101
216,382
80,375
284,251
100,381
291,179
625,431
754,568
628,912
860,712
643,051
516,021
714,374
1,110,141
1,260,188
484,751
729,017
462,723
798,513
391,406
721,725
410,136
497,482
232,238
551,459
253,276
300,274
80,944
287,631
62,062
3,926
3,92662,062287,63180,944300,274253,276551,459232,238497,482410,136721,725391,406798,513462,723729,017484,7511,260,1881,110,141714,374516,021643,051860,712628,912754,568625,431291,179100,381284,25180,375216,382242,101113,606063,47021,48028,3887,916
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
28,170
29,332
27,599
28,636
28,338
23,183
43,225
52,990
82,631
346,652
360,093
425,918
361,638
359,541
346,569
297,724
293,659
222,914
386,387
386,387222,914293,659297,724346,569359,541361,638425,918360,093346,65282,63152,99043,22523,18328,33828,63627,59929,33228,170000000000000000000
       Other Liabilities 
0
0
7,091
1,136
0
3,811
8,638
7,434
12,261
12,088
11,915
15,981
15,807
18,620
18,308
18,787
17,095
29,713
28,170
29,332
27,599
28,636
28,338
23,183
43,225
52,990
51,964
66,784
114,499
108,577
92,494
109,359
91,480
108,426
104,965
92,666
0
092,666104,965108,42691,480109,35992,494108,577114,49966,78451,96452,99043,22523,18328,33828,63627,59929,33228,17029,71317,09518,78718,30818,62015,80715,98111,91512,08812,2617,4348,6383,81101,1367,09100
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,933
3,505
2,744
1,962
1,470
2,299
16,308
5,232
16,962
4,389
16,736
5,151
98,326
198,787
308,493
410,288
551,093
734,223
594,765
697,906
552,648
0
0552,648697,906594,765734,223551,093410,288308,493198,78798,3265,15116,7364,38916,9625,23216,3082,2991,4701,9622,7443,5052,933000000000000000
> Total Stockholder Equity
92,018
311,267
591,328
892,403
892,403
1,172,017
1,142,126
1,376,207
1,674,367
2,734,623
2,910,132
3,044,843
3,343,771
3,485,759
3,519,304
3,360,999
3,681,844
4,107,470
4,591,207
4,990,428
5,720,179
6,439,424
6,701,882
6,855,078
7,442,542
8,037,110
8,244,576
7,929,175
8,350,270
8,693,913
8,164,408
8,455,106
8,474,300
7,778,300
7,665,016
7,649,984
7,897,547
7,897,5477,649,9847,665,0167,778,3008,474,3008,455,1068,164,4088,693,9138,350,2707,929,1758,244,5768,037,1107,442,5426,855,0786,701,8826,439,4245,720,1794,990,4284,591,2074,107,4703,681,8443,360,9993,519,3043,485,7593,343,7713,044,8432,910,1322,734,6231,674,3671,376,2071,142,1261,172,017892,403892,403591,328311,26792,018
   Common Stock
52,080
75,000
165,000
165,000
0
400,000
400,000
400,000
400,000
445,000
445,000
445,000
454,258
454,258
454,160
456,911
456,911
456,652
456,652
456,776
455,993
455,732
456,054
456,692
457,667
457,724
457,784
457,897
458,367
458,562
458,685
458,450
458,074
458,074
458,074
457,993
0
0457,993458,074458,074458,074458,450458,685458,562458,367457,897457,784457,724457,667456,692456,054455,732455,993456,776456,652456,652456,911456,911454,160454,258454,258445,000445,000445,000400,000400,000400,000400,0000165,000165,00075,00052,080
   Retained Earnings 
36,783
114,962
371,599
672,674
0
737,527
707,657
941,584
1,239,787
1,494,352
1,669,700
1,798,327
2,078,983
2,203,294
2,222,650
2,041,375
2,247,882
2,672,151
2,914,675
3,288,696
3,984,635
4,818,582
5,023,294
5,051,538
5,554,657
6,113,800
6,270,377
6,330,639
6,525,577
6,770,419
6,719,907
6,691,762
6,570,516
5,922,456
5,783,620
5,786,633
5,705,780
5,705,7805,786,6335,783,6205,922,4566,570,5166,691,7626,719,9076,770,4196,525,5776,330,6396,270,3776,113,8005,554,6575,051,5385,023,2944,818,5823,984,6353,288,6962,914,6752,672,1512,247,8822,041,3752,222,6502,203,2942,078,9831,798,3271,669,7001,494,3521,239,787941,584707,657737,5270672,674371,599114,96236,783
   Capital Surplus 0000000000000000000000000000000000000
   Treasury Stock00000000000000000000-478,078-571,735-439,562-444,307-444,307000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-3,003
-2,120
-8,848
-12,099
-7,707
-5,035
-6,153
17,800
17,123
-57,309
-139,453
-117,593
-155,240
-146,579
-190,543
-203,882
-115,372
-22,831
-39,969
-52,973
35,199
0
035,199-52,973-39,969-22,831-115,372-203,882-190,543-146,579-155,240-117,593-139,453-57,30917,12317,800-6,153-5,035-7,707-12,099-8,848-2,120-3,003000000000000000



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 (+$)
totalRevenue4,059,602
Cost of Revenue-2,341,444
Gross Profit1,718,1581,718,158
 
Operating Income (+$)
Gross Profit1,718,158
Operating Expense-3,991,797
Operating Income67,805-2,273,639
 
Operating Expense (+$)
Research Development1,243,274
Selling General Administrative308,738
Selling And Marketing Expenses-
Operating Expense3,991,7971,552,012
 
Net Interest Income (+$)
Interest Income45,042
Interest Expense-27,165
Other Finance Cost-72,216
Net Interest Income90,093
 
Pretax Income (+$)
Operating Income67,805
Net Interest Income90,093
Other Non-Operating Income Expenses-
Income Before Tax (EBT)-874,39867,805
EBIT - interestExpense = -27,165
-635,689
-608,524
Interest Expense27,165
Earnings Before Interest and Taxes (EBIT)--847,232
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax-874,398
Tax Provision--238,709
Net Income From Continuing Ops-635,688-635,688
Net Income-635,689
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--90,093
 

Technical Analysis of Goodix
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 Goodix. The general trend of Goodix is BEARISH with 42.9% 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 Goodix'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 (-42.9%) Bearish trend (42.9%)
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 Shenzhen Goodix Technology Co Ltd Class 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: 62.31 < 65.98 < 68.85.

The bearish price targets are: 46.08 > 45.80 > 45.16.

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Shenzhen Goodix Technology Co Ltd Class 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 Shenzhen Goodix Technology Co Ltd Class A. The current mas is .

The long score for the Moving Averages is 4/14.
The longshort score for the Moving Averages is -6/(-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 higher 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 up: The MA 200 is trending up. +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

Shenzhen Goodix Technology Co Ltd Class 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 Shenzhen Goodix Technology Co Ltd Class A. The current macd is -0.39732274.

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 Goodix price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Goodix. 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 Goodix 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
Shenzhen Goodix Technology Co Ltd Class A Daily Moving Average Convergence/Divergence (MACD) ChartShenzhen Goodix Technology Co Ltd Class 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 Shenzhen Goodix Technology Co Ltd Class A. The current adx is 21.37.

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 Goodix 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
Shenzhen Goodix Technology Co Ltd Class 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 Shenzhen Goodix Technology Co Ltd Class A. The current sar is 64.95.

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
Shenzhen Goodix Technology Co Ltd Class 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 Shenzhen Goodix Technology Co Ltd Class A. The current rsi is 38.63. 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
Shenzhen Goodix Technology Co Ltd Class A Daily Relative Strength Index (RSI) ChartShenzhen Goodix Technology Co Ltd Class 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 Shenzhen Goodix Technology Co Ltd Class A. The current phase is Oversold in bear market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 0/(-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 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 Goodix price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Shenzhen Goodix Technology Co Ltd Class A Daily Stochastic Oscillator ChartShenzhen Goodix Technology Co Ltd Class 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 Shenzhen Goodix Technology Co Ltd Class A. The current cci is -216.77405264.

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
Shenzhen Goodix Technology Co Ltd Class A Daily Commodity Channel Index (CCI) ChartShenzhen Goodix Technology Co Ltd Class 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 Shenzhen Goodix Technology Co Ltd Class A. The current cmo is -36.39408998.

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
Shenzhen Goodix Technology Co Ltd Class A Daily Chande Momentum Oscillator (CMO) ChartShenzhen Goodix Technology Co Ltd Class 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 Shenzhen Goodix Technology Co Ltd Class A. The current willr is -88.7755102.

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
Shenzhen Goodix Technology Co Ltd Class A Daily Williams %R ChartShenzhen Goodix Technology Co Ltd Class 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 Shenzhen Goodix Technology Co Ltd Class A.

Shenzhen Goodix Technology Co Ltd Class 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 Shenzhen Goodix Technology Co Ltd Class A. The current atr is 2.20985434.

Shenzhen Goodix Technology Co Ltd Class A Daily Average True Range (ATR) ChartShenzhen Goodix Technology Co Ltd Class 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 Shenzhen Goodix Technology Co Ltd Class A. The current obv is 107,064,578.

Shenzhen Goodix Technology Co Ltd Class A Daily On-Balance Volume (OBV) ChartShenzhen Goodix Technology Co Ltd Class 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 Shenzhen Goodix Technology Co Ltd Class A. The current mfi is 37.38.

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
Shenzhen Goodix Technology Co Ltd Class A Daily Money Flow Index (MFI) ChartShenzhen Goodix Technology Co Ltd Class A Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Shenzhen Goodix Technology Co Ltd Class 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
2023-11-03WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-06SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-07MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-08STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-09MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-11-16MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-17MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-20CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-23STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-24CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-11-29STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-30SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-01STOCH 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
2023-12-04DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-12-05BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
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 LONG ENTRY SHORT CLOSE20 crossover to upside
2023-12-13STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-18CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-19STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-20SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2023-12-21SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-22CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-26WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-12-27STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-29MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-02MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
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
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-03SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-01-04STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-05STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-01-09STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-10MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-11RSI LONG ENTRY SHORT CLOSE30 crossover to upside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-15RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-17STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-18RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-19MFI SHORT ENTRY LONG CLOSE20 crossover to downside
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).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-23RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-25SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-01-26STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-29SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-31STOCH SHORT EXITThe %K line crosses above the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-02-02BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-06RSI LONG ENTRY SHORT CLOSE30 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-07SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-08MACD 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.
2024-02-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-20DMI 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.
2024-02-21DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-26CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-28STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-29STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-04STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-05MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-06MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-08STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-14SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-03-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-20STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-21MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-25DMI 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
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-03-27ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-28STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

Shenzhen Goodix Technology Co Ltd Class A Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Shenzhen Goodix Technology Co Ltd Class A based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5038.626
Ma 20Greater thanMa 5063.014
Ma 50Greater thanMa 10060.022
Ma 100Greater thanMa 20065.430
OpenGreater thanClose57.290
Total2/5 (40.0%)
Penke

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