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Shin Ruenn Development Co Ltd
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PenkeI guess you are interested in Shin Ruenn Development 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 Shin Ruenn Development 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 Shin Ruenn Development Co Ltd (30 sec.)










What can you expect buying and holding a share of Shin Ruenn Development Co Ltd? (30 sec.)

How much money do you get?

How much money do you get?
NT$0.09
When do you have the money?
1 year
How often do you get paid?
53.8%

What is your share worth?

Current worth
NT$19.20
Expected worth in 1 year
NT$20.72
How sure are you?
84.6%

+ What do you gain per year?

Total Gains per Share
NT$4.51
Return On Investment
7.1%

For what price can you sell your share?

Current Price per Share
NT$63.60
Expected price per share
NT$58.90 - NT$
How sure are you?
50%

1. Valuation of Shin Ruenn Development Co Ltd (5 min.)




Live pricePrice per Share (EOD)

NT$63.60

Intrinsic Value Per Share

NT$297.12 - NT$359.70

Total Value Per Share

NT$316.33 - NT$378.90

2. Growth of Shin Ruenn Development Co Ltd (5 min.)




Is Shin Ruenn Development Co Ltd growing?

Current yearPrevious yearGrowGrow %
How rich?$90.1m$87.2m$5.6m6.1%

How much money is Shin Ruenn Development Co Ltd making?

Current yearPrevious yearGrowGrow %
Making money$4.3m-$883.8k$5.2m120.3%
Net Profit Margin12.8%-1,571.0%--

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

3. Financial Health of Shin Ruenn Development Co Ltd (5 min.)




4. Comparing to competitors in the Real Estate - Development industry (5 min.)




  Industry Rankings (Real Estate - Development)  

What can you expect buying and holding a share of Shin Ruenn Development Co Ltd? (5 min.)

Welcome investor! Shin Ruenn Development Co Ltd's management wants to use your money to grow the business. In return you get a share of Shin Ruenn Development Co Ltd.

What can you expect buying and holding a share of Shin Ruenn Development Co Ltd?

First you should know what it really means to hold a share of Shin Ruenn Development Co Ltd. And how you can make/lose money.

Speculation

The Price per Share of Shin Ruenn Development Co Ltd is NT$63.60. 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 Shin Ruenn Development Co Ltd.
  • 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 Shin Ruenn Development Co Ltd, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is NT$19.20. Based on the TTM, the Book Value Change Per Share is NT$0.38 per quarter. Based on the YOY, the Book Value Change Per Share is NT$-0.39 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is NT$0.75 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Shin Ruenn Development Co Ltd.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 NT$% of Price per ShareNT$% of Price per ShareNT$% of Price per ShareNT$% of Price per ShareNT$% of Price per Share
Usd Eps0.020.0%0.030.0%-0.010.0%0.020.0%0.020.0%
Usd Book Value Change Per Share0.020.0%0.010.0%-0.010.0%0.050.1%0.050.1%
Usd Dividend Per Share0.000.0%0.020.0%0.030.1%0.030.0%0.030.0%
Usd Total Gains Per Share0.020.0%0.040.1%0.020.0%0.080.1%0.080.1%
Usd Price Per Share1.59-1.34-0.87-1.03-1.03-
Price to Earnings Ratio24.23-58.98--46.14-3.83-3.83-
Price-to-Total Gains Ratio96.91-64.08-19.01-32.18-32.18-
Price to Book Ratio2.65-2.17-1.49-1.74-1.74-
Price-to-Total Gains Ratio96.91-64.08-19.01-32.18-32.18-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share1.99068
Number of shares502
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.020.03
Usd Book Value Change Per Share0.010.05
Usd Total Gains Per Share0.040.08
Gains per Quarter (502 shares)17.7338.12
Gains per Year (502 shares)70.92152.47
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
14724616093142
29448132119186294
314171203179279446
418995274239371598
5236119345298464750
6283143416358557902
73301664874176501054
83771905584777431206
94242146295378361358
104712387005969281510

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%7.05.00.058.3%8.05.00.061.5%8.05.00.061.5%8.05.00.061.5%
Book Value Change Per Share3.01.00.075.0%7.05.00.058.3%8.05.00.061.5%8.05.00.061.5%8.05.00.061.5%
Dividend per Share1.00.03.025.0%6.00.06.050.0%7.00.06.053.8%7.00.06.053.8%7.00.06.053.8%
Total Gains per Share3.01.00.075.0%10.02.00.083.3%11.02.00.084.6%11.02.00.084.6%11.02.00.084.6%

Fundamentals of Shin Ruenn Development Co Ltd

About Shin Ruenn Development Co Ltd

Shin Ruenn development Co., LTD develops, trades in, leases, and sells residential, building, and other real estate properties in Taiwan. The company was formerly known as Jinglay, Inc. and changed its name to Shin Ruenn development Co., LTD. in July 2011. Shin Ruenn development Co., LTD was founded in 1987 and is based in Taipei, Taiwan.

Fundamental data was last updated by Penke on 2024-03-08 11:05:03.

Financial Health

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

Valuation

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

1.1. Profitability of Shin Ruenn Development Co Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Shin Ruenn Development Co Ltd earns for each NT$1 of revenue.

  • Above 10% is considered healthy but always compare Shin Ruenn Development Co Ltd to the Real Estate - Development industry mean.
  • A Net Profit Margin of 15.4% means that NT$0.15 for each NT$1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Shin Ruenn Development Co Ltd:

  • The MRQ is 15.4%. The company is making a huge profit. +2
  • The TTM is 12.8%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ15.4%TTM12.8%+2.6%
TTM12.8%YOY-1,571.0%+1,583.7%
TTM12.8%5Y-476.6%+489.4%
5Y-476.6%10Y-476.6%0.0%
Compared to industry (Real Estate - Development)
PeriodCompanyIndustry (mean)+/- 
MRQ15.4%2.0%+13.4%
TTM12.8%8.4%+4.4%
YOY-1,571.0%14.3%-1,585.3%
5Y-476.6%14.3%-490.9%
10Y-476.6%14.2%-490.8%
1.1.2. Return on Assets

Shows how efficient Shin Ruenn Development Co Ltd is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Shin Ruenn Development Co Ltd to the Real Estate - Development industry mean.
  • 0.4% Return on Assets means that Shin Ruenn Development Co Ltd generated NT$0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Shin Ruenn Development Co Ltd:

  • The MRQ is 0.4%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.8%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.4%TTM0.8%-0.4%
TTM0.8%YOY-0.2%+0.9%
TTM0.8%5Y0.5%+0.2%
5Y0.5%10Y0.5%0.0%
Compared to industry (Real Estate - Development)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4%0.1%+0.3%
TTM0.8%0.5%+0.3%
YOY-0.2%1.2%-1.4%
5Y0.5%1.7%-1.2%
10Y0.5%1.7%-1.2%
1.1.3. Return on Equity

Shows how efficient Shin Ruenn Development Co Ltd is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Shin Ruenn Development Co Ltd to the Real Estate - Development industry mean.
  • 2.7% Return on Equity means Shin Ruenn Development Co Ltd generated NT$0.03 for each NT$1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Shin Ruenn Development Co Ltd:

  • The MRQ is 2.7%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 4.6%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ2.7%TTM4.6%-1.8%
TTM4.6%YOY-1.0%+5.6%
TTM4.6%5Y2.9%+1.7%
5Y2.9%10Y2.9%0.0%
Compared to industry (Real Estate - Development)
PeriodCompanyIndustry (mean)+/- 
MRQ2.7%0.2%+2.5%
TTM4.6%1.8%+2.8%
YOY-1.0%3.9%-4.9%
5Y2.9%5.1%-2.2%
10Y2.9%4.8%-1.9%

1.2. Operating Efficiency of Shin Ruenn Development Co Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Shin Ruenn Development Co Ltd is operating .

  • Measures how much profit Shin Ruenn Development Co Ltd makes for each NT$1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Shin Ruenn Development Co Ltd to the Real Estate - Development industry mean.
  • An Operating Margin of 0.0% means the company generated NT$0.00  for each NT$1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Shin Ruenn Development Co Ltd:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM7.0%-7.0%
TTM7.0%YOY-1,547.4%+1,554.3%
TTM7.0%5Y-469.7%+476.6%
5Y-469.7%10Y-469.7%0.0%
Compared to industry (Real Estate - Development)
PeriodCompanyIndustry (mean)+/- 
MRQ-5.1%-5.1%
TTM7.0%6.2%+0.8%
YOY-1,547.4%20.4%-1,567.8%
5Y-469.7%20.4%-490.1%
10Y-469.7%19.8%-489.5%
1.2.2. Operating Ratio

Measures how efficient Shin Ruenn Development Co Ltd is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Real Estate - Development industry mean).
  • An Operation Ratio of 1.50 means that the operating costs are NT$1.50 for each NT$1 in net sales.

Let's take a look of the Operating Ratio trends of Shin Ruenn Development Co Ltd:

  • The MRQ is 1.497. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.572. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.497TTM1.572-0.075
TTM1.572YOY15.066-13.493
TTM1.5725Y5.718-4.146
5Y5.71810Y5.7180.000
Compared to industry (Real Estate - Development)
PeriodCompanyIndustry (mean)+/- 
MRQ1.4971.657-0.160
TTM1.5721.652-0.080
YOY15.0661.244+13.822
5Y5.7181.296+4.422
10Y5.7181.318+4.400

1.3. Liquidity of Shin Ruenn Development Co Ltd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Shin Ruenn Development Co Ltd is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Real Estate - Development industry mean).
  • A Current Ratio of 1.22 means the company has NT$1.22 in assets for each NT$1 in short-term debts.

Let's take a look of the Current Ratio trends of Shin Ruenn Development Co Ltd:

  • The MRQ is 1.219. The company is just able to pay all its short-term debts.
  • The TTM is 1.261. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.219TTM1.261-0.041
TTM1.261YOY1.292-0.031
TTM1.2615Y1.324-0.063
5Y1.32410Y1.3240.000
Compared to industry (Real Estate - Development)
PeriodCompanyIndustry (mean)+/- 
MRQ1.2192.054-0.835
TTM1.2611.950-0.689
YOY1.2921.956-0.664
5Y1.3242.076-0.752
10Y1.3242.079-0.755
1.3.2. Quick Ratio

Measures if Shin Ruenn Development Co Ltd is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Shin Ruenn Development Co Ltd to the Real Estate - Development industry mean.
  • A Quick Ratio of 0.07 means the company can pay off NT$0.07 for each NT$1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Shin Ruenn Development Co Ltd:

  • The MRQ is 0.070. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.060. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.070TTM0.060+0.010
TTM0.060YOY0.078-0.018
TTM0.0605Y0.061-0.001
5Y0.06110Y0.0610.000
Compared to industry (Real Estate - Development)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0700.175-0.105
TTM0.0600.115-0.055
YOY0.0780.177-0.099
5Y0.0610.151-0.090
10Y0.0610.142-0.081

1.4. Solvency of Shin Ruenn Development Co Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Shin Ruenn Development Co Ltd assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Shin Ruenn Development Co Ltd to Real Estate - Development industry mean.
  • A Debt to Asset Ratio of 0.86 means that Shin Ruenn Development Co Ltd assets are financed with 86.0% credit (debt) and the remaining percentage (100% - 86.0%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Shin Ruenn Development Co Ltd:

  • The MRQ is 0.860. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.845. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.860TTM0.845+0.015
TTM0.845YOY0.835+0.010
TTM0.8455Y0.831+0.014
5Y0.83110Y0.8310.000
Compared to industry (Real Estate - Development)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8600.712+0.148
TTM0.8450.714+0.131
YOY0.8350.702+0.133
5Y0.8310.678+0.153
10Y0.8310.653+0.178
1.4.2. Debt to Equity Ratio

Measures if Shin Ruenn Development Co Ltd is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Shin Ruenn Development Co Ltd to the Real Estate - Development industry mean.
  • A Debt to Equity ratio of 613.0% means that company has NT$6.13 debt for each NT$1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Shin Ruenn Development Co Ltd:

  • The MRQ is 6.130. The company is unable to pay all its debts with equity. -1
  • The TTM is 5.504. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ6.130TTM5.504+0.626
TTM5.504YOY5.142+0.363
TTM5.5045Y4.985+0.520
5Y4.98510Y4.9850.000
Compared to industry (Real Estate - Development)
PeriodCompanyIndustry (mean)+/- 
MRQ6.1302.507+3.623
TTM5.5042.531+2.973
YOY5.1422.391+2.751
5Y4.9852.241+2.744
10Y4.9852.097+2.888

2. Market Valuation of Shin Ruenn Development Co Ltd

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every NT$1 in earnings Shin Ruenn Development Co Ltd generates.

  • Above 15 is considered overpriced but always compare Shin Ruenn Development Co Ltd to the Real Estate - Development industry mean.
  • A PE ratio of 24.23 means the investor is paying NT$24.23 for every NT$1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Shin Ruenn Development Co Ltd:

  • The EOD is 30.273. Based on the earnings, the company is overpriced. -1
  • The MRQ is 24.228. Based on the earnings, the company is fair priced.
  • The TTM is 58.983. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD30.273MRQ24.228+6.045
MRQ24.228TTM58.983-34.755
TTM58.983YOY-46.139+105.122
TTM58.9835Y3.829+55.154
5Y3.82910Y3.8290.000
Compared to industry (Real Estate - Development)
PeriodCompanyIndustry (mean)+/- 
EOD30.273116.936-86.663
MRQ24.228139.325-115.097
TTM58.98340.389+18.594
YOY-46.13921.810-67.949
5Y3.829-85.973+89.802
10Y3.829-74.330+78.159
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Shin Ruenn Development Co Ltd:

  • The EOD is 15.400. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 12.325. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 2.033. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD15.400MRQ12.325+3.075
MRQ12.325TTM2.033+10.292
TTM2.033YOY-2.232+4.265
TTM2.0335Y-0.542+2.575
5Y-0.54210Y-0.5420.000
Compared to industry (Real Estate - Development)
PeriodCompanyIndustry (mean)+/- 
EOD15.400-3.383+18.783
MRQ12.325-4.031+16.356
TTM2.033-0.925+2.958
YOY-2.2321.398-3.630
5Y-0.5421.469-2.011
10Y-0.5421.335-1.877
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Shin Ruenn Development Co Ltd is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Real Estate - Development industry mean).
  • A PB ratio of 2.65 means the investor is paying NT$2.65 for each NT$1 in book value.

Let's take a look of the Price to Book Ratio trends of Shin Ruenn Development Co Ltd:

  • The EOD is 3.312. Based on the equity, the company is fair priced.
  • The MRQ is 2.651. Based on the equity, the company is underpriced. +1
  • The TTM is 2.173. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD3.312MRQ2.651+0.661
MRQ2.651TTM2.173+0.478
TTM2.173YOY1.494+0.679
TTM2.1735Y1.741+0.432
5Y1.74110Y1.7410.000
Compared to industry (Real Estate - Development)
PeriodCompanyIndustry (mean)+/- 
EOD3.3121.091+2.221
MRQ2.6511.300+1.351
TTM2.1731.357+0.816
YOY1.4941.602-0.108
5Y1.7411.774-0.033
10Y1.7411.828-0.087
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Shin Ruenn Development 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--0.5250.378+39%-0.387+174%1.477-64%1.477-64%
Book Value Per Share--19.20219.799-3%18.587+3%18.827+2%18.827+2%
Current Ratio--1.2191.261-3%1.292-6%1.324-8%1.324-8%
Debt To Asset Ratio--0.8600.845+2%0.835+3%0.831+4%0.831+4%
Debt To Equity Ratio--6.1305.504+11%5.142+19%4.985+23%4.985+23%
Dividend Per Share---0.750-100%1.021-100%0.949-100%0.949-100%
Eps--0.5250.895-41%-0.188+136%0.549-4%0.549-4%
Free Cash Flow Per Share--1.0320.055+1761%-3.835+471%-1.346+230%-1.346+230%
Free Cash Flow To Equity Per Share--1.032-0.178+117%-0.244+124%0.280+268%0.280+268%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--359.702--------
Intrinsic Value_10Y_min--297.125--------
Intrinsic Value_1Y_max--1.933--------
Intrinsic Value_1Y_min--1.879--------
Intrinsic Value_3Y_max--31.805--------
Intrinsic Value_3Y_min--29.839--------
Intrinsic Value_5Y_max--93.020--------
Intrinsic Value_5Y_min--84.101--------
Market Cap9539109600.000+20%7634287400.0006419400800.000+19%4149007345.613+84%4920465212.927+55%4920465212.927+55%
Net Profit Margin--0.1540.128+21%-15.710+10307%-4.766+3197%-4.766+3197%
Operating Margin---0.070-100%-15.4740%-4.6970%-4.6970%
Operating Ratio--1.4971.572-5%15.066-90%5.718-74%5.718-74%
Pb Ratio3.312+20%2.6512.173+22%1.494+77%1.741+52%1.741+52%
Pe Ratio30.273+20%24.22858.983-59%-46.139+290%3.829+533%3.829+533%
Price Per Share63.600+20%50.90042.800+19%27.663+84%32.806+55%32.806+55%
Price To Free Cash Flow Ratio15.400+20%12.3252.033+506%-2.232+118%-0.542+104%-0.542+104%
Price To Total Gains Ratio121.090+20%96.91064.075+51%19.006+410%32.181+201%32.181+201%
Quick Ratio--0.0700.060+16%0.078-11%0.061+15%0.061+15%
Return On Assets--0.0040.008-49%-0.002+143%0.005-25%0.005-25%
Return On Equity--0.0270.046-40%-0.010+137%0.029-5%0.029-5%
Total Gains Per Share--0.5251.128-53%0.634-17%2.426-78%2.426-78%
Usd Book Value--90144062.60092948433.050-3%87255659.475+3%88382517.862+2%88382517.862+2%
Usd Book Value Change Per Share--0.0160.012+39%-0.012+174%0.046-64%0.046-64%
Usd Book Value Per Share--0.6010.620-3%0.582+3%0.589+2%0.589+2%
Usd Dividend Per Share---0.023-100%0.032-100%0.030-100%0.030-100%
Usd Eps--0.0160.028-41%-0.006+136%0.017-4%0.017-4%
Usd Free Cash Flow--4846961.500260423.825+1761%-18002687.975+471%-6319053.469+230%-6319053.469+230%
Usd Free Cash Flow Per Share--0.0320.002+1761%-0.120+471%-0.042+230%-0.042+230%
Usd Free Cash Flow To Equity Per Share--0.032-0.006+117%-0.008+124%0.009+268%0.009+268%
Usd Market Cap298574130.480+20%238953195.620200927245.040+19%129863929.918+84%154010561.165+55%154010561.165+55%
Usd Price Per Share1.991+20%1.5931.340+19%0.866+84%1.027+55%1.027+55%
Usd Profit--2465720.1004358399.800-43%-883841.575+136%2624006.608-6%2624006.608-6%
Usd Revenue--16020905.00027435960.225-42%189850.150+8339%21600329.838-26%21600329.838-26%
Usd Total Gains Per Share--0.0160.035-53%0.020-17%0.076-78%0.076-78%
 EOD+4 -4MRQTTM+15 -20YOY+22 -125Y+15 -1910Y+15 -19

3.2. Fundamental Score

Let's check the fundamental score of Shin Ruenn Development Co Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1530.273
Price to Book Ratio (EOD)Between0-13.312
Net Profit Margin (MRQ)Greater than00.154
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.070
Current Ratio (MRQ)Greater than11.219
Debt to Asset Ratio (MRQ)Less than10.860
Debt to Equity Ratio (MRQ)Less than16.130
Return on Equity (MRQ)Greater than0.150.027
Return on Assets (MRQ)Greater than0.050.004
Total3/10 (30.0%)

3.3. Technical Score

Let's check the technical score of Shin Ruenn Development Co Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5078.765
Ma 20Greater thanMa 5059.115
Ma 50Greater thanMa 10058.700
Ma 100Greater thanMa 20057.397
OpenGreater thanClose63.500
Total4/5 (80.0%)



Latest Balance Sheet

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

Summary
Total Assets20,533,546
Total Liabilities17,653,544
Total Stockholder Equity2,880,002
 As reported
Total Liabilities 17,653,544
Total Stockholder Equity+ 2,880,002
Total Assets = 20,533,546

Assets

Total Assets20,533,546
Total Current Assets19,894,469
Long-term Assets639,077
Total Current Assets
Cash And Cash Equivalents 445,765
Short-term Investments 1,122,648
Net Receivables 13,990
Inventory 17,202,005
Other Current Assets 902,612
Total Current Assets  (as reported)19,894,469
Total Current Assets  (calculated)19,687,020
+/- 207,449
Long-term Assets
Property Plant Equipment 50,597
Long-term Assets  (as reported)639,077
Long-term Assets  (calculated)50,597
+/- 588,480

Liabilities & Shareholders' Equity

Total Current Liabilities16,314,452
Long-term Liabilities1,339,092
Total Stockholder Equity2,880,002
Total Current Liabilities
Short Long Term Debt 11,353,224
Accounts payable 230,222
Other Current Liabilities 545,311
Total Current Liabilities  (as reported)16,314,452
Total Current Liabilities  (calculated)12,128,757
+/- 4,185,695
Long-term Liabilities
Long term Debt 1,300,000
Capital Lease Obligations Min Short Term Debt48,732
Long-term Liabilities  (as reported)1,339,092
Long-term Liabilities  (calculated)1,348,732
+/- 9,640
Total Stockholder Equity
Retained Earnings 257,014
Total Stockholder Equity (as reported)2,880,002
Total Stockholder Equity (calculated)257,014
+/- 2,622,988
Other
Capital Stock1,499,861
Common Stock Shares Outstanding 149,986
Net Debt 12,207,459
Net Invested Capital 15,533,226
Net Working Capital 3,580,017
Property Plant and Equipment Gross 50,597



Balance Sheet

Currency in TWD. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-30
> Total Assets 
14,260,700
15,661,147
15,235,857
14,475,785
14,458,788
15,619,121
16,538,059
17,584,350
18,439,777
17,921,267
18,850,965
19,667,137
20,533,546
20,533,54619,667,13718,850,96517,921,26718,439,77717,584,35016,538,05915,619,12114,458,78814,475,78515,235,85715,661,14714,260,700
   > Total Current Assets 
13,339,433
14,715,541
14,354,961
13,680,499
13,636,116
15,042,396
15,872,443
16,908,405
17,948,626
17,196,436
18,074,268
18,916,515
19,894,469
19,894,46918,916,51518,074,26817,196,43617,948,62616,908,40515,872,44315,042,39613,636,11613,680,49914,354,96114,715,54113,339,433
       Cash And Cash Equivalents 
809,778
350,503
1,035,760
1,344,972
1,085,722
582,015
522,664
580,127
497,023
426,760
391,341
391,102
445,765
445,765391,102391,341426,760497,023580,127522,664582,0151,085,7221,344,9721,035,760350,503809,778
       Short-term Investments 
223,689
337,646
262,211
324,742
307,551
827,927
971,272
855,496
1,072,299
716,749
733,151
763,160
1,122,648
1,122,648763,160733,151716,7491,072,299855,496971,272827,927307,551324,742262,211337,646223,689
       Net Receivables 
54,999
185,042
186,350
367,415
98,231
108,117
44,692
28,986
50,868
142,979
22,845
23,801
13,990
13,99023,80122,845142,97950,86828,98644,692108,11798,231367,415186,350185,04254,999
       Inventory 
12,020,763
13,522,608
12,637,222
11,375,411
11,842,103
13,055,582
13,829,308
14,770,435
15,546,128
15,111,669
16,074,505
16,751,119
17,202,005
17,202,00516,751,11916,074,50515,111,66915,546,12814,770,43513,829,30813,055,58211,842,10311,375,41112,637,22213,522,60812,020,763
       Other Current Assets 
373,792
606,748
452,865
565,344
571,939
1,230,228
1,415,194
1,439,832
1,734,707
1,405,273
716,241
1,598,731
902,612
902,6121,598,731716,2411,405,2731,734,7071,439,8321,415,1941,230,228571,939565,344452,865606,748373,792
   > Long-term Assets 
921,267
945,606
880,896
795,286
822,672
576,725
665,616
675,945
491,151
724,831
776,697
750,622
639,077
639,077750,622776,697724,831491,151675,945665,616576,725822,672795,286880,896945,606921,267
       Property Plant Equipment 
22,481
20,180
18,243
16,305
14,500
13,037
11,218
11,415
9,412
7,409
56,872
53,599
50,597
50,59753,59956,8727,4099,41211,41511,21813,03714,50016,30518,24320,18022,481
       Other Assets 
838,502
863,154
799,053
778,820
808,037
563,578
654,313
664,469
481,692
717,389
0
697,018
0
0697,0180717,389481,692664,469654,313563,578808,037778,820799,053863,154838,502
> Total Liabilities 
11,842,290
13,047,178
12,375,843
11,574,380
11,573,469
12,745,999
13,589,084
14,908,552
15,786,789
14,840,277
15,734,788
16,865,912
17,653,544
17,653,54416,865,91215,734,78814,840,27715,786,78914,908,55213,589,08412,745,99911,573,46911,574,38012,375,84313,047,17811,842,290
   > Total Current Liabilities 
9,735,958
10,941,953
10,271,861
9,471,732
9,472,077
11,145,871
11,988,956
13,307,125
14,685,673
13,239,344
14,090,385
15,224,156
16,314,452
16,314,45215,224,15614,090,38513,239,34414,685,67313,307,12511,988,95611,145,8719,472,0779,471,73210,271,86110,941,9539,735,958
       Short Long Term Debt 
792,673
1,016,924
1,284,391
1,264,978
1,067,423
1,252,508
1,076,688
1,175,108
10,904,349
9,707,401
10,313,185
10,808,465
11,353,224
11,353,22410,808,46510,313,1859,707,40110,904,3491,175,1081,076,6881,252,5081,067,4231,264,9781,284,3911,016,924792,673
       Accounts payable 
263,757
201,565
287,278
252,744
306,858
291,716
305,091
287,897
218,367
549,755
368,055
373,780
230,222
230,222373,780368,055549,755218,367287,897305,091291,716306,858252,744287,278201,565263,757
       Other Current Liabilities 
1,336,055
1,476,927
1,291,802
1,260,431
1,273,444
1,735,385
2,239,092
3,047,067
3,585,993
3,063,999
374,009
4,086,689
545,311
545,3114,086,689374,0093,063,9993,585,9933,047,0672,239,0921,735,3851,273,4441,260,4311,291,8021,476,9271,336,055
   > Long-term Liabilities 
2,106,332
2,105,225
2,103,982
2,102,648
2,101,392
1,600,128
1,600,128
1,601,427
1,101,116
1,600,933
1,644,403
1,641,756
1,339,092
1,339,0921,641,7561,644,4031,600,9331,101,1161,601,4271,600,1281,600,1282,101,3922,102,6482,103,9822,105,2252,106,332
       Long term Debt 
2,100,000
2,100,000
2,100,000
2,100,000
2,100,000
1,600,000
1,600,000
1,600,000
1,100,000
1,600,000
1,600,000
1,600,000
1,300,000
1,300,0001,600,0001,600,0001,600,0001,100,0001,600,0001,600,0001,600,0002,100,0002,100,0002,100,0002,100,0002,100,000
       Capital Lease Obligations Min Short Term Debt
11,417
10,111
8,796
7,474
6,247
5,012
3,770
4,542
3,106
1,663
53,485
51,327
48,732
48,73251,32753,4851,6633,1064,5423,7705,0126,2477,4748,79610,11111,417
       Other Liabilities 
85
213
213
128
128
128
128
128
0
0
0
0
0
0000012812812812812821321385
       Long-term Liabilities Other 
85
213
213
128
128
128
128
128
0
0
0
0
0
0000012812812812812821321385
> Total Stockholder Equity
2,418,410
2,613,969
2,860,014
2,901,405
2,885,319
2,873,122
2,948,975
2,675,798
2,652,988
3,080,990
3,116,177
2,801,225
2,880,002
2,880,0022,801,2253,116,1773,080,9902,652,9882,675,7982,948,9752,873,1222,885,3192,901,4052,860,0142,613,9692,418,410
   Common Stock
1,300,344
1,300,344
1,300,344
1,300,344
1,300,344
1,365,361
1,365,361
1,499,861
1,499,861
1,499,861
0
1,499,861
0
01,499,86101,499,8611,499,8611,499,8611,365,3611,365,3611,300,3441,300,3441,300,3441,300,3441,300,344
   Retained Earnings 
466,614
660,139
904,809
949,609
868,506
856,309
823,650
328,407
305,597
733,599
525,914
453,834
257,014
257,014453,834525,914733,599305,597328,407823,650856,309868,506949,609904,809660,139466,614
   Capital Surplus 0000000000000
   Treasury Stock0000000000000
   Other Stockholders Equity 
0
2,034
3,409
0
65,017
0
108,512
0
0
0
0
0
0
000000108,512065,01703,4092,0340



Balance Sheet

Currency in TWD. All numbers in thousands.




Cash Flow

Currency in TWD. All numbers in thousands.




Income Statement

Currency in TWD. All numbers in thousands.


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

Gross Profit (+$)
totalRevenue3,506,193
Cost of Revenue-2,509,335
Gross Profit996,858996,858
 
Operating Income (+$)
Gross Profit996,858
Operating Expense-2,841,561
Operating Income664,632-1,844,703
 
Operating Expense (+$)
Research Development-
Selling General Administrative332,226
Selling And Marketing Expenses-
Operating Expense2,841,561332,226
 
Net Interest Income (+$)
Interest Income7,072
Interest Expense-476
Other Finance Cost-0
Net Interest Income6,596
 
Pretax Income (+$)
Operating Income664,632
Net Interest Income6,596
Other Non-Operating Income Expenses-
Income Before Tax (EBT)668,710664,632
EBIT - interestExpense = -476
556,984
557,460
Interest Expense476
Earnings Before Interest and Taxes (EBIT)-669,186
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax668,710
Tax Provision-111,726
Net Income From Continuing Ops556,984556,984
Net Income556,984
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--6,596
 

Technical Analysis of Shin Ruenn Development Co Ltd
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 Shin Ruenn Development Co Ltd. The general trend of Shin Ruenn Development Co Ltd is BULLISH with 100.0% 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 Shin Ruenn Development Co Ltd'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 (100.0%) Bearish trend (-100.0%)
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 Shin Ruenn Development 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: .

The bearish price targets are: 60.80 > 60.30 > 58.90.

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Shin Ruenn Development 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 Shin Ruenn Development Co Ltd. The current mas is .

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

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

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

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

Shin Ruenn Development 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 Shin Ruenn Development Co Ltd. The current macd is 1.46902639.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal 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 Shin Ruenn Development Co Ltd price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Shin Ruenn Development Co Ltd. 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 Shin Ruenn Development Co Ltd 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 up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Shin Ruenn Development Co Ltd Daily Moving Average Convergence/Divergence (MACD) ChartShin Ruenn Development 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 Shin Ruenn Development Co Ltd. The current adx is 35.73.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-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 Shin Ruenn Development Co Ltd shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.
Shin Ruenn Development 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 Shin Ruenn Development Co Ltd. The current sar is 60.21.

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

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Shin Ruenn Development 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 Shin Ruenn Development Co Ltd. The current rsi is 78.76. The current phase is Overbought in bull market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is 0/(-13 +13).

  • Overbought in bull market: Short-term excessive buying, potential for pullback. Consider taking profits, be cautious of potential correction. -1
  • Trending up: The RSI is trending up. +1
Shin Ruenn Development Co Ltd Daily Relative Strength Index (RSI) ChartShin Ruenn Development 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 Shin Ruenn Development Co Ltd. The current phase is Overbought in bull market.

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

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +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 Shin Ruenn Development Co Ltd price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Shin Ruenn Development Co Ltd Daily Stochastic Oscillator ChartShin Ruenn Development 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 Shin Ruenn Development Co Ltd. The current cci is 121.00.

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

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
Shin Ruenn Development Co Ltd Daily Commodity Channel Index (CCI) ChartShin Ruenn Development 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 Shin Ruenn Development Co Ltd. The current cmo is 70.81.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Shin Ruenn Development Co Ltd Daily Chande Momentum Oscillator (CMO) ChartShin Ruenn Development 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 Shin Ruenn Development Co Ltd. The current willr is -6.52173913.

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

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Shin Ruenn Development Co Ltd Daily Williams %R ChartShin Ruenn Development 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 Shin Ruenn Development Co Ltd.

Shin Ruenn Development 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 Shin Ruenn Development Co Ltd. The current atr is 1.01706727.

Shin Ruenn Development Co Ltd Daily Average True Range (ATR) ChartShin Ruenn Development 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 Shin Ruenn Development Co Ltd. The current obv is 27,152,029.

Shin Ruenn Development Co Ltd Daily On-Balance Volume (OBV) ChartShin Ruenn Development 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 Shin Ruenn Development Co Ltd. The current mfi is 88.39.

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

  • MFI > 50: +1
  • MFI > 80: +1
Shin Ruenn Development Co Ltd Daily Money Flow Index (MFI) ChartShin Ruenn Development Co Ltd Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Shin Ruenn Development 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
2023-10-31BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-11-01SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-03CMO LONG ENTRY SHORT CLOSEZero line 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
2023-11-08DMI 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.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-11-09ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-13ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-15ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-16STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-17MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-20STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-21STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-22STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-27ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-28STOCH LONG EXITThe %K line crosses below the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-30STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-01ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-04STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-05STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-06STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-07SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-12-11MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-13STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-14STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-18WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-19CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-21STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-22STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-12-25MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-26SAR 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
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-12-28STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-29CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-04MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-01-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-08STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-09STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-11STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-12MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-17SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-18CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-23STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-24CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-30STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-01STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-02CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-05STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-15WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-16CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-19BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-02-20STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-21CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-22DMI 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.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-23ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-26STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-29RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-03-01SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-03-07STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-11STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-12MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-14DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-18STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-19STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-21ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-26MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-27ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-28STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

Shin Ruenn Development Co Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Shin Ruenn Development Co Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5078.765
Ma 20Greater thanMa 5059.115
Ma 50Greater thanMa 10058.700
Ma 100Greater thanMa 20057.397
OpenGreater thanClose63.500
Total4/5 (80.0%)
Penke

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