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Headwater Exploration Inc
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Let's analyse Headwater Exploration Inc together

PenkeI guess you are interested in Headwater Exploration Inc. 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 Headwater Exploration Inc. 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 Headwater Exploration Inc (30 sec.)










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

How much money do you get?

How much money do you get?
€0.29
When do you have the money?
1 year
How often do you get paid?
17.9%

What is your share worth?

Current worth
€2.48
Expected worth in 1 year
€2.75
How sure are you?
71.4%

+ What do you gain per year?

Total Gains per Share
€0.54
Return On Investment
12.1%

For what price can you sell your share?

Current Price per Share
€4.44
Expected price per share
€4.38 - €4.5951
How sure are you?
50%
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1. Valuation of Headwater Exploration Inc (5 min.)




Live pricePrice per Share (EOD)

€4.44

Intrinsic Value Per Share

€1.98 - €2.39

Total Value Per Share

€4.46 - €4.87

2. Growth of Headwater Exploration Inc (5 min.)




Is Headwater Exploration Inc growing?

Current yearPrevious yearGrowGrow %
How rich?$635m$501.7m$104.2m17.2%

How much money is Headwater Exploration Inc making?

Current yearPrevious yearGrowGrow %
Making money$27.7m$27.7m$26.8k0.1%
Net Profit Margin31.1%35.4%--

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

3. Financial Health of Headwater Exploration Inc (5 min.)




4. Comparing to competitors in the Oil & Gas E&P industry (5 min.)




  Industry Rankings (Oil & Gas E&P)  


Richest
#106 / 367

Most Revenue
#118 / 367

Most Profit
#91 / 367
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What can you expect buying and holding a share of Headwater Exploration Inc? (5 min.)

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

What can you expect buying and holding a share of Headwater Exploration Inc?

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

Speculation

The Price per Share of Headwater Exploration Inc is €4.44. 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 Headwater Exploration Inc.
  • 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 Headwater Exploration Inc, 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 €2.48. Based on the TTM, the Book Value Change Per Share is €0.07 per quarter. Based on the YOY, the Book Value Change Per Share is €0.24 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is €0.07 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Headwater Exploration Inc.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 % of Price per Share% of Price per Share% of Price per Share% of Price per Share% of Price per Share
Usd Eps0.163.5%0.122.7%0.122.6%0.051.2%0.040.9%
Usd Book Value Change Per Share0.132.8%0.071.6%0.265.9%0.112.5%0.102.2%
Usd Dividend Per Share0.071.7%0.071.7%0.020.4%0.020.4%0.010.3%
Usd Total Gains Per Share0.204.5%0.143.3%0.286.3%0.132.9%0.112.5%
Usd Price Per Share5.41-4.75-4.42-2.60-1.97-
Price to Earnings Ratio8.70-10.35-9.68--3.24--2.55-
Price-to-Total Gains Ratio27.03-34.53-18.13--11.00--8.98-
Price to Book Ratio2.01-1.85-2.10-1.61-1.39-
Price-to-Total Gains Ratio27.03-34.53-18.13--11.00--8.98-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share4.800528
Number of shares208
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.070.02
Usd Book Value Change Per Share0.070.11
Usd Total Gains Per Share0.140.13
Gains per Quarter (208 shares)30.1626.75
Gains per Year (208 shares)120.62107.01
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
16159111159297
212311923231183204
318417835346275311
424523747461367418
530629759577458525
636835671692550632
7429415837107642739
8490475958123734846
95525341079138825953
1061359312001539171060

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%11.01.00.091.7%14.06.00.070.0%19.09.00.067.9%19.09.00.067.9%
Book Value Change Per Share4.00.00.0100.0%11.01.00.091.7%15.05.00.075.0%20.08.00.071.4%20.08.00.071.4%
Dividend per Share4.00.00.0100.0%5.00.07.041.7%5.00.015.025.0%5.00.023.017.9%5.00.023.017.9%
Total Gains per Share4.00.00.0100.0%11.01.00.091.7%15.05.00.075.0%20.08.00.071.4%20.08.00.071.4%
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Fundamentals of Headwater Exploration Inc

About Headwater Exploration Inc

Headwater Exploration Inc. engages in the exploration, development, and production of petroleum and natural gas in Canada. It holds interest in the Marten Hills area located in Alberta; and McCully Field area located in New Brunswick. The company was formerly known as Corridor Resources Inc. and changed its name to Headwater Exploration Inc. in March 2020. Headwater Exploration Inc. incorporated in 1996 and is headquartered in Calgary, Canada.

Fundamental data was last updated by Penke on 2024-02-01 13:19:07.

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 able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is underpriced.
Based on how much money comes from the company's main activities, the company is overpriced.
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1.1. Profitability of Headwater Exploration Inc.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Headwater Exploration Inc earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare Headwater Exploration Inc to the Oil & Gas E&P industry mean.
  • A Net Profit Margin of 33.2% means that €0.33 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Headwater Exploration Inc:

  • The MRQ is 33.2%. The company is making a huge profit. +2
  • The TTM is 31.1%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ33.2%TTM31.1%+2.1%
TTM31.1%YOY35.4%-4.3%
TTM31.1%5Y10.3%+20.8%
5Y10.3%10Y-96.4%+106.7%
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ33.2%8.4%+24.8%
TTM31.1%14.2%+16.9%
YOY35.4%19.4%+16.0%
5Y10.3%-18.4%+28.7%
10Y-96.4%-35.4%-61.0%
1.1.2. Return on Assets

Shows how efficient Headwater Exploration Inc is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Headwater Exploration Inc to the Oil & Gas E&P industry mean.
  • 4.1% Return on Assets means that Headwater Exploration Inc generated €0.04 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Headwater Exploration Inc:

  • The MRQ is 4.1%. Using its assets, the company is less efficient in making profit.
  • The TTM is 3.3%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ4.1%TTM3.3%+0.8%
TTM3.3%YOY4.4%-1.0%
TTM3.3%5Y1.9%+1.4%
5Y1.9%10Y1.9%+0.0%
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ4.1%0.3%+3.8%
TTM3.3%0.7%+2.6%
YOY4.4%2.1%+2.3%
5Y1.9%-1.2%+3.1%
10Y1.9%-2.3%+4.2%
1.1.3. Return on Equity

Shows how efficient Headwater Exploration Inc is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Headwater Exploration Inc to the Oil & Gas E&P industry mean.
  • 5.8% Return on Equity means Headwater Exploration Inc generated €0.06 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Headwater Exploration Inc:

  • The MRQ is 5.8%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 4.6%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ5.8%TTM4.6%+1.2%
TTM4.6%YOY5.6%-1.0%
TTM4.6%5Y2.5%+2.1%
5Y2.5%10Y2.3%+0.1%
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ5.8%1.4%+4.4%
TTM4.6%2.4%+2.2%
YOY5.6%4.8%+0.8%
5Y2.5%-2.6%+5.1%
10Y2.3%-4.1%+6.4%
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1.2. Operating Efficiency of Headwater Exploration Inc.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Headwater Exploration Inc is operating .

  • Measures how much profit Headwater Exploration Inc 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 Headwater Exploration Inc to the Oil & Gas E&P 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 Headwater Exploration Inc:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM19.6%-19.6%
TTM19.6%YOY46.4%-26.7%
TTM19.6%5Y33.4%-13.8%
5Y33.4%10Y-70.9%+104.3%
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ-22.2%-22.2%
TTM19.6%17.0%+2.6%
YOY46.4%33.4%+13.0%
5Y33.4%-3.1%+36.5%
10Y-70.9%-15.6%-55.3%
1.2.2. Operating Ratio

Measures how efficient Headwater Exploration Inc is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Oil & Gas E&P industry mean).
  • An Operation Ratio of 1.06 means that the operating costs are €1.06 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Headwater Exploration Inc:

  • The MRQ is 1.056. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.150. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.056TTM1.150-0.095
TTM1.150YOY0.948+0.203
TTM1.1505Y1.599-0.449
5Y1.59910Y2.762-1.163
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0560.996+0.060
TTM1.1500.968+0.182
YOY0.9480.739+0.209
5Y1.5991.061+0.538
10Y2.7621.162+1.600
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1.3. Liquidity of Headwater Exploration Inc.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Headwater Exploration Inc is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Oil & Gas E&P industry mean).
  • A Current Ratio of 1.31 means the company has €1.31 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Headwater Exploration Inc:

  • The MRQ is 1.307. The company is just able to pay all its short-term debts.
  • The TTM is 1.604. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.307TTM1.604-0.297
TTM1.604YOY2.315-0.711
TTM1.6045Y29.625-28.021
5Y29.62510Y33.474-3.849
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3071.109+0.198
TTM1.6041.192+0.412
YOY2.3151.288+1.027
5Y29.6251.330+28.295
10Y33.4741.666+31.808
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Headwater Exploration Inc to the Oil & Gas E&P industry mean.
  • A Quick Ratio of 0.37 means the company can pay off €0.37 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Headwater Exploration Inc:

  • The MRQ is 0.366. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.349. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.366TTM0.349+0.016
TTM0.349YOY0.557-0.208
TTM0.3495Y2.186-1.836
5Y2.18610Y1.838+0.347
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3660.677-0.311
TTM0.3490.697-0.348
YOY0.5570.816-0.259
5Y2.1860.836+1.350
10Y1.8381.013+0.825
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1.4. Solvency of Headwater Exploration Inc.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Headwater Exploration Inc assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Headwater Exploration Inc to Oil & Gas E&P industry mean.
  • A Debt to Asset Ratio of 0.28 means that Headwater Exploration Inc assets are financed with 28.3% credit (debt) and the remaining percentage (100% - 28.3%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Headwater Exploration Inc:

  • The MRQ is 0.283. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.270. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.283TTM0.270+0.014
TTM0.270YOY0.211+0.058
TTM0.2705Y0.178+0.091
5Y0.17810Y0.154+0.024
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2830.413-0.130
TTM0.2700.420-0.150
YOY0.2110.437-0.226
5Y0.1780.473-0.295
10Y0.1540.451-0.297
1.4.2. Debt to Equity Ratio

Measures if Headwater Exploration Inc is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Headwater Exploration Inc to the Oil & Gas E&P industry mean.
  • A Debt to Equity ratio of 39.5% means that company has €0.40 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Headwater Exploration Inc:

  • The MRQ is 0.395. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.369. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.395TTM0.369+0.026
TTM0.369YOY0.268+0.101
TTM0.3695Y0.228+0.142
5Y0.22810Y0.192+0.036
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3950.600-0.205
TTM0.3690.609-0.240
YOY0.2680.723-0.455
5Y0.2280.849-0.621
10Y0.1920.784-0.592
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2. Market Valuation of Headwater Exploration Inc

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 Headwater Exploration Inc generates.

  • Above 15 is considered overpriced but always compare Headwater Exploration Inc to the Oil & Gas E&P industry mean.
  • A PE ratio of 8.70 means the investor is paying €8.70 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Headwater Exploration Inc:

  • The EOD is 7.724. Based on the earnings, the company is underpriced. +1
  • The MRQ is 8.698. Based on the earnings, the company is underpriced. +1
  • The TTM is 10.349. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD7.724MRQ8.698-0.974
MRQ8.698TTM10.349-1.651
TTM10.349YOY9.684+0.665
TTM10.3495Y-3.238+13.587
5Y-3.23810Y-2.549-0.689
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
EOD7.7241.789+5.935
MRQ8.6982.020+6.678
TTM10.3491.227+9.122
YOY9.6840.972+8.712
5Y-3.238-1.169-2.069
10Y-2.549-0.892-1.657
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Headwater Exploration Inc:

  • The EOD is 24.982. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 28.132. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 52.861. Based on how much money comes from the company's main activities, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD24.982MRQ28.132-3.151
MRQ28.132TTM52.861-24.729
TTM52.861YOY19.224+33.637
TTM52.8615Y15.928+36.934
5Y15.92810Y11.377+4.551
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
EOD24.982-0.227+25.209
MRQ28.132-0.500+28.632
TTM52.861-1.172+54.033
YOY19.2240.015+19.209
5Y15.928-2.258+18.186
10Y11.377-4.332+15.709
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2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Oil & Gas E&P industry mean).
  • A PB ratio of 2.01 means the investor is paying €2.01 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Headwater Exploration Inc:

  • The EOD is 1.787. Based on the equity, the company is underpriced. +1
  • The MRQ is 2.012. Based on the equity, the company is underpriced. +1
  • The TTM is 1.851. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.787MRQ2.012-0.225
MRQ2.012TTM1.851+0.161
TTM1.851YOY2.101-0.250
TTM1.8515Y1.611+0.239
5Y1.61110Y1.388+0.223
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
EOD1.7871.042+0.745
MRQ2.0121.142+0.870
TTM1.8511.142+0.709
YOY2.1011.419+0.682
5Y1.6111.277+0.334
10Y1.3881.507-0.119
2. Total Gains per Share
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3. Summary

3.1. Key Performance Indicators

The key performance indicators of Headwater Exploration Inc 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--0.1170.066+77%0.243-52%0.102+15%0.089+32%
Book Value Per Share--2.4852.371+5%1.963+27%1.317+89%1.065+133%
Current Ratio--1.3071.604-19%2.315-44%29.625-96%33.474-96%
Debt To Asset Ratio--0.2830.270+5%0.211+34%0.178+59%0.154+84%
Debt To Equity Ratio--0.3950.369+7%0.268+47%0.228+74%0.192+106%
Dividend Per Share--0.0680.068+0%0.017+301%0.017+301%0.012+461%
Eps--0.1440.109+31%0.109+32%0.048+196%0.037+288%
Free Cash Flow Per Share--0.0440.009+381%0.022+106%-0.004+109%-0.004+109%
Free Cash Flow To Equity Per Share---0.024-0.040+68%0.047-150%0.001-3513%0.001-3513%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--2.389--------
Intrinsic Value_10Y_min--1.975--------
Intrinsic Value_1Y_max--0.017--------
Intrinsic Value_1Y_min--0.017--------
Intrinsic Value_3Y_max--0.222--------
Intrinsic Value_3Y_min--0.208--------
Intrinsic Value_5Y_max--0.630--------
Intrinsic Value_5Y_min--0.570--------
Market Cap1049544960.000-13%1181920525.0001038907811.250+14%966810560.000+22%569389986.250+108%431164434.750+174%
Net Profit Margin--0.3320.311+7%0.354-6%0.103+224%-0.964+390%
Operating Margin---0.196-100%0.464-100%0.334-100%-0.7090%
Operating Ratio--1.0561.150-8%0.948+11%1.599-34%2.762-62%
Pb Ratio1.787-13%2.0121.851+9%2.101-4%1.611+25%1.388+45%
Pe Ratio7.724-13%8.69810.349-16%9.684-10%-3.238+137%-2.549+129%
Price Per Share4.440-13%5.0004.395+14%4.090+22%2.409+108%1.824+174%
Price To Free Cash Flow Ratio24.982-13%28.13252.861-47%19.224+46%15.928+77%11.377+147%
Price To Total Gains Ratio24.001-13%27.02834.533-22%18.131+49%-10.999+141%-8.975+133%
Quick Ratio--0.3660.349+5%0.557-34%2.186-83%1.838-80%
Return On Assets--0.0410.033+24%0.044-5%0.019+118%0.019+122%
Return On Equity--0.0580.046+26%0.056+4%0.025+133%0.023+148%
Total Gains Per Share--0.1850.134+38%0.260-29%0.119+56%0.101+83%
Usd Book Value--635075256.000605919076.200+5%501701127.000+27%336493280.460+89%272157849.129+133%
Usd Book Value Change Per Share--0.1260.071+77%0.262-52%0.110+15%0.096+32%
Usd Book Value Per Share--2.6872.563+5%2.122+27%1.424+89%1.151+133%
Usd Dividend Per Share--0.0740.074+0%0.018+301%0.018+301%0.013+461%
Usd Eps--0.1550.118+31%0.117+32%0.052+196%0.040+288%
Usd Free Cash Flow--11356025.2422359184.671+381%5503901.687+106%-729306.712+106%-520933.366+105%
Usd Free Cash Flow Per Share--0.0480.010+381%0.023+106%-0.004+109%-0.004+109%
Usd Free Cash Flow To Equity Per Share---0.025-0.043+68%0.051-150%0.001-3513%0.001-3513%
Usd Market Cap1134768010.752-13%1277892471.6301123267125.524+14%1045315577.472+22%615624453.134+108%466174986.852+174%
Usd Price Per Share4.801-13%5.4064.752+14%4.422+22%2.604+108%1.972+174%
Usd Profit--36727426.16727797124.807+32%27770324.292+32%12352856.546+197%9447590.912+289%
Usd Revenue--110626612.56289122803.241+24%78421819.559+41%38607084.928+187%28172992.132+293%
Usd Total Gains Per Share--0.2000.145+38%0.281-29%0.129+56%0.109+83%
 EOD+4 -4MRQTTM+28 -7YOY+19 -165Y+24 -1110Y+24 -10

3.2. Fundamental Score

Let's check the fundamental score of Headwater Exploration Inc based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-157.724
Price to Book Ratio (EOD)Between0-11.787
Net Profit Margin (MRQ)Greater than00.332
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.366
Current Ratio (MRQ)Greater than11.307
Debt to Asset Ratio (MRQ)Less than10.283
Debt to Equity Ratio (MRQ)Less than10.395
Return on Equity (MRQ)Greater than0.150.058
Return on Assets (MRQ)Greater than0.050.041
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of Headwater Exploration Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5060.804
Ma 20Greater thanMa 504.312
Ma 50Greater thanMa 1004.255
Ma 100Greater thanMa 2004.505
OpenGreater thanClose4.460
Total4/5 (80.0%)



Latest Balance Sheet

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

Summary
Total Assets819,617
Total Liabilities232,237
Total Stockholder Equity587,380
 As reported
Total Liabilities 232,237
Total Stockholder Equity+ 587,380
Total Assets = 819,617

Assets

Total Assets819,617
Total Current Assets184,994
Long-term Assets634,623
Total Current Assets
Cash And Cash Equivalents 129,002
Net Receivables 51,721
Inventory 972
Total Current Assets  (as reported)184,994
Total Current Assets  (calculated)181,695
+/- 3,299
Long-term Assets
Property Plant Equipment 633,184
Long-term Assets Other 335
Long-term Assets  (as reported)634,623
Long-term Assets  (calculated)633,519
+/- 1,104

Liabilities & Shareholders' Equity

Total Current Liabilities141,498
Long-term Liabilities90,739
Total Stockholder Equity587,380
Total Current Liabilities
Accounts payable 96,573
Other Current Liabilities 197
Total Current Liabilities  (as reported)141,498
Total Current Liabilities  (calculated)96,770
+/- 44,728
Long-term Liabilities
Capital Lease Obligations Min Short Term Debt916
Long-term Liabilities  (as reported)90,739
Long-term Liabilities  (calculated)916
+/- 89,823
Total Stockholder Equity
Retained Earnings 86,704
Total Stockholder Equity (as reported)587,380
Total Stockholder Equity (calculated)86,704
+/- 500,676
Other
Capital Stock482,807
Common Stock Shares Outstanding 236,384
Net Invested Capital 587,380
Net Working Capital 43,496
Property Plant and Equipment Gross 1,091,396



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-31
> Total Assets 
104,618
105,316
103,508
107,849
124,360
127,921
117,773
116,449
125,301
127,927
127,408
126,626
128,271
169,620
169,376
168,791
300,685
343,613
352,684
410,825
488,807
559,019
625,679
685,949
734,742
752,243
763,962
819,617
819,617763,962752,243734,742685,949625,679559,019488,807410,825352,684343,613300,685168,791169,376169,620128,271126,626127,408127,927125,301116,449117,773127,921124,360107,849103,508105,316104,618
   > Total Current Assets 
30,543
34,066
32,218
50,185
51,008
58,534
57,589
56,510
59,691
65,127
64,534
62,967
66,412
115,598
114,767
113,637
85,167
96,484
97,019
109,335
147,720
153,900
209,015
211,614
221,593
195,423
169,318
184,994
184,994169,318195,423221,593211,614209,015153,900147,720109,33597,01996,48485,167113,637114,767115,59866,41262,96764,53465,12759,69156,51057,58958,53451,00850,18532,21834,06630,543
       Cash And Cash Equivalents 
27,272
30,669
30,755
48,892
46,177
54,950
56,093
55,378
53,652
60,659
61,629
61,253
60,957
111,634
81,944
112,672
76,772
81,643
79,923
84,132
114,703
94,803
144,836
167,421
175,447
154,845
128,955
129,002
129,002128,955154,845175,447167,421144,83694,803114,70384,13279,92381,64376,772112,67281,944111,63460,95761,25361,62960,65953,65255,37856,09354,95046,17748,89230,75530,66927,272
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
30,847
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000030,84700000000000000
       Net Receivables 
2,169
2,069
152
136
3,956
2,481
320
120
4,222
2,883
840
66
3,007
2,502
516
228
5,475
13,210
15,644
22,241
30,601
49,624
56,113
36,346
43,141
37,217
38,077
51,721
51,72138,07737,21743,14136,34656,11349,62430,60122,24115,64413,2105,4752285162,5023,007668402,8834,2221203202,4813,9561361522,0692,169
       Other Current Assets 
989
989
926
926
775
804
804
804
1,637
1,236
1,473
1,359
2,161
1,030
879
350
1,901
590
469
1,598
1,120
5,915
5,480
6,061
769
0
404
0
040407696,0615,4805,9151,1201,5984695901,9013508791,0302,1611,3591,4731,2361,637804804804775926926989989
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
62,800
62,874
63,659
61,859
54,022
54,609
55,154
215,518
247,129
255,665
301,490
341,087
405,119
416,664
474,335
513,149
556,820
594,644
634,623
634,623594,644556,820513,149474,335416,664405,119341,087301,490255,665247,129215,51855,15454,60954,02261,85963,65962,87462,800000000000
       Property Plant Equipment 
59,694
56,914
56,929
57,217
70,487
68,915
57,334
57,101
61,184
59,827
59,729
60,081
58,223
50,736
51,323
51,868
215,183
246,794
255,330
301,155
340,752
404,784
415,658
473,329
511,710
555,381
593,205
633,184
633,184593,205555,381511,710473,329415,658404,784340,752301,155255,330246,794215,18351,86851,32350,73658,22360,08159,72959,82761,18457,10157,33468,91570,48757,21756,92956,91459,694
       Long Term Investments 
13,898
13,865
13,902
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000000000000013,90213,86513,898
       Intangible Assets 
103
91
79
67
55
43
31
19
7
3
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000003719314355677991103
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
380
380
350
350
54,022
0
0
335
335
335
335
335
335
335
335
335
335
335
335
3353353353353353353353353353353353350054,022350350380380000000000
> Total Liabilities 
10,814
9,593
9,247
9,718
12,619
10,594
10,566
10,971
13,601
13,159
13,260
13,834
13,961
12,385
12,990
13,643
31,655
86,152
84,493
115,297
91,016
117,871
133,534
160,943
191,407
201,083
204,183
232,237
232,237204,183201,083191,407160,943133,534117,87191,016115,29784,49386,15231,65513,64312,99012,38513,96113,83413,26013,15913,60110,97110,56610,59412,6199,7189,2479,59310,814
   > Total Current Liabilities 
1,178
840
422
597
4,090
1,542
1,370
2,224
2,501
1,093
790
908
1,790
1,398
1,049
1,101
14,639
67,797
64,433
92,845
57,945
76,778
81,914
98,233
112,160
118,008
114,553
141,498
141,498114,553118,008112,16098,23381,91476,77857,94592,84564,43367,79714,6391,1011,0491,3981,7909087901,0932,5012,2241,3701,5424,0905974228401,178
       Short-term Debt 
0
0
0
0
0
0
0
0
0
124
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000000124000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
124
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000000124000000000
       Accounts payable 
385
703
341
421
2,062
1,048
417
533
1,731
687
367
498
1,378
1,300
953
911
4,105
37,828
26,820
44,834
52,970
66,384
62,434
74,676
71,404
85,380
80,164
96,573
96,57380,16485,38071,40474,67662,43466,38452,97044,83426,82037,8284,1059119531,3001,3784983676871,7315334171,0482,062421341703385
       Other Current Liabilities 
279
0
-10
56
1,512
287
724
1,436
0
0
0
0
0
0
0
131
10,305
29,680
37,230
47,219
3,924
9,331
18,005
22,139
39,305
0
32,475
197
19732,475039,30522,13918,0059,3313,92447,21937,23029,68010,30513100000001,4367242871,51256-100279
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
12,066
12,470
12,926
12,171
10,987
11,941
12,542
17,016
18,355
20,060
22,452
33,071
41,093
51,620
62,710
79,247
83,075
89,630
90,739
90,73989,63083,07579,24762,71051,62041,09333,07122,45220,06018,35517,01612,54211,94110,98712,17112,92612,47012,066000000000
       Capital Lease Obligations Min Short Term Debt
0
0
0
0
0
0
0
0
0
201
360
320
285
249
232
164
436
403
465
1,192
1,550
1,338
1,281
1,059
861
674
484
916
9164846748611,0591,2811,3381,5501,192465403436164232249285320360201000000000
> Total Stockholder Equity
93,804
95,723
94,261
98,131
111,741
117,327
107,207
105,478
111,700
114,768
114,148
112,792
114,310
157,235
156,386
155,148
269,030
257,461
268,191
295,528
397,791
441,148
492,145
525,006
543,335
551,160
559,779
587,380
587,380559,779551,160543,335525,006492,145441,148397,791295,528268,191257,461269,030155,148156,386157,235114,310112,792114,148114,768111,700105,478107,207117,327111,74198,13194,26195,72393,804
   Common Stock
247,685
247,704
247,704
247,704
247,704
247,704
247,704
247,761
247,855
247,881
247,435
247,332
247,332
290,328
290,946
290,946
387,393
387,950
395,870
396,099
469,521
472,007
476,622
476,632
479,157
0
481,968
0
0481,9680479,157476,632476,622472,007469,521396,099395,870387,950387,393290,946290,946290,328247,332247,332247,435247,881247,855247,761247,704247,704247,704247,704247,704247,704247,685
   Retained Earnings 
-164,628
-162,803
-164,313
-160,487
-146,889
-141,320
-151,447
-153,307
-147,203
-144,243
-144,517
-145,835
-144,388
-151,198
-152,877
-154,600
-137,681
-150,474
-145,886
-119,780
-91,853
-49,490
-1,078
30,467
46,864
53,304
60,665
86,704
86,70460,66553,30446,86430,467-1,078-49,490-91,853-119,780-145,886-150,474-137,681-154,600-152,877-151,198-144,388-145,835-144,517-144,243-147,203-153,307-151,447-141,320-146,889-160,487-164,313-162,803-164,628
   Capital Surplus 0000000000000000000000000000
   Treasury Stock0000000000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
0
0
0
7,680
7,680
7,680
7,659
7,512
5,512
5,449
5,437
3,037
1,233
1,233
2
0
0
0
00021,2331,2333,0375,4375,4495,5127,5127,6597,6807,6807,6800000000000000



Balance Sheet

Currency in EUR. All numbers in thousands.




Cash Flow

Currency in CAD. All numbers in thousands.




Income Statement

Currency in CAD. All numbers in thousands.


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

Gross Profit (+$)
totalRevenue482,185
Cost of Revenue-238,264
Gross Profit243,921243,921
 
Operating Income (+$)
Gross Profit243,921
Operating Expense-312,340
Operating Income169,845-68,419
 
Operating Expense (+$)
Research Development-
Selling General Administrative13,932
Selling And Marketing Expenses-
Operating Expense312,34013,932
 
Net Interest Income (+$)
Interest Income6,719
Interest Expense-1,153
Other Finance Cost-0
Net Interest Income5,566
 
Pretax Income (+$)
Operating Income169,845
Net Interest Income5,566
Other Non-Operating Income Expenses-
Income Before Tax (EBT)195,710149,546
EBIT - interestExpense = -1,153
150,392
151,545
Interest Expense1,153
Earnings Before Interest and Taxes (EBIT)-196,863
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax195,710
Tax Provision-45,318
Net Income From Continuing Ops150,392150,392
Net Income150,392
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 Net20,299-5,566
 

Technical Analysis of Headwater Exploration Inc
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 Headwater Exploration Inc. The general trend of Headwater Exploration Inc is NEUTRAL with 0.0% 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 Headwater Exploration Inc'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 (0.0%) Bearish trend (0.0%)
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 Headwater Exploration Inc.

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: 4.5950720164609 < 4.5951 < 4.5951.

The bearish price targets are: 4.38 > 4.38 > 4.38.

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Headwater Exploration Inc 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 Headwater Exploration Inc. The current mas is .

The long score for the Moving Averages is 7/14.
The longshort score for the Moving Averages is 0/(-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 lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

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

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

Headwater Exploration Inc 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 Headwater Exploration Inc. The current macd is 0.04035485.

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 Headwater Exploration Inc price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Headwater Exploration Inc. 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 Headwater Exploration Inc 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
Headwater Exploration Inc Daily Moving Average Convergence/Divergence (MACD) ChartHeadwater Exploration Inc 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 Headwater Exploration Inc. The current adx is 19.60.

The long score for the Directional Movement Index (DMI) is 2/7.
The longshort score for the Directional Movement Index (DMI) is 2/(-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 Headwater Exploration Inc shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bullish trend could be forming. +1
Headwater Exploration Inc 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 Headwater Exploration Inc. The current sar is 4.18108416.

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
Headwater Exploration Inc Daily Parabolic SAR Chart
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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 Headwater Exploration Inc. The current rsi is 60.80. The current phase is Correction in bear market.

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

  • Correction in bear market: Extended price decline in a downtrend, significant pullback. Consider reducing exposure, wait for signs of trend reversal.
  • Trending up: The RSI is trending up. +1
Headwater Exploration Inc Daily Relative Strength Index (RSI) ChartHeadwater Exploration Inc 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 Headwater Exploration Inc. The current phase is Overbought in neutral market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 0/(-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 below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Headwater Exploration Inc price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Headwater Exploration Inc Daily Stochastic Oscillator ChartHeadwater Exploration Inc 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 Headwater Exploration Inc. The current cci is 153.44.

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
Headwater Exploration Inc Daily Commodity Channel Index (CCI) ChartHeadwater Exploration Inc 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 Headwater Exploration Inc. The current cmo is 32.42.

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
Headwater Exploration Inc Daily Chande Momentum Oscillator (CMO) ChartHeadwater Exploration Inc 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 Headwater Exploration Inc. The current willr is -12.5.

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
Headwater Exploration Inc Daily Williams %R ChartHeadwater Exploration Inc 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 Headwater Exploration Inc.

Headwater Exploration Inc 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 Headwater Exploration Inc. The current atr is 0.0563986.

Headwater Exploration Inc Daily Average True Range (ATR) ChartHeadwater Exploration Inc 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 Headwater Exploration Inc. The current obv is 18,798.

Headwater Exploration Inc Daily On-Balance Volume (OBV) ChartHeadwater Exploration Inc 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 Headwater Exploration Inc. The current mfi is 55.34.

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
Headwater Exploration Inc Daily Money Flow Index (MFI) ChartHeadwater Exploration Inc Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Headwater Exploration Inc.

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
2023-10-02 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-10-05 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-10-06 00:00:00CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-10-09 00:00:00SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2023-10-12 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2023-10-13 00:00:00MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-10-17 00:00:00CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-10-18 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2023-10-23 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-10-24 00:00:00DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-10-25 00:00:00DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-10-26 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2023-10-27 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-10-30 00:00:00DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-10-31 00:00:00MACD 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.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-01 00:00:00CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-02 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-03 00:00:00ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-06 00:00:00CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-07 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
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).
2023-11-13 00:00:00DMI 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).
2023-11-15 00:00:00SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-16 00:00:00DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-11-21 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-22 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-24 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-28 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-29 00:00:00WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-01 00:00:00WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-04 00:00:00CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-05 00:00:00ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-08 00:00:00RSI LONG ENTRY SHORT CLOSE30 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-11 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-12 00:00:00ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-13 00:00:00RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-15 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-19 00:00:00SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-21 00:00:00MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2023-12-27 00:00:00WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-28 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-02 00:00:00SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-01-03 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-05 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-08 00:00:00WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-09 00:00:00BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-10 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-12 00:00:00MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-15 00:00:00MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-01-17 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-18 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-19 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-22 00:00:00CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-23 00:00:00SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-24 00:00:00DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-25 00:00:00CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-26 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-30 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-31 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-01 00:00:00CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-02 00:00:00DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-05 00:00:00SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-02-07 00:00:00DMI 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
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-08 00:00:00WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-09 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-13 00:00:00CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-14 00:00:00STOCH 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).
2024-02-15 00:00:00SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-19 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.

6.3. Candlestick Patterns

Headwater Exploration Inc Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Headwater Exploration Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5060.804
Ma 20Greater thanMa 504.312
Ma 50Greater thanMa 1004.255
Ma 100Greater thanMa 2004.505
OpenGreater thanClose4.460
Total4/5 (80.0%)
Penke

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