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Converge Information & Communications Technology Solutions Inc
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PenkeI guess you are interested in Converge Information & Communications Technology Solutions 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 Converge Information & Communications Technology Solutions 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.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Converge Information & Communications Technology Solutions Inc (30 sec.)










What can you expect buying and holding a share of Converge Information & Communications Technology Solutions Inc? (30 sec.)

How much money do you get?

How much money do you get?
‚āĪ0.00
When do you have the money?
1 year
How often do you get paid?
20.0%

What is your share worth?

Current worth
‚āĪ4.97
Expected worth in 1 year
‚āĪ6.19
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
‚āĪ1.22
Return On Investment
11.5%

For what price can you sell your share?

Current Price per Share
‚āĪ10.60
Expected price per share
‚āĪ10.06 - ‚āĪ12.22
How sure are you?
50%

1. Valuation of Converge Information & Communications Technology Solutions Inc (5 min.)




Live pricePrice per Share (EOD)

‚āĪ10.60

Intrinsic Value Per Share

‚āĪ-12.94 - ‚āĪ-15.22

Total Value Per Share

‚āĪ-7.97 - ‚āĪ-10.25

2. Growth of Converge Information & Communications Technology Solutions Inc (5 min.)




Is Converge Information & Communications Technology Solutions Inc growing?

Current yearPrevious yearGrowGrow %
How rich?$613.8m$596.8m$16.9m2.8%

How much money is Converge Information & Communications Technology Solutions Inc making?

Current yearPrevious yearGrowGrow %
Making money$126.4m$121.6m$4.7m3.8%
Net Profit Margin22.1%27.0%--

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

3. Financial Health of Converge Information & Communications Technology Solutions Inc (5 min.)




What can you expect buying and holding a share of Converge Information & Communications Technology Solutions Inc? (5 min.)

Welcome investor! Converge Information & Communications Technology Solutions Inc's management wants to use your money to grow the business. In return you get a share of Converge Information & Communications Technology Solutions Inc.

What can you expect buying and holding a share of Converge Information & Communications Technology Solutions Inc?

First you should know what it really means to hold a share of Converge Information & Communications Technology Solutions Inc. And how you can make/lose money.

Speculation

The Price per Share of Converge Information & Communications Technology Solutions Inc is ‚āĪ10.60. 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 Converge Information & Communications Technology Solutions 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 Converge Information & Communications Technology Solutions 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 ‚āĪ4.97. Based on the TTM, the Book Value Change Per Share is ‚āĪ0.30 per quarter. Based on the YOY, the Book Value Change Per Share is ‚āĪ0.97 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 ‚āĪ0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Converge Information & Communications Technology Solutions Inc.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 ‚āĪ% of Price per Share‚āĪ% of Price per Share‚āĪ% of Price per Share‚āĪ% of Price per Share‚āĪ% of Price per Share
Usd Eps0.020.2%0.020.2%0.020.2%0.010.1%0.010.1%
Usd Book Value Change Per Share0.010.0%0.010.0%0.020.2%0.020.2%0.020.2%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.010.0%0.010.0%0.020.2%0.020.2%0.020.2%
Usd Price Per Share0.27-0.27-0.54-0.21-0.21-
Price to Earnings Ratio15.51-15.51-33.54-16.43-16.43-
Price-to-Total Gains Ratio52.18-52.18-32.73-30.54-30.54-
Price to Book Ratio3.20-3.20-6.84-2.81-2.81-
Price-to-Total Gains Ratio52.18-52.18-32.73-30.54-30.54-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.1802
Number of shares5549
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.010.02
Usd Total Gains Per Share0.010.02
Gains per Quarter (5549 shares)28.7196.48
Gains per Year (5549 shares)114.84385.94
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1011510511375376
2023022022750762
303453353311251148
404594504415001534
505745655518751920
606896806522502306
708047957626252692
809199108730003078
90103410259833753464
1001148114010937503850

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 Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%5.00.00.0100.0%5.00.00.0100.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%5.00.00.0100.0%5.00.00.0100.0%
Dividend per Share0.00.01.00.0%1.00.02.033.3%1.00.04.020.0%1.00.04.020.0%1.00.04.020.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%5.00.00.0100.0%5.00.00.0100.0%

Fundamentals of Converge Information & Communications Technology Solutions Inc

About Converge Information & Communications Technology Solutions Inc

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is very efficient 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 able to pay all its debts by selling its assets.
The company is just 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 fair priced.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Converge Information & Communications Technology Solutions Inc.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit¬†Converge Information & Communications Technology Solutions Inc earns for each ₱1 of revenue.

  • Above 10% is considered healthy but always compare¬†Converge Information & Communications Technology Solutions Inc to the¬†Telecommunications Services industry mean.
  • A Net Profit Margin of 22.1%¬†means that¬†₱0.22 for each ₱1¬†in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Converge Information & Communications Technology Solutions Inc:

  • The MRQ is 22.1%. The company is making a huge profit. +2
  • The TTM is 22.1%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ22.1%TTM22.1%0.0%
TTM22.1%YOY27.0%-5.0%
TTM22.1%5Y23.4%-1.3%
5Y23.4%10Y23.4%0.0%
1.1.2. Return on Assets

Shows how efficient Converge Information & Communications Technology Solutions Inc is using its assets to generate profit.

  • Above 5% is considered healthy¬†but always compare¬†Converge Information & Communications Technology Solutions Inc to the¬†Telecommunications Services industry mean.
  • 7.6% Return on Assets means that¬†Converge Information & Communications Technology Solutions Inc generated¬†₱0.08 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Converge Information & Communications Technology Solutions Inc:

  • The MRQ is 7.6%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 7.6%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ7.6%TTM7.6%0.0%
TTM7.6%YOY8.7%-1.2%
TTM7.6%5Y7.7%-0.1%
5Y7.7%10Y7.7%0.0%
1.1.3. Return on Equity

Shows how efficient Converge Information & Communications Technology Solutions Inc is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare¬†Converge Information & Communications Technology Solutions Inc to the¬†Telecommunications Services industry mean.
  • 20.6% Return on Equity means Converge Information & Communications Technology Solutions Inc generated ₱0.21¬†for each¬†₱1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Converge Information & Communications Technology Solutions Inc:

  • The MRQ is 20.6%. Using its investors money, the company is efficient in making profit. +1
  • The TTM is 20.6%. Using its investors money, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ20.6%TTM20.6%0.0%
TTM20.6%YOY20.4%+0.2%
TTM20.6%5Y19.4%+1.2%
5Y19.4%10Y19.4%0.0%

1.2. Operating Efficiency of Converge Information & Communications Technology Solutions Inc.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Converge Information & Communications Technology Solutions Inc is operating .

  • Measures how much profit Converge Information & Communications Technology Solutions 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¬†Converge Information & Communications Technology Solutions Inc to the¬†Telecommunications Services 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 Converge Information & Communications Technology Solutions Inc:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y-0.0%
5Y-10Y-0.0%
1.2.2. Operating Ratio

Measures how efficient Converge Information & Communications Technology Solutions Inc is keeping operating costs low.

  • Below 1 is considered healthy (always compare to¬†Telecommunications Services industry mean).
  • An Operation Ratio of 0.40 means that the operating costs are ₱0.40 for each ₱1 in net sales.

Let's take a look of the Operating Ratio trends of Converge Information & Communications Technology Solutions Inc:

  • The MRQ is 0.399. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.399. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.399TTM0.3990.000
TTM0.399YOY0.397+0.002
TTM0.3995Y0.439-0.040
5Y0.43910Y0.4390.000

1.3. Liquidity of Converge Information & Communications Technology Solutions Inc.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Converge Information & Communications Technology Solutions Inc is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to¬†Telecommunications Services industry mean).
  • A Current Ratio of 0.91¬†means the company has ₱0.91 in assets for each ₱1 in short-term debts.

Let's take a look of the Current Ratio trends of Converge Information & Communications Technology Solutions Inc:

  • The MRQ is 0.914. The company is just not able to pay all its short-term debts. -1
  • The TTM is 0.914. The company is just not able to pay all its short-term debts. -1
Trends
Current periodCompared to+/- 
MRQ0.914TTM0.9140.000
TTM0.914YOY0.783+0.131
TTM0.9145Y0.946-0.032
5Y0.94610Y0.9460.000
1.3.2. Quick Ratio

Measures if Converge Information & Communications Technology Solutions Inc is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but¬†always compare¬†Converge Information & Communications Technology Solutions Inc to the¬†Telecommunications Services industry mean.
  • A Quick Ratio of 0.54¬†means the company can pay off ₱0.54 for each ₱1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Converge Information & Communications Technology Solutions Inc:

  • The MRQ is 0.535. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.535. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.535TTM0.5350.000
TTM0.535YOY0.405+0.130
TTM0.5355Y0.581-0.045
5Y0.58110Y0.5810.000

1.4. Solvency of Converge Information & Communications Technology Solutions Inc.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Converge Information & Communications Technology Solutions Inc assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare¬†Converge Information & Communications Technology Solutions Inc to Telecommunications Services industry mean.
  • A Debt to Asset Ratio of 0.63¬†means that Converge Information & Communications Technology Solutions Inc assets are¬†financed with 63.2% credit (debt) and the remaining percentage (100% - 63.2%)¬†is financed by its owners/shareholders.¬†

Let's take a look of the Debt to Asset Ratio trends of Converge Information & Communications Technology Solutions Inc:

  • The MRQ is 0.632. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.632. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.632TTM0.6320.000
TTM0.632YOY0.571+0.061
TTM0.6325Y0.592+0.040
5Y0.59210Y0.5920.000
1.4.2. Debt to Equity Ratio

Measures if Converge Information & Communications Technology Solutions Inc is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but¬†always compare¬†Converge Information & Communications Technology Solutions Inc to the¬†Telecommunications Services industry mean.
  • A Debt to Equity ratio of 171.7% means that company has ₱1.72 debt for each ₱1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Converge Information & Communications Technology Solutions Inc:

  • The MRQ is 1.717. The company is just able to pay all its debts with equity.
  • The TTM is 1.717. The company is just able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ1.717TTM1.7170.000
TTM1.717YOY1.332+0.385
TTM1.7175Y1.484+0.233
5Y1.48410Y1.4840.000

2. Market Valuation of Converge Information & Communications Technology Solutions 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 Converge Information & Communications Technology Solutions Inc generates.

  • Above 15 is considered overpriced but¬†always compare¬†Converge Information & Communications Technology Solutions Inc to the¬†Telecommunications Services industry mean.
  • A PE ratio of 15.51 means the investor is paying ₱15.51¬†for every ₱1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Converge Information & Communications Technology Solutions Inc:

  • The EOD is 10.354. Based on the earnings, the company is underpriced. +1
  • The MRQ is 15.511. Based on the earnings, the company is fair priced.
  • The TTM is 15.511. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD10.354MRQ15.511-5.157
MRQ15.511TTM15.5110.000
TTM15.511YOY33.541-18.030
TTM15.5115Y16.431-0.919
5Y16.43110Y16.4310.000
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Converge Information & Communications Technology Solutions Inc:

  • The EOD is -9.837. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -14.737. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -14.737. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-9.837MRQ-14.737+4.900
MRQ-14.737TTM-14.7370.000
TTM-14.737YOY-20.222+5.484
TTM-14.7375Y-10.151-4.586
5Y-10.15110Y-10.1510.000
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Converge Information & Communications Technology Solutions Inc is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy¬†(always compare to Telecommunications Services industry mean).
  • A PB ratio of 3.20 means the investor is paying ₱3.20¬†for each ₱1 in book value.

Let's take a look of the Price to Book Ratio trends of Converge Information & Communications Technology Solutions Inc:

  • The EOD is 2.133. Based on the equity, the company is underpriced. +1
  • The MRQ is 3.196. Based on the equity, the company is fair priced.
  • The TTM is 3.196. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD2.133MRQ3.196-1.063
MRQ3.196TTM3.1960.000
TTM3.196YOY6.838-3.643
TTM3.1965Y2.814+0.381
5Y2.81410Y2.8140.000
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Converge Information & Communications Technology Solutions 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--0.3040.3040%0.975-69%0.994-69%0.994-69%
Book Value Per Share--4.9694.9690%4.665+7%3.110+60%3.110+60%
Current Ratio--0.9140.9140%0.783+17%0.946-3%0.946-3%
Debt To Asset Ratio--0.6320.6320%0.571+11%0.592+7%0.592+7%
Debt To Equity Ratio--1.7171.7170%1.332+29%1.484+16%1.484+16%
Dividend Per Share----0%-0%0.029-100%0.029-100%
Eps--1.0241.0240%0.951+8%0.560+83%0.560+83%
Free Cash Flow Per Share---1.078-1.0780%-1.578+46%-0.923-14%-0.923-14%
Free Cash Flow To Equity Per Share--0.2490.2490%-0.604+343%0.267-7%0.267-7%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---15.222--------
Intrinsic Value_10Y_min---12.942--------
Intrinsic Value_1Y_max---1.273--------
Intrinsic Value_1Y_min---1.237--------
Intrinsic Value_3Y_max---4.016--------
Intrinsic Value_3Y_min---3.790--------
Intrinsic Value_5Y_max---6.992--------
Intrinsic Value_5Y_min---6.404--------
Market Cap--115393180192.800115393180192.8000%240088793274.000-52%93524752184.160+23%93524752184.160+23%
Net Profit Margin--0.2210.2210%0.270-18%0.234-6%0.234-6%
Operating Margin----0%-0%-0%-0%
Operating Ratio--0.3990.3990%0.397+0%0.439-9%0.439-9%
Pb Ratio2.133-50%3.1963.1960%6.838-53%2.814+14%2.814+14%
Pe Ratio10.354-50%15.51115.5110%33.541-54%16.431-6%16.431-6%
Price Per Share10.600-50%15.88015.8800%31.900-50%12.536+27%12.536+27%
Price To Free Cash Flow Ratio-9.837+33%-14.737-14.7370%-20.222+37%-10.151-31%-10.151-31%
Price To Total Gains Ratio34.830-50%52.17952.1790%32.728+59%30.541+71%30.541+71%
Quick Ratio--0.5350.5350%0.405+32%0.581-8%0.581-8%
Return On Assets--0.0760.0760%0.087-13%0.077-2%0.077-2%
Return On Equity--0.2060.2060%0.204+1%0.194+6%0.194+6%
Total Gains Per Share--0.3040.3040%0.975-69%1.023-70%1.023-70%
Usd Book Value--613878614.240613878614.2400%596880990.500+3%393498107.330+56%393498107.330+56%
Usd Book Value Change Per Share--0.0050.0050%0.017-69%0.017-69%0.017-69%
Usd Book Value Per Share--0.0840.0840%0.079+7%0.053+60%0.053+60%
Usd Dividend Per Share----0%-0%0.000-100%0.000-100%
Usd Eps--0.0170.0170%0.016+8%0.010+83%0.010+83%
Usd Free Cash Flow---133109787.500-133109787.5000%-201838526.840+52%-117150119.500-12%-117150119.500-12%
Usd Free Cash Flow Per Share---0.018-0.0180%-0.027+46%-0.016-14%-0.016-14%
Usd Free Cash Flow To Equity Per Share--0.0040.0040%-0.010+343%0.005-7%0.005-7%
Usd Market Cap--1961684063.2781961684063.2780%4081509485.658-52%1589920787.131+23%1589920787.131+23%
Usd Price Per Share0.180-50%0.2700.2700%0.542-50%0.213+27%0.213+27%
Usd Profit--126468691.260126468691.2600%121688169.370+4%72088249.386+75%72088249.386+75%
Usd Revenue--572825682.120572825682.1200%450139164.630+27%306070747.608+87%306070747.608+87%
Usd Total Gains Per Share--0.0050.0050%0.017-69%0.017-70%0.017-70%
 EOD+3 -3MRQTTM+0 -0YOY+19 -135Y+15 -1910Y+15 -19

3.2. Fundamental Score

Let's check the fundamental score of Converge Information & Communications Technology Solutions Inc based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1510.354
Price to Book Ratio (EOD)Between0-12.133
Net Profit Margin (MRQ)Greater than00.221
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.535
Current Ratio (MRQ)Greater than10.914
Debt to Asset Ratio (MRQ)Less than10.632
Debt to Equity Ratio (MRQ)Less than11.717
Return on Equity (MRQ)Greater than0.150.206
Return on Assets (MRQ)Greater than0.050.076
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of Converge Information & Communications Technology Solutions Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5054.980
Ma 20Greater thanMa 5010.556
Ma 50Greater thanMa 1009.738
Ma 100Greater thanMa 2009.544
OpenGreater thanClose10.900
Total5/5 (100.0%)



Latest Balance Sheet

Balance Sheet of 2022-12-31. Currency in PHP. All numbers in thousands.

Summary
Total Assets98,098,337
Total Liabilities61,987,831
Total Stockholder Equity36,110,507
 As reported
Total Liabilities 61,987,831
Total Stockholder Equity+ 36,110,507
Total Assets = 98,098,337

Assets

Total Assets98,098,337
Total Current Assets22,598,511
Long-term Assets0
Total Current Assets
Cash And Cash Equivalents 3,822,965
Net Receivables 3,020,024
Inventory 4,385,142
Other Current Assets 1,294,277
Total Current Assets  (as reported)22,598,511
Total Current Assets  (calculated)12,522,407
+/- 10,076,104
Long-term Assets
Property Plant Equipment 65,827,587
Intangible Assets 2,384,612
Long-term Assets  (as reported)0
Long-term Assets  (calculated)68,212,199
+/- 68,212,199

Liabilities & Shareholders' Equity

Total Current Liabilities24,723,202
Long-term Liabilities0
Total Stockholder Equity36,110,507
Total Current Liabilities
Total Current Liabilities  (as reported)24,723,202
Total Current Liabilities  (calculated)0
+/- 24,723,202
Long-term Liabilities
Long term Debt Total 37,002,054
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)37,002,054
+/- 37,002,054
Total Stockholder Equity
Retained Earnings 21,935,975
Capital Surplus 18,746,088
Total Stockholder Equity (as reported)36,110,507
Total Stockholder Equity (calculated)40,682,064
+/- 4,571,557
Other
Cash And Equivalents6,391,101
Cash and Short Term Investments 10,214,066
Common Stock Shares Outstanding 7,266,573
Liabilities and Stockholders Equity 98,098,337
Net Working Capital -2,124,691



Balance Sheet

Currency in PHP. All numbers in thousands.

 Trend2022-12-312021-12-312020-12-312019-12-312018-12-31
> Total Assets 
12,656,145
31,159,486
56,712,083
81,863,998
98,098,337
98,098,33781,863,99856,712,08331,159,48612,656,145
   > Total Current Assets 
3,630,872
11,204,037
21,270,838
21,040,271
22,598,511
22,598,51121,040,27121,270,83811,204,0373,630,872
       Cash And Cash Equivalents 
476,653
3,233,043
4,972,579
6,849,930
3,822,965
3,822,9656,849,9304,972,5793,233,043476,653
       Net Receivables 
824,694
1,777,349
2,082,910
2,816,829
3,020,024
3,020,0242,816,8292,082,9101,777,349824,694
       Inventory 
1,443,106
1,313,945
2,031,358
3,484,886
4,385,142
4,385,1423,484,8862,031,3581,313,9451,443,106
       Other Current Assets 
225,206
600,923
1,182,540
2,303,184
1,294,277
1,294,2772,303,1841,182,540600,923225,206
   > Long-term Assets 00000
       Property Plant Equipment 
7,890,992
17,227,809
29,986,332
51,787,153
65,827,587
65,827,58751,787,15329,986,33217,227,8097,890,992
       Intangible Assets 
537,266
669,869
1,154,647
1,968,644
2,384,612
2,384,6121,968,6441,154,647669,869537,266
> Total Liabilities 
8,084,869
18,992,020
28,937,242
46,753,351
61,987,831
61,987,83146,753,35128,937,24218,992,0208,084,869
   > Total Current Liabilities 
6,608,503
10,160,494
15,385,251
26,883,597
24,723,202
24,723,20226,883,59715,385,25110,160,4946,608,503
   > Long-term Liabilities 00000
       Long term Debt Total 
1,232,547
8,226,485
12,090,461
19,243,197
37,002,054
37,002,05419,243,19712,090,4618,226,4851,232,547
> Total Stockholder Equity
4,571,276
12,167,467
27,774,842
35,110,647
36,110,507
36,110,50735,110,64727,774,84212,167,4674,571,276
   Common Stock
1,250,000
1,250,000
1,881,574
1,881,574
1,881,574
1,881,5741,881,5741,881,5741,250,0001,250,000
   Retained Earnings 
3,311,203
4,014,216
7,139,050
14,439,021
21,935,975
21,935,97514,439,0217,139,0504,014,2163,311,203
   Capital Surplus 
0
6,541,192
18,746,088
18,746,088
18,746,088
18,746,08818,746,08818,746,0886,541,1920
   Treasury Stock00000
   Other Stockholders Equity 
10,073
55,241
8,130
43,964
45,414
45,41443,9648,13055,24110,073



Balance Sheet

Currency in PHP. All numbers in thousands.




Cash Flow

Currency in PHP. All numbers in thousands.




Income Statement

Currency in PHP. All numbers in thousands.


Latest Income Statement (annual, 2022-12-31)

Gross Profit (+$)
totalRevenue33,695,628
Cost of Revenue-13,437,644
Gross Profit20,257,98420,257,984
 
Operating Income (+$)
Gross Profit20,257,984
Operating Expense-0
Operating Income11,587,54420,257,984
 
Operating Expense (+$)
Research Development0
Selling General Administrative7,766,695
Selling And Marketing Expenses0
Operating Expense07,766,695
 
Net Interest Income (+$)
Interest Income1,731,900
Interest Expense-89,352
Other Finance Cost-1,642,547
Net Interest Income0
 
Pretax Income (+$)
Operating Income11,587,544
Net Interest Income0
Other Non-Operating Income Expenses0
Income Before Tax (EBT)9,855,64411,587,544
EBIT - interestExpense = -89,352
7,439,335
7,528,687
Interest Expense89,352
Earnings Before Interest and Taxes (EBIT)09,944,997
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax9,855,644
Tax Provision-2,416,309
Net Income From Continuing Ops07,439,335
Net Income7,439,335
Net Income Applicable To Common Shares7,439,335
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net00
 

Technical Analysis of Converge Information & Communications Technology Solutions 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 Converge Information & Communications Technology Solutions Inc. The general trend of Converge Information & Communications Technology Solutions Inc is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Converge Information & Communications Technology Solutions 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 (100.0%) Bearish trend (-100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

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

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


Score

Let's take a look at the Support & Resistance of Converge Information & Communications Technology Solutions 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: 11.28 < 11.64 < 12.22.

The bearish price targets are: 10.12 > 10.06 > 10.06.

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Converge Information & Communications Technology Solutions 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 Converge Information & Communications Technology Solutions Inc. The current mas is .

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

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

Directionalities and relatives.

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

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

Converge Information & Communications Technology Solutions 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 Converge Information & Communications Technology Solutions Inc. The current macd is 0.2324289.

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 Converge Information & Communications Technology Solutions Inc price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Converge Information & Communications Technology Solutions 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 Converge Information & Communications Technology Solutions 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 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
Converge Information & Communications Technology Solutions Inc Daily Moving Average Convergence/Divergence (MACD) ChartConverge Information & Communications Technology Solutions 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 Converge Information & Communications Technology Solutions Inc. The current adx is 21.10.

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 Converge Information & Communications Technology Solutions 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
Converge Information & Communications Technology Solutions 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 Converge Information & Communications Technology Solutions Inc. The current sar is 11.14.

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
Converge Information & Communications Technology Solutions Inc Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum¬†indicator, meaning the signals are instant.
  • Ranges¬†between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Converge Information & Communications Technology Solutions Inc. The current rsi is 54.98. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 2/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending down: The RSI is trending down. -1
Converge Information & Communications Technology Solutions Inc Daily Relative Strength Index (RSI) ChartConverge Information & Communications Technology Solutions 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 Converge Information & Communications Technology Solutions Inc. The current phase is Correction in bull market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -4/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %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 Converge Information & Communications Technology Solutions Inc price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Converge Information & Communications Technology Solutions Inc Daily Stochastic Oscillator ChartConverge Information & Communications Technology Solutions 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 Converge Information & Communications Technology Solutions Inc. The current cci is 54.05.

Converge Information & Communications Technology Solutions Inc Daily Commodity Channel Index (CCI) ChartConverge Information & Communications Technology Solutions 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 Converge Information & Communications Technology Solutions Inc. The current cmo is 7.08243193.

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
Converge Information & Communications Technology Solutions Inc Daily Chande Momentum Oscillator (CMO) ChartConverge Information & Communications Technology Solutions 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 Converge Information & Communications Technology Solutions Inc. The current willr is -53.125.

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 Converge Information & Communications Technology Solutions Inc is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Converge Information & Communications Technology Solutions Inc Daily Williams %R ChartConverge Information & Communications Technology Solutions Inc Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold¬†

Score

Let's take a look at the Bollinger Bands of Converge Information & Communications Technology Solutions Inc.

Converge Information & Communications Technology Solutions 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 Converge Information & Communications Technology Solutions Inc. The current atr is 0.42134373.

Converge Information & Communications Technology Solutions Inc Daily Average True Range (ATR) ChartConverge Information & Communications Technology Solutions Inc Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Converge Information & Communications Technology Solutions Inc. The current obv is -100,022,893.

Converge Information & Communications Technology Solutions Inc Daily On-Balance Volume (OBV) ChartConverge Information & Communications Technology Solutions 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 Converge Information & Communications Technology Solutions Inc. The current mfi is 74.22.

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
Converge Information & Communications Technology Solutions Inc Daily Money Flow Index (MFI) ChartConverge Information & Communications Technology Solutions Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Converge Information & Communications Technology Solutions 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
2024-01-31MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-02-01STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-02SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-05CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-06STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-08STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-13BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-16RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-02-21MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-02-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-23STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-26STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-27SAR 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
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-28CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-29DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-01STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-05STOCH 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).
2024-03-07BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-08STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-13STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-14STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-18SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-19DMI 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
2024-03-20MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-26STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-27BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-04-01STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-04-03STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-04DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-05CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-04-08STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-04-11STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-04-12DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-04-15MACD 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.
2024-04-17CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-04-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-19STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-04-23STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-29MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-03CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-05-06MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-05-07STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-09STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-13WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-05-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
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).
2024-05-15SAR 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
2024-05-16BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-17STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-20BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-05-21STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-22RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-23STOCH 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).
2024-05-27RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-05-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-30SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-05-31SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-03CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-06-04STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-05ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-06-06MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-06-07STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-10MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-11DMI 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
2024-06-14DMI 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
2024-06-20ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-21STOCH LONG EXITThe %K line crosses below the %D line.

6.3. Candlestick Patterns

Converge Information & Communications Technology Solutions Inc Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Converge Information & Communications Technology Solutions Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5054.980
Ma 20Greater thanMa 5010.556
Ma 50Greater thanMa 1009.738
Ma 100Greater thanMa 2009.544
OpenGreater thanClose10.900
Total5/5 (100.0%)
Penke

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