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RIVERSTONE HOLDINGS LIMITED
Buy, Hold or Sell?

Let's analyse Riverstone together

PenkeI guess you are interested in RIVERSTONE HOLDINGS LIMITED. 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 RIVERSTONE HOLDINGS LIMITED. 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 Riverstone (30 sec.)










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

How much money do you get?

How much money do you get?
S$0.07
When do you have the money?
1 year
How often do you get paid?
75.9%

What is your share worth?

Current worth
S$0.34
Expected worth in 1 year
S$0.28
How sure are you?
86.2%

+ What do you gain per year?

Total Gains per Share
S$0.04
Return On Investment
4.7%

For what price can you sell your share?

Current Price per Share
S$0.85
Expected price per share
S$0.61185882352941 - S$
How sure are you?
50%

1. Valuation of Riverstone (5 min.)




Live pricePrice per Share (EOD)

S$0.85

Intrinsic Value Per Share

S$1.57 - S$1.84

Total Value Per Share

S$1.91 - S$2.18

2. Growth of Riverstone (5 min.)




Is Riverstone growing?

Current yearPrevious yearGrowGrow %
How rich?$370.3m$458.5m-$84.5m-22.6%

How much money is Riverstone making?

Current yearPrevious yearGrowGrow %
Making money$10.2m$20.1m-$9.9m-96.6%
Net Profit Margin21.3%26.5%--

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

3. Financial Health of Riverstone (5 min.)




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




  Industry Rankings (Medical Instruments & Supplies)  


Richest
#67 / 173

Most Revenue
#88 / 173

Most Profit
#67 / 173

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

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

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

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

Speculation

The Price per Share of Riverstone is S$0.85. 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 Riverstone.
  • 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 Riverstone, 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 S$0.34. Based on the TTM, the Book Value Change Per Share is S$-0.01 per quarter. Based on the YOY, the Book Value Change Per Share is S$0.00 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 S$0.02 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Riverstone.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 S$% of Price per ShareS$% of Price per ShareS$% of Price per ShareS$% of Price per ShareS$% of Price per Share
Usd Eps0.011.0%0.010.8%0.011.6%0.022.2%0.011.6%
Usd Book Value Change Per Share0.010.9%-0.01-1.2%0.00-0.2%0.011.1%0.011.0%
Usd Dividend Per Share0.000.0%0.022.1%0.034.0%0.011.4%0.011.1%
Usd Total Gains Per Share0.010.9%0.010.9%0.033.7%0.022.5%0.022.1%
Usd Price Per Share0.44-0.45-0.56-0.82-0.79-
Price to Earnings Ratio13.20-16.57-10.39-25.76-36.79-
Price-to-Total Gains Ratio56.43-62.85-12.47-100.75-166.97-
Price to Book Ratio1.78-1.79-1.80-6.10-8.20-
Price-to-Total Gains Ratio56.43-62.85-12.47-100.75-166.97-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.630275
Number of shares1586
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.020.01
Usd Book Value Change Per Share-0.010.01
Usd Total Gains Per Share0.010.02
Gains per Quarter (1586 shares)11.8133.88
Gains per Year (1586 shares)47.23135.54
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1114-66377759126
2227-13384154117262
3341-199131231176398
4455-266178308234534
5568-332225385293670
6682-398272462351806
7795-465319539410942
8909-5313666164681078
91023-5984136935271214
101136-6644607705861350

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%20.00.00.0100.0%29.00.00.0100.0%29.00.00.0100.0%
Book Value Change Per Share1.03.00.025.0%5.04.03.041.7%10.05.05.050.0%16.08.05.055.2%16.08.05.055.2%
Dividend per Share3.00.01.075.0%7.00.05.058.3%14.00.06.070.0%22.00.07.075.9%22.00.07.075.9%
Total Gains per Share4.00.00.0100.0%9.00.03.075.0%16.00.04.080.0%25.00.04.086.2%25.00.04.086.2%

Fundamentals of Riverstone

About RIVERSTONE HOLDINGS LIMITED

Riverstone Holdings Limited, an investment holding company, manufactures and distributes cleanroom and healthcare gloves in Malaysia, Thailand, and China. The company offers cleanroom gloves, cleanroom finger cots, face masks, packaging bags, and wipers; and cleanroom garments, such as boots, shoes, aprons, beard covers, bouffant caps, coveralls, face masks, frocks/lab coats, gowns, glove, hairnets, hoods, sleeves, and shoe covers, as well as antistatic gloves, static dissipative shoes, rubber bands, sticky mats and rollers, swab-polyester and microfiber, and cleanroom paper. It also provides healthcare products, including blue, white, black, and accelerator free nitrile exam gloves. In addition, the company trades in latex products; and processing, packaging, and distributes cleanroom products. It sells its products under the RS brand for use in the hard disk drive, semiconductor, and healthcare industries. The company also exports its products to Asia, Europe, and the United States. The company was founded in 1989 and is based in Singapore. Riverstone Holdings Limited operates as a subsidiary of Raffles Nominees (Pte.) Limited.

Fundamental data was last updated by Penke on 2024-03-07 00:30:06.

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 efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very able to pay all its short-term debts.
The company is able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

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

1.1. Profitability of RIVERSTONE HOLDINGS LIMITED.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Riverstone to the Medical Instruments & Supplies industry mean.
  • A Net Profit Margin of 26.6% means that $0.27 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of RIVERSTONE HOLDINGS LIMITED:

  • The MRQ is 26.6%. The company is making a huge profit. +2
  • The TTM is 21.3%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ26.6%TTM21.3%+5.4%
TTM21.3%YOY26.5%-5.2%
TTM21.3%5Y17.7%+3.5%
5Y17.7%10Y17.2%+0.5%
Compared to industry (Medical Instruments & Supplies)
PeriodCompanyIndustry (mean)+/- 
MRQ26.6%6.2%+20.4%
TTM21.3%7.4%+13.9%
YOY26.5%8.0%+18.5%
5Y17.7%7.1%+10.6%
10Y17.2%7.7%+9.5%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Riverstone to the Medical Instruments & Supplies industry mean.
  • 3.1% Return on Assets means that Riverstone generated $0.03 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of RIVERSTONE HOLDINGS LIMITED:

  • The MRQ is 3.1%. Using its assets, the company is less efficient in making profit.
  • The TTM is 2.5%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ3.1%TTM2.5%+0.6%
TTM2.5%YOY3.9%-1.3%
TTM2.5%5Y8.9%-6.4%
5Y8.9%10Y7.5%+1.4%
Compared to industry (Medical Instruments & Supplies)
PeriodCompanyIndustry (mean)+/- 
MRQ3.1%1.2%+1.9%
TTM2.5%1.2%+1.3%
YOY3.9%1.7%+2.2%
5Y8.9%1.6%+7.3%
10Y7.5%1.6%+5.9%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Riverstone to the Medical Instruments & Supplies industry mean.
  • 3.4% Return on Equity means Riverstone generated $0.03 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of RIVERSTONE HOLDINGS LIMITED:

  • The MRQ is 3.4%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 2.8%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ3.4%TTM2.8%+0.6%
TTM2.8%YOY4.4%-1.6%
TTM2.8%5Y10.8%-8.0%
5Y10.8%10Y8.9%+1.9%
Compared to industry (Medical Instruments & Supplies)
PeriodCompanyIndustry (mean)+/- 
MRQ3.4%2.3%+1.1%
TTM2.8%2.6%+0.2%
YOY4.4%3.1%+1.3%
5Y10.8%3.2%+7.6%
10Y8.9%3.0%+5.9%

1.2. Operating Efficiency of RIVERSTONE HOLDINGS LIMITED.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Riverstone is operating .

  • Measures how much profit Riverstone 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 Riverstone to the Medical Instruments & Supplies industry mean.
  • An Operating Margin of 0.0% means the company generated $0.00  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of RIVERSTONE HOLDINGS LIMITED:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM18.5%-18.5%
TTM18.5%YOY33.7%-15.3%
TTM18.5%5Y19.3%-0.9%
5Y19.3%10Y19.1%+0.2%
Compared to industry (Medical Instruments & Supplies)
PeriodCompanyIndustry (mean)+/- 
MRQ-8.4%-8.4%
TTM18.5%6.5%+12.0%
YOY33.7%10.7%+23.0%
5Y19.3%10.1%+9.2%
10Y19.1%8.4%+10.7%
1.2.2. Operating Ratio

Measures how efficient Riverstone is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Medical Instruments & Supplies 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 RIVERSTONE HOLDINGS LIMITED:

  • The MRQ is 1.321. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.451. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.321TTM1.451-0.130
TTM1.451YOY1.279+0.173
TTM1.4515Y1.061+0.390
5Y1.06110Y1.222-0.160
Compared to industry (Medical Instruments & Supplies)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3211.099+0.222
TTM1.4511.149+0.302
YOY1.2791.109+0.170
5Y1.0611.101-0.040
10Y1.2221.055+0.167

1.3. Liquidity of RIVERSTONE HOLDINGS LIMITED.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Medical Instruments & Supplies industry mean).
  • A Current Ratio of 15.61 means the company has $15.61 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of RIVERSTONE HOLDINGS LIMITED:

  • The MRQ is 15.608. The company is very able to pay all its short-term debts. +2
  • The TTM is 12.915. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ15.608TTM12.915+2.693
TTM12.915YOY6.654+6.262
TTM12.9155Y5.404+7.512
5Y5.40410Y4.716+0.687
Compared to industry (Medical Instruments & Supplies)
PeriodCompanyIndustry (mean)+/- 
MRQ15.6082.385+13.223
TTM12.9152.589+10.326
YOY6.6542.582+4.072
5Y5.4042.635+2.769
10Y4.7162.614+2.102
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Riverstone to the Medical Instruments & Supplies industry mean.
  • A Quick Ratio of 1.74 means the company can pay off $1.74 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of RIVERSTONE HOLDINGS LIMITED:

  • The MRQ is 1.740. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 1.383. The company is able to pay all its short-term debts with the most liquid assets. +1
Trends
Current periodCompared to+/- 
MRQ1.740TTM1.383+0.357
TTM1.383YOY3.609-2.226
TTM1.3835Y2.142-0.759
5Y2.14210Y2.000+0.142
Compared to industry (Medical Instruments & Supplies)
PeriodCompanyIndustry (mean)+/- 
MRQ1.7401.165+0.575
TTM1.3831.172+0.211
YOY3.6091.283+2.326
5Y2.1421.392+0.750
10Y2.0001.477+0.523

1.4. Solvency of RIVERSTONE HOLDINGS LIMITED.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Riverstone to Medical Instruments & Supplies industry mean.
  • A Debt to Asset Ratio of 0.07 means that Riverstone assets are financed with 7.1% credit (debt) and the remaining percentage (100% - 7.1%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of RIVERSTONE HOLDINGS LIMITED:

  • The MRQ is 0.071. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.080. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.071TTM0.080-0.009
TTM0.080YOY0.119-0.038
TTM0.0805Y0.145-0.064
5Y0.14510Y0.156-0.011
Compared to industry (Medical Instruments & Supplies)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0710.353-0.282
TTM0.0800.355-0.275
YOY0.1190.358-0.239
5Y0.1450.362-0.217
10Y0.1560.369-0.213
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Riverstone to the Medical Instruments & Supplies industry mean.
  • A Debt to Equity ratio of 7.7% means that company has $0.08 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of RIVERSTONE HOLDINGS LIMITED:

  • The MRQ is 0.077. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.087. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.077TTM0.087-0.011
TTM0.087YOY0.135-0.048
TTM0.0875Y0.172-0.085
5Y0.17210Y0.181-0.008
Compared to industry (Medical Instruments & Supplies)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0770.541-0.464
TTM0.0870.545-0.458
YOY0.1350.529-0.394
5Y0.1720.640-0.468
10Y0.1810.665-0.484

2. Market Valuation of RIVERSTONE HOLDINGS LIMITED

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 Riverstone generates.

  • Above 15 is considered overpriced but always compare Riverstone to the Medical Instruments & Supplies industry mean.
  • A PE ratio of 13.20 means the investor is paying $13.20 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of RIVERSTONE HOLDINGS LIMITED:

  • The EOD is 18.699. Based on the earnings, the company is fair priced.
  • The MRQ is 13.200. Based on the earnings, the company is underpriced. +1
  • The TTM is 16.569. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD18.699MRQ13.200+5.500
MRQ13.200TTM16.569-3.370
TTM16.569YOY10.389+6.181
TTM16.5695Y25.763-9.193
5Y25.76310Y36.794-11.032
Compared to industry (Medical Instruments & Supplies)
PeriodCompanyIndustry (mean)+/- 
EOD18.69917.039+1.660
MRQ13.20017.929-4.729
TTM16.56919.435-2.866
YOY10.38920.661-10.272
5Y25.76321.503+4.260
10Y36.79427.130+9.664
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of RIVERSTONE HOLDINGS LIMITED:

  • The EOD is 23.565. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 16.634. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 13.500. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD23.565MRQ16.634+6.931
MRQ16.634TTM13.500+3.134
TTM13.500YOY-46.704+60.205
TTM13.5005Y6.729+6.771
5Y6.72910Y274.146-267.417
Compared to industry (Medical Instruments & Supplies)
PeriodCompanyIndustry (mean)+/- 
EOD23.56510.083+13.482
MRQ16.6349.744+6.890
TTM13.5001.298+12.202
YOY-46.7044.667-51.371
5Y6.7294.114+2.615
10Y274.1460.108+274.038
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Medical Instruments & Supplies industry mean).
  • A PB ratio of 1.78 means the investor is paying $1.78 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of RIVERSTONE HOLDINGS LIMITED:

  • The EOD is 2.522. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.780. Based on the equity, the company is underpriced. +1
  • The TTM is 1.791. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD2.522MRQ1.780+0.742
MRQ1.780TTM1.791-0.010
TTM1.791YOY1.796-0.005
TTM1.7915Y6.095-4.305
5Y6.09510Y8.201-2.105
Compared to industry (Medical Instruments & Supplies)
PeriodCompanyIndustry (mean)+/- 
EOD2.5222.522+0.000
MRQ1.7802.733-0.953
TTM1.7912.706-0.915
YOY1.7963.220-1.424
5Y6.0953.824+2.271
10Y8.2014.219+3.982
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of RIVERSTONE HOLDINGS LIMITED 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--0.011-0.014+233%-0.003+124%0.012-15%0.012-9%
Book Value Per Share--0.3370.340-1%0.417-19%0.269+25%0.209+61%
Current Ratio--15.60812.915+21%6.654+135%5.404+189%4.716+231%
Debt To Asset Ratio--0.0710.080-11%0.119-40%0.145-51%0.156-54%
Debt To Equity Ratio--0.0770.087-12%0.135-43%0.172-56%0.181-58%
Dividend Per Share---0.024-100%0.045-100%0.016-100%0.012-100%
Eps--0.0110.009+22%0.018-38%0.025-55%0.019-39%
Free Cash Flow Per Share--0.0090.012-24%0.010-6%0.020-54%0.013-32%
Free Cash Flow To Equity Per Share--0.009-0.005+158%0.009-5%0.013-30%0.008+8%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--1.842--------
Intrinsic Value_10Y_min--1.570--------
Intrinsic Value_1Y_max--0.123--------
Intrinsic Value_1Y_min--0.121--------
Intrinsic Value_3Y_max--0.417--------
Intrinsic Value_3Y_min--0.398--------
Intrinsic Value_5Y_max--0.768--------
Intrinsic Value_5Y_min--0.709--------
Market Cap1259844486.400+29%889301990.400902270977.760-1%1113480200.480-20%1795361513.597-50%1930783553.015-54%
Net Profit Margin--0.2660.213+25%0.265+0%0.177+50%0.172+55%
Operating Margin---0.185-100%0.337-100%0.193-100%0.191-100%
Operating Ratio--1.3211.451-9%1.279+3%1.061+24%1.222+8%
Pb Ratio2.522+29%1.7801.791-1%1.796-1%6.095-71%8.201-78%
Pe Ratio18.699+29%13.20016.569-20%10.389+27%25.763-49%36.794-64%
Price Per Share0.850+29%0.6000.609-1%0.751-20%1.104-46%1.071-44%
Price To Free Cash Flow Ratio23.565+29%16.63413.500+23%-46.704+381%6.729+147%274.146-94%
Price To Total Gains Ratio79.946+29%56.43362.845-10%12.466+353%100.753-44%166.971-66%
Quick Ratio--1.7401.383+26%3.609-52%2.142-19%2.000-13%
Return On Assets--0.0310.025+24%0.039-19%0.089-65%0.075-58%
Return On Equity--0.0340.028+23%0.044-23%0.108-69%0.089-62%
Total Gains Per Share--0.0110.010+6%0.043-75%0.029-63%0.024-55%
Usd Book Value--370363214.173373999381.836-1%458529914.505-19%305879118.965+21%250855596.442+48%
Usd Book Value Change Per Share--0.008-0.010+233%-0.002+124%0.009-15%0.009-9%
Usd Book Value Per Share--0.2500.252-1%0.309-19%0.199+25%0.155+61%
Usd Dividend Per Share---0.018-100%0.034-100%0.012-100%0.009-100%
Usd Eps--0.0080.007+22%0.014-38%0.019-55%0.014-39%
Usd Free Cash Flow--9910412.66013018848.953-24%10491249.075-6%18968784.399-48%13687832.255-28%
Usd Free Cash Flow Per Share--0.0070.009-24%0.007-6%0.015-54%0.010-32%
Usd Free Cash Flow To Equity Per Share--0.007-0.004+158%0.007-5%0.009-30%0.006+8%
Usd Market Cap934174686.666+29%659417425.882669033930.009-1%825645568.656-20%1331260562.332-50%1431676004.561-54%
Usd Price Per Share0.630+29%0.4450.451-1%0.557-20%0.818-46%0.794-44%
Usd Profit--12489379.02410266237.526+22%20183182.950-38%32226131.896-61%24333983.757-49%
Usd Revenue--46951812.77448477845.208-3%75572744.412-38%70705877.901-34%62068234.649-24%
Usd Total Gains Per Share--0.0080.007+6%0.032-75%0.021-63%0.018-55%
 EOD+4 -4MRQTTM+20 -15YOY+9 -265Y+10 -2510Y+13 -22

3.2. Fundamental Score

Let's check the fundamental score of RIVERSTONE HOLDINGS LIMITED based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1518.699
Price to Book Ratio (EOD)Between0-12.522
Net Profit Margin (MRQ)Greater than00.266
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than11.740
Current Ratio (MRQ)Greater than115.608
Debt to Asset Ratio (MRQ)Less than10.071
Debt to Equity Ratio (MRQ)Less than10.077
Return on Equity (MRQ)Greater than0.150.034
Return on Assets (MRQ)Greater than0.050.031
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of RIVERSTONE HOLDINGS LIMITED based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5078.757
Ma 20Greater thanMa 500.711
Ma 50Greater thanMa 1000.680
Ma 100Greater thanMa 2000.644
OpenGreater thanClose0.810
Total4/5 (80.0%)



Latest Balance Sheet

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

Summary
Total Assets1,892,122
Total Liabilities134,633
Total Stockholder Equity1,757,485
 As reported
Total Liabilities 134,633
Total Stockholder Equity+ 1,757,485
Total Assets = 1,892,122

Assets

Total Assets1,892,122
Total Current Assets1,162,761
Long-term Assets729,361
Total Current Assets
Cash And Cash Equivalents 950,544
Net Receivables 129,621
Inventory 74,755
Total Current Assets  (as reported)1,162,761
Total Current Assets  (calculated)1,154,920
+/- 7,841
Long-term Assets
Property Plant Equipment 728,271
Long-term Assets  (as reported)729,361
Long-term Assets  (calculated)728,271
+/- 1,090

Liabilities & Shareholders' Equity

Total Current Liabilities74,496
Long-term Liabilities60,137
Total Stockholder Equity1,757,485
Total Current Liabilities
Accounts payable 70,157
Total Current Liabilities  (as reported)74,496
Total Current Liabilities  (calculated)70,157
+/- 4,339
Long-term Liabilities
Capital Lease Obligations Min Short Term Debt533
Long-term Liabilities  (as reported)60,137
Long-term Liabilities  (calculated)533
+/- 59,604
Total Stockholder Equity
Retained Earnings 1,615,728
Total Stockholder Equity (as reported)1,757,485
Total Stockholder Equity (calculated)1,615,728
+/- 141,757
Other
Capital Stock156,337
Common Stock Shares Outstanding 1,482,168
Net Invested Capital 1,757,485
Net Working Capital 1,088,265



Balance Sheet

Currency in MYR. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-30
> Total Assets 
623,668
667,606
735,020
712,599
747,636
778,404
800,438
799,670
837,785
872,856
902,033
867,547
900,429
932,649
0
1,042,392
0
1,687,770
0
2,682,841
0
2,699,608
0
2,260,314
2,233,512
2,019,764
1,963,098
1,844,747
1,892,122
1,892,1221,844,7471,963,0982,019,7642,233,5122,260,31402,699,60802,682,84101,687,77001,042,3920932,649900,429867,547902,033872,856837,785799,670800,438778,404747,636712,599735,020667,606623,668
   > Total Current Assets 
291,811
322,423
375,095
325,906
337,314
348,822
361,383
346,784
363,779
359,831
383,475
343,075
377,103
391,126
500,504
500,504
0
1,099,919
0
2,041,380
0
2,007,591
0
1,539,487
1,510,790
1,276,972
1,225,013
1,112,160
1,162,761
1,162,7611,112,1601,225,0131,276,9721,510,7901,539,48702,007,59102,041,38001,099,9190500,504500,504391,126377,103343,075383,475359,831363,779346,784361,383348,822337,314325,906375,095322,423291,811
       Cash And Cash Equivalents 
47,618
59,212
90,040
92,861
108,303
114,250
82,664
81,532
106,176
97,010
128,051
92,361
126,224
130,409
0
274,159
0
648,943
0
681,821
0
629,998
0
574,603
644,035
1,037,226
990,496
899,033
950,544
950,544899,033990,4961,037,226644,035574,6030629,9980681,8210648,9430274,1590130,409126,22492,361128,05197,010106,17681,53282,664114,250108,30392,86190,04059,21247,618
       Short-term Investments 
62,436
44,332
62,209
20,486
30,613
432
52,413
10,989
27,735
599
45,320
25,979
28,660
62,007
0
46,334
0
296,707
0
664,138
0
982,933
0
653,689
617,758
0
0
0
0
0000617,758653,6890982,9330664,1380296,707046,334062,00728,66025,97945,32059927,73510,98952,41343230,61320,48662,20944,33262,436
       Net Receivables 
119,327
150,105
138,665
146,539
126,907
158,390
144,522
153,781
162,799
172,051
146,767
140,414
142,201
156,881
137,852
137,852
0
320,436
0
478,906
0
233,719
0
189,696
148,581
122,518
134,298
122,261
129,621
129,621122,261134,298122,518148,581189,6960233,7190478,9060320,4360137,852137,852156,881142,201140,414146,767172,051162,799153,781144,522158,390126,907146,539138,665150,105119,327
       Inventory 
60,247
66,978
81,823
63,578
68,042
71,131
76,075
95,312
89,758
83,635
91,588
96,234
100,710
97,295
82,868
82,868
0
121,989
0
211,072
0
153,012
0
116,241
94,635
82,368
94,772
81,748
74,755
74,75581,74894,77282,36894,635116,2410153,0120211,0720121,989082,86882,86897,295100,71096,23491,58883,63589,75895,31276,07571,13168,04263,57881,82366,97860,247
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
518,558
524,472
523,326
541,523
0
541,888
0
587,851
0
641,461
0
692,017
0
720,827
722,722
742,792
738,085
732,587
729,361
729,361732,587738,085742,792722,722720,8270692,0170641,4610587,8510541,8880541,523523,326524,472518,5580000000000
       Property Plant Equipment 
0
336,662
351,271
377,612
400,959
419,845
429,182
442,961
464,256
484,430
489,891
495,572
492,984
510,822
514,476
514,476
0
587,281
0
640,868
0
691,194
0
719,501
721,436
741,562
736,942
731,622
728,271
728,271731,622736,942741,562721,436719,5010691,1940640,8680587,2810514,476514,476510,822492,984495,572489,891484,430464,256442,961429,182419,845400,959377,612351,271336,6620
       Other Assets 
0
8,521
8,654
9,081
9,363
9,737
9,873
9,925
9,750
28,595
28,667
28,900
30,342
30,701
27,412
27,412
0
570
0
593
0
823
0
1,326
1,286
1,230
1,143
0
0
001,1431,2301,2861,326082305930570027,41227,41230,70130,34228,90028,66728,5959,7509,9259,8739,7379,3639,0818,6548,5210
> Total Liabilities 
98,711
113,098
144,769
135,553
136,247
145,788
138,474
147,378
151,391
163,837
162,770
134,070
131,408
143,229
0
157,109
0
329,678
0
577,330
0
367,151
0
273,755
181,515
166,835
176,581
142,707
134,633
134,633142,707176,581166,835181,515273,7550367,1510577,3300329,6780157,1090143,229131,408134,070162,770163,837151,391147,378138,474145,788136,247135,553144,769113,09898,711
   > Total Current Liabilities 
86,061
100,427
108,322
100,499
102,352
115,524
109,440
120,451
125,618
139,865
139,935
112,848
111,602
126,115
139,723
139,723
0
281,893
0
523,835
0
312,010
0
208,265
118,143
106,112
114,221
83,666
74,496
74,49683,666114,221106,112118,143208,2650312,0100523,8350281,8930139,723139,723126,115111,602112,848139,935139,865125,618120,451109,440115,524102,352100,499108,322100,42786,061
       Short-term Debt 
0
0
29,500
28,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000006,0006,0006,0006,0006,0006,0006,0006,0006,0006,00028,00029,50000
       Short Long Term Debt 
0
0
29,500
28,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
0
6,000
0
6,000
0
4,000
0
1,000
0
0
0
0
0
0
0
00000001,00004,00006,00006,00006,0006,0006,0006,0006,0006,0006,0006,0006,0006,00028,00029,50000
       Accounts payable 
0
44,824
0
0
0
44,164
0
0
0
53,166
125,083
96,622
97,865
58,059
0
110,943
0
73,645
0
197,698
0
60,856
0
107,751
93,518
28,549
95,626
68,660
70,157
70,15768,66095,62628,54993,518107,751060,8560197,698073,6450110,943058,05997,86596,622125,08353,16600044,16400044,8240
       Other Current Liabilities 
86,061
29,126
102,322
94,499
96,352
34,637
103,440
114,451
119,618
31,953
444
106,848
105,602
32,015
133,723
133,723
0
139,865
0
519,281
0
192,343
0
207,972
118,146
106,112
0
0
0
000106,112118,146207,9720192,3430519,2810139,8650133,723133,72332,015105,602106,84844431,953119,618114,451103,44034,63796,35294,499102,32229,12686,061
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
22,830
21,217
19,801
17,109
0
17,381
0
47,780
0
53,495
0
55,141
0
65,490
63,372
60,723
62,360
59,041
60,137
60,13759,04162,36060,72363,37265,490055,141053,495047,780017,381017,10919,80121,21722,8300000000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
13,000
11,500
10,000
8,500
7,000
0
4,000
0
1,542
0
0
0
0
0
0
0
0
0
0
0
000000000001,54204,00007,0008,50010,00011,50013,000000000000
       Other Liabilities 
0
12,671
12,947
13,054
13,395
11,264
11,534
10,927
11,273
10,972
11,330
11,217
11,301
10,109
13,381
13,381
0
46,238
0
53,208
0
55,141
0
65,490
63,372
60,723
61,520
0
0
0061,52060,72363,37265,490055,141053,208046,238013,38113,38110,10911,30111,21711,33010,97211,27310,92711,53411,26413,39513,05412,94712,6710
> Total Stockholder Equity
0
554,503
590,246
577,041
611,384
632,611
661,959
652,287
686,389
709,014
739,263
733,477
769,021
789,420
0
885,283
0
1,358,092
0
2,105,506
0
2,332,452
0
1,986,552
2,051,990
1,852,925
1,786,512
1,702,037
1,757,485
1,757,4851,702,0371,786,5121,852,9252,051,9901,986,55202,332,45202,105,50601,358,0920885,2830789,420769,021733,477739,263709,014686,389652,287661,959632,611611,384577,041590,246554,5030
   Common Stock
156,337
156,337
156,337
156,337
156,337
156,337
156,337
156,337
156,337
156,337
156,337
156,337
156,337
156,337
156,337
156,337
0
156,337
0
156,337
0
156,337
0
156,337
156,337
156,337
156,337
0
0
00156,337156,337156,337156,3370156,3370156,3370156,3370156,337156,337156,337156,337156,337156,337156,337156,337156,337156,337156,337156,337156,337156,337156,337156,337
   Retained Earnings Total Equity00000000000000000000000000000
   Accumulated Other Comprehensive Income 00000000000000000000000000000
   Capital Surplus 00000000000000000000000000000
   Treasury Stock00000000000-8150-8150-815-815-815-815-815000000000
   Other Stockholders Equity 
0
-39,791
-35,238
-37,067
-37,068
-41,195
-40,490
-41,473
-39,494
-42,602
-40,122
-38,030
-38,097
-40,732
-36,601
-36,601
0
-46,317
0
-37,906
0
-45,200
0
-30,317
-28,331
-32,265
1,630,990
-9,947
0
0-9,9471,630,990-32,265-28,331-30,3170-45,2000-37,9060-46,3170-36,601-36,601-40,732-38,097-38,030-40,122-42,602-39,494-41,473-40,490-41,195-37,068-37,067-35,238-39,7910



Balance Sheet

Currency in MYR. All numbers in thousands.




Cash Flow

Currency in MYR. All numbers in thousands.




Income Statement

Currency in MYR. All numbers in thousands.


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

Gross Profit (+$)
totalRevenue920,170
Cost of Revenue-644,800
Gross Profit275,370275,370
 
Operating Income (+$)
Gross Profit275,370
Operating Expense-692,312
Operating Income227,858-416,942
 
Operating Expense (+$)
Research Development-
Selling General Administrative48,469
Selling And Marketing Expenses-
Operating Expense692,31248,469
 
Net Interest Income (+$)
Interest Income-
Interest Expense-21
Other Finance Cost-22,796
Net Interest Income22,775
 
Pretax Income (+$)
Operating Income227,858
Net Interest Income22,775
Other Non-Operating Income Expenses-
Income Before Tax (EBT)252,957227,858
EBIT - interestExpense = -21
194,866
194,887
Interest Expense21
Earnings Before Interest and Taxes (EBIT)-252,978
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax252,957
Tax Provision-58,094
Net Income From Continuing Ops194,863194,863
Net Income194,866
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--22,775
 

Technical Analysis of Riverstone
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 Riverstone. The general trend of Riverstone is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Riverstone's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (100.0%) Bearish trend (-100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

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

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


Score

Let's take a look at the Support & Resistance of RIVERSTONE HOLDINGS LIMITED.

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

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

The bullish price targets are: .

The bearish price targets are: 0.70457066666667 > 0.69994149659864 > 0.61185882352941.

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RIVERSTONE HOLDINGS LIMITED 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 RIVERSTONE HOLDINGS LIMITED. The current mas is .

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

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

Directionalities and relatives.

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

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

RIVERSTONE HOLDINGS LIMITED 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 RIVERSTONE HOLDINGS LIMITED. The current macd is 0.04673894.

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

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Riverstone price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Riverstone. 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 Riverstone price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
RIVERSTONE HOLDINGS LIMITED Daily Moving Average Convergence/Divergence (MACD) ChartRIVERSTONE HOLDINGS LIMITED 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 RIVERSTONE HOLDINGS LIMITED. The current adx is 36.33.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Riverstone shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.
RIVERSTONE HOLDINGS LIMITED 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 RIVERSTONE HOLDINGS LIMITED. The current sar is 0.72097718.

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

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
RIVERSTONE HOLDINGS LIMITED 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 RIVERSTONE HOLDINGS LIMITED. The current rsi is 78.76. The current phase is Overbought in bull market.

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

  • Overbought in bull market: Short-term excessive buying, potential for pullback. Consider taking profits, be cautious of potential correction. -1
  • Trending up: The RSI is trending up. +1
RIVERSTONE HOLDINGS LIMITED Daily Relative Strength Index (RSI) ChartRIVERSTONE HOLDINGS LIMITED 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 RIVERSTONE HOLDINGS LIMITED. The current phase is Overbought in bull market.

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

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Riverstone price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
RIVERSTONE HOLDINGS LIMITED Daily Stochastic Oscillator ChartRIVERSTONE HOLDINGS LIMITED 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 RIVERSTONE HOLDINGS LIMITED. The current cci is 120.21.

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

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
RIVERSTONE HOLDINGS LIMITED Daily Commodity Channel Index (CCI) ChartRIVERSTONE HOLDINGS LIMITED 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 RIVERSTONE HOLDINGS LIMITED. The current cmo is 69.54.

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
RIVERSTONE HOLDINGS LIMITED Daily Chande Momentum Oscillator (CMO) ChartRIVERSTONE HOLDINGS LIMITED 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 RIVERSTONE HOLDINGS LIMITED. The current willr is 0.

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

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
RIVERSTONE HOLDINGS LIMITED Daily Williams %R ChartRIVERSTONE HOLDINGS LIMITED 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 RIVERSTONE HOLDINGS LIMITED.

RIVERSTONE HOLDINGS LIMITED 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 RIVERSTONE HOLDINGS LIMITED. The current atr is 0.02974057.

RIVERSTONE HOLDINGS LIMITED Daily Average True Range (ATR) ChartRIVERSTONE HOLDINGS LIMITED 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 RIVERSTONE HOLDINGS LIMITED. The current obv is 119,110,612.

RIVERSTONE HOLDINGS LIMITED Daily On-Balance Volume (OBV) ChartRIVERSTONE HOLDINGS LIMITED 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 RIVERSTONE HOLDINGS LIMITED. The current mfi is 60.48.

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
RIVERSTONE HOLDINGS LIMITED Daily Money Flow Index (MFI) ChartRIVERSTONE HOLDINGS LIMITED Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for RIVERSTONE HOLDINGS LIMITED.

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
2023-11-07STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-08STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-14STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-15WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-17STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-20STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-22STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-27WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-28STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-29STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-30STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-04MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-05STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-06CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-07CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-08STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-12STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-13CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-15ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-18STOCH LONG EXITThe %K line crosses below the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-19STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-20STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-21STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-22RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-28STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-03STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-01-04MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-10STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-01-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-15STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-16DMI 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
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-17ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
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.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-23SAR 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
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-24SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-26DMI 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
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-30MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-31STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-02STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-06CCI 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).
2024-02-07STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-09MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-15MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-16MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
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).
2024-02-19MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-20CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-26CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-27STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-28MACD 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
2024-02-29DMI 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
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-05STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-06STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-08DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-13MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-15STOCH LONG EXITThe %K line crosses below the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-18STOCH 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).
2024-03-20BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-21STOCH LONG EXITThe %K line crosses below the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-26STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-28ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).

6.3. Candlestick Patterns

RIVERSTONE HOLDINGS LIMITED Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of RIVERSTONE HOLDINGS LIMITED based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5078.757
Ma 20Greater thanMa 500.711
Ma 50Greater thanMa 1000.680
Ma 100Greater thanMa 2000.644
OpenGreater thanClose0.810
Total4/5 (80.0%)
Penke

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