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Altech Batteries Ltd
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Let's analyse Altech Batteries Ltd together

PenkeI guess you are interested in Altech Batteries 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 Altech Batteries 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.

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Quick analysis of Altech Batteries Ltd (30 sec.)










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

How much money do you get?

How much money do you get?
A$0.00
When do you have the money?
1 year
How often do you get paid?
10.0%

What is your share worth?

Current worth
A$0.02
Expected worth in 1 year
A$-0.13
How sure are you?
70.0%

+ What do you gain per year?

Total Gains per Share
A$-0.15
Return On Investment
-200.0%

For what price can you sell your share?

Current Price per Share
A$0.08
Expected price per share
A$0.072 - A$0.099
How sure are you?
50%
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1. Valuation of Altech Batteries Ltd (5 min.)




Live pricePrice per Share (EOD)

A$0.08

Intrinsic Value Per Share

A$-0.09 - A$-0.04

Total Value Per Share

A$-0.07 - A$-0.02

2. Growth of Altech Batteries Ltd (5 min.)




Is Altech Batteries Ltd growing?

Current yearPrevious yearGrowGrow %
How rich?$22m$63.3m-$41.3m-187.9%

How much money is Altech Batteries Ltd making?

Current yearPrevious yearGrowGrow %
Making money-$38.8m-$3.7m-$35m-90.3%
Net Profit Margin-286,992.8%-1,238.1%--

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

3. Financial Health of Altech Batteries Ltd (5 min.)




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




  Industry Rankings (Specialty Chemicals)  

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

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

What can you expect buying and holding a share of Altech Batteries Ltd?

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

Speculation

The Price per Share of Altech Batteries Ltd is A$0.077. 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 Altech Batteries 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 Altech Batteries 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 A$0.02. Based on the TTM, the Book Value Change Per Share is A$-0.04 per quarter. Based on the YOY, the Book Value Change Per Share is A$0.01 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 A$0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Altech Batteries Ltd.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 A$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per Share
Usd Eps-0.02-30.5%-0.02-30.5%0.00-2.9%-0.01-7.4%0.00-4.5%
Usd Book Value Change Per Share-0.03-32.5%-0.03-32.5%0.004.4%0.000.3%0.001.4%
Usd Dividend Per Share0.000.0%0.000.0%0.016.8%0.001.4%0.000.7%
Usd Total Gains Per Share-0.03-32.5%-0.03-32.5%0.0111.2%0.001.6%0.002.0%
Usd Price Per Share0.06-0.06-0.03-0.04-0.06-
Price to Earnings Ratio-2.41--2.41--13.27--5.84--50.96-
Price-to-Total Gains Ratio-2.26--2.26-3.46-4.43--0.93-
Price to Book Ratio4.25-4.25-0.78-1.86-15.42-
Price-to-Total Gains Ratio-2.26--2.26-3.46-4.43--0.93-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.0500423
Number of shares19983
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share-0.030.00
Usd Total Gains Per Share-0.030.00
Gains per Quarter (19983 shares)-500.0724.88
Gains per Year (19983 shares)-2,000.2999.52
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10-2000-2010841690
20-4001-401016831190
30-6001-601025247290
40-8001-801033662390
50-10001-1001042078490
60-12002-1201050394590
70-14002-14010587109690
80-16002-16010671125790
90-18003-18010755141890
100-20003-20010839156990

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 Share0.01.00.00.0%1.02.00.033.3%1.04.00.020.0%1.09.00.010.0%1.013.00.07.1%
Book Value Change Per Share0.01.00.00.0%2.01.00.066.7%4.01.00.080.0%7.03.00.070.0%8.06.00.057.1%
Dividend per Share0.00.01.00.0%1.00.02.033.3%1.00.04.020.0%1.00.09.010.0%1.00.013.07.1%
Total Gains per Share0.01.00.00.0%2.01.00.066.7%4.01.00.080.0%7.03.00.070.0%8.06.00.057.1%
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Fundamentals of Altech Batteries Ltd

About Altech Batteries Ltd

Altech Batteries Limited operates as a specialty battery technology company in Australia. It holds interest in the CERENERGY Battery Project, an alternative salt nickel battery for grid storage; Silumina Anodes Project, an alumina coated silicon graphite anode material for batteries; and high purity alumina project. The company was formerly known as Altech Chemicals Limited and changed its name to Altech Batteries Limited in February 2023. The company was incorporated in 2007 and is based in Subiaco, Australia.

Fundamental data was last updated by Penke on 2024-02-29 23:56:04.

Financial Health

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

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is fair priced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.
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1.1. Profitability of Altech Batteries Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Altech Batteries Ltd earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Altech Batteries Ltd to the Specialty Chemicals industry mean.
  • A Net Profit Margin of -286,992.8% means that $-2,869.93 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Altech Batteries Ltd:

  • The MRQ is -286,992.8%. The company is making a huge loss. -2
  • The TTM is -286,992.8%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-286,992.8%TTM-286,992.8%0.0%
TTM-286,992.8%YOY-1,238.1%-285,754.7%
TTM-286,992.8%5Y-6,544.3%-280,448.5%
5Y-6,544.3%10Y-5,380.2%-1,164.1%
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ-286,992.8%4.6%-286,997.4%
TTM-286,992.8%4.1%-286,996.9%
YOY-1,238.1%6.6%-1,244.7%
5Y-6,544.3%6.0%-6,550.3%
10Y-5,380.2%6.0%-5,386.2%
1.1.2. Return on Assets

Shows how efficient Altech Batteries Ltd is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Altech Batteries Ltd to the Specialty Chemicals industry mean.
  • -133.1% Return on Assets means that Altech Batteries Ltd generated $-1.33 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Altech Batteries Ltd:

  • The MRQ is -133.1%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -133.1%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-133.1%TTM-133.1%0.0%
TTM-133.1%YOY-5.9%-127.2%
TTM-133.1%5Y-30.4%-102.7%
5Y-30.4%10Y-32.9%+2.5%
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ-133.1%1.2%-134.3%
TTM-133.1%1.1%-134.2%
YOY-5.9%1.7%-7.6%
5Y-30.4%1.6%-32.0%
10Y-32.9%1.7%-34.6%
1.1.3. Return on Equity

Shows how efficient Altech Batteries Ltd is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Altech Batteries Ltd to the Specialty Chemicals industry mean.
  • -165.9% Return on Equity means Altech Batteries Ltd generated $-1.66 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Altech Batteries Ltd:

  • The MRQ is -165.9%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -165.9%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-165.9%TTM-165.9%0.0%
TTM-165.9%YOY-5.9%-160.0%
TTM-165.9%5Y-37.3%-128.6%
5Y-37.3%10Y-39.3%+2.0%
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ-165.9%2.4%-168.3%
TTM-165.9%2.0%-167.9%
YOY-5.9%3.4%-9.3%
5Y-37.3%2.9%-40.2%
10Y-39.3%2.8%-42.1%
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1.2. Operating Efficiency of Altech Batteries Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Altech Batteries Ltd is operating .

  • Measures how much profit Altech Batteries 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 Altech Batteries Ltd to the Specialty Chemicals industry mean.
  • An Operating Margin of 8,246.6% means the company generated $82.47  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Altech Batteries Ltd:

  • The MRQ is 8,246.6%. The company is operating very efficient. +2
  • The TTM is 8,246.6%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ8,246.6%TTM8,246.6%0.0%
TTM8,246.6%YOY-1,268.6%+9,515.2%
TTM8,246.6%5Y-97,581.8%+105,828.4%
5Y-97,581.8%10Y-51,847.0%-45,734.7%
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ8,246.6%7.6%+8,239.0%
TTM8,246.6%4.8%+8,241.8%
YOY-1,268.6%8.5%-1,277.1%
5Y-97,581.8%8.1%-97,589.9%
10Y-51,847.0%7.4%-51,854.4%
1.2.2. Operating Ratio

Measures how efficient Altech Batteries Ltd is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Specialty Chemicals industry mean).
  • An Operation Ratio of 668.03 means that the operating costs are $668.03 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Altech Batteries Ltd:

  • The MRQ is 668.032. The company is inefficient in keeping operating costs low. -1
  • The TTM is 668.032. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ668.032TTM668.0320.000
TTM668.032YOY13.664+654.367
TTM668.0325Y1,371.005-702.973
5Y1,371.00510Y716.211+654.794
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ668.0321.548+666.484
TTM668.0321.553+666.479
YOY13.6641.529+12.135
5Y1,371.0051.480+1,369.525
10Y716.2111.246+714.965
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1.3. Liquidity of Altech Batteries Ltd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Altech Batteries Ltd is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Specialty Chemicals industry mean).
  • A Current Ratio of 0.98 means the company has $0.98 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Altech Batteries Ltd:

  • The MRQ is 0.980. The company is just not able to pay all its short-term debts. -1
  • The TTM is 0.980. The company is just not able to pay all its short-term debts. -1
Trends
Current periodCompared to+/- 
MRQ0.980TTM0.9800.000
TTM0.980YOY16.607-15.626
TTM0.9805Y5.903-4.923
5Y5.90310Y4.481+1.422
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9801.902-0.922
TTM0.9801.919-0.939
YOY16.6071.895+14.712
5Y5.9031.957+3.946
10Y4.4811.764+2.717
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Altech Batteries Ltd to the Specialty Chemicals industry mean.
  • A Quick Ratio of 0.98 means the company can pay off $0.98 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Altech Batteries Ltd:

  • The MRQ is 0.980. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.980. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.980TTM0.9800.000
TTM0.980YOY16.607-15.626
TTM0.9805Y5.903-4.923
5Y5.90310Y4.481+1.422
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9800.859+0.121
TTM0.9800.897+0.083
YOY16.6070.947+15.660
5Y5.9031.026+4.877
10Y4.4811.013+3.468
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1.4. Solvency of Altech Batteries Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Altech Batteries Ltd assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Altech Batteries Ltd to Specialty Chemicals industry mean.
  • A Debt to Asset Ratio of 0.25 means that Altech Batteries Ltd assets are financed with 24.5% credit (debt) and the remaining percentage (100% - 24.5%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Altech Batteries Ltd:

  • The MRQ is 0.245. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.245. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.245TTM0.2450.000
TTM0.245YOY0.009+0.237
TTM0.2455Y0.091+0.155
5Y0.09110Y0.124-0.034
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2450.427-0.182
TTM0.2450.427-0.182
YOY0.0090.426-0.417
5Y0.0910.434-0.343
10Y0.1240.438-0.314
1.4.2. Debt to Equity Ratio

Measures if Altech Batteries Ltd is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Altech Batteries Ltd to the Specialty Chemicals industry mean.
  • A Debt to Equity ratio of 30.6% means that company has $0.31 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Altech Batteries Ltd:

  • The MRQ is 0.306. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.306. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.306TTM0.3060.000
TTM0.306YOY0.009+0.297
TTM0.3065Y0.107+0.199
5Y0.10710Y0.157-0.050
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3060.757-0.451
TTM0.3060.744-0.438
YOY0.0090.759-0.750
5Y0.1070.801-0.694
10Y0.1570.850-0.693
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2. Market Valuation of Altech Batteries 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 Altech Batteries Ltd generates.

  • Above 15 is considered overpriced but always compare Altech Batteries Ltd to the Specialty Chemicals industry mean.
  • A PE ratio of -2.41 means the investor is paying $-2.41 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Altech Batteries Ltd:

  • The EOD is -2.132. Based on the earnings, the company is expensive. -2
  • The MRQ is -2.409. Based on the earnings, the company is expensive. -2
  • The TTM is -2.409. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-2.132MRQ-2.409+0.277
MRQ-2.409TTM-2.4090.000
TTM-2.409YOY-13.273+10.864
TTM-2.4095Y-5.845+3.436
5Y-5.84510Y-50.958+45.114
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
EOD-2.13215.243-17.375
MRQ-2.40914.127-16.536
TTM-2.40915.094-17.503
YOY-13.27317.979-31.252
5Y-5.84520.274-26.119
10Y-50.95823.940-74.898
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Altech Batteries Ltd:

  • The EOD is -8.196. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -9.261. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -9.261. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-8.196MRQ-9.261+1.064
MRQ-9.261TTM-9.2610.000
TTM-9.261YOY-10.218+0.958
TTM-9.2615Y-8.025-1.235
5Y-8.02510Y-29.294+21.269
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
EOD-8.1964.982-13.178
MRQ-9.2614.577-13.838
TTM-9.2612.275-11.536
YOY-10.218-0.133-10.085
5Y-8.0252.613-10.638
10Y-29.2942.283-31.577
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2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Specialty Chemicals industry mean).
  • A PB ratio of 4.25 means the investor is paying $4.25 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Altech Batteries Ltd:

  • The EOD is 3.758. Based on the equity, the company is fair priced.
  • The MRQ is 4.246. Based on the equity, the company is fair priced.
  • The TTM is 4.246. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD3.758MRQ4.246-0.488
MRQ4.246TTM4.2460.000
TTM4.246YOY0.780+3.466
TTM4.2465Y1.858+2.389
5Y1.85810Y15.421-13.563
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
EOD3.7581.653+2.105
MRQ4.2461.762+2.484
TTM4.2461.848+2.398
YOY0.7802.371-1.591
5Y1.8582.343-0.485
10Y15.4212.789+12.632
2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Altech Batteries Ltd.

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4. Summary

4.1. Key Performance Indicators

The key performance indicators of Altech Batteries 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---0.039-0.0390%0.005-839%0.000-12906%0.002-2483%
Book Value Per Share--0.0200.0200%0.059-65%0.043-52%0.025-18%
Current Ratio--0.9800.9800%16.607-94%5.903-83%4.481-78%
Debt To Asset Ratio--0.2450.2450%0.009+2736%0.091+171%0.124+97%
Debt To Equity Ratio--0.3060.3060%0.009+3409%0.107+186%0.157+95%
Dividend Per Share----0%0.008-100%0.002-100%0.001-100%
Eps---0.036-0.0360%-0.003-90%-0.009-76%-0.005-85%
Free Cash Flow Per Share---0.009-0.0090%-0.005-52%-0.008-16%-0.007-30%
Free Cash Flow To Equity Per Share---0.008-0.0080%0.004-311%0.001-904%0.000-11952%
Gross Profit Margin--1.0151.0150%1.082-6%1.034-2%1.039-2%
Intrinsic Value_10Y_max---0.038--------
Intrinsic Value_10Y_min---0.088--------
Intrinsic Value_1Y_max---0.006--------
Intrinsic Value_1Y_min---0.008--------
Intrinsic Value_3Y_max---0.016--------
Intrinsic Value_3Y_min---0.025--------
Intrinsic Value_5Y_max---0.024--------
Intrinsic Value_5Y_min---0.043--------
Market Cap127306413.696-13%143839714.176143839714.1760%76053182.208+89%103068595.192+40%157512753.673-9%
Net Profit Margin---2869.928-2869.9280%-12.381-100%-65.443-98%-53.802-98%
Operating Margin--82.46682.4660%-12.686+115%-975.818+1283%-518.470+729%
Operating Ratio--668.032668.0320%13.664+4789%1371.005-51%716.211-7%
Pb Ratio3.758-13%4.2464.2460%0.780+445%1.858+129%15.421-72%
Pe Ratio-2.132+11%-2.409-2.4090%-13.273+451%-5.845+143%-50.958+2016%
Price Per Share0.077-13%0.0870.0870%0.046+89%0.062+40%0.095-9%
Price To Free Cash Flow Ratio-8.196+11%-9.261-9.2610%-10.218+10%-8.025-13%-29.294+216%
Price To Total Gains Ratio-2.000+11%-2.259-2.2590%3.463-165%4.425-151%-0.930-59%
Quick Ratio--0.9800.9800%16.607-94%5.903-83%4.481-78%
Return On Assets---1.331-1.3310%-0.059-96%-0.304-77%-0.329-75%
Return On Equity---1.659-1.6590%-0.059-96%-0.373-78%-0.393-76%
Total Gains Per Share---0.039-0.0390%0.013-390%0.002-2110%0.002-1689%
Usd Book Value--22015400.84422015400.8440%63389714.186-65%45792004.822-52%26903976.330-18%
Usd Book Value Change Per Share---0.025-0.0250%0.003-839%0.000-12906%0.001-2483%
Usd Book Value Per Share--0.0130.0130%0.038-65%0.028-52%0.016-18%
Usd Dividend Per Share----0%0.005-100%0.001-100%0.001-100%
Usd Eps---0.023-0.0230%-0.002-90%-0.006-76%-0.003-85%
Usd Free Cash Flow---10094473.615-10094473.6150%-4837052.974-52%-8527923.460-16%-7031266.670-30%
Usd Free Cash Flow Per Share---0.006-0.0060%-0.003-52%-0.005-16%-0.004-30%
Usd Free Cash Flow To Equity Per Share---0.005-0.0050%0.002-311%0.001-904%0.000-11952%
Usd Market Cap82736438.261-13%93481430.24393481430.2430%49426963.117+89%66984280.015+40%102367538.612-9%
Usd Price Per Share0.050-13%0.0570.0570%0.030+89%0.041+40%0.062-9%
Usd Profit---38810380.504-38810380.5040%-3770998.607-90%-9698927.058-75%-5798528.291-85%
Usd Revenue--13523.11913523.1190%304582.134-96%196114.994-93%126639.449-89%
Usd Total Gains Per Share---0.025-0.0250%0.009-390%0.001-2110%0.002-1689%
 EOD+3 -5MRQTTM+0 -0YOY+4 -325Y+6 -3010Y+4 -32

4.2. Fundamental Score

Let's check the fundamental score of Altech Batteries Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-2.132
Price to Book Ratio (EOD)Between0-13.758
Net Profit Margin (MRQ)Greater than0-2,869.928
Operating Margin (MRQ)Greater than082.466
Quick Ratio (MRQ)Greater than10.980
Current Ratio (MRQ)Greater than10.980
Debt to Asset Ratio (MRQ)Less than10.245
Debt to Equity Ratio (MRQ)Less than10.306
Return on Equity (MRQ)Greater than0.15-1.659
Return on Assets (MRQ)Greater than0.05-1.331
Total3/10 (30.0%)

4.3. Technical Score

Let's check the technical score of Altech Batteries Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5055.479
Ma 20Greater thanMa 500.072
Ma 50Greater thanMa 1000.068
Ma 100Greater thanMa 2000.070
OpenGreater thanClose0.075
Total2/5 (40.0%)



Reversals in quarterly reports

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

 2019-06-302020-06-302021-06-302022-06-302023-06-30
Net Debt  -8,2677,434-833-5,812-6,645-4,178-10,82311,530707
EBIT  -6,2874,713-1,574-1,827-3,401-2,544-5,9457,6611,716
EBITDA  -6,2564,703-1,553-1,618-3,170-2,446-5,6167,6802,064
Operating Income  -6,2874,713-1,574-1,827-3,401-2,544-5,9457,6611,716



Latest Balance Sheet

Balance Sheet of 2023-06-30. Currency in AUD. All numbers in thousands.

Summary
Total Assets44,878
Total Liabilities11,003
Total Stockholder Equity35,988
 As reported
Total Liabilities 11,003
Total Stockholder Equity+ 35,988
Total Assets = 44,878

Assets

Total Assets44,878
Total Current Assets6,456
Long-term Assets38,422
Total Current Assets
Cash And Cash Equivalents 3,571
Net Receivables 2,885
Inventory -2,885
Other Current Assets 2,885
Total Current Assets  (as reported)6,456
Total Current Assets  (calculated)6,456
+/-0
Long-term Assets
Property Plant Equipment 17,976
Long Term Investments 17,851
Other Assets 2,596
Long-term Assets  (as reported)38,422
Long-term Assets  (calculated)38,422
+/- 0

Liabilities & Shareholders' Equity

Total Current Liabilities6,585
Long-term Liabilities4,418
Total Stockholder Equity35,988
Total Current Liabilities
Short-term Debt 34
Accounts payable 5,672
Other Current Liabilities 914
Total Current Liabilities  (as reported)6,585
Total Current Liabilities  (calculated)6,620
+/- 34
Long-term Liabilities
Long term Debt Total 4,244
Other Liabilities 174
Long-term Liabilities  (as reported)4,418
Long-term Liabilities  (calculated)4,418
+/- 0
Total Stockholder Equity
Common Stock124,488
Retained Earnings -90,322
Accumulated Other Comprehensive Income 1,823
Total Stockholder Equity (as reported)35,988
Total Stockholder Equity (calculated)35,988
+/-0
Other
Capital Stock124,488
Cash and Short Term Investments 3,571
Common Stock Shares Outstanding 1,095,986
Current Deferred Revenue-34
Liabilities and Stockholders Equity 44,878
Net Debt 707
Net Invested Capital 40,232
Net Tangible Assets 35,988
Net Working Capital -130
Property Plant and Equipment Gross 19,249
Short Long Term Debt Total 4,278



Balance Sheet

Currency in AUD. All numbers in thousands.

 Trend2023-06-302022-06-302021-06-302020-06-302019-06-302018-06-302017-06-302016-06-302015-06-302014-06-302013-06-302012-06-302011-06-302010-06-302009-06-30
> Total Assets 
110
8,736
8,065
7,695
7,421
3,869
3,780
6,800
24,784
34,681
68,576
77,414
89,767
98,388
44,878
44,87898,38889,76777,41468,57634,68124,7846,8003,7803,8697,4217,6958,0658,736110
   > Total Current Assets 
0
7,959
6,731
5,429
3,517
1,967
1,549
2,378
1,500
317
8,315
1,202
6,976
11,416
6,456
6,45611,4166,9761,2028,3153171,5002,3781,5491,9673,5175,4296,7317,9590
       Cash And Cash Equivalents 
5
7,926
6,580
4,956
2,827
1,784
575
1,619
1,432
261
8,267
833
6,729
10,913
3,571
3,57110,9136,7298338,2672611,4321,6195751,7842,8274,9566,5807,9265
       Net Receivables 
0
28
144
473
690
183
974
759
67
55
48
369
247
503
2,885
2,885503247369485567759974183690473144280
       Other Current Assets 
0
6
8
0
0
0
0
151
0
17
17
369
247
503
2,885
2,885503247369171701510000860
   > Long-term Assets 
0
776
1,334
2,267
3,904
1,902
2,231
4,422
23,284
34,365
60,262
76,213
82,791
86,972
38,422
38,42286,97282,79176,21360,26234,36523,2844,4222,2311,9023,9042,2671,3347760
       Property Plant Equipment 
106
776
1,334
2,267
3,904
1,902
2,231
4,422
23,284
34,365
60,262
73,321
73,196
76,412
17,976
17,97676,41273,19673,32160,26234,36523,2844,4222,2311,9023,9042,2671,334776106
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
2,891
2,085
3,351
17,851
17,8513,3512,0852,89100000000000
       Intangible Assets 
0
0
0
0
0
0
1,780
3,825
17,198
25,776
33,204
36,628
36,464
37,679
0
037,67936,46436,62833,20425,77617,1983,8251,780000000
       Other Assets 
0
0
0
0
0
0
0
0
0
0
0
0
7,510
7,209
2,596
2,5967,2097,510000000000000
> Total Liabilities 
110
117
102
260
260
235
1,043
463
7,210
3,292
5,171
8,859
840
851
11,003
11,0038518408,8595,1713,2927,2104631,043235260260102117110
   > Total Current Liabilities 
110
117
102
260
260
235
1,043
463
7,210
3,253
5,100
8,795
686
687
6,585
6,5856876868,7955,1003,2537,2104631,043235260260102117110
       Short-term Debt 
0
0
0
0
0
0
815
0
0
0
0
-1,967
31
55
34
345531-1,9670000815000000
       Short Long Term Debt 
0
0
0
0
0
0
815
0
0
0
0
0
0
0
0
00000000815000000
       Accounts payable 
0
109
7
29
104
169
181
348
1,933
2,083
4,629
4,855
209
290
5,672
5,6722902094,8554,6292,0831,9333481811691042971090
       Other Current Liabilities 
0
9
94
231
3
66
35
16
48
1,170
471
1,974
477
398
914
9143984771,9744711,1704816356632319490
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
39
71
64
154
163
4,418
4,418163154647139000000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
53
35
4,244
4,2443553000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
33
39
71
64
101
129
174
1741291016471393300000000
> Total Stockholder Equity
0
8,618
7,963
7,435
7,161
3,634
2,736
6,337
17,574
31,389
63,406
68,555
88,927
97,610
35,988
35,98897,61088,92768,55563,40631,38917,5746,3372,7363,6347,1617,4357,9638,6180
   Common Stock
0
8,805
8,805
8,806
9,403
9,423
9,796
13,868
28,366
45,722
81,167
89,707
107,510
124,488
124,488
124,488124,488107,51089,70781,16745,72228,36613,8689,7969,4239,4038,8068,8058,8050
   Retained Earnings Total Equity000000000000000
   Accumulated Other Comprehensive Income 
0
428
695
921
1,406
1,480
1,901
2,662
3,193
4,219
6,975
7,104
7,347
3,727
1,823
1,8233,7277,3477,1046,9754,2193,1932,6621,9011,4801,4069216954280
   Capital Surplus 000000000000000
   Treasury Stock000000000000000
   Other Stockholders Equity 
0
0
0
0
0
1,480
1,901
2,662
3,193
4,219
6,975
-61,451
-80,037
-93,883
-34,166
-34,166-93,883-80,037-61,4516,9754,2193,1932,6621,9011,48000000



Balance Sheet

Currency in AUD. All numbers in thousands.




Cash Flow

Currency in AUD. All numbers in thousands.




Income Statement

Currency in AUD. All numbers in thousands.


Latest Income Statement (annual, 2023-06-30)

Gross Profit (+$)
totalRevenue21
Cost of Revenue-348
Gross Profit-327-327
 
Operating Income (+$)
Gross Profit-327
Operating Expense-13,553
Operating Income1,716-13,880
 
Operating Expense (+$)
Research Development3,749
Selling General Administrative7,638
Selling And Marketing Expenses877
Operating Expense13,55312,263
 
Net Interest Income (+$)
Interest Income14,915
Interest Expense-57
Other Finance Cost-14,681
Net Interest Income177
 
Pretax Income (+$)
Operating Income1,716
Net Interest Income177
Other Non-Operating Income Expenses-
Income Before Tax (EBT)-62,29950,640
EBIT - interestExpense = 1,659
-60,237
-59,660
Interest Expense57
Earnings Before Interest and Taxes (EBIT)1,716-62,242
Earnings Before Interest and Taxes (EBITDA)2,064
 
After tax Income (+$)
Income Before Tax-62,299
Tax Provision--519
Net Income From Continuing Ops-61,780-61,780
Net Income-59,717
Net Income Applicable To Common Shares-59,717
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses13,553
Total Other Income/Expenses Net-48,924-177
 

Technical Analysis of Altech Batteries 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 Altech Batteries Ltd. The general trend of Altech Batteries Ltd is BULLISH with 28.6% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Altech Batteries 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 (28.6%) Bearish trend (-28.6%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

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

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


Score

Let's take a look at the Support & Resistance of Altech Batteries Ltd.

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

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

The bullish price targets are: 0.095 < 0.0966 < 0.099.

The bearish price targets are: 0.074 > 0.073 > 0.072.

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Altech Batteries 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 Altech Batteries Ltd. The current mas is .

The long score for the Moving Averages is 9/14.
The longshort score for the Moving Averages is 4/(-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 lower than the MA 200. -1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending 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 lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -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

Altech Batteries 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 Altech Batteries Ltd. The current macd is 0.00341613.

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

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Altech Batteries Ltd price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Altech Batteries Ltd. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Altech Batteries Ltd price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Altech Batteries Ltd Daily Moving Average Convergence/Divergence (MACD) ChartAltech Batteries 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 Altech Batteries Ltd. The current adx is 26.10.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-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 Altech Batteries Ltd shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2
Altech Batteries 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 Altech Batteries Ltd. The current sar is 0.09228509.

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
Altech Batteries Ltd Daily Parabolic SAR Chart
3rd Party Ad. No recommendation by Penke. PLUS is ad-free.

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 Altech Batteries Ltd. The current rsi is 55.48. The current phase is Continuation in bull market.

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

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
Altech Batteries Ltd Daily Relative Strength Index (RSI) ChartAltech Batteries 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 Altech Batteries Ltd. The current phase is Correction in bull market.

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

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Altech Batteries Ltd price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Altech Batteries Ltd Daily Stochastic Oscillator ChartAltech Batteries 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 Altech Batteries Ltd. The current cci is 25.60.

Altech Batteries Ltd Daily Commodity Channel Index (CCI) ChartAltech Batteries 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 Altech Batteries Ltd. The current cmo is 9.16418778.

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
Altech Batteries Ltd Daily Chande Momentum Oscillator (CMO) ChartAltech Batteries 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 Altech Batteries Ltd. The current willr is -51.42857143.

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

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

Altech Batteries 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 Altech Batteries Ltd. The current atr is 0.00504282.

Altech Batteries Ltd Daily Average True Range (ATR) ChartAltech Batteries Ltd Daily Average True Range (ATR) Chart
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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 Altech Batteries Ltd. The current obv is -41,168,146.

Altech Batteries Ltd Daily On-Balance Volume (OBV) ChartAltech Batteries 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 Altech Batteries Ltd. The current mfi is 74.87.

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
Altech Batteries Ltd Daily Money Flow Index (MFI) ChartAltech Batteries Ltd Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Altech Batteries Ltd.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-10-11WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-10-12CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-10-16STOCH LONG EXITThe %K line crosses below the %D line.
2023-10-20DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-10-23MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-10-25WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-10-27STOCH SHORT EXITThe %K line crosses above the %D line.
2023-10-31STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-03MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-06WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
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
2023-11-09STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-14STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE