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Raytron Technology Co Ltd
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Let's analyse Raytron Technology Co Ltd together

PenkeI guess you are interested in Raytron Technology 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 Raytron Technology 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 Raytron Technology Co Ltd (30 sec.)










What can you expect buying and holding a share of Raytron Technology Co Ltd? (30 sec.)

How much money do you get?

How much money do you get?
¥0.05
When do you have the money?
1 year
How often do you get paid?
83.3%

What is your share worth?

Current worth
¥11.32
Expected worth in 1 year
¥13.47
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
¥2.52
Return On Investment
6.3%

For what price can you sell your share?

Current Price per Share
¥39.90
Expected price per share
¥30.08 - ¥49.35
How sure are you?
50%

1. Valuation of Raytron Technology Co Ltd (5 min.)




Live pricePrice per Share (EOD)

¥39.90

Intrinsic Value Per Share

¥12.85 - ¥15.82

Total Value Per Share

¥24.18 - ¥27.14

2. Growth of Raytron Technology Co Ltd (5 min.)




Is Raytron Technology Co Ltd growing?

Current yearPrevious yearGrowGrow %
How rich?$700.9m$543.6m$115.8m17.6%

How much money is Raytron Technology Co Ltd making?

Current yearPrevious yearGrowGrow %
Making money$17.9m$8.7m$9.2m51.4%
Net Profit Margin14.2%10.9%--

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

3. Financial Health of Raytron Technology Co Ltd (5 min.)




4. Comparing to competitors in the Electronic Components industry (5 min.)




  Industry Rankings (Electronic Components)  


Richest
#109 / 524

Most Revenue
#171 / 524

Most Profit
#94 / 524

What can you expect buying and holding a share of Raytron Technology Co Ltd? (5 min.)

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

What can you expect buying and holding a share of Raytron Technology Co Ltd?

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

Speculation

The Price per Share of Raytron Technology Co Ltd is ¥39.90. 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 Raytron Technology 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 Raytron Technology 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 ¥11.32. Based on the TTM, the Book Value Change Per Share is ¥0.54 per quarter. Based on the YOY, the Book Value Change Per Share is ¥0.36 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is ¥0.09 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Raytron Technology Co Ltd.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 ¥% of Price per Share¥% of Price per Share¥% of Price per Share¥% of Price per Share¥% of Price per Share
Usd Eps0.040.1%0.050.1%0.020.0%0.030.1%0.030.1%
Usd Book Value Change Per Share0.050.1%0.070.2%0.050.1%0.090.2%0.090.2%
Usd Dividend Per Share0.000.0%0.010.0%0.000.0%0.010.0%0.010.0%
Usd Total Gains Per Share0.050.1%0.090.2%0.050.1%0.090.2%0.090.2%
Usd Price Per Share6.60-6.18-6.97-7.83-7.83-
Price to Earnings Ratio41.25-33.14-117.79-69.02-69.02-
Price-to-Total Gains Ratio124.94-82.78-269.00-187.01-187.01-
Price to Book Ratio4.21-4.18-5.79-7.71-7.71-
Price-to-Total Gains Ratio124.94-82.78-269.00-187.01-187.01-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share5.52216
Number of shares181
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.010.01
Usd Book Value Change Per Share0.070.09
Usd Total Gains Per Share0.090.09
Gains per Quarter (181 shares)15.7616.79
Gains per Year (181 shares)63.0667.17
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
19545346357
2191081168126124
32816117912189191
43721524217252258
54626930521315325
65632336825378392
76537643129441459
87443049433504526
98448455737567593
109353862041630660

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%18.00.00.0100.0%18.00.00.0100.0%18.00.00.0100.0%
Book Value Change Per Share4.00.00.0100.0%12.00.00.0100.0%18.00.00.0100.0%18.00.00.0100.0%18.00.00.0100.0%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%15.00.03.083.3%15.00.03.083.3%15.00.03.083.3%
Total Gains per Share4.00.00.0100.0%12.00.00.0100.0%18.00.00.0100.0%18.00.00.0100.0%18.00.00.0100.0%

Fundamentals of Raytron Technology Co Ltd

About Raytron Technology Co Ltd

Raytron Technology Co.,Ltd. engages in the research and development, design, manufacturing, and sales of uncooled infrared imagining and MEMS sensor technology in China. The company provides driving assistant, infrared imaging, and vacuum packaging products; MEMS design services for sensors; and ASIC, analog, and Hybrid IP design services. Its products are used in various fields, which includes night vision, thermal temperature measurement, intelligent surveillance, UAV load, automatic driving, IoT, AI, and machine vision applications. The company also exports its products to Europe and North America. The company was founded in 2009 and is based in Yantai, China.

Fundamental data was last updated by Penke on 2024-03-28 03:30:06.

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 fair priced.
Based on the earnings, the company is overpriced.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Raytron Technology Co Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Raytron Technology Co Ltd earns for each ¥1 of revenue.

  • Above 10% is considered healthy but always compare Raytron Technology Co Ltd to the Electronic Components industry mean.
  • A Net Profit Margin of 14.7% means that ¥0.15 for each ¥1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Raytron Technology Co Ltd:

  • The MRQ is 14.7%. The company is making a huge profit. +2
  • The TTM is 14.2%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ14.7%TTM14.2%+0.5%
TTM14.2%YOY10.9%+3.3%
TTM14.2%5Y24.5%-10.3%
5Y24.5%10Y24.5%0.0%
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ14.7%3.8%+10.9%
TTM14.2%4.1%+10.1%
YOY10.9%5.5%+5.4%
5Y24.5%4.4%+20.1%
10Y24.5%4.7%+19.8%
1.1.2. Return on Assets

Shows how efficient Raytron Technology Co Ltd is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Raytron Technology Co Ltd to the Electronic Components industry mean.
  • 1.5% Return on Assets means that Raytron Technology Co Ltd generated ¥0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Raytron Technology Co Ltd:

  • The MRQ is 1.5%. Using its assets, the company is less efficient in making profit.
  • The TTM is 1.7%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ1.5%TTM1.7%-0.2%
TTM1.7%YOY1.2%+0.5%
TTM1.7%5Y2.7%-1.1%
5Y2.7%10Y2.7%0.0%
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5%0.9%+0.6%
TTM1.7%0.9%+0.8%
YOY1.2%1.3%-0.1%
5Y2.7%1.1%+1.6%
10Y2.7%1.1%+1.6%
1.1.3. Return on Equity

Shows how efficient Raytron Technology Co Ltd is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Raytron Technology Co Ltd to the Electronic Components industry mean.
  • 2.7% Return on Equity means Raytron Technology Co Ltd generated ¥0.03 for each ¥1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Raytron Technology Co Ltd:

  • The MRQ is 2.7%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 2.9%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ2.7%TTM2.9%-0.2%
TTM2.9%YOY1.7%+1.2%
TTM2.9%5Y3.5%-0.6%
5Y3.5%10Y3.5%0.0%
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ2.7%1.6%+1.1%
TTM2.9%1.5%+1.4%
YOY1.7%2.4%-0.7%
5Y3.5%2.1%+1.4%
10Y3.5%2.1%+1.4%

1.2. Operating Efficiency of Raytron Technology Co Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Raytron Technology Co Ltd is operating .

  • Measures how much profit Raytron Technology Co Ltd makes for each ¥1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Raytron Technology Co Ltd to the Electronic Components industry mean.
  • An Operating Margin of 0.0% means the company generated ¥0.00  for each ¥1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Raytron Technology Co Ltd:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM4.5%-4.5%
TTM4.5%YOY6.3%-1.8%
TTM4.5%5Y21.4%-16.9%
5Y21.4%10Y21.4%0.0%
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ-5.7%-5.7%
TTM4.5%2.2%+2.3%
YOY6.3%5.3%+1.0%
5Y21.4%5.3%+16.1%
10Y21.4%4.2%+17.2%
1.2.2. Operating Ratio

Measures how efficient Raytron Technology Co Ltd is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Electronic Components industry mean).
  • An Operation Ratio of 1.32 means that the operating costs are ¥1.32 for each ¥1 in net sales.

Let's take a look of the Operating Ratio trends of Raytron Technology Co Ltd:

  • The MRQ is 1.324. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.341. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.324TTM1.341-0.017
TTM1.341YOY1.405-0.064
TTM1.3415Y1.199+0.142
5Y1.19910Y1.1990.000
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3241.724-0.400
TTM1.3411.728-0.387
YOY1.4051.706-0.301
5Y1.1991.689-0.490
10Y1.1991.484-0.285

1.3. Liquidity of Raytron Technology Co Ltd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Raytron Technology Co Ltd is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Electronic Components industry mean).
  • A Current Ratio of 2.74 means the company has ¥2.74 in assets for each ¥1 in short-term debts.

Let's take a look of the Current Ratio trends of Raytron Technology Co Ltd:

  • The MRQ is 2.736. The company is able to pay all its short-term debts. +1
  • The TTM is 2.663. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ2.736TTM2.663+0.073
TTM2.663YOY2.746-0.083
TTM2.6635Y5.823-3.160
5Y5.82310Y5.8230.000
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ2.7361.855+0.881
TTM2.6631.846+0.817
YOY2.7461.849+0.897
5Y5.8231.890+3.933
10Y5.8231.692+4.131
1.3.2. Quick Ratio

Measures if Raytron Technology 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 Raytron Technology Co Ltd to the Electronic Components industry mean.
  • A Quick Ratio of 1.04 means the company can pay off ¥1.04 for each ¥1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Raytron Technology Co Ltd:

  • The MRQ is 1.045. The company is just able to pay all its short-term debts with the most liquid assets.
  • The TTM is 0.854. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ1.045TTM0.854+0.191
TTM0.854YOY0.782+0.072
TTM0.8545Y1.134-0.281
5Y1.13410Y1.1340.000
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0450.774+0.271
TTM0.8540.758+0.096
YOY0.7820.809-0.027
5Y1.1340.847+0.287
10Y1.1340.882+0.252

1.4. Solvency of Raytron Technology Co Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Raytron Technology Co Ltd assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Raytron Technology Co Ltd to Electronic Components industry mean.
  • A Debt to Asset Ratio of 0.40 means that Raytron Technology Co Ltd assets are financed with 40.1% credit (debt) and the remaining percentage (100% - 40.1%) is financed by its owners/shareholders. 

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

  • The MRQ is 0.401. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.383. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.401TTM0.383+0.018
TTM0.383YOY0.267+0.116
TTM0.3835Y0.221+0.162
5Y0.22110Y0.2210.000
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4010.425-0.024
TTM0.3830.423-0.040
YOY0.2670.447-0.180
5Y0.2210.441-0.220
10Y0.2210.426-0.205
1.4.2. Debt to Equity Ratio

Measures if Raytron Technology Co Ltd is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Raytron Technology Co Ltd to the Electronic Components industry mean.
  • A Debt to Equity ratio of 72.1% means that company has ¥0.72 debt for each ¥1 in shareholders equity.

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

  • The MRQ is 0.721. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.679. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.721TTM0.679+0.042
TTM0.679YOY0.403+0.276
TTM0.6795Y0.331+0.348
5Y0.33110Y0.3310.000
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7210.750-0.029
TTM0.6790.749-0.070
YOY0.4030.840-0.437
5Y0.3310.824-0.493
10Y0.3310.804-0.473

2. Market Valuation of Raytron Technology Co Ltd

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ¥1 in earnings Raytron Technology Co Ltd generates.

  • Above 15 is considered overpriced but always compare Raytron Technology Co Ltd to the Electronic Components industry mean.
  • A PE ratio of 41.25 means the investor is paying ¥41.25 for every ¥1 in earnings.

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

  • The EOD is 34.508. Based on the earnings, the company is overpriced. -1
  • The MRQ is 41.254. Based on the earnings, the company is overpriced. -1
  • The TTM is 33.135. Based on the earnings, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD34.508MRQ41.254-6.746
MRQ41.254TTM33.135+8.118
TTM33.135YOY117.795-84.659
TTM33.1355Y69.021-35.885
5Y69.02110Y69.0210.000
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
EOD34.50814.877+19.631
MRQ41.25414.752+26.502
TTM33.13514.600+18.535
YOY117.79512.909+104.886
5Y69.02118.542+50.479
10Y69.02123.001+46.020
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is 159.433. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is 190.601. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -7.671. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD159.433MRQ190.601-31.167
MRQ190.601TTM-7.671+198.272
TTM-7.671YOY91.288-98.959
TTM-7.6715Y-45.765+38.093
5Y-45.76510Y-45.7650.000
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
EOD159.4335.145+154.288
MRQ190.6015.250+185.351
TTM-7.6713.027-10.698
YOY91.2881.643+89.645
5Y-45.7651.384-47.149
10Y-45.7651.924-47.689
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Raytron Technology Co Ltd is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Electronic Components industry mean).
  • A PB ratio of 4.21 means the investor is paying ¥4.21 for each ¥1 in book value.

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

  • The EOD is 3.524. Based on the equity, the company is fair priced.
  • The MRQ is 4.213. Based on the equity, the company is fair priced.
  • The TTM is 4.184. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD3.524MRQ4.213-0.689
MRQ4.213TTM4.184+0.028
TTM4.184YOY5.787-1.603
TTM4.1845Y7.714-3.530
5Y7.71410Y7.7140.000
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
EOD3.5241.813+1.711
MRQ4.2131.902+2.311
TTM4.1841.946+2.238
YOY5.7871.959+3.828
5Y7.7142.129+5.585
10Y7.7142.257+5.457
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Raytron Technology 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--0.3730.537-30%0.361+3%0.629-41%0.629-41%
Book Value Per Share--11.32310.651+6%8.781+29%7.590+49%7.590+49%
Current Ratio--2.7362.663+3%2.7460%5.823-53%5.823-53%
Debt To Asset Ratio--0.4010.383+5%0.267+50%0.221+82%0.221+82%
Debt To Equity Ratio--0.7210.679+6%0.403+79%0.331+118%0.331+118%
Dividend Per Share--0.0080.093-91%0.035-77%0.041-80%0.041-80%
Eps--0.2890.342-16%0.123+135%0.250+16%0.250+16%
Free Cash Flow Per Share--0.063-0.076+221%-0.226+461%-0.155+347%-0.155+347%
Free Cash Flow To Equity Per Share--0.063-0.141+326%0.097-36%-0.068+208%-0.068+208%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--15.821--------
Intrinsic Value_10Y_min--12.853--------
Intrinsic Value_1Y_max---0.420--------
Intrinsic Value_1Y_min---0.414--------
Intrinsic Value_3Y_max--0.266--------
Intrinsic Value_3Y_min--0.223--------
Intrinsic Value_5Y_max--2.795--------
Intrinsic Value_5Y_min--2.463--------
Market Cap17847429600.000-20%21336400800.00019971005340.000+7%22518401620.000-5%25319394417.778-16%25319394417.778-16%
Net Profit Margin--0.1470.142+4%0.109+35%0.245-40%0.245-40%
Operating Margin---0.045-100%0.063-100%0.214-100%0.214-100%
Operating Ratio--1.3241.341-1%1.405-6%1.199+10%1.199+10%
Pb Ratio3.524-20%4.2134.184+1%5.787-27%7.714-45%7.714-45%
Pe Ratio34.508-20%41.25433.135+24%117.795-65%69.021-40%69.021-40%
Price Per Share39.900-20%47.70044.648+7%50.343-5%56.604-16%56.604-16%
Price To Free Cash Flow Ratio159.433-20%190.601-7.671+104%91.288+109%-45.765+124%-45.765+124%
Price To Total Gains Ratio104.511-20%124.94182.785+51%269.000-54%187.006-33%187.006-33%
Quick Ratio--1.0450.854+22%0.782+34%1.134-8%1.134-8%
Return On Assets--0.0150.017-9%0.012+33%0.027-44%0.027-44%
Return On Equity--0.0270.029-7%0.017+57%0.035-22%0.035-22%
Total Gains Per Share--0.3820.629-39%0.397-4%0.670-43%0.670-43%
Usd Book Value--700996778.018659400934.009+6%543600256.787+29%469842445.625+49%469842445.625+49%
Usd Book Value Change Per Share--0.0520.074-30%0.050+3%0.087-41%0.087-41%
Usd Book Value Per Share--1.5671.474+6%1.215+29%1.050+49%1.050+49%
Usd Dividend Per Share--0.0010.013-91%0.005-77%0.006-80%0.006-80%
Usd Eps--0.0400.047-16%0.017+135%0.035+16%0.035+16%
Usd Free Cash Flow--3873226.338-4675364.930+221%-13975220.739+461%-9575461.786+347%-9575461.786+347%
Usd Free Cash Flow Per Share--0.009-0.010+221%-0.031+461%-0.021+347%-0.021+347%
Usd Free Cash Flow To Equity Per Share--0.009-0.020+326%0.013-36%-0.009+208%-0.009+208%
Usd Market Cap2470084256.640-20%2952957870.7202763987139.056+7%3116546784.208-5%3504204187.420-16%3504204187.420-16%
Usd Price Per Share5.522-20%6.6026.179+7%6.967-5%7.834-16%7.834-16%
Usd Profit--17895186.70317918339.5410%8713368.940+105%15042649.076+19%15042649.076+19%
Usd Revenue--121540935.722124499286.335-2%78946109.234+54%70999253.556+71%70999253.556+71%
Usd Total Gains Per Share--0.0530.087-39%0.055-4%0.093-43%0.093-43%
 EOD+4 -4MRQTTM+16 -19YOY+20 -155Y+15 -2010Y+15 -20

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1534.508
Price to Book Ratio (EOD)Between0-13.524
Net Profit Margin (MRQ)Greater than00.147
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than11.045
Current Ratio (MRQ)Greater than12.736
Debt to Asset Ratio (MRQ)Less than10.401
Debt to Equity Ratio (MRQ)Less than10.721
Return on Equity (MRQ)Greater than0.150.027
Return on Assets (MRQ)Greater than0.050.015
Total5/10 (50.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5051.349
Ma 20Greater thanMa 5039.973
Ma 50Greater thanMa 10037.931
Ma 100Greater thanMa 20042.563
OpenGreater thanClose38.360
Total2/5 (40.0%)



Reversals in quarterly reports

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

 2022-09-302022-12-312023-03-312023-06-302023-09-30
Interest Income  12,4405,35817,798-11,7516,04715,64321,690-59,069-37,379



Latest Balance Sheet

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

Summary
Total Assets8,459,166
Total Liabilities3,394,160
Total Stockholder Equity4,709,688
 As reported
Total Liabilities 3,394,160
Total Stockholder Equity+ 4,709,688
Total Assets = 8,459,166

Assets

Total Assets8,459,166
Total Current Assets4,990,320
Long-term Assets3,468,846
Total Current Assets
Cash And Cash Equivalents 1,057,810
Short-term Investments 581,116
Net Receivables 1,325,165
Inventory 1,671,557
Other Current Assets 35,518
Total Current Assets  (as reported)4,990,320
Total Current Assets  (calculated)4,671,166
+/- 319,153
Long-term Assets
Property Plant Equipment 1,741,482
Goodwill 142,003
Intangible Assets 229,451
Long-term Assets Other 313,724
Long-term Assets  (as reported)3,468,846
Long-term Assets  (calculated)2,426,660
+/- 1,042,186

Liabilities & Shareholders' Equity

Total Current Liabilities1,824,271
Long-term Liabilities1,569,889
Total Stockholder Equity4,709,688
Total Current Liabilities
Short Long Term Debt 443,659
Accounts payable 967,323
Other Current Liabilities 182,382
Total Current Liabilities  (as reported)1,824,271
Total Current Liabilities  (calculated)1,593,364
+/- 230,907
Long-term Liabilities
Long term Debt 1,342,767
Capital Lease Obligations Min Short Term Debt6,189
Long-term Liabilities Other 17,114
Long-term Liabilities  (as reported)1,569,889
Long-term Liabilities  (calculated)1,366,070
+/- 203,819
Total Stockholder Equity
Retained Earnings 1,821,282
Total Stockholder Equity (as reported)4,709,688
Total Stockholder Equity (calculated)1,821,282
+/- 2,888,406
Other
Capital Stock447,304
Common Stock Shares Outstanding 447,304
Net Debt 728,616
Net Invested Capital 6,496,114
Net Working Capital 3,166,049
Property Plant and Equipment Gross 1,741,482



Balance Sheet

Currency in CNY. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-30
> Total Assets 
1,243,548
2,415,168
2,544,265
2,763,881
3,084,076
3,281,079
3,544,576
3,707,574
3,972,093
4,167,860
4,891,396
5,156,847
5,606,617
5,846,430
6,325,646
8,048,936
8,266,885
8,459,166
8,459,1668,266,8858,048,9366,325,6465,846,4305,606,6175,156,8474,891,3964,167,8603,972,0933,707,5743,544,5763,281,0793,084,0762,763,8812,544,2652,415,1681,243,548
   > Total Current Assets 
901,856
2,030,883
2,070,425
2,233,948
2,380,043
2,498,461
2,553,841
2,633,174
2,763,040
2,712,421
2,988,434
3,066,439
3,386,165
3,486,799
3,636,350
5,270,007
5,055,031
4,990,320
4,990,3205,055,0315,270,0073,636,3503,486,7993,386,1653,066,4392,988,4342,712,4212,763,0402,633,1742,553,8412,498,4612,380,0432,233,9482,070,4252,030,883901,856
       Cash And Cash Equivalents 
139,900
166,535
1,493,918
1,494,976
1,395,397
1,286,114
1,243,412
871,984
562,648
638,839
812,902
694,832
806,822
709,588
952,598
1,764,331
1,581,926
1,057,810
1,057,8101,581,9261,764,331952,598709,588806,822694,832812,902638,839562,648871,9841,243,4121,286,1141,395,3971,494,9761,493,918166,535139,900
       Short-term Investments 
0
0
0
0
0
0
36,041
370,349
540,363
230,349
1,546
65,060
120,307
104,257
0
593,282
210,434
581,116
581,116210,434593,2820104,257120,30765,0601,546230,349540,363370,34936,041000000
       Net Receivables 
167,447
159,464
188,879
217,857
324,481
430,972
508,578
492,418
676,451
666,344
839,633
785,031
900,864
872,393
1,063,582
895,129
1,420,320
1,325,165
1,325,1651,420,320895,1291,063,582872,393900,864785,031839,633666,344676,451492,418508,578430,972324,481217,857188,879159,464167,447
       Inventory 
278,681
307,920
294,398
384,533
525,253
645,289
713,232
825,701
912,629
1,045,761
1,202,192
1,331,577
1,436,881
1,609,319
1,496,137
1,599,443
1,638,220
1,671,557
1,671,5571,638,2201,599,4431,496,1371,609,3191,436,8811,331,5771,202,1921,045,761912,629825,701713,232645,289525,253384,533294,398307,920278,681
       Other Current Assets 
268,460
1,341,078
29,239
136,582
71,997
136,085
52,577
72,720
70,949
131,128
132,161
189,938
121,290
191,242
124,034
80,608
204,131
35,518
35,518204,13180,608124,034191,242121,290189,938132,161131,12870,94972,72052,577136,08571,997136,58229,2391,341,078268,460
   > Long-term Assets 
341,692
384,285
473,840
529,933
704,032
782,619
990,735
1,074,401
1,209,054
1,455,439
1,902,962
2,090,407
2,220,453
2,359,631
2,689,296
2,778,929
3,211,854
3,468,846
3,468,8463,211,8542,778,9292,689,2962,359,6312,220,4532,090,4071,902,9621,455,4391,209,0541,074,401990,735782,619704,032529,933473,840384,285341,692
       Property Plant Equipment 
0
239,571
257,624
287,090
334,213
422,421
527,176
606,618
712,343
818,742
1,002,957
1,046,721
1,121,029
1,191,682
1,439,322
1,522,916
1,670,624
1,741,482
1,741,4821,670,6241,522,9161,439,3221,191,6821,121,0291,046,7211,002,957818,742712,343606,618527,176422,421334,213287,090257,624239,5710
       Goodwill 
0
0
0
0
0
0
0
0
0
0
112,175
115,557
116,246
116,246
116,246
142,020
142,003
142,003
142,003142,003142,020116,246116,246116,246115,557112,1750000000000
       Intangible Assets 
49,904
50,555
6,545
71,517
6,817
138,825
137,962
137,164
139,070
138,549
180,508
197,736
212,056
236,439
231,923
237,957
227,663
229,451
229,451227,663237,957231,923236,439212,056197,736180,508138,549139,070137,164137,962138,8256,81771,5176,54550,55549,904
       Long-term Assets Other 
13,990
29,694
75,436
38,453
143,296
478,642
116,102
110,933
124,682
250,557
270,936
294,195
451,361
484,050
409,100
370,727
322,502
313,724
313,724322,502370,727409,100484,050451,361294,195270,936250,557124,682110,933116,102478,642143,29638,45375,43629,69413,990
> Total Liabilities 
172,348
173,514
201,696
336,249
453,505
493,962
614,810
609,718
621,471
708,991
1,107,555
1,348,101
1,593,088
1,741,557
1,986,314
3,293,386
3,368,943
3,394,160
3,394,1603,368,9433,293,3861,986,3141,741,5571,593,0881,348,1011,107,555708,991621,471609,718614,810493,962453,505336,249201,696173,514172,348
   > Total Current Liabilities 
108,864
109,912
134,947
266,736
382,964
425,975
503,194
495,981
497,201
580,336
937,729
1,069,578
1,321,390
1,473,574
1,697,903
1,771,997
1,806,133
1,824,271
1,824,2711,806,1331,771,9971,697,9031,473,5741,321,3901,069,578937,729580,336497,201495,981503,194425,975382,964266,736134,947109,912108,864
       Short Long Term Debt 
0
0
1,438
51,438
51,438
50,102
50,000
0
2,387
0
149,144
215,088
426,802
443,900
437,697
424,868
387,489
443,659
443,659387,489424,868437,697443,900426,802215,088149,14402,387050,00050,10251,43851,4381,43800
       Accounts payable 
57,842
72,680
73,635
122,860
150,650
244,173
224,456
326,379
296,467
444,340
531,546
612,225
657,525
780,271
663,600
867,456
926,024
967,323
967,323926,024867,456663,600780,271657,525612,225531,546444,340296,467326,379224,456244,173150,650122,86073,63572,68057,842
       Other Current Liabilities 
0
30,888
33,721
84,629
166,125
121,296
165,892
103,137
154,714
102,811
172,669
163,938
186,238
192,219
483,568
119,906
429,880
182,382
182,382429,880119,906483,568192,219186,238163,938172,669102,811154,714103,137165,892121,296166,12584,62933,72130,8880
   > Long-term Liabilities 
63,485
63,602
66,749
69,513
70,541
67,987
111,616
113,737
124,269
128,655
169,826
278,523
271,698
267,983
288,410
1,521,389
1,562,810
1,569,889
1,569,8891,562,8101,521,389288,410267,983271,698278,523169,826128,655124,269113,737111,61667,98770,54169,51366,74963,60263,485
       Other Liabilities 
0
63,602
66,749
69,513
70,541
67,987
111,616
111,947
120,945
123,362
165,650
176,710
176,369
173,932
0
0
225,852
0
0225,85200173,932176,369176,710165,650123,362120,945111,947111,61667,98770,54169,51366,74963,6020
       Deferred Long Term Liability 
0
15,651
17,469
16,123
29,783
33,471
41,379
43,032
47,400
54,716
8,661
42,265
7,419
7,226
0
0
9,297
0
09,297007,2267,41942,2658,66154,71647,40043,03241,37933,47129,78316,12317,46915,6510
> Total Stockholder Equity
1,070,630
2,241,076
2,341,979
2,427,009
2,629,889
2,786,284
2,928,777
3,049,605
3,182,258
3,290,179
3,484,938
3,500,436
3,625,552
3,716,699
3,961,885
4,384,430
4,532,274
4,709,688
4,709,6884,532,2744,384,4303,961,8853,716,6993,625,5523,500,4363,484,9383,290,1793,182,2583,049,6052,928,7772,786,2842,629,8892,427,0092,341,9792,241,0761,070,630
   Common Stock
0
445,000
445,000
445,000
445,000
445,000
445,000
445,000
445,000
445,000
445,000
446,024
446,024
446,024
0
0
447,300
0
0447,30000446,024446,024446,024445,000445,000445,000445,000445,000445,000445,000445,000445,000445,0000
   Retained Earnings 
188,469
224,942
336,241
421,272
624,151
780,546
899,975
1,020,789
1,156,609
1,261,390
1,316,054
1,312,435
1,378,675
1,448,600
1,484,389
1,565,986
1,787,860
1,821,282
1,821,2821,787,8601,565,9861,484,3891,448,6001,378,6751,312,4351,316,0541,261,3901,156,6091,020,789899,975780,546624,151421,272336,241224,942188,469
   Capital Surplus 000000000000000000
   Treasury Stock000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
-3,140
0
7,106
7,174
7,241
7,261
0
0
260,383
0
0260,383007,2617,2417,1747,1060-3,14000000000



Balance Sheet

Currency in CNY. All numbers in thousands.




Cash Flow

Currency in CNY. All numbers in thousands.




Income Statement

Currency in CNY. All numbers in thousands.


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

Gross Profit (+$)
totalRevenue3,598,245
Cost of Revenue-1,830,040
Gross Profit1,768,2051,768,205
 
Operating Income (+$)
Gross Profit1,768,205
Operating Expense-2,982,067
Operating Income616,178-1,213,862
 
Operating Expense (+$)
Research Development629,378
Selling General Administrative417,635
Selling And Marketing Expenses-
Operating Expense2,982,0671,047,012
 
Net Interest Income (+$)
Interest Income3,938
Interest Expense-60,224
Other Finance Cost-7,144
Net Interest Income-49,142
 
Pretax Income (+$)
Operating Income616,178
Net Interest Income-49,142
Other Non-Operating Income Expenses-
Income Before Tax (EBT)495,701616,178
EBIT - interestExpense = -60,224
517,871
578,095
Interest Expense60,224
Earnings Before Interest and Taxes (EBIT)-555,925
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax495,701
Tax Provision-32,832
Net Income From Continuing Ops462,869462,869
Net Income517,871
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-49,142
 

Technical Analysis of Raytron Technology 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 Raytron Technology Co Ltd. The general trend of Raytron Technology Co Ltd is BEARISH with 42.9% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Raytron Technology 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 (-42.9%) Bearish trend (42.9%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Raytron Technology 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: 42.75 < 43.75 < 49.35.

The bearish price targets are: 37.26 > 30.08.

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Raytron Technology 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 Raytron Technology Co Ltd. The current mas is .

The long score for the Moving Averages is 4/14.
The longshort score for the Moving Averages is -6/(-14 +14).

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

Directionalities and relatives.

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

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

Raytron Technology 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 Raytron Technology Co Ltd. The current macd is 0.32305479.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Raytron Technology Co Ltd price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Raytron Technology 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 Raytron Technology 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 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
Raytron Technology Co Ltd Daily Moving Average Convergence/Divergence (MACD) ChartRaytron Technology 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 Raytron Technology Co Ltd. The current adx is 20.06.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-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 Raytron Technology Co Ltd shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Raytron Technology 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 Raytron Technology Co Ltd. The current sar is 43.64.

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
Raytron Technology 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 Raytron Technology Co Ltd. The current rsi is 51.35. The current phase is Correction in bear market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Correction in bear market: Extended price decline in a downtrend, significant pullback. Consider reducing exposure, wait for signs of trend reversal.
  • Trending up: The RSI is trending up. +1
Raytron Technology Co Ltd Daily Relative Strength Index (RSI) ChartRaytron Technology 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 Raytron Technology Co Ltd. The current phase is Continuation in bear market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • 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 Raytron Technology Co Ltd price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Raytron Technology Co Ltd Daily Stochastic Oscillator ChartRaytron Technology 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 Raytron Technology Co Ltd. The current cci is -37.95145056.

Raytron Technology Co Ltd Daily Commodity Channel Index (CCI) ChartRaytron Technology 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 Raytron Technology Co Ltd. The current cmo is 1.35381941.

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
Raytron Technology Co Ltd Daily Chande Momentum Oscillator (CMO) ChartRaytron Technology 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 Raytron Technology Co Ltd. The current willr is -68.26241135.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Raytron Technology Co Ltd is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Raytron Technology Co Ltd Daily Williams %R ChartRaytron Technology 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 Raytron Technology Co Ltd.

Raytron Technology 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 Raytron Technology Co Ltd. The current atr is 1.75359648.

Raytron Technology Co Ltd Daily Average True Range (ATR) ChartRaytron Technology 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 Raytron Technology Co Ltd. The current obv is 109,721,303.

Raytron Technology Co Ltd Daily On-Balance Volume (OBV) ChartRaytron Technology 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 Raytron Technology Co Ltd. The current mfi is 56.82.

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

  • MFI > 50: +1
Raytron Technology Co Ltd Daily Money Flow Index (MFI) ChartRaytron Technology Co Ltd Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

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

6.3. Candlestick Patterns

Raytron Technology Co Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5051.349
Ma 20Greater thanMa 5039.973
Ma 50Greater thanMa 10037.931
Ma 100Greater thanMa 20042.563
OpenGreater thanClose38.360
Total2/5 (40.0%)
Penke

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