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Taiwan Hopax Chemsistry MFG Co Ltd
Buy, Hold or Sell?

Let's analyse Hopax together

PenkeI guess you are interested in Taiwan Hopax Chemsistry MFG 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 Taiwan Hopax Chemsistry MFG 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 Hopax (30 sec.)










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

How much money do you get?

How much money do you get?
NT$0.00
When do you have the money?
1 year
How often do you get paid?
69.2%

What is your share worth?

Current worth
NT$21.28
Expected worth in 1 year
NT$22.67
How sure are you?
92.3%

+ What do you gain per year?

Total Gains per Share
NT$1.40
Return On Investment
3.7%

For what price can you sell your share?

Current Price per Share
NT$38.20
Expected price per share
NT$37.20 - NT$42.71
How sure are you?
50%

1. Valuation of Hopax (5 min.)




Live pricePrice per Share (EOD)

NT$38.20

Intrinsic Value Per Share

NT$27.72 - NT$32.49

Total Value Per Share

NT$49.00 - NT$53.77

2. Growth of Hopax (5 min.)




Is Hopax growing?

Current yearPrevious yearGrowGrow %
How rich?$115.5m$101.3m$10.2m9.2%

How much money is Hopax making?

Current yearPrevious yearGrowGrow %
Making money$3.7m$4.3m-$526.3k-13.9%
Net Profit Margin10.3%10.0%--

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

3. Financial Health of Hopax (5 min.)




4. Comparing to competitors in the Specialty Chemicals industry (5 min.)




  Industry Rankings (Specialty Chemicals)  


Richest
#346 / 565

Most Revenue
#394 / 565

Most Profit
#264 / 565

Most Efficient
#119 / 565

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

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

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

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

Speculation

The Price per Share of Hopax is NT$38.20. 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 Hopax.
  • 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 Hopax, 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$21.28. Based on the TTM, the Book Value Change Per Share is NT$0.35 per quarter. Based on the YOY, the Book Value Change Per Share is NT$0.62 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$0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Hopax.

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 Eps0.020.1%0.020.1%0.020.1%0.020.1%0.020.1%
Usd Book Value Change Per Share0.030.1%0.010.0%0.020.1%0.050.1%0.050.1%
Usd Dividend Per Share0.000.0%0.000.0%0.040.1%0.020.1%0.020.1%
Usd Total Gains Per Share0.030.1%0.010.0%0.060.2%0.070.2%0.070.2%
Usd Price Per Share1.17-1.31-1.60-1.32-1.32-
Price to Earnings Ratio15.35-15.09-18.82-17.20-17.20-
Price-to-Total Gains Ratio38.37-53.38-30.36-35.21-35.21-
Price to Book Ratio1.76-2.04-2.76-2.29-2.29-
Price-to-Total Gains Ratio38.37-53.38-30.36-35.21-35.21-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share1.19566
Number of shares836
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.02
Usd Book Value Change Per Share0.010.05
Usd Total Gains Per Share0.010.07
Gains per Quarter (836 shares)9.1362.36
Gains per Year (836 shares)36.51249.46
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10372778171239
207364156343488
30110101234514737
40146138313685986
501831753918571235
6021921246910281484
7025624954711991733
8029228662513711982
9032932370315422231
10036536078117132480

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%13.00.00.0100.0%13.00.00.0100.0%13.00.00.0100.0%
Book Value Change Per Share3.01.00.075.0%9.03.00.075.0%10.03.00.076.9%10.03.00.076.9%10.03.00.076.9%
Dividend per Share0.00.04.00.0%8.00.04.066.7%9.00.04.069.2%9.00.04.069.2%9.00.04.069.2%
Total Gains per Share3.01.00.075.0%11.01.00.091.7%12.01.00.092.3%12.01.00.092.3%12.01.00.092.3%

Fundamentals of Hopax

About Taiwan Hopax Chemsistry MFG Co Ltd

Taiwan Hopax Chemicals Manufacturing Co., Ltd. manufactures, processes, and sells chemical raw materials for pharmaceutical, industrial, paper making, and office stationery industries. It offers wet end, coating, non-carbon carbon paper, and dispersant chemicals, as well as other papermaking chemicals; chemicals for boiler and cooling water; supply water and water waste treating compounds; microbial fertilizers; and biological buffers, zwitterionic detergents/bio-detergents, additives for electroplating and lithium-ion batteries, electrolytes for lithium-ion batteries, and sulfonate chain modifiers. The company also engages in research and development, production, and sale of medical supplies and biotechnology products. In addition, it is involved in the sale office stationery products; and investment activities. Further, the company provides a range of products under the Stick'n name. Taiwan Hopax Chemicals Manufacturing Co., Ltd. was incorporated in 1975 and is headquartered in Kaohsiung, Taiwan.

Fundamental data was last updated by Penke on 2024-03-08 11:31:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge 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 cheap.

1.1. Profitability of Taiwan Hopax Chemsistry MFG Co Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Hopax earns for each NT$1 of revenue.

  • Above 10% is considered healthy but always compare Hopax to the Specialty Chemicals industry mean.
  • A Net Profit Margin of 9.2% means that NT$0.09 for each NT$1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Taiwan Hopax Chemsistry MFG Co Ltd:

  • The MRQ is 9.2%. The company is making a profit. +1
  • The TTM is 10.3%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ9.2%TTM10.3%-1.1%
TTM10.3%YOY10.0%+0.3%
TTM10.3%5Y9.6%+0.7%
5Y9.6%10Y9.6%0.0%
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ9.2%4.2%+5.0%
TTM10.3%4.2%+6.1%
YOY10.0%6.4%+3.6%
5Y9.6%6.0%+3.6%
10Y9.6%6.0%+3.6%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Hopax to the Specialty Chemicals industry mean.
  • 1.7% Return on Assets means that Hopax generated NT$0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Taiwan Hopax Chemsistry MFG Co Ltd:

  • The MRQ is 1.7%. Using its assets, the company is less efficient in making profit.
  • The TTM is 1.9%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ1.7%TTM1.9%-0.2%
TTM1.9%YOY2.1%-0.2%
TTM1.9%5Y1.8%+0.1%
5Y1.8%10Y1.8%0.0%
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ1.7%1.1%+0.6%
TTM1.9%1.1%+0.8%
YOY2.1%1.7%+0.4%
5Y1.8%1.6%+0.2%
10Y1.8%1.7%+0.1%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Hopax to the Specialty Chemicals industry mean.
  • 2.9% Return on Equity means Hopax generated NT$0.03 for each NT$1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Taiwan Hopax Chemsistry MFG Co Ltd:

  • The MRQ is 2.9%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 3.4%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ2.9%TTM3.4%-0.5%
TTM3.4%YOY4.2%-0.8%
TTM3.4%5Y3.6%-0.2%
5Y3.6%10Y3.6%0.0%
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ2.9%2.2%+0.7%
TTM3.4%2.0%+1.4%
YOY4.2%3.2%+1.0%
5Y3.6%2.7%+0.9%
10Y3.6%2.8%+0.8%

1.2. Operating Efficiency of Taiwan Hopax Chemsistry MFG Co Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Hopax is operating .

  • Measures how much profit Hopax 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 Hopax to the Specialty Chemicals 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 Taiwan Hopax Chemsistry MFG Co Ltd:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM7.7%-7.7%
TTM7.7%YOY12.1%-4.4%
TTM7.7%5Y10.5%-2.9%
5Y10.5%10Y10.5%0.0%
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ-7.5%-7.5%
TTM7.7%4.8%+2.9%
YOY12.1%8.2%+3.9%
5Y10.5%8.1%+2.4%
10Y10.5%7.3%+3.2%
1.2.2. Operating Ratio

Measures how efficient Hopax is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Specialty Chemicals industry mean).
  • An Operation Ratio of 1.60 means that the operating costs are NT$1.60 for each NT$1 in net sales.

Let's take a look of the Operating Ratio trends of Taiwan Hopax Chemsistry MFG Co Ltd:

  • The MRQ is 1.604. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.588. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.604TTM1.588+0.017
TTM1.588YOY1.611-0.023
TTM1.5885Y1.599-0.011
5Y1.59910Y1.5990.000
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6041.529+0.075
TTM1.5881.530+0.058
YOY1.6111.459+0.152
5Y1.5991.462+0.137
10Y1.5991.229+0.370

1.3. Liquidity of Taiwan Hopax Chemsistry MFG Co Ltd.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Specialty Chemicals industry mean).
  • A Current Ratio of 1.51 means the company has NT$1.51 in assets for each NT$1 in short-term debts.

Let's take a look of the Current Ratio trends of Taiwan Hopax Chemsistry MFG Co Ltd:

  • The MRQ is 1.506. The company is able to pay all its short-term debts. +1
  • The TTM is 1.617. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.506TTM1.617-0.110
TTM1.617YOY1.644-0.027
TTM1.6175Y1.497+0.120
5Y1.49710Y1.4970.000
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5061.831-0.325
TTM1.6171.875-0.258
YOY1.6441.896-0.252
5Y1.4971.926-0.429
10Y1.4971.762-0.265
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Hopax to the Specialty Chemicals industry mean.
  • A Quick Ratio of 0.48 means the company can pay off NT$0.48 for each NT$1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Taiwan Hopax Chemsistry MFG Co Ltd:

  • The MRQ is 0.484. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.572. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.484TTM0.572-0.088
TTM0.572YOY0.770-0.199
TTM0.5725Y0.635-0.064
5Y0.63510Y0.6350.000
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4840.846-0.362
TTM0.5720.884-0.312
YOY0.7700.966-0.196
5Y0.6351.049-0.414
10Y0.6351.030-0.395

1.4. Solvency of Taiwan Hopax Chemsistry MFG Co Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Hopax to Specialty Chemicals industry mean.
  • A Debt to Asset Ratio of 0.41 means that Hopax assets are financed with 40.6% credit (debt) and the remaining percentage (100% - 40.6%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Taiwan Hopax Chemsistry MFG Co Ltd:

  • The MRQ is 0.406. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.442. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.406TTM0.442-0.036
TTM0.442YOY0.512-0.070
TTM0.4425Y0.487-0.046
5Y0.48710Y0.4870.000
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4060.431-0.025
TTM0.4420.427+0.015
YOY0.5120.426+0.086
5Y0.4870.433+0.054
10Y0.4870.439+0.048
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Hopax to the Specialty Chemicals industry mean.
  • A Debt to Equity ratio of 68.2% means that company has NT$0.68 debt for each NT$1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Taiwan Hopax Chemsistry MFG Co Ltd:

  • The MRQ is 0.682. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.795. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.682TTM0.795-0.112
TTM0.795YOY1.050-0.256
TTM0.7955Y0.959-0.164
5Y0.95910Y0.9590.000
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6820.767-0.085
TTM0.7950.752+0.043
YOY1.0500.747+0.303
5Y0.9590.797+0.162
10Y0.9590.845+0.114

2. Market Valuation of Taiwan Hopax Chemsistry MFG 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 Hopax generates.

  • Above 15 is considered overpriced but always compare Hopax to the Specialty Chemicals industry mean.
  • A PE ratio of 15.35 means the investor is paying NT$15.35 for every NT$1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Taiwan Hopax Chemsistry MFG Co Ltd:

  • The EOD is 15.638. Based on the earnings, the company is fair priced.
  • The MRQ is 15.351. Based on the earnings, the company is fair priced.
  • The TTM is 15.094. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD15.638MRQ15.351+0.287
MRQ15.351TTM15.094+0.257
TTM15.094YOY18.821-3.726
TTM15.0945Y17.203-2.109
5Y17.20310Y17.2030.000
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
EOD15.63815.013+0.625
MRQ15.35113.988+1.363
TTM15.09415.705-0.611
YOY18.82117.841+0.980
5Y17.20319.498-2.295
10Y17.20323.950-6.747
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Taiwan Hopax Chemsistry MFG Co Ltd:

  • The EOD is 10.660. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 10.464. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 9.790. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD10.660MRQ10.464+0.195
MRQ10.464TTM9.790+0.675
TTM9.790YOY38.866-29.076
TTM9.7905Y40.822-31.033
5Y40.82210Y40.8220.000
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
EOD10.6605.077+5.583
MRQ10.4644.568+5.896
TTM9.7902.302+7.488
YOY38.866-0.150+39.016
5Y40.8223.140+37.682
10Y40.8222.653+38.169
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Specialty Chemicals industry mean).
  • A PB ratio of 1.76 means the investor is paying NT$1.76 for each NT$1 in book value.

Let's take a look of the Price to Book Ratio trends of Taiwan Hopax Chemsistry MFG Co Ltd:

  • The EOD is 1.795. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.762. Based on the equity, the company is underpriced. +1
  • The TTM is 2.044. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.795MRQ1.762+0.033
MRQ1.762TTM2.044-0.281
TTM2.044YOY2.763-0.720
TTM2.0445Y2.292-0.248
5Y2.29210Y2.2920.000
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
EOD1.7951.713+0.082
MRQ1.7621.781-0.019
TTM2.0441.854+0.190
YOY2.7632.306+0.457
5Y2.2922.351-0.059
10Y2.2922.842-0.550
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Taiwan Hopax Chemsistry MFG 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--0.9770.349+180%0.624+57%1.637-40%1.637-40%
Book Value Per Share--21.27920.554+4%18.666+14%18.461+15%18.461+15%
Current Ratio--1.5061.617-7%1.644-8%1.497+1%1.497+1%
Debt To Asset Ratio--0.4060.442-8%0.512-21%0.487-17%0.487-17%
Debt To Equity Ratio--0.6820.795-14%1.050-35%0.959-29%0.959-29%
Dividend Per Share----0%1.250-100%0.746-100%0.746-100%
Eps--0.6110.700-13%0.797-23%0.668-9%0.668-9%
Free Cash Flow Per Share--0.8961.172-24%0.176+408%0.530+69%0.530+69%
Free Cash Flow To Equity Per Share--0.8960.602+49%0.182+393%0.222+303%0.222+303%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--32.488--------
Intrinsic Value_10Y_min--27.724--------
Intrinsic Value_1Y_max--2.258--------
Intrinsic Value_1Y_min--2.217--------
Intrinsic Value_3Y_max--7.544--------
Intrinsic Value_3Y_min--7.187--------
Intrinsic Value_5Y_max--13.747--------
Intrinsic Value_5Y_min--12.695--------
Market Cap6627318000.000+2%6505875000.0007273568250.000-11%8867507625.000-27%7329952500.000-11%7329952500.000-11%
Net Profit Margin--0.0920.103-10%0.100-8%0.096-4%0.096-4%
Operating Margin---0.077-100%0.121-100%0.105-100%0.105-100%
Operating Ratio--1.6041.588+1%1.6110%1.599+0%1.599+0%
Pb Ratio1.795+2%1.7622.044-14%2.763-36%2.292-23%2.292-23%
Pe Ratio15.638+2%15.35115.094+2%18.821-18%17.203-11%17.203-11%
Price Per Share38.200+2%37.50041.925-11%51.113-27%42.250-11%42.250-11%
Price To Free Cash Flow Ratio10.660+2%10.4649.790+7%38.866-73%40.822-74%40.822-74%
Price To Total Gains Ratio39.091+2%38.37553.378-28%30.364+26%35.205+9%35.205+9%
Quick Ratio--0.4840.572-15%0.770-37%0.635-24%0.635-24%
Return On Assets--0.0170.019-10%0.021-17%0.018-7%0.018-7%
Return On Equity--0.0290.034-16%0.042-32%0.036-20%0.036-20%
Total Gains Per Share--0.9770.349+180%1.874-48%2.383-59%2.383-59%
Usd Book Value--115550554.300111612450.900+4%101360996.650+14%100249823.777+15%100249823.777+15%
Usd Book Value Change Per Share--0.0310.011+180%0.020+57%0.051-40%0.051-40%
Usd Book Value Per Share--0.6660.643+4%0.584+14%0.578+15%0.578+15%
Usd Dividend Per Share----0%0.039-100%0.023-100%0.023-100%
Usd Eps--0.0190.022-13%0.025-23%0.021-9%0.021-9%
Usd Free Cash Flow--4864896.4006364056.850-24%958132.125+408%2879482.023+69%2879482.023+69%
Usd Free Cash Flow Per Share--0.0280.037-24%0.006+408%0.017+69%0.017+69%
Usd Free Cash Flow To Equity Per Share--0.0280.019+49%0.006+393%0.007+303%0.007+303%
Usd Market Cap207435053.400+2%203633887.500227662686.225-11%277552988.663-27%229427513.250-11%229427513.250-11%
Usd Price Per Share1.196+2%1.1741.312-11%1.600-27%1.322-11%1.322-11%
Usd Profit--3316266.3003799827.825-13%4326176.450-23%3627732.600-9%3627732.600-9%
Usd Revenue--35970492.10036862393.425-2%42633354.400-16%37271433.262-3%37271433.262-3%
Usd Total Gains Per Share--0.0310.011+180%0.059-48%0.075-59%0.075-59%
 EOD+4 -4MRQTTM+13 -20YOY+18 -175Y+16 -1910Y+16 -19

3.2. Fundamental Score

Let's check the fundamental score of Taiwan Hopax Chemsistry MFG Co Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1515.638
Price to Book Ratio (EOD)Between0-11.795
Net Profit Margin (MRQ)Greater than00.092
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.484
Current Ratio (MRQ)Greater than11.506
Debt to Asset Ratio (MRQ)Less than10.406
Debt to Equity Ratio (MRQ)Less than10.682
Return on Equity (MRQ)Greater than0.150.029
Return on Assets (MRQ)Greater than0.050.017
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of Taiwan Hopax Chemsistry MFG Co Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5042.027
Ma 20Greater thanMa 5038.758
Ma 50Greater thanMa 10038.708
Ma 100Greater thanMa 20038.508
OpenGreater thanClose38.600
Total3/5 (60.0%)



Latest Balance Sheet

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

Summary
Total Assets6,210,808
Total Liabilities2,519,097
Total Stockholder Equity3,691,711
 As reported
Total Liabilities 2,519,097
Total Stockholder Equity+ 3,691,711
Total Assets = 6,210,808

Assets

Total Assets6,210,808
Total Current Assets3,121,181
Long-term Assets3,089,627
Total Current Assets
Cash And Cash Equivalents 606,838
Short-term Investments 55,803
Net Receivables 946,031
Inventory 1,218,501
Other Current Assets 23,104
Total Current Assets  (as reported)3,121,181
Total Current Assets  (calculated)2,850,277
+/- 270,904
Long-term Assets
Property Plant Equipment 2,837,254
Long-term Assets Other 22,210
Long-term Assets  (as reported)3,089,627
Long-term Assets  (calculated)2,859,464
+/- 230,163

Liabilities & Shareholders' Equity

Total Current Liabilities2,071,921
Long-term Liabilities447,176
Total Stockholder Equity3,691,711
Total Current Liabilities
Short Long Term Debt 1,444,840
Accounts payable 209,713
Other Current Liabilities 12,447
Total Current Liabilities  (as reported)2,071,921
Total Current Liabilities  (calculated)1,667,000
+/- 404,921
Long-term Liabilities
Long term Debt 250,000
Capital Lease Obligations Min Short Term Debt14,973
Long-term Liabilities Other 861
Long-term Liabilities  (as reported)447,176
Long-term Liabilities  (calculated)265,834
+/- 181,342
Total Stockholder Equity
Retained Earnings 896,912
Total Stockholder Equity (as reported)3,691,711
Total Stockholder Equity (calculated)896,912
+/- 2,794,799
Other
Capital Stock1,734,903
Common Stock Shares Outstanding 173,490
Net Debt 1,088,002
Net Invested Capital 5,386,551
Net Working Capital 1,049,260
Property Plant and Equipment Gross 2,837,254



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 
5,573,101
5,762,215
5,867,461
5,828,061
6,040,761
6,254,712
6,605,777
6,796,259
6,887,808
6,676,783
6,551,289
6,140,717
6,210,808
6,210,8086,140,7176,551,2896,676,7836,887,8086,796,2596,605,7776,254,7126,040,7615,828,0615,867,4615,762,2155,573,101
   > Total Current Assets 
2,563,978
2,680,462
2,800,655
2,789,410
3,037,888
3,212,912
3,504,419
3,706,622
3,794,567
3,565,408
3,438,907
3,063,098
3,121,181
3,121,1813,063,0983,438,9073,565,4083,794,5673,706,6223,504,4193,212,9123,037,8882,789,4102,800,6552,680,4622,563,978
       Cash And Cash Equivalents 
490,736
485,155
468,980
333,127
430,405
376,207
383,401
387,587
602,372
548,323
607,099
595,657
606,838
606,838595,657607,099548,323602,372387,587383,401376,207430,405333,127468,980485,155490,736
       Short-term Investments 
27,959
72,399
71,911
76,083
114,882
145,223
105,799
152,383
100,878
89,481
65,409
42,561
55,803
55,80342,56165,40989,481100,878152,383105,799145,223114,88276,08371,91172,39927,959
       Net Receivables 
1,074,182
1,046,141
1,207,810
1,273,894
1,279,249
1,344,198
1,619,498
1,654,804
1,557,861
1,337,239
1,255,277
892,833
946,031
946,031892,8331,255,2771,337,2391,557,8611,654,8041,619,4981,344,1981,279,2491,273,8941,207,8101,046,1411,074,182
       Inventory 
906,529
998,451
964,798
1,020,448
1,123,607
1,263,905
1,302,450
1,368,259
1,437,121
1,502,236
1,438,565
1,245,178
1,218,501
1,218,5011,245,1781,438,5651,502,2361,437,1211,368,2591,302,4501,263,9051,123,6071,020,448964,798998,451906,529
       Other Current Assets 
33,069
86,369
103,920
110,421
139,615
174,039
133,949
196,003
142,450
114,140
87,673
18,395
23,104
23,10418,39587,673114,140142,450196,003133,949174,039139,615110,421103,92086,36933,069
   > Long-term Assets 
3,009,123
3,081,753
3,066,806
3,038,651
3,002,873
3,041,800
3,101,358
3,089,637
3,093,241
3,111,375
3,112,382
3,077,619
3,089,627
3,089,6273,077,6193,112,3823,111,3753,093,2413,089,6373,101,3583,041,8003,002,8733,038,6513,066,8063,081,7533,009,123
       Property Plant Equipment 
2,683,621
2,707,921
2,718,745
2,702,986
2,692,270
2,689,663
2,718,946
2,753,843
2,849,602
2,853,560
2,853,657
2,818,999
2,837,254
2,837,2542,818,9992,853,6572,853,5602,849,6022,753,8432,718,9462,689,6632,692,2702,702,9862,718,7452,707,9212,683,621
       Other Assets 
285,932
297,779
271,809
259,880
255,790
283,337
311,362
274,281
232,635
222,926
224,165
0
0
00224,165222,926232,635274,281311,362283,337255,790259,880271,809297,779285,932
> Total Liabilities 
2,800,482
2,882,299
3,044,796
2,899,394
3,024,375
3,111,797
3,479,783
3,561,336
3,438,158
3,113,711
3,064,676
2,618,541
2,519,097
2,519,0972,618,5413,064,6763,113,7113,438,1583,561,3363,479,7833,111,7973,024,3752,899,3943,044,7962,882,2992,800,482
   > Total Current Liabilities 
2,090,832
2,183,235
2,397,310
2,061,486
2,105,113
1,903,671
2,306,283
2,392,346
2,084,486
2,139,575
2,083,988
1,862,484
2,071,921
2,071,9211,862,4842,083,9882,139,5752,084,4862,392,3462,306,2831,903,6712,105,1132,061,4862,397,3102,183,2352,090,832
       Short Long Term Debt 
1,252,131
1,188,022
1,229,626
968,700
1,217,144
888,312
1,096,175
1,217,146
1,241,509
1,272,498
1,130,310
1,054,307
1,444,840
1,444,8401,054,3071,130,3101,272,4981,241,5091,217,1461,096,175888,3121,217,144968,7001,229,6261,188,0221,252,131
       Accounts payable 
372,581
430,476
471,301
488,542
505,118
574,363
694,252
749,064
639,526
585,489
503,483
198,290
209,713
209,713198,290503,483585,489639,526749,064694,252574,363505,118488,542471,301430,476372,581
       Other Current Liabilities 
224,079
270,537
470,667
437,127
248,010
309,132
536,031
488,883
313,788
346,562
537,397
12,706
12,447
12,44712,706537,397346,562313,788488,883536,031309,132248,010437,127470,667270,537224,079
   > Long-term Liabilities 
709,650
699,064
647,486
837,908
919,262
1,208,126
1,173,500
1,168,990
1,353,672
974,136
980,688
756,057
447,176
447,176756,057980,688974,1361,353,6721,168,9901,173,5001,208,126919,262837,908647,486699,064709,650
       Long term Debt 
495,660
481,096
433,140
639,804
719,897
999,346
978,075
972,095
1,149,664
789,707
798,841
561,667
250,000
250,000561,667798,841789,7071,149,664972,095978,075999,346719,897639,804433,140481,096495,660
       Capital Lease Obligations Min Short Term Debt
6,371
7,549
9,051
8,136
7,219
6,298
5,795
5,291
4,786
4,280
4,456
14,587
14,973
14,97314,5874,4564,2804,7865,2915,7956,2987,2198,1369,0517,5496,371
       Other Liabilities 
210,532
213,610
208,550
192,812
194,579
204,502
191,655
193,635
201,122
181,959
179,252
0
0
00179,252181,959201,122193,635191,655204,502194,579192,812208,550213,610210,532
       Long-term Liabilities Other 
1,053
1,067
1,063
1,058
1,100
1,106
1,226
1,423
1,296
1,286
1,289
1,065
861
8611,0651,2891,2861,2961,4231,2261,1061,1001,0581,0631,0671,053
> Total Stockholder Equity
2,772,619
2,879,916
2,822,665
2,928,667
3,016,386
3,142,915
3,125,994
3,234,923
3,449,650
3,563,072
3,486,613
3,522,176
3,691,711
3,691,7113,522,1763,486,6133,563,0723,449,6503,234,9233,125,9943,142,9153,016,3862,928,6672,822,6652,879,9162,772,619
   Common Stock
1,732,041
1,732,041
1,732,041
1,732,041
1,732,041
1,732,041
1,734,903
1,734,903
1,734,903
1,734,903
1,734,903
0
0
001,734,9031,734,9031,734,9031,734,9031,734,9031,732,0411,732,0411,732,0411,732,0411,732,0411,732,041
   Retained Earnings 
810,907
867,775
828,382
949,281
1,047,798
1,124,054
1,031,145
1,177,531
1,372,743
1,516,393
1,414,124
790,141
896,912
896,912790,1411,414,1241,516,3931,372,7431,177,5311,031,1451,124,0541,047,798949,281828,382867,775810,907
   Accumulated Other Comprehensive Income 0000000000000
   Capital Surplus 0000000000000
   Treasury Stock0000000000000



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 (+$)
totalRevenue4,710,849
Cost of Revenue-3,367,909
Gross Profit1,342,9401,342,940
 
Operating Income (+$)
Gross Profit1,342,940
Operating Expense-4,104,161
Operating Income606,688-2,761,221
 
Operating Expense (+$)
Research Development162,743
Selling General Administrative573,509
Selling And Marketing Expenses-
Operating Expense4,104,161736,252
 
Net Interest Income (+$)
Interest Income5,894
Interest Expense-34,094
Other Finance Cost-0
Net Interest Income-28,200
 
Pretax Income (+$)
Operating Income606,688
Net Interest Income-28,200
Other Non-Operating Income Expenses-
Income Before Tax (EBT)590,523606,688
EBIT - interestExpense = -34,094
485,601
519,695
Interest Expense34,094
Earnings Before Interest and Taxes (EBIT)-624,617
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax590,523
Tax Provision-104,922
Net Income From Continuing Ops485,601485,601
Net Income485,601
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-28,200
 

Technical Analysis of Hopax
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 Hopax. The general trend of Hopax is BEARISH with 28.6% 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 Hopax'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 (-28.6%) Bearish trend (28.6%)
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 Taiwan Hopax Chemsistry MFG Co Ltd.

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

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 41.30 < 41.41 < 42.71.

The bearish price targets are: 38.10 > 38.05 > 37.20.

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Taiwan Hopax Chemsistry MFG 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 Taiwan Hopax Chemsistry MFG Co Ltd. The current mas is .

The long score for the Moving Averages is 5/14.
The longshort score for the Moving Averages is -4/(-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 higher than the MA 100. +1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending up: The MA 100 is trending up. +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

Taiwan Hopax Chemsistry MFG 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 Taiwan Hopax Chemsistry MFG Co Ltd. The current macd is -0.16782421.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Hopax price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Hopax. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Hopax price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Taiwan Hopax Chemsistry MFG Co Ltd Daily Moving Average Convergence/Divergence (MACD) ChartTaiwan Hopax Chemsistry MFG 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 Taiwan Hopax Chemsistry MFG Co Ltd. The current adx is 16.03.

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

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Hopax shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bearish trend could be forming. -1
Taiwan Hopax Chemsistry MFG 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 Taiwan Hopax Chemsistry MFG Co Ltd. The current sar is 39.53.

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
Taiwan Hopax Chemsistry MFG 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 Taiwan Hopax Chemsistry MFG Co Ltd. The current rsi is 42.03. 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
Taiwan Hopax Chemsistry MFG Co Ltd Daily Relative Strength Index (RSI) ChartTaiwan Hopax Chemsistry MFG 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 Taiwan Hopax Chemsistry MFG 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 Hopax price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Taiwan Hopax Chemsistry MFG Co Ltd Daily Stochastic Oscillator ChartTaiwan Hopax Chemsistry MFG 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 Taiwan Hopax Chemsistry MFG Co Ltd. The current cci is -78.17672524.

Taiwan Hopax Chemsistry MFG Co Ltd Daily Commodity Channel Index (CCI) ChartTaiwan Hopax Chemsistry MFG 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 Taiwan Hopax Chemsistry MFG Co Ltd. The current cmo is -25.49218725.

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
Taiwan Hopax Chemsistry MFG Co Ltd Daily Chande Momentum Oscillator (CMO) ChartTaiwan Hopax Chemsistry MFG 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 Taiwan Hopax Chemsistry MFG Co Ltd. The current willr is -88.

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
Taiwan Hopax Chemsistry MFG Co Ltd Daily Williams %R ChartTaiwan Hopax Chemsistry MFG 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 Taiwan Hopax Chemsistry MFG Co Ltd.

Taiwan Hopax Chemsistry MFG 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 Taiwan Hopax Chemsistry MFG Co Ltd. The current atr is 0.5757925.

Taiwan Hopax Chemsistry MFG Co Ltd Daily Average True Range (ATR) ChartTaiwan Hopax Chemsistry MFG 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 Taiwan Hopax Chemsistry MFG Co Ltd. The current obv is 97,627,838.

Taiwan Hopax Chemsistry MFG Co Ltd Daily On-Balance Volume (OBV) ChartTaiwan Hopax Chemsistry MFG 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 Taiwan Hopax Chemsistry MFG Co Ltd. The current mfi is 34.86.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Taiwan Hopax Chemsistry MFG Co Ltd Daily Money Flow Index (MFI) ChartTaiwan Hopax Chemsistry MFG Co Ltd Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

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

6.3. Candlestick Patterns

Taiwan Hopax Chemsistry MFG Co Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Taiwan Hopax Chemsistry MFG Co Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5042.027
Ma 20Greater thanMa 5038.758
Ma 50Greater thanMa 10038.708
Ma 100Greater thanMa 20038.508
OpenGreater thanClose38.600
Total3/5 (60.0%)
Penke

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