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Trina Solar Co Ltd
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Let's analyse Trina Solar Co Ltd together

PenkeI guess you are interested in Trina Solar 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 Trina Solar 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 Trina Solar Co Ltd (30 sec.)










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

How much money do you get?

How much money do you get?
¥0.13
When do you have the money?
1 year
How often do you get paid?
94.4%

What is your share worth?

Current worth
¥16.68
Expected worth in 1 year
¥21.70
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
¥5.96
Return On Investment
25.1%

For what price can you sell your share?

Current Price per Share
¥23.71
Expected price per share
¥20.33 - ¥29.25
How sure are you?
50%

1. Valuation of Trina Solar Co Ltd (5 min.)




Live pricePrice per Share (EOD)

¥23.71

Intrinsic Value Per Share

¥80.56 - ¥97.42

Total Value Per Share

¥97.24 - ¥114.10

2. Growth of Trina Solar Co Ltd (5 min.)




Is Trina Solar Co Ltd growing?

Current yearPrevious yearGrowGrow %
How rich?$5b$3.1b$1.4b31.0%

How much money is Trina Solar Co Ltd making?

Current yearPrevious yearGrowGrow %
Making money$219.8m$105.5m$114.3m52.0%
Net Profit Margin6.1%4.3%--

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

3. Financial Health of Trina Solar Co Ltd (5 min.)




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




  Industry Rankings (Solar)  

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

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

What can you expect buying and holding a share of Trina Solar Co Ltd?

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

Speculation

The Price per Share of Trina Solar Co Ltd is ¥23.71. 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 Trina Solar 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 Trina Solar 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 ¥16.68. Based on the TTM, the Book Value Change Per Share is ¥1.26 per quarter. Based on the YOY, the Book Value Change Per Share is ¥0.96 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 ¥0.23 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Trina Solar 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 Eps0.100.4%0.110.5%0.050.2%0.050.2%0.050.2%
Usd Book Value Change Per Share0.100.4%0.170.7%0.130.6%0.130.5%0.130.5%
Usd Dividend Per Share0.010.1%0.030.1%0.020.1%0.020.1%0.020.1%
Usd Total Gains Per Share0.110.5%0.210.9%0.150.6%0.140.6%0.140.6%
Usd Price Per Share4.23-6.54-9.24-4.71-4.71-
Price to Earnings Ratio10.84-14.91-50.94-27.20-27.20-
Price-to-Total Gains Ratio37.77-34.04-84.22-94.81-94.81-
Price to Book Ratio1.83-3.24-6.61-3.36-3.36-
Price-to-Total Gains Ratio37.77-34.04-84.22-94.81-94.81-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share3.281464
Number of shares304
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.030.02
Usd Book Value Change Per Share0.170.13
Usd Total Gains Per Share0.210.14
Gains per Quarter (304 shares)62.6543.95
Gains per Year (304 shares)250.60175.79
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
13921124120156166
27942349240312342
311863474360468518
415784599479624694
51971056124599780870
6236126814961199361046
72751479174713910921222
83151690199815912481398
93541901224917914041574
103932113250019815591750

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%17.01.00.094.4%17.01.00.094.4%17.01.00.094.4%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%17.00.01.094.4%17.00.01.094.4%17.00.01.094.4%
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 Trina Solar Co Ltd

About Trina Solar Co Ltd

Trina Solar Co., Ltd. engages in the research and development, production, and sales of photovoltaic (PV) modules in China, Europe, North America, South America, Japan, the Asia Pacific, the Middle East, and North Africa. The company offers crystal silicon-based photovoltaic modules, single-polycrystalline and silicon-based photovoltaic modules, and monocrystalline photovoltaic modules. It also develops and sells intelligent microgrids and multi-energy systems and smart micro-grid and multi-energy systems, as well as the operation of energy cloud platforms, etc. In addition, the company provides photovoltaic power generation, photovoltaic power station operation and maintenance services, photovoltaic power station project construction management services. Trina Solar Co., Ltd. was founded in 1997 and is headquartered in Changzhou, China.

Fundamental data was last updated by Penke on 2024-03-28 04:23:05.

Financial Health

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

Valuation

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

1.1. Profitability of Trina Solar Co Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Trina Solar Co Ltd earns for each ¥1 of revenue.

  • Above 10% is considered healthy but always compare Trina Solar Co Ltd to the Solar industry mean.
  • A Net Profit Margin of 4.8% means that ¥0.05 for each ¥1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Trina Solar Co Ltd:

  • The MRQ is 4.8%. The company is making a profit. +1
  • The TTM is 6.1%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ4.8%TTM6.1%-1.2%
TTM6.1%YOY4.3%+1.8%
TTM6.1%5Y4.2%+1.8%
5Y4.2%10Y4.2%0.0%
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ4.8%0.1%+4.7%
TTM6.1%-4.3%+10.4%
YOY4.3%-0.3%+4.6%
5Y4.2%-8.1%+12.3%
10Y4.2%-8.3%+12.5%
1.1.2. Return on Assets

Shows how efficient Trina Solar Co Ltd is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Trina Solar Co Ltd to the Solar industry mean.
  • 1.2% Return on Assets means that Trina Solar Co Ltd generated ¥0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Trina Solar Co Ltd:

  • The MRQ is 1.2%. Using its assets, the company is less efficient in making profit.
  • The TTM is 1.4%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ1.2%TTM1.4%-0.2%
TTM1.4%YOY1.0%+0.4%
TTM1.4%5Y0.9%+0.5%
5Y0.9%10Y0.9%0.0%
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ1.2%-0.2%+1.4%
TTM1.4%-0.2%+1.6%
YOY1.0%-0.2%+1.2%
5Y0.9%-0.6%+1.5%
10Y0.9%-0.6%+1.5%
1.1.3. Return on Equity

Shows how efficient Trina Solar Co Ltd is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Trina Solar Co Ltd to the Solar industry mean.
  • 4.9% Return on Equity means Trina Solar Co Ltd generated ¥0.05 for each ¥1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Trina Solar Co Ltd:

  • The MRQ is 4.9%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 5.5%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ4.9%TTM5.5%-0.6%
TTM5.5%YOY3.5%+1.9%
TTM5.5%5Y3.1%+2.3%
5Y3.1%10Y3.1%0.0%
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ4.9%0.1%+4.8%
TTM5.5%0.4%+5.1%
YOY3.5%0.5%+3.0%
5Y3.1%-0.5%+3.6%
10Y3.1%-0.6%+3.7%

1.2. Operating Efficiency of Trina Solar Co Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Trina Solar Co Ltd is operating .

  • Measures how much profit Trina Solar 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 Trina Solar Co Ltd to the Solar 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 Trina Solar Co Ltd:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM4.1%-4.1%
TTM4.1%YOY5.8%-1.7%
TTM4.1%5Y6.0%-1.9%
5Y6.0%10Y6.0%0.0%
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ--6.4%+6.4%
TTM4.1%-0.7%+4.8%
YOY5.8%0.2%+5.6%
5Y6.0%0.1%+5.9%
10Y6.0%-1.4%+7.4%
1.2.2. Operating Ratio

Measures how efficient Trina Solar Co Ltd is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Solar industry mean).
  • An Operation Ratio of 1.73 means that the operating costs are ¥1.73 for each ¥1 in net sales.

Let's take a look of the Operating Ratio trends of Trina Solar Co Ltd:

  • The MRQ is 1.733. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.754. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.733TTM1.754-0.021
TTM1.754YOY1.795-0.042
TTM1.7545Y1.675+0.079
5Y1.67510Y1.6750.000
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ1.7331.629+0.104
TTM1.7541.630+0.124
YOY1.7951.680+0.115
5Y1.6751.625+0.050
10Y1.6751.423+0.252

1.3. Liquidity of Trina Solar Co Ltd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Trina Solar Co Ltd is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Solar industry mean).
  • A Current Ratio of 1.24 means the company has ¥1.24 in assets for each ¥1 in short-term debts.

Let's take a look of the Current Ratio trends of Trina Solar Co Ltd:

  • The MRQ is 1.239. The company is just able to pay all its short-term debts.
  • The TTM is 1.218. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.239TTM1.218+0.021
TTM1.218YOY1.162+0.056
TTM1.2185Y1.163+0.056
5Y1.16310Y1.1630.000
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ1.2391.265-0.026
TTM1.2181.421-0.203
YOY1.1621.437-0.275
5Y1.1631.536-0.373
10Y1.1631.355-0.192
1.3.2. Quick Ratio

Measures if Trina Solar 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 Trina Solar Co Ltd to the Solar industry mean.
  • A Quick Ratio of 0.29 means the company can pay off ¥0.29 for each ¥1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Trina Solar Co Ltd:

  • The MRQ is 0.286. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.325. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.286TTM0.325-0.039
TTM0.325YOY0.366-0.041
TTM0.3255Y0.374-0.049
5Y0.37410Y0.3740.000
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2860.517-0.231
TTM0.3250.575-0.250
YOY0.3660.648-0.282
5Y0.3740.651-0.277
10Y0.3740.728-0.354

1.4. Solvency of Trina Solar Co Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Trina Solar Co Ltd assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Trina Solar Co Ltd to Solar industry mean.
  • A Debt to Asset Ratio of 0.72 means that Trina Solar Co Ltd assets are financed with 71.6% credit (debt) and the remaining percentage (100% - 71.6%) is financed by its owners/shareholders. 

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

  • The MRQ is 0.716. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.702. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.716TTM0.702+0.014
TTM0.702YOY0.699+0.003
TTM0.7025Y0.679+0.023
5Y0.67910Y0.6790.000
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7160.588+0.128
TTM0.7020.587+0.115
YOY0.6990.611+0.088
5Y0.6790.617+0.062
10Y0.6790.614+0.065
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Trina Solar Co Ltd to the Solar industry mean.
  • A Debt to Equity ratio of 292.2% means that company has ¥2.92 debt for each ¥1 in shareholders equity.

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

  • The MRQ is 2.922. The company is unable to pay all its debts with equity. -1
  • The TTM is 2.666. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ2.922TTM2.666+0.256
TTM2.666YOY2.457+0.209
TTM2.6665Y2.297+0.369
5Y2.29710Y2.2970.000
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ2.9221.389+1.533
TTM2.6661.389+1.277
YOY2.4571.657+0.800
5Y2.2971.730+0.567
10Y2.2971.617+0.680

2. Market Valuation of Trina Solar 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 Trina Solar Co Ltd generates.

  • Above 15 is considered overpriced but always compare Trina Solar Co Ltd to the Solar industry mean.
  • A PE ratio of 10.84 means the investor is paying ¥10.84 for every ¥1 in earnings.

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

  • The EOD is 8.405. Based on the earnings, the company is underpriced. +1
  • The MRQ is 10.836. Based on the earnings, the company is underpriced. +1
  • The TTM is 14.910. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD8.405MRQ10.836-2.432
MRQ10.836TTM14.910-4.074
TTM14.910YOY50.940-36.030
TTM14.9105Y27.197-12.286
5Y27.19710Y27.1970.000
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
EOD8.405-0.150+8.555
MRQ10.836-0.110+10.946
TTM14.910-0.031+14.941
YOY50.940-1.055+51.995
5Y27.197-2.382+29.579
10Y27.1971.668+25.529
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is 5.716. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 7.369. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 20.347. Based on how much money comes from the company's main activities, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD5.716MRQ7.369-1.654
MRQ7.369TTM20.347-12.978
TTM20.347YOY-106.358+126.705
TTM20.3475Y-15.121+35.469
5Y-15.12110Y-15.1210.000
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
EOD5.716-1.474+7.190
MRQ7.369-3.077+10.446
TTM20.347-3.976+24.323
YOY-106.358-4.644-101.714
5Y-15.121-5.747-9.374
10Y-15.121-6.253-8.868
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Solar industry mean).
  • A PB ratio of 1.83 means the investor is paying ¥1.83 for each ¥1 in book value.

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

  • The EOD is 1.422. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.833. Based on the equity, the company is underpriced. +1
  • The TTM is 3.238. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD1.422MRQ1.833-0.411
MRQ1.833TTM3.238-1.405
TTM3.238YOY6.615-3.377
TTM3.2385Y3.362-0.125
5Y3.36210Y3.3620.000
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
EOD1.4221.291+0.131
MRQ1.8331.570+0.263
TTM3.2381.728+1.510
YOY6.6152.216+4.399
5Y3.3621.949+1.413
10Y3.3622.346+1.016
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Trina Solar 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--0.7071.255-44%0.956-26%0.927-24%0.927-24%
Book Value Per Share--16.68015.059+11%10.396+60%9.369+78%9.369+78%
Current Ratio--1.2391.218+2%1.162+7%1.163+7%1.163+7%
Debt To Asset Ratio--0.7160.702+2%0.699+2%0.679+5%0.679+5%
Debt To Equity Ratio--2.9222.666+10%2.457+19%2.297+27%2.297+27%
Dividend Per Share--0.1030.234-56%0.131-22%0.118-13%0.118-13%
Eps--0.7050.785-10%0.350+102%0.328+115%0.328+115%
Free Cash Flow Per Share--1.037-0.022+102%-0.003+100%-0.167+116%-0.167+116%
Free Cash Flow To Equity Per Share--1.037-0.479+146%0.457+127%0.091+1044%0.091+1044%
Gross Profit Margin--1.0001.0000%1.0000%0.944+6%0.944+6%
Intrinsic Value_10Y_max--97.422--------
Intrinsic Value_10Y_min--80.558--------
Intrinsic Value_1Y_max--0.722--------
Intrinsic Value_1Y_min--0.703--------
Intrinsic Value_3Y_max--9.058--------
Intrinsic Value_3Y_min--8.509--------
Intrinsic Value_5Y_max--25.701--------
Intrinsic Value_5Y_min--23.262--------
Market Cap51672625600.000-29%66623035200.000102991105200.000-35%145559454400.000-54%74216894044.444-10%74216894044.444-10%
Net Profit Margin--0.0480.061-20%0.043+14%0.042+14%0.042+14%
Operating Margin---0.041-100%0.058-100%0.060-100%0.060-100%
Operating Ratio--1.7331.754-1%1.795-3%1.675+3%1.675+3%
Pb Ratio1.422-29%1.8333.238-43%6.615-72%3.362-45%3.362-45%
Pe Ratio8.405-29%10.83614.910-27%50.940-79%27.197-60%27.197-60%
Price Per Share23.710-29%30.57047.258-35%66.790-54%34.054-10%34.054-10%
Price To Free Cash Flow Ratio5.716-29%7.36920.347-64%-106.358+1543%-15.121+305%-15.121+305%
Price To Total Gains Ratio29.291-29%37.76534.035+11%84.225-55%94.810-60%94.810-60%
Quick Ratio--0.2860.325-12%0.366-22%0.374-24%0.374-24%
Return On Assets--0.0120.014-17%0.010+19%0.009+34%0.009+34%
Return On Equity--0.0490.055-10%0.035+39%0.031+57%0.031+57%
Total Gains Per Share--0.8091.489-46%1.088-26%1.045-23%1.045-23%
Usd Book Value--5030941228.7364542292500.340+11%3135780151.078+60%2825796852.780+78%2825796852.780+78%
Usd Book Value Change Per Share--0.0980.174-44%0.132-26%0.128-24%0.128-24%
Usd Book Value Per Share--2.3082.084+11%1.439+60%1.297+78%1.297+78%
Usd Dividend Per Share--0.0140.032-56%0.018-22%0.016-13%0.016-13%
Usd Eps--0.0980.109-10%0.048+102%0.045+115%0.045+115%
Usd Free Cash Flow--312800016.910-6565186.874+102%-873983.491+100%-50468235.787+116%-50468235.787+116%
Usd Free Cash Flow Per Share--0.144-0.003+102%0.000+100%-0.023+116%-0.023+116%
Usd Free Cash Flow To Equity Per Share--0.144-0.066+146%0.063+127%0.013+1044%0.013+1044%
Usd Market Cap7151491383.040-29%9220628071.68014253968959.680-35%20145428488.960-54%10271618135.751-10%10271618135.751-10%
Usd Price Per Share3.281-29%4.2316.540-35%9.244-54%4.713-10%4.713-10%
Usd Profit--212724525.448219875122.070-3%105534500.430+102%94485720.793+125%94485720.793+125%
Usd Revenue--4392232990.6343735858272.358+18%2470930087.778+78%1942425844.833+126%1942425844.833+126%
Usd Total Gains Per Share--0.1120.206-46%0.151-26%0.145-23%0.145-23%
 EOD+4 -4MRQTTM+16 -19YOY+20 -155Y+20 -1610Y+20 -16

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-158.405
Price to Book Ratio (EOD)Between0-11.422
Net Profit Margin (MRQ)Greater than00.048
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.286
Current Ratio (MRQ)Greater than11.239
Debt to Asset Ratio (MRQ)Less than10.716
Debt to Equity Ratio (MRQ)Less than12.922
Return on Equity (MRQ)Greater than0.150.049
Return on Assets (MRQ)Greater than0.050.012
Total4/10 (40.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5039.428
Ma 20Greater thanMa 5025.511
Ma 50Greater thanMa 10025.334
Ma 100Greater thanMa 20026.616
OpenGreater thanClose23.690
Total1/5 (20.0%)



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  106,143335,952442,095-284,359157,736-51,098106,638-733,205-626,567



Latest Balance Sheet

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

Summary
Total Assets128,033,638
Total Liabilities91,682,907
Total Stockholder Equity31,372,326
 As reported
Total Liabilities 91,682,907
Total Stockholder Equity+ 31,372,326
Total Assets = 128,033,638

Assets

Total Assets128,033,638
Total Current Assets88,496,491
Long-term Assets39,537,148
Total Current Assets
Cash And Cash Equivalents 27,025,591
Short-term Investments 48,397
Net Receivables 20,375,206
Inventory 26,915,395
Other Current Assets 2,825,236
Total Current Assets  (as reported)88,496,491
Total Current Assets  (calculated)77,189,825
+/- 11,306,666
Long-term Assets
Property Plant Equipment 24,411,043
Goodwill 154,298
Intangible Assets 3,225,595
Long-term Assets Other 3,310,122
Long-term Assets  (as reported)39,537,148
Long-term Assets  (calculated)31,101,057
+/- 8,436,090

Liabilities & Shareholders' Equity

Total Current Liabilities71,427,664
Long-term Liabilities20,255,243
Total Stockholder Equity31,372,326
Total Current Liabilities
Short Long Term Debt 17,596,401
Accounts payable 38,659,966
Other Current Liabilities 2,591,303
Total Current Liabilities  (as reported)71,427,664
Total Current Liabilities  (calculated)58,847,670
+/- 12,579,995
Long-term Liabilities
Long term Debt 16,823,827
Capital Lease Obligations Min Short Term Debt63,424
Long-term Liabilities Other 2,912,516
Long-term Liabilities  (as reported)20,255,243
Long-term Liabilities  (calculated)19,799,767
+/- 455,476
Total Stockholder Equity
Retained Earnings 10,490,852
Total Stockholder Equity (as reported)31,372,326
Total Stockholder Equity (calculated)10,490,852
+/- 20,881,473
Other
Capital Stock2,173,562
Common Stock Shares Outstanding 2,173,562
Net Debt 7,394,636
Net Invested Capital 65,792,553
Net Working Capital 17,068,826
Property Plant and Equipment Gross 24,411,043



Balance Sheet

Currency in CNY. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312016-09-302016-06-302016-03-31
> Total Assets 
0
0
0
0
32,739,743
34,040,422
36,491,235
38,437,226
42,402,158
42,137,837
45,592,461
51,318,281
53,146,098
61,852,461
63,539,882
72,345,272
80,454,763
84,091,381
89,976,064
107,856,947
117,169,819
128,033,638
128,033,638117,169,819107,856,94789,976,06484,091,38180,454,76372,345,27263,539,88261,852,46153,146,09851,318,28145,592,46142,137,83742,402,15838,437,22636,491,23534,040,42232,739,7430000
   > Total Current Assets 
0
0
0
0
20,246,871
20,217,055
22,339,228
23,922,274
26,558,465
25,729,776
28,316,718
31,463,393
32,570,660
40,051,758
41,861,353
57,545,050
57,545,050
58,946,500
61,065,053
75,443,673
82,045,407
88,496,491
88,496,49182,045,40775,443,67361,065,05358,946,50057,545,05057,545,05041,861,35340,051,75832,570,66031,463,39328,316,71825,729,77626,558,46523,922,27422,339,22820,217,05520,246,8710000
       Cash And Cash Equivalents 
0
0
0
0
4,636,010
4,132,697
5,827,450
5,207,962
8,125,478
7,180,568
9,429,357
9,775,625
9,551,860
10,530,579
10,690,077
11,048,307
16,934,992
16,172,820
19,142,926
22,704,969
25,117,861
27,025,591
27,025,59125,117,86122,704,96919,142,92616,172,82016,934,99211,048,30710,690,07710,530,5799,551,8609,775,6259,429,3577,180,5688,125,4785,207,9625,827,4504,132,6974,636,0100000
       Short-term Investments 
0
0
0
0
1,234,991
1,047,650
1,733,947
3,505,276
3,139,455
1,464,082
914,709
52,522
425,445
667,757
429,947
1,317,783
832,254
96,400
89,367
1,189,152
40,790
48,397
48,39740,7901,189,15289,36796,400832,2541,317,783429,947667,757425,44552,522914,7091,464,0823,139,4553,505,2761,733,9471,047,6501,234,9910000
       Net Receivables 
0
0
0
0
4,969,891
4,869,789
4,660,378
7,357,431
7,941,435
8,505,933
8,119,158
10,382,724
11,343,978
12,319,559
14,213,543
16,506,531
16,506,531
17,453,516
13,210,007
22,133,267
24,792,190
20,375,206
20,375,20624,792,19022,133,26713,210,00717,453,51616,506,53116,506,53114,213,54312,319,55911,343,97810,382,7248,119,1588,505,9337,941,4357,357,4314,660,3784,869,7894,969,8910000
       Other Current Assets 
0
0
0
0
1,049,755
1,123,605
1,006,060
3,275,397
1,820,179
2,465,254
2,100,162
2,771,906
2,582,078
3,366,794
3,774,240
5,353,729
5,353,729
5,615,674
2,315,086
5,436,385
5,710,247
2,825,236
2,825,2365,710,2475,436,3852,315,0865,615,6745,353,7295,353,7293,774,2403,366,7942,582,0782,771,9062,100,1622,465,2541,820,1793,275,3971,006,0601,123,6051,049,7550000
   > Long-term Assets 
0
0
0
0
12,492,872
13,823,367
14,152,007
14,514,952
15,843,693
16,408,061
17,275,743
19,854,887
20,575,438
21,800,703
21,678,529
21,234,154
22,909,713
25,144,880
28,911,011
32,413,274
35,124,412
39,537,148
39,537,14835,124,41232,413,27428,911,01125,144,88022,909,71321,234,15421,678,52921,800,70320,575,43819,854,88717,275,74316,408,06115,843,69314,514,95214,152,00713,823,36712,492,8720000
       Property Plant Equipment 
1,882,279
1,840,968
1,880,081
0
0
0
0
11,067,024
12,188,122
12,361,506
12,342,186
14,048,595
14,720,289
15,384,390
14,581,616
13,909,342
13,909,342
13,834,996
16,418,867
18,400,591
21,929,969
24,411,043
24,411,04321,929,96918,400,59116,418,86713,834,99613,909,34213,909,34214,581,61615,384,39014,720,28914,048,59512,342,18612,361,50612,188,12211,067,02400001,880,0811,840,9681,882,279
       Goodwill 
0
0
0
0
152,890
152,890
152,890
152,890
152,890
152,890
160,395
160,395
160,395
160,395
154,298
154,298
154,298
154,298
154,298
154,298
154,298
154,298
154,298154,298154,298154,298154,298154,298154,298154,298160,395160,395160,395160,395152,890152,890152,890152,890152,890152,8900000
       Intangible Assets 
0
0
0
0
133,255
579,919
595,460
615,223
576,754
606,569
649,203
759,072
757,160
715,714
894,102
890,471
2,312,659
2,394,453
2,629,566
3,073,004
2,971,498
3,225,595
3,225,5952,971,4983,073,0042,629,5662,394,4532,312,659890,471894,102715,714757,160759,072649,203606,569576,754615,223595,460579,919133,2550000
       Long-term Assets Other 
0
0
0
0
219,169
324,646
453,201
516,812
680,428
13,092,909
1,721,325
2,412,108
2,160,312
1,564,017
1,656,675
1,524,334
1,691,243
2,786,965
2,983,602
2,998,856
2,600,934
3,310,122
3,310,1222,600,9342,998,8562,983,6022,786,9651,691,2431,524,3341,656,6751,564,0172,160,3122,412,1081,721,32513,092,909680,428516,812453,201324,646219,1690000
> Total Liabilities 
0
0
0
0
20,710,833
21,730,722
23,792,812
25,540,546
26,832,829
26,826,792
29,891,683
35,402,394
37,039,449
44,782,545
45,376,284
49,561,203
56,180,493
58,683,833
61,180,513
76,534,039
82,358,878
91,682,907
91,682,90782,358,87876,534,03961,180,51358,683,83356,180,49349,561,20345,376,28444,782,54537,039,44935,402,39429,891,68326,826,79226,832,82925,540,54623,792,81221,730,72220,710,8330000
   > Total Current Liabilities 
0
0
0
0
18,187,836
18,100,745
19,507,323
21,071,754
22,287,752
22,451,934
24,245,218
28,183,876
30,074,877
33,669,525
35,049,162
49,321,271
49,321,271
52,565,665
54,949,614
60,035,984
64,777,701
71,427,664
71,427,66464,777,70160,035,98454,949,61452,565,66549,321,27149,321,27135,049,16233,669,52530,074,87728,183,87624,245,21822,451,93422,287,75221,071,75419,507,32318,100,74518,187,8360000
       Short Long Term Debt 
0
0
0
0
7,289,482
6,367,436
6,856,107
8,407,435
8,857,667
7,880,121
5,678,129
6,898,273
7,416,463
7,589,422
9,004,551
12,446,965
11,997,936
12,303,100
13,672,753
16,557,250
16,376,641
17,596,401
17,596,40116,376,64116,557,25013,672,75312,303,10011,997,93612,446,9659,004,5517,589,4227,416,4636,898,2735,678,1297,880,1218,857,6678,407,4356,856,1076,367,4367,289,4820000
       Accounts payable 
0
0
0
0
8,343,305
9,253,395
9,177,000
8,731,917
10,693,725
11,361,840
15,039,994
16,903,656
18,306,357
20,719,281
18,708,386
27,672,430
27,672,430
28,685,269
30,113,889
30,833,437
34,361,808
38,659,966
38,659,96634,361,80830,833,43730,113,88928,685,26927,672,43027,672,43018,708,38620,719,28118,306,35716,903,65615,039,99411,361,84010,693,7258,731,9179,177,0009,253,3958,343,3050000
       Other Current Liabilities 
0
0
0
0
576,674
724,268
815,332
2,962,450
1,986,894
2,887,724
2,049,390
4,106,325
2,912,029
5,055,956
5,069,983
7,049,209
7,049,209
11,183,261
2,591,141
12,026,277
11,274,125
2,591,303
2,591,30311,274,12512,026,2772,591,14111,183,2617,049,2097,049,2095,069,9835,055,9562,912,0294,106,3252,049,3902,887,7241,986,8942,962,450815,332724,268576,6740000
   > Long-term Liabilities 
0
0
0
0
2,522,996
3,629,977
4,285,489
4,468,792
4,545,077
4,374,858
5,646,464
7,218,518
6,964,572
11,113,021
10,327,123
5,520,749
6,859,222
6,118,168
6,230,899
16,498,055
17,581,177
20,255,243
20,255,24317,581,17716,498,0556,230,8996,118,1686,859,2225,520,74910,327,12311,113,0216,964,5727,218,5185,646,4644,374,8584,545,0774,468,7924,285,4893,629,9772,522,9960000
       Capital Lease Obligations Min Short Term Debt
0
0
0
0
0
0
0
0
0
0
0
185,493
112,708
332,385
34,747
42,371
32,414
21,885
53,959
72,791
70,598
63,424
63,42470,59872,79153,95921,88532,41442,37134,747332,385112,708185,49300000000000
       Long-term Liabilities Other 
0
0
0
0
931,614
936,057
934,238
941,293
945,498
929,359
979,299
987,194
1,039,114
1,056,282
1,099,511
2,422,135
1,176,347
2,301,191
1,282,974
2,544,812
2,522,543
2,912,516
2,912,5162,522,5432,544,8121,282,9742,301,1911,176,3472,422,1351,099,5111,056,2821,039,114987,194979,299929,359945,498941,293934,238936,057931,6140000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
98,532
70,289
63,344
66,507
37,336
35,160
33,782
42,046
51,008
51,008
56,933
0
57,318
76,931
0
076,93157,318056,93351,00851,00842,04633,78235,16037,33666,50763,34470,28998,5320000000
> Total Stockholder Equity
0
0
0
0
11,338,498
11,584,219
11,956,299
12,153,072
14,810,401
14,675,682
15,081,183
15,279,490
15,457,891
16,384,312
17,111,933
21,250,065
23,056,481
24,389,754
26,338,970
28,633,595
29,991,177
31,372,326
31,372,32629,991,17728,633,59526,338,97024,389,75423,056,48121,250,06517,111,93316,384,31215,457,89115,279,49015,081,18314,675,68214,810,40112,153,07211,956,29911,584,21911,338,4980000
   Common Stock
43
43
43
0
0
0
0
1,757,826
2,068,026
2,068,026
2,068,026
2,068,026
2,068,026
2,068,026
2,073,668
2,167,587
2,167,587
2,167,587
0
2,173,242
2,173,426
0
02,173,4262,173,24202,167,5872,167,5872,167,5872,073,6682,068,0262,068,0262,068,0262,068,0262,068,0262,068,0261,757,8260000434343
   Retained Earnings Total Equity0000000000000000000000
   Accumulated Other Comprehensive Income 0000000000000000000000
   Capital Surplus 0000000000000000000000
   Treasury Stock0000000000000000000000
   Other Stockholders Equity 
14,550
4,548
2,141
0
0
0
0
-77,953
-71,059
-105,834
-251,847
-334,247
-309,569
126,259
-10,975
-193,708
-193,708
-65,677
0
721,385
799,520
0
0799,520721,3850-65,677-193,708-193,708-10,975126,259-309,569-334,247-251,847-105,834-71,059-77,95300002,1414,54814,550



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 (+$)
totalRevenue107,972,782
Cost of Revenue-90,726,788
Gross Profit17,245,99417,245,994
 
Operating Income (+$)
Gross Profit17,245,994
Operating Expense-98,631,608
Operating Income9,341,175-81,385,613
 
Operating Expense (+$)
Research Development1,548,201
Selling General Administrative4,884,134
Selling And Marketing Expenses-
Operating Expense98,631,6086,432,335
 
Net Interest Income (+$)
Interest Income79,902
Interest Expense-1,099,940
Other Finance Cost-624,594
Net Interest Income-395,445
 
Pretax Income (+$)
Operating Income9,341,175
Net Interest Income-395,445
Other Non-Operating Income Expenses-
Income Before Tax (EBT)7,564,3649,341,175
EBIT - interestExpense = -1,099,940
6,354,772
7,454,713
Interest Expense1,099,940
Earnings Before Interest and Taxes (EBIT)-8,664,304
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax7,564,364
Tax Provision-686,146
Net Income From Continuing Ops6,878,2186,878,218
Net Income6,354,772
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-395,445
 

Technical Analysis of Trina Solar 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 Trina Solar Co Ltd. The general trend of Trina Solar Co Ltd is BEARISH with 85.7% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Trina Solar 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 (-85.7%) Bearish trend (85.7%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

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

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


Score

Let's take a look at the Support & Resistance of Trina Solar 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: 27.51 < 29.16 < 29.25.

The bearish price targets are: 20.33.

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Trina Solar 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 Trina Solar Co Ltd. The current mas is .

The long score for the Moving Averages is 1/14.
The longshort score for the Moving Averages is -12/(-14 +14).

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

Directionalities and relatives.

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

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

Trina Solar 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 Trina Solar Co Ltd. The current macd is -0.30545401.

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 Trina Solar Co Ltd price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Trina Solar Co Ltd. 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 Trina Solar Co Ltd 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
Trina Solar Co Ltd Daily Moving Average Convergence/Divergence (MACD) ChartTrina Solar 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 Trina Solar Co Ltd. The current adx is 19.80.

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 Trina Solar Co Ltd 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
Trina Solar 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 Trina Solar Co Ltd. The current sar is 26.21.

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
Trina Solar 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 Trina Solar Co Ltd. The current rsi is 39.43. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is -2/(-13 +13).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Trending up: The RSI is trending up. +1
Trina Solar Co Ltd Daily Relative Strength Index (RSI) ChartTrina Solar 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 Trina Solar Co Ltd. The current phase is Oversold in bear market.

The long score for the Stochastic Oscillator is 1/6.
The longshort score for the Stochastic Oscillator is -4/(-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 Trina Solar Co Ltd price going down in the near term. -2
  • Trending up: The STOCH %K is trending up. +1
Trina Solar Co Ltd Daily Stochastic Oscillator ChartTrina Solar 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 Trina Solar Co Ltd. The current cci is -133.79482453.

The long score for the Commodity Channel Index (CCI) is 0/1.
The longshort score for the Commodity Channel Index (CCI) is -1/(-1 +1).

  • CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1
Trina Solar Co Ltd Daily Commodity Channel Index (CCI) ChartTrina Solar 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 Trina Solar Co Ltd. The current cmo is -31.45587456.

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
Trina Solar Co Ltd Daily Chande Momentum Oscillator (CMO) ChartTrina Solar 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 Trina Solar Co Ltd. The current willr is -93.59605911.

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
Trina Solar Co Ltd Daily Williams %R ChartTrina Solar 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 Trina Solar Co Ltd.

Trina Solar 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 Trina Solar Co Ltd. The current atr is 0.91931699.

Trina Solar Co Ltd Daily Average True Range (ATR) ChartTrina Solar 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 Trina Solar Co Ltd. The current obv is -578,087,638.

Trina Solar Co Ltd Daily On-Balance Volume (OBV) ChartTrina Solar 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 Trina Solar Co Ltd. The current mfi is 41.63.

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
Trina Solar Co Ltd Daily Money Flow Index (MFI) ChartTrina Solar Co Ltd Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

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

6.3. Candlestick Patterns

Trina Solar Co Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5039.428
Ma 20Greater thanMa 5025.511
Ma 50Greater thanMa 10025.334
Ma 100Greater thanMa 20026.616
OpenGreater thanClose23.690
Total1/5 (20.0%)
Penke

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