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Zhende Medical Co Ltd
Buy, Hold or Sell?

Let's analyse Zhende together

PenkeI guess you are interested in Zhende Medical Co Ltd. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Zhende Medical Co Ltd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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

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Quick analysis of Zhende (30 sec.)










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

How much money do you get?

How much money do you get?
¥0.22
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
¥21.43
Expected worth in 1 year
¥21.99
How sure are you?
84.2%

+ What do you gain per year?

Total Gains per Share
¥2.13
Return On Investment
10.4%

For what price can you sell your share?

Current Price per Share
¥20.53
Expected price per share
¥15.68 - ¥23.37
How sure are you?
50%

1. Valuation of Zhende (5 min.)




Live pricePrice per Share (EOD)

¥20.53

Intrinsic Value Per Share

¥-23.29 - ¥-28.33

Total Value Per Share

¥-1.86 - ¥-6.90

2. Growth of Zhende (5 min.)




Is Zhende growing?

Current yearPrevious yearGrowGrow %
How rich?$790.1m$655m$149.2m18.6%

How much money is Zhende making?

Current yearPrevious yearGrowGrow %
Making money$18.2m$19.6m-$1.4m-7.9%
Net Profit Margin9.7%10.4%--

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

3. Financial Health of Zhende (5 min.)




4. Comparing to competitors in the Medical Instruments & Supplies industry (5 min.)




  Industry Rankings (Medical Instruments & Supplies)  


Richest
#52 / 173

Most Revenue
#53 / 173

Most Profit
#54 / 173

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

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

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

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

Speculation

The Price per Share of Zhende is ¥20.53. 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 Zhende.
  • 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 Zhende, 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 ¥21.43. Based on the TTM, the Book Value Change Per Share is ¥0.14 per quarter. Based on the YOY, the Book Value Change Per Share is ¥1.16 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 ¥0.39 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Zhende.

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 Eps0.030.2%0.060.3%0.070.4%0.120.6%0.120.6%
Usd Book Value Change Per Share-0.07-0.3%0.020.1%0.160.8%0.160.8%0.160.8%
Usd Dividend Per Share0.000.0%0.050.3%0.020.1%0.030.2%0.030.2%
Usd Total Gains Per Share-0.07-0.3%0.070.4%0.180.9%0.190.9%0.190.9%
Usd Price Per Share3.75-4.52-6.12-5.59-5.59-
Price to Earnings Ratio28.59-21.97-21.79-25.09-25.09-
Price-to-Total Gains Ratio-54.56-21.66--1,180.63--214.96--214.96-
Price to Book Ratio1.27-1.50-2.51-3.55-3.55-
Price-to-Total Gains Ratio-54.56-21.66--1,180.63--214.96--214.96-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share2.841352
Number of shares351
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.050.03
Usd Book Value Change Per Share0.020.16
Usd Total Gains Per Share0.070.19
Gains per Quarter (351 shares)25.8766.96
Gains per Year (351 shares)103.47267.84
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
176279349219258
21525519697438526
322882299146657794
43041104021958771062
538013750524410961330
645616560829213151598
753219271134115341866
860822081439017532134
968424791743819722402
10760274102048721912670

How sure are you?

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

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%19.00.00.0100.0%19.00.00.0100.0%19.00.00.0100.0%
Book Value Change Per Share2.02.00.050.0%8.04.00.066.7%14.05.00.073.7%14.05.00.073.7%14.05.00.073.7%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%19.00.00.0100.0%19.00.00.0100.0%19.00.00.0100.0%
Total Gains per Share3.01.00.075.0%9.03.00.075.0%16.03.00.084.2%16.03.00.084.2%16.03.00.084.2%

Fundamentals of Zhende

About Zhende Medical Co Ltd

Zhende Medical Co., Ltd. engages in the research and development, production, and sale of medical care and protective equipment in China. It offers stoma and modern wound care products, surgical infection control products, sensory control protection products, infection control protection products, basic wound care products, and pressure therapy and immobilization products, as well as medical-grade personal care and home health care products. The company sells its products approximately in 70 countries and regions in Europe, North America, Asia, South America, Africa, and Oceania. Zhende Medical Co., Ltd. was founded in 1994 and is headquartered in Shaoxing, China.

Fundamental data was last updated by Penke on 2024-03-27 22:05:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is less efficient 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 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 underpriced.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is overpriced.

1.1. Profitability of Zhende Medical Co Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Zhende to the Medical Instruments & Supplies industry mean.
  • A Net Profit Margin of 7.0% means that ¥0.07 for each ¥1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Zhende Medical Co Ltd:

  • The MRQ is 7.0%. The company is making a profit. +1
  • The TTM is 9.7%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ7.0%TTM9.7%-2.7%
TTM9.7%YOY10.4%-0.6%
TTM9.7%5Y12.5%-2.8%
5Y12.5%10Y12.5%0.0%
Compared to industry (Medical Instruments & Supplies)
PeriodCompanyIndustry (mean)+/- 
MRQ7.0%6.2%+0.8%
TTM9.7%7.4%+2.3%
YOY10.4%8.0%+2.4%
5Y12.5%7.1%+5.4%
10Y12.5%7.7%+4.8%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Zhende to the Medical Instruments & Supplies industry mean.
  • 0.8% Return on Assets means that Zhende generated ¥0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Zhende Medical Co Ltd:

  • The MRQ is 0.8%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 1.6%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ0.8%TTM1.6%-0.8%
TTM1.6%YOY2.0%-0.4%
TTM1.6%5Y3.7%-2.0%
5Y3.7%10Y3.7%0.0%
Compared to industry (Medical Instruments & Supplies)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8%1.2%-0.4%
TTM1.6%1.2%+0.4%
YOY2.0%1.7%+0.3%
5Y3.7%1.6%+2.1%
10Y3.7%1.6%+2.1%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Zhende to the Medical Instruments & Supplies industry mean.
  • 1.2% Return on Equity means Zhende generated ¥0.01 for each ¥1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Zhende Medical Co Ltd:

  • The MRQ is 1.2%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 2.4%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ1.2%TTM2.4%-1.2%
TTM2.4%YOY3.2%-0.8%
TTM2.4%5Y7.0%-4.7%
5Y7.0%10Y7.0%0.0%
Compared to industry (Medical Instruments & Supplies)
PeriodCompanyIndustry (mean)+/- 
MRQ1.2%2.3%-1.1%
TTM2.4%2.6%-0.2%
YOY3.2%3.1%+0.1%
5Y7.0%3.2%+3.8%
10Y7.0%3.0%+4.0%

1.2. Operating Efficiency of Zhende Medical Co Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Zhende is operating .

  • Measures how much profit Zhende 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 Zhende to the Medical Instruments & Supplies 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 Zhende Medical Co Ltd:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM4.5%-4.5%
TTM4.5%YOY11.4%-7.0%
TTM4.5%5Y14.8%-10.3%
5Y14.8%10Y14.8%0.0%
Compared to industry (Medical Instruments & Supplies)
PeriodCompanyIndustry (mean)+/- 
MRQ-8.4%-8.4%
TTM4.5%6.5%-2.0%
YOY11.4%10.7%+0.7%
5Y14.8%10.1%+4.7%
10Y14.8%8.4%+6.4%
1.2.2. Operating Ratio

Measures how efficient Zhende is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Medical Instruments & Supplies industry mean).
  • An Operation Ratio of 1.57 means that the operating costs are ¥1.57 for each ¥1 in net sales.

Let's take a look of the Operating Ratio trends of Zhende Medical Co Ltd:

  • The MRQ is 1.574. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.513. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.574TTM1.513+0.061
TTM1.513YOY1.519-0.006
TTM1.5135Y1.458+0.055
5Y1.45810Y1.4580.000
Compared to industry (Medical Instruments & Supplies)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5741.099+0.475
TTM1.5131.149+0.364
YOY1.5191.109+0.410
5Y1.4581.101+0.357
10Y1.4581.055+0.403

1.3. Liquidity of Zhende Medical Co Ltd.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Medical Instruments & Supplies industry mean).
  • A Current Ratio of 2.21 means the company has ¥2.21 in assets for each ¥1 in short-term debts.

Let's take a look of the Current Ratio trends of Zhende Medical Co Ltd:

  • The MRQ is 2.207. The company is able to pay all its short-term debts. +1
  • The TTM is 2.612. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ2.207TTM2.612-0.405
TTM2.612YOY2.041+0.570
TTM2.6125Y2.035+0.576
5Y2.03510Y2.0350.000
Compared to industry (Medical Instruments & Supplies)
PeriodCompanyIndustry (mean)+/- 
MRQ2.2072.385-0.178
TTM2.6122.589+0.023
YOY2.0412.582-0.541
5Y2.0352.635-0.600
10Y2.0352.614-0.579
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Zhende to the Medical Instruments & Supplies industry mean.
  • A Quick Ratio of 0.67 means the company can pay off ¥0.67 for each ¥1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Zhende Medical Co Ltd:

  • The MRQ is 0.667. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.682. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.667TTM0.682-0.015
TTM0.682YOY0.476+0.206
TTM0.6825Y0.491+0.192
5Y0.49110Y0.4910.000
Compared to industry (Medical Instruments & Supplies)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6671.165-0.498
TTM0.6821.172-0.490
YOY0.4761.283-0.807
5Y0.4911.392-0.901
10Y0.4911.477-0.986

1.4. Solvency of Zhende Medical Co Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Zhende to Medical Instruments & Supplies industry mean.
  • A Debt to Asset Ratio of 0.26 means that Zhende assets are financed with 25.9% credit (debt) and the remaining percentage (100% - 25.9%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Zhende Medical Co Ltd:

  • The MRQ is 0.259. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.271. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.259TTM0.271-0.012
TTM0.271YOY0.316-0.045
TTM0.2715Y0.367-0.096
5Y0.36710Y0.3670.000
Compared to industry (Medical Instruments & Supplies)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2590.353-0.094
TTM0.2710.355-0.084
YOY0.3160.358-0.042
5Y0.3670.362+0.005
10Y0.3670.369-0.002
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Zhende to the Medical Instruments & Supplies industry mean.
  • A Debt to Equity ratio of 36.4% means that company has ¥0.36 debt for each ¥1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Zhende Medical Co Ltd:

  • The MRQ is 0.364. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.387. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.364TTM0.387-0.023
TTM0.387YOY0.499-0.112
TTM0.3875Y0.665-0.278
5Y0.66510Y0.6650.000
Compared to industry (Medical Instruments & Supplies)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3640.541-0.177
TTM0.3870.545-0.158
YOY0.4990.529-0.030
5Y0.6650.640+0.025
10Y0.6650.6650.000

2. Market Valuation of Zhende Medical Co Ltd

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 Zhende generates.

  • Above 15 is considered overpriced but always compare Zhende to the Medical Instruments & Supplies industry mean.
  • A PE ratio of 28.59 means the investor is paying ¥28.59 for every ¥1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Zhende Medical Co Ltd:

  • The EOD is 21.654. Based on the earnings, the company is fair priced.
  • The MRQ is 28.594. Based on the earnings, the company is overpriced. -1
  • The TTM is 21.971. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD21.654MRQ28.594-6.940
MRQ28.594TTM21.971+6.624
TTM21.971YOY21.791+0.179
TTM21.9715Y25.095-3.124
5Y25.09510Y25.0950.000
Compared to industry (Medical Instruments & Supplies)
PeriodCompanyIndustry (mean)+/- 
EOD21.65417.039+4.615
MRQ28.59417.929+10.665
TTM21.97119.435+2.536
YOY21.79120.661+1.130
5Y25.09521.503+3.592
10Y25.09527.130-2.035
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Zhende Medical Co Ltd:

  • The EOD is 212.494. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is 280.600. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is 71.521. Based on how much money comes from the company's main activities, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD212.494MRQ280.600-68.106
MRQ280.600TTM71.521+209.079
TTM71.521YOY77.873-6.352
TTM71.5215Y27.331+44.190
5Y27.33110Y27.3310.000
Compared to industry (Medical Instruments & Supplies)
PeriodCompanyIndustry (mean)+/- 
EOD212.49410.083+202.411
MRQ280.6009.744+270.856
TTM71.5211.298+70.223
YOY77.8734.667+73.206
5Y27.3314.114+23.217
10Y27.3310.108+27.223
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Medical Instruments & Supplies industry mean).
  • A PB ratio of 1.27 means the investor is paying ¥1.27 for each ¥1 in book value.

Let's take a look of the Price to Book Ratio trends of Zhende Medical Co Ltd:

  • The EOD is 0.958. Based on the equity, the company is cheap. +2
  • The MRQ is 1.265. Based on the equity, the company is underpriced. +1
  • The TTM is 1.498. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD0.958MRQ1.265-0.307
MRQ1.265TTM1.498-0.233
TTM1.498YOY2.514-1.015
TTM1.4985Y3.547-2.048
5Y3.54710Y3.5470.000
Compared to industry (Medical Instruments & Supplies)
PeriodCompanyIndustry (mean)+/- 
EOD0.9582.522-1.564
MRQ1.2652.733-1.468
TTM1.4982.706-1.208
YOY2.5143.220-0.706
5Y3.5473.824-0.277
10Y3.5474.219-0.672
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Zhende Medical Co Ltd compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---0.5190.141-468%1.164-145%1.128-146%1.128-146%
Book Value Per Share--21.42721.810-2%17.763+21%14.360+49%14.360+49%
Current Ratio--2.2072.612-16%2.041+8%2.035+8%2.035+8%
Debt To Asset Ratio--0.2590.271-4%0.316-18%0.367-29%0.367-29%
Debt To Equity Ratio--0.3640.387-6%0.499-27%0.665-45%0.665-45%
Dividend Per Share--0.0220.391-94%0.158-86%0.251-91%0.251-91%
Eps--0.2370.442-46%0.533-56%0.835-72%0.835-72%
Free Cash Flow Per Share--0.0240.653-96%-0.277+1248%0.486-95%0.486-95%
Free Cash Flow To Equity Per Share--0.0240.290-92%0.217-89%0.437-94%0.437-94%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---28.328--------
Intrinsic Value_10Y_min---23.288--------
Intrinsic Value_1Y_max--0.111--------
Intrinsic Value_1Y_min--0.111--------
Intrinsic Value_3Y_max---1.913--------
Intrinsic Value_3Y_min---1.781--------
Intrinsic Value_5Y_max---6.649--------
Intrinsic Value_5Y_min---5.978--------
Market Cap5470239194.240-32%7223492086.2208710955921.385-17%11777802814.635-39%10771073426.733-33%10771073426.733-33%
Net Profit Margin--0.0700.097-28%0.104-33%0.125-44%0.125-44%
Operating Margin---0.045-100%0.114-100%0.148-100%0.148-100%
Operating Ratio--1.5741.513+4%1.519+4%1.458+8%1.458+8%
Pb Ratio0.958-32%1.2651.498-16%2.514-50%3.547-64%3.547-64%
Pe Ratio21.654-32%28.59421.971+30%21.791+31%25.095+14%25.095+14%
Price Per Share20.530-32%27.11032.693-17%44.203-39%40.424-33%40.424-33%
Price To Free Cash Flow Ratio212.494-32%280.60071.521+292%77.873+260%27.331+927%27.331+927%
Price To Total Gains Ratio-41.315+24%-54.55721.662-352%-1180.625+2064%-214.957+294%-214.957+294%
Quick Ratio--0.6670.682-2%0.476+40%0.491+36%0.491+36%
Return On Assets--0.0080.016-50%0.020-60%0.037-78%0.037-78%
Return On Equity--0.0120.024-51%0.032-64%0.070-84%0.070-84%
Total Gains Per Share---0.4970.533-193%1.322-138%1.378-136%1.378-136%
Usd Book Value--790162623.478804283177.086-2%655037397.496+21%529553922.042+49%529553922.042+49%
Usd Book Value Change Per Share---0.0720.020-468%0.161-145%0.156-146%0.156-146%
Usd Book Value Per Share--2.9663.019-2%2.458+21%1.987+49%1.987+49%
Usd Dividend Per Share--0.0030.054-94%0.022-86%0.035-91%0.035-91%
Usd Eps--0.0330.061-46%0.074-56%0.116-72%0.116-72%
Usd Free Cash Flow--890708.35124062942.781-96%-10223862.346+1248%17905499.774-95%17905499.774-95%
Usd Free Cash Flow Per Share--0.0030.090-96%-0.038+1248%0.067-95%0.067-95%
Usd Free Cash Flow To Equity Per Share--0.0030.040-92%0.030-89%0.060-94%0.060-94%
Usd Market Cap757081104.483-32%999731304.7331205596299.520-17%1630047909.545-39%1490716562.260-33%1490716562.260-33%
Usd Price Per Share2.841-32%3.7524.525-17%6.118-39%5.595-33%5.595-33%
Usd Profit--8740668.48518220726.467-52%19665794.852-56%31204532.568-72%31204532.568-72%
Usd Revenue--124982752.154178165313.910-30%187755762.616-33%194522476.605-36%194522476.605-36%
Usd Total Gains Per Share---0.0690.074-193%0.183-138%0.191-136%0.191-136%
 EOD+5 -3MRQTTM+4 -31YOY+13 -225Y+10 -2510Y+10 -25

3.2. Fundamental Score

Let's check the fundamental score of Zhende Medical Co Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1521.654
Price to Book Ratio (EOD)Between0-10.958
Net Profit Margin (MRQ)Greater than00.070
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.667
Current Ratio (MRQ)Greater than12.207
Debt to Asset Ratio (MRQ)Less than10.259
Debt to Equity Ratio (MRQ)Less than10.364
Return on Equity (MRQ)Greater than0.150.012
Return on Assets (MRQ)Greater than0.050.008
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of Zhende Medical Co Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5044.822
Ma 20Greater thanMa 5020.969
Ma 50Greater thanMa 10020.803
Ma 100Greater thanMa 20023.153
OpenGreater thanClose20.910
Total2/5 (40.0%)



Latest Balance Sheet

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

Summary
Total Assets7,705,279
Total Liabilities1,996,012
Total Stockholder Equity5,483,165
 As reported
Total Liabilities 1,996,012
Total Stockholder Equity+ 5,483,165
Total Assets = 7,705,279

Assets

Total Assets7,705,279
Total Current Assets3,354,550
Long-term Assets4,350,729
Total Current Assets
Cash And Cash Equivalents 1,218,031
Short-term Investments 459,469
Net Receivables 555,260
Inventory 888,369
Other Current Assets 59,268
Total Current Assets  (as reported)3,354,550
Total Current Assets  (calculated)3,180,396
+/- 174,153
Long-term Assets
Property Plant Equipment 2,738,988
Goodwill 774,810
Intangible Assets 582,397
Long-term Assets Other 37,353
Long-term Assets  (as reported)4,350,729
Long-term Assets  (calculated)4,133,548
+/- 217,182

Liabilities & Shareholders' Equity

Total Current Liabilities1,520,199
Long-term Liabilities475,813
Total Stockholder Equity5,483,165
Total Current Liabilities
Short Long Term Debt 176,148
Accounts payable 410,710
Other Current Liabilities 6,159
Total Current Liabilities  (as reported)1,520,199
Total Current Liabilities  (calculated)593,017
+/- 927,182
Long-term Liabilities
Long term Debt 185,148
Capital Lease Obligations Min Short Term Debt34,651
Long-term Liabilities  (as reported)475,813
Long-term Liabilities  (calculated)219,800
+/- 256,013
Total Stockholder Equity
Retained Earnings 3,256,000
Total Stockholder Equity (as reported)5,483,165
Total Stockholder Equity (calculated)3,256,000
+/- 2,227,164
Other
Capital Stock266,451
Common Stock Shares Outstanding 266,451
Net Invested Capital 5,844,461
Net Working Capital 1,834,351
Property Plant and Equipment Gross 2,738,988



Balance Sheet

Currency in CNY. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-31
> Total Assets 
0
1,991,978
2,031,783
2,393,408
2,669,238
3,041,253
6,702,168
6,357,398
6,400,087
6,579,298
6,492,340
6,782,939
6,421,677
6,658,086
7,125,746
7,436,623
7,896,934
8,119,014
8,177,278
7,705,279
7,705,2798,177,2788,119,0147,896,9347,436,6237,125,7466,658,0866,421,6776,782,9396,492,3406,579,2986,400,0876,357,3986,702,1683,041,2532,669,2382,393,4082,031,7831,991,9780
   > Total Current Assets 
0
1,076,525
1,067,080
1,362,549
1,594,505
1,822,591
5,229,196
4,625,932
4,354,301
4,245,194
4,010,765
3,733,427
3,195,591
3,219,494
3,599,890
3,867,685
4,133,981
4,174,717
3,885,694
3,354,550
3,354,5503,885,6944,174,7174,133,9813,867,6853,599,8903,219,4943,195,5913,733,4274,010,7654,245,1944,354,3014,625,9325,229,1961,822,5911,594,5051,362,5491,067,0801,076,5250
       Cash And Cash Equivalents 
0
283,072
275,823
432,977
646,248
662,230
2,469,445
1,936,994
1,808,970
1,852,823
2,278,426
1,951,274
1,358,306
1,333,520
1,291,264
1,609,486
2,075,108
1,948,596
1,656,921
1,218,031
1,218,0311,656,9211,948,5962,075,1081,609,4861,291,2641,333,5201,358,3061,951,2742,278,4261,852,8231,808,9701,936,9942,469,445662,230646,248432,977275,823283,0720
       Short-term Investments 
0
0
0
0
40,427
180,000
0
592,764
203,920
205,473
4,986
3,726
5,216
6,488
0
1,210
99,667
255,758
454,100
459,469
459,469454,100255,75899,6671,21006,4885,2163,7264,986205,473203,920592,7640180,00040,4270000
       Net Receivables 
0
270,573
294,773
386,889
389,737
367,074
692,905
856,943
727,050
726,335
572,910
687,586
733,020
729,941
817,431
938,341
767,914
805,649
679,264
555,260
555,260679,264805,649767,914938,341817,431729,941733,020687,586572,910726,335727,050856,943692,905367,074389,737386,889294,773270,5730
       Other Current Assets 
0
55,237
36,811
54,066
87,152
130,098
1,021,387
361,416
236,207
394,473
262,953
269,292
265,553
296,801
258,182
210,780
41,047
81,695
202,651
59,268
59,268202,65181,69541,047210,780258,182296,801265,553269,292262,953394,473236,207361,4161,021,387130,09887,15254,06636,81155,2370
   > Long-term Assets 
0
915,453
964,703
1,030,859
1,074,734
1,218,662
1,472,972
1,731,466
2,045,786
2,334,104
2,481,575
3,049,512
3,226,085
3,438,592
3,525,856
3,568,938
3,762,953
3,944,298
4,291,584
4,350,729
4,350,7294,291,5843,944,2983,762,9533,568,9383,525,8563,438,5923,226,0853,049,5122,481,5752,334,1042,045,7861,731,4661,472,9721,218,6621,074,7341,030,859964,703915,4530
       Property Plant Equipment 
630,018
665,643
703,618
767,958
756,788
892,405
1,151,494
1,367,185
1,536,586
1,820,893
1,900,222
2,084,571
2,177,614
2,388,594
2,466,128
2,445,729
2,528,312
2,606,957
2,665,902
2,738,988
2,738,9882,665,9022,606,9572,528,3122,445,7292,466,1282,388,5942,177,6142,084,5711,900,2221,820,8931,536,5861,367,1851,151,494892,405756,788767,958703,618665,643630,018
       Goodwill 
0
93,232
93,232
93,232
89,616
89,616
89,616
127,501
130,423
130,423
130,423
380,193
398,520
398,520
398,520
398,520
474,486
577,208
784,522
774,810
774,810784,522577,208474,486398,520398,520398,520398,520380,193130,423130,423130,423127,50189,61689,61689,61693,23293,23293,2320
       Intangible Assets 
0
131,587
2,410
130,013
185,131
184,105
200,340
202,788
225,622
332,248
337,636
405,685
444,816
500,239
496,111
566,436
564,462
559,534
588,490
582,397
582,397588,490559,534564,462566,436496,111500,239444,816405,685337,636332,248225,622202,788200,340184,105185,131130,0132,410131,5870
       Long-term Assets Other 
0
11,299
22,928
25,138
26,983
30,591
3,076
1,368,612
112,829
667
12,375
50,780
60,353
6,679
17,023
5,434
0
3,633
37,353
37,353
37,35337,3533,63305,43417,0236,67960,35350,78012,375667112,8291,368,6123,07630,59126,98325,13822,92811,2990
> Total Liabilities 
0
817,373
861,274
1,178,780
1,269,566
1,557,376
4,246,313
2,426,256
1,933,194
1,937,100
2,227,363
2,465,311
1,982,077
2,118,139
2,732,328
1,877,872
2,139,939
2,187,698
2,329,678
1,996,012
1,996,0122,329,6782,187,6982,139,9391,877,8722,732,3282,118,1391,982,0772,465,3112,227,3631,937,1001,933,1942,426,2564,246,3131,557,3761,269,5661,178,780861,274817,3730
   > Total Current Liabilities 
0
773,276
817,862
1,134,999
798,311
1,059,258
3,774,555
2,083,454
1,739,196
1,746,103
1,889,365
2,097,905
1,602,603
1,738,826
1,966,733
1,553,535
1,518,729
1,319,632
1,650,376
1,520,199
1,520,1991,650,3761,319,6321,518,7291,553,5351,966,7331,738,8261,602,6032,097,9051,889,3651,746,1031,739,1962,083,4543,774,5551,059,258798,3111,134,999817,862773,2760
       Short-term Debt 
0
499,100
499,100
647,100
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000647,100499,100499,1000
       Short Long Term Debt 
0
499,100
499,100
647,100
292,487
405,249
350,235
358,318
358,366
350,357
410,432
646,838
660,726
799,880
904,879
548,518
123,999
360,110
366,306
176,148
176,148366,306360,110123,999548,518904,879799,880660,726646,838410,432350,357358,366358,318350,235405,249292,487647,100499,100499,1000
       Accounts payable 
0
176,420
204,908
303,849
289,734
310,391
857,011
606,620
636,274
779,952
602,606
557,630
576,825
565,598
621,644
498,120
702,697
586,437
452,839
410,710
410,710452,839586,437702,697498,120621,644565,598576,825557,630602,606779,952636,274606,620857,011310,391289,734303,849204,908176,4200
       Other Current Liabilities 
0
3,100
0
129,063
89,399
266,628
2,357,300
1,002,467
356,784
527,992
667,158
776,333
176,280
272,552
203,060
355,884
16,917
235,795
338,608
6,159
6,159338,608235,79516,917355,884203,060272,552176,280776,333667,158527,992356,7841,002,4672,357,300266,62889,399129,06303,1000
   > Long-term Liabilities 
0
44,097
43,412
43,781
471,255
498,118
471,758
342,803
193,998
190,997
337,998
367,406
379,474
379,312
765,595
324,338
621,210
868,066
679,302
475,813
475,813679,302868,066621,210324,338765,595379,312379,474367,406337,998190,997193,998342,803471,758498,118471,25543,78143,41244,0970
       Capital Lease Obligations Min Short Term Debt
0
-499,100
-499,100
-647,100
0
0
0
0
0
63,615
64,537
64,608
32,733
32,062
34,296
35,745
36,807
37,090
35,994
34,651
34,65135,99437,09036,80735,74534,29632,06232,73364,60864,53763,61500000-647,100-499,100-499,1000
       Long-term Liabilities Other 
0
0
0
0
422,084
427,893
403,352
0
0
243
0
0
0
0
0
0
0
0
0
0
000000000024300403,352427,893422,0840000
       Deferred Long Term Liability 
1,543
1,516
1,956
1,986
1,167
1,235
956
1,085
792
704
591
502
3,925
4,374
3,323
4,227
0
0
4,109
0
04,109004,2273,3234,3743,9255025917047921,0859561,2351,1671,9861,9561,5161,543
> Total Stockholder Equity
0
1,154,336
1,149,050
1,186,347
1,358,786
1,443,852
2,310,904
3,564,437
4,182,786
4,301,318
3,905,266
3,956,328
4,066,741
4,172,497
4,198,277
5,366,670
5,541,678
5,716,304
5,616,118
5,483,165
5,483,1655,616,1185,716,3045,541,6785,366,6704,198,2774,172,4974,066,7413,956,3283,905,2664,301,3184,182,7863,564,4372,310,9041,443,8521,358,7861,186,3471,149,0501,154,3360
   Common Stock
100,000
100,000
140,000
140,000
140,000
140,000
198,864
212,131
227,205
227,205
227,205
227,205
227,205
227,205
227,205
266,451
0
0
266,451
0
0266,45100266,451227,205227,205227,205227,205227,205227,205227,205212,131198,864140,000140,000140,000140,000100,000100,000
   Retained Earnings Total Equity00000000000000000000
   Accumulated Other Comprehensive Income 00000000000000000000
   Capital Surplus 00000000000000000000
   Treasury Stock00000000000000000000
   Other Stockholders Equity 
0
0
224
2,514
113,175
112,328
96,709
52,079
-775
-3,070
-545
-40
-12,421
-25,067
-29,841
-34,384
0
0
-3,194
0
0-3,19400-34,384-29,841-25,067-12,421-40-545-3,070-77552,07996,709112,328113,1752,51422400



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 (+$)
totalRevenue5,149,287
Cost of Revenue-3,294,284
Gross Profit1,855,0031,855,003
 
Operating Income (+$)
Gross Profit1,855,003
Operating Expense-4,400,637
Operating Income748,649-2,545,635
 
Operating Expense (+$)
Research Development176,837
Selling General Administrative582,350
Selling And Marketing Expenses-
Operating Expense4,400,637759,187
 
Net Interest Income (+$)
Interest Income17,375
Interest Expense-26,957
Other Finance Cost-9,895
Net Interest Income313
 
Pretax Income (+$)
Operating Income748,649
Net Interest Income313
Other Non-Operating Income Expenses-
Income Before Tax (EBT)616,596748,649
EBIT - interestExpense = -26,957
526,611
553,567
Interest Expense26,957
Earnings Before Interest and Taxes (EBIT)-643,553
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax616,596
Tax Provision-67,810
Net Income From Continuing Ops548,786548,786
Net Income526,611
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--313
 

Technical Analysis of Zhende
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 Zhende. The general trend of Zhende 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 Zhende'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 Zhende Medical Co Ltd.

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

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 21.98 < 22.08 < 23.37.

The bearish price targets are: 19.95 > 15.68.

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Zhende Medical Co Ltd Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Zhende Medical Co Ltd. 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 higher than the MA 50. +1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending 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 lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Zhende Medical Co Ltd Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Zhende Medical Co Ltd. The current macd is 0.00839953.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-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 Zhende price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Zhende. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Zhende price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +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
Zhende Medical Co Ltd Daily Moving Average Convergence/Divergence (MACD) ChartZhende Medical Co Ltd Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Zhende Medical Co Ltd. The current adx is 14.93.

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

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Zhende shares, leading to potential upward 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 bullish trend could be forming. +1
Zhende Medical Co Ltd Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Zhende Medical Co Ltd. The current sar is 22.69.

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
Zhende Medical Co Ltd Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Zhende Medical Co Ltd. The current rsi is 44.82. 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
Zhende Medical Co Ltd Daily Relative Strength Index (RSI) ChartZhende Medical Co Ltd Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Zhende Medical Co Ltd. 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 Zhende price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Zhende Medical Co Ltd Daily Stochastic Oscillator ChartZhende Medical Co Ltd Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Zhende Medical Co Ltd. The current cci is -64.52476573.

Zhende Medical Co Ltd Daily Commodity Channel Index (CCI) ChartZhende Medical Co Ltd Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Zhende Medical Co Ltd. The current cmo is -17.28370083.

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
Zhende Medical Co Ltd Daily Chande Momentum Oscillator (CMO) ChartZhende Medical Co Ltd Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Zhende Medical Co Ltd. The current willr is -87.44939271.

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
Zhende Medical Co Ltd Daily Williams %R ChartZhende Medical Co Ltd Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Zhende Medical Co Ltd.

Zhende Medical Co Ltd Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Zhende Medical Co Ltd. The current atr is 0.79874537.

Zhende Medical Co Ltd Daily Average True Range (ATR) ChartZhende Medical Co Ltd Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Zhende Medical Co Ltd. The current obv is -15,759,748.

Zhende Medical Co Ltd Daily On-Balance Volume (OBV) ChartZhende Medical Co Ltd Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Zhende Medical Co Ltd. The current mfi is 66.10.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Zhende Medical Co Ltd Daily Money Flow Index (MFI) ChartZhende Medical Co Ltd Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Zhende Medical Co Ltd.

6.2. Trading Signals

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

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

6.3. Candlestick Patterns

Zhende Medical Co Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Zhende Medical Co Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5044.822
Ma 20Greater thanMa 5020.969
Ma 50Greater thanMa 10020.803
Ma 100Greater thanMa 20023.153
OpenGreater thanClose20.910
Total2/5 (40.0%)
Penke

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