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EROAD Ltd
Buy, Hold or Sell?

Let's analyse Eroad together

PenkeI guess you are interested in EROAD Ltd. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of EROAD Ltd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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

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Quick analysis of Eroad (30 sec.)










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

How much money do you get?

How much money do you get?
A$0.00
When do you have the money?
1 year
How often do you get paid?
28.6%

What is your share worth?

Current worth
A$1.27
Expected worth in 1 year
A$1.29
How sure are you?
85.7%

+ What do you gain per year?

Total Gains per Share
A$0.02
Return On Investment
2.7%

For what price can you sell your share?

Current Price per Share
A$0.83
Expected price per share
A$0.62 - A$0.9
How sure are you?
50%
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1. Valuation of Eroad (5 min.)




Live pricePrice per Share (EOD)

A$0.83

Intrinsic Value Per Share

A$-2.95 - A$-2.51

Total Value Per Share

A$-1.69 - A$-1.25

2. Growth of Eroad (5 min.)




Is Eroad growing?

Current yearPrevious yearGrowGrow %
How rich?$153.1m$152.4m$677k0.4%

How much money is Eroad making?

Current yearPrevious yearGrowGrow %
Making money-$1.8m-$5.9m$4m220.0%
Net Profit Margin-1.9%-9.0%--

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

3. Financial Health of Eroad (5 min.)




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

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

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

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

Speculation

The Price per Share of Eroad is A$0.825. 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 Eroad.
  • 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 Eroad, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is A$1.27. Based on the TTM, the Book Value Change Per Share is A$0.01 per quarter. Based on the YOY, the Book Value Change Per Share is A$0.73 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is A$0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Eroad.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 A$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per Share
Usd Eps-0.01-1.2%-0.01-1.2%-0.03-3.9%-0.01-1.1%-0.01-1.3%
Usd Book Value Change Per Share0.000.4%0.000.4%0.4857.8%0.1214.7%0.1214.3%
Usd Dividend Per Share0.000.0%0.000.0%0.1113.0%0.022.7%0.021.9%
Usd Total Gains Per Share0.000.4%0.000.4%0.5870.7%0.1417.4%0.1316.3%
Usd Price Per Share0.40-0.40-2.71-1.15-0.82-
Price to Earnings Ratio-40.26--40.26--84.69-38.80-27.71-
Price-to-Total Gains Ratio109.80-109.80-4.64-42.98-42.98-
Price to Book Ratio0.49-0.49-3.28-2.28-1.63-
Price-to-Total Gains Ratio109.80-109.80-4.64-42.98-42.98-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.53955
Number of shares1853
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.02
Usd Book Value Change Per Share0.000.12
Usd Total Gains Per Share0.000.14
Gains per Quarter (1853 shares)6.79265.88
Gains per Year (1853 shares)27.151,063.54
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1027171678971054
20544433417932118
30817150126903182
401099866735874246
5013612583444835310
60163152100153806374
70190179116862777438
80217206133571738502
90244233150280709566
1002722601669896710630

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.01.00.00.0%1.02.00.033.3%2.03.00.040.0%2.05.00.028.6%2.05.00.028.6%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%4.01.00.080.0%6.01.00.085.7%6.01.00.085.7%
Dividend per Share0.00.01.00.0%2.00.01.066.7%2.00.03.040.0%2.00.05.028.6%2.00.05.028.6%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%4.01.00.080.0%6.01.00.085.7%6.01.00.085.7%
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Fundamentals of Eroad

About EROAD Ltd

EROAD Limited provides electronic on-board units and software as a service to the transport industry in New Zealand, Australia, the United States, and internationally. The company offers products to reduce the time and money spend on road user charges compliance; and manage obligations and risks associated with the Health and Safety at Work Act, as well as fleet management products. It also designs and manufactures in-vehicle hardware; and operates secure payment and merchant gateways, as well as provides web-based value-added services. The company was incorporated in 2000 and is headquartered in Auckland, New Zealand.

Fundamental data was last updated by Penke on 2024-02-16 10:35:05.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is 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 cheap.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.
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1.1. Profitability of EROAD Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Eroad to the Software - Infrastructure industry mean.
  • A Net Profit Margin of -1.9% means that $-0.02 for each $1 in revenue is generated as profit.

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

  • The MRQ is -1.9%. The company is making a loss. -1
  • The TTM is -1.9%. The company is making a loss. -1
Trends
Current periodCompared to+/- 
MRQ-1.9%TTM-1.9%0.0%
TTM-1.9%YOY-9.0%+7.1%
TTM-1.9%5Y-3.3%+1.3%
5Y-3.3%10Y-3.2%-0.1%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Eroad to the Software - Infrastructure industry mean.
  • -0.7% Return on Assets means that Eroad generated $-0.01 profit for each $1 in assets.

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

  • The MRQ is -0.7%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -0.7%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-0.7%TTM-0.7%0.0%
TTM-0.7%YOY-2.6%+1.9%
TTM-0.7%5Y-1.1%+0.4%
5Y-1.1%10Y-1.8%+0.7%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Eroad to the Software - Infrastructure industry mean.
  • -1.2% Return on Equity means Eroad generated $-0.01 for each $1 the owners (shareholders) invested.

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

  • The MRQ is -1.2%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -1.2%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-1.2%TTM-1.2%0.0%
TTM-1.2%YOY-3.9%+2.7%
TTM-1.2%5Y-2.2%+1.0%
5Y-2.2%10Y-3.2%+1.0%
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1.2. Operating Efficiency of EROAD Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Eroad is operating .

  • Measures how much profit Eroad 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 Eroad to the Software - Infrastructure industry mean.
  • An Operating Margin of 1.1% means the company generated $0.01  for each $1 in revenue (before taxes).

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

  • The MRQ is 1.1%. The company is operating less efficient.
  • The TTM is 1.1%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ1.1%TTM1.1%0.0%
TTM1.1%YOY-6.9%+8.0%
TTM1.1%5Y0.0%+1.1%
5Y0.0%10Y-25.0%+25.0%
1.2.2. Operating Ratio

Measures how efficient Eroad is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Software - Infrastructure industry mean).
  • An Operation Ratio of 1.08 means that the operating costs are $1.08 for each $1 in net sales.

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

  • The MRQ is 1.081. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.081. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.081TTM1.0810.000
TTM1.081YOY1.065+0.017
TTM1.0815Y0.833+0.248
5Y0.83310Y0.595+0.238
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1.3. Liquidity of EROAD Ltd.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Software - Infrastructure industry mean).
  • A Current Ratio of 1.26 means the company has $1.26 in assets for each $1 in short-term debts.

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

  • The MRQ is 1.257. The company is just able to pay all its short-term debts.
  • The TTM is 1.257. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.257TTM1.2570.000
TTM1.257YOY0.933+0.323
TTM1.2575Y1.370-0.114
5Y1.37010Y1.320+0.050
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Eroad to the Software - Infrastructure industry mean.
  • A Quick Ratio of 0.55 means the company can pay off $0.55 for each $1 in debt (using most liquid assets).

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

  • The MRQ is 0.552. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.552. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.552TTM0.5520.000
TTM0.552YOY0.543+0.009
TTM0.5525Y0.817-0.265
5Y0.81710Y0.651+0.166
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1.4. Solvency of EROAD Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Eroad to Software - Infrastructure industry mean.
  • A Debt to Asset Ratio of 0.38 means that Eroad assets are financed with 38.2% credit (debt) and the remaining percentage (100% - 38.2%) is financed by its owners/shareholders. 

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

  • The MRQ is 0.382. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.382. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.382TTM0.3820.000
TTM0.382YOY0.325+0.057
TTM0.3825Y0.455-0.073
5Y0.45510Y0.437+0.018
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Eroad to the Software - Infrastructure industry mean.
  • A Debt to Equity ratio of 61.9% means that company has $0.62 debt for each $1 in shareholders equity.

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

  • The MRQ is 0.619. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.619. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.619TTM0.6190.000
TTM0.619YOY0.482+0.137
TTM0.6195Y0.920-0.301
5Y0.92010Y0.841+0.079
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2. Market Valuation of EROAD Ltd

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Eroad generates.

  • Above 15 is considered overpriced but always compare Eroad to the Software - Infrastructure industry mean.
  • A PE ratio of -40.26 means the investor is paying $-40.26 for every $1 in earnings.

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

  • The EOD is -54.007. Based on the earnings, the company is expensive. -2
  • The MRQ is -40.260. Based on the earnings, the company is expensive. -2
  • The TTM is -40.260. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-54.007MRQ-40.260-13.747
MRQ-40.260TTM-40.2600.000
TTM-40.260YOY-84.692+44.433
TTM-40.2605Y38.797-79.056
5Y38.79710Y27.712+11.085
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is -2.909. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -2.168. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -2.168. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-2.909MRQ-2.168-0.740
MRQ-2.168TTM-2.1680.000
TTM-2.168YOY-15.254+13.086
TTM-2.1685Y-12.443+10.275
5Y-12.44310Y-8.888-3.555
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2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Software - Infrastructure industry mean).
  • A PB ratio of 0.49 means the investor is paying $0.49 for each $1 in book value.

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

  • The EOD is 0.651. Based on the equity, the company is cheap. +2
  • The MRQ is 0.485. Based on the equity, the company is cheap. +2
  • The TTM is 0.485. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.651MRQ0.485+0.166
MRQ0.485TTM0.4850.000
TTM0.485YOY3.282-2.797
TTM0.4855Y2.278-1.793
5Y2.27810Y1.627+0.651
2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Funds holding EROAD Ltd

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2020-12-31Alps Series Tr-Seven Canyons World Innovators Fd0.98-800000--
2020-12-31Allianz Fds Multi Strategy Tr-AllianzGI International Small Cap Fd0.07-57275--
2021-01-31DFA International Core Equity Portfolio0.04-30986--
2021-01-31DFA Asia Pacific Small Company Series0.029999999-24092--
2020-12-31Allianz Fds-AllianzGI Global Small Cap Fd0.029999999-22372--
2021-01-31Harbor Overseas Fund0.01-10065--
2021-01-31John Hancock Fds II-International Small Company Fund0.01-5969--
2021-01-31DFA Investment Dimensions-DFA International Small Cap Growth Port0.01-4979--
2020-12-31Brighthouse Fds Tr II-BH/Dimensional International Small Co Port0.01-4808--
Total 1.189999998096054600.0%
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4. Summary

4.1. Key Performance Indicators

The key performance indicators of EROAD Ltd compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.0060.0060%0.729-99%0.185-97%0.181-97%
Book Value Per Share--1.2671.2670%1.261+0%0.717+77%0.594+113%
Current Ratio--1.2571.2570%0.933+35%1.370-8%1.320-5%
Debt To Asset Ratio--0.3820.3820%0.325+18%0.455-16%0.437-12%
Debt To Equity Ratio--0.6190.6190%0.482+28%0.920-33%0.841-26%
Dividend Per Share----0%0.163-100%0.034-100%0.025-100%
Eps---0.015-0.0150%-0.049+220%-0.014-7%-0.017+8%
Free Cash Flow Per Share---0.284-0.2840%-0.271-4%-0.179-37%-0.166-42%
Free Cash Flow To Equity Per Share---0.094-0.0940%0.121-178%-0.003-97%0.015-747%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---2.515--------
Intrinsic Value_10Y_min---2.952--------
Intrinsic Value_1Y_max---0.195--------
Intrinsic Value_1Y_min---0.238--------
Intrinsic Value_3Y_max---0.630--------
Intrinsic Value_3Y_min---0.769--------
Intrinsic Value_5Y_max---1.116--------
Intrinsic Value_5Y_min---1.356--------
Market Cap152477318.400+25%113664910.080113664910.0800%765158906.880-85%325839408.896-65%232742434.926-51%
Net Profit Margin---0.019-0.0190%-0.090+369%-0.033+70%-0.032+66%
Operating Margin--0.0110.0110%-0.069+738%0.000+9226%-0.250+2399%
Operating Ratio--1.0811.0810%1.065+2%0.833+30%0.595+82%
Pb Ratio0.651+25%0.4850.4850%3.282-85%2.278-79%1.627-70%
Pe Ratio-54.007-34%-40.260-40.2600%-84.692+110%38.797-204%27.712-245%
Price Per Share0.825+25%0.6150.6150%4.140-85%1.763-65%1.259-51%
Price To Free Cash Flow Ratio-2.909-34%-2.168-2.1680%-15.254+603%-12.443+474%-8.888+310%
Price To Total Gains Ratio147.291+25%109.799109.7990%4.641+2266%42.979+155%42.979+155%
Quick Ratio--0.5520.5520%0.543+2%0.817-32%0.651-15%
Return On Assets---0.007-0.0070%-0.026+251%-0.011+47%-0.018+140%
Return On Equity---0.012-0.0120%-0.039+221%-0.022+83%-0.032+164%
Total Gains Per Share--0.0060.0060%0.892-99%0.219-97%0.206-97%
Usd Book Value--153131274.720153131274.7200%152454247.380+0%86621437.905+77%71783106.998+113%
Usd Book Value Change Per Share--0.0040.0040%0.477-99%0.121-97%0.118-97%
Usd Book Value Per Share--0.8290.8290%0.825+0%0.469+77%0.388+113%
Usd Dividend Per Share----0%0.107-100%0.023-100%0.016-100%
Usd Eps---0.010-0.0100%-0.032+220%-0.009-7%-0.011+8%
Usd Free Cash Flow---34282202.580-34282202.5800%-32805052.020-4%-21628196.862-37%-17149737.081-50%
Usd Free Cash Flow Per Share---0.185-0.1850%-0.177-4%-0.117-37%-0.108-42%
Usd Free Cash Flow To Equity Per Share---0.062-0.0620%0.079-178%-0.002-97%0.010-747%
Usd Market Cap99720166.234+25%74336851.19274336851.1920%500413925.100-85%213098973.418-65%152213552.441-51%
Usd Price Per Share0.540+25%0.4020.4020%2.708-85%1.153-65%0.824-51%
Usd Profit---1846438.200-1846438.2000%-5908602.240+220%-1799811.943-3%-1730882.822-6%
Usd Revenue--96199430.22096199430.2200%65610104.040+47%63895951.566+51%48703048.815+98%
Usd Total Gains Per Share--0.0040.0040%0.583-99%0.143-97%0.134-97%
 EOD+6 -2MRQTTM+0 -0YOY+16 -195Y+14 -2110Y+16 -19

4.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-54.007
Price to Book Ratio (EOD)Between0-10.651
Net Profit Margin (MRQ)Greater than0-0.019
Operating Margin (MRQ)Greater than00.011
Quick Ratio (MRQ)Greater than10.552
Current Ratio (MRQ)Greater than11.257
Debt to Asset Ratio (MRQ)Less than10.382
Debt to Equity Ratio (MRQ)Less than10.619
Return on Equity (MRQ)Greater than0.15-0.012
Return on Assets (MRQ)Greater than0.05-0.007
Total5/10 (50.0%)

4.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5047.937
Ma 20Greater thanMa 500.846
Ma 50Greater thanMa 1000.874
Ma 100Greater thanMa 2000.763
OpenGreater thanClose0.790
Total1/5 (20.0%)



Latest Balance Sheet

Balance Sheet of 2023-03-31. Currency in NZD. All numbers in thousands.

Summary
Total Assets402,800
Total Liabilities154,000
Total Stockholder Equity248,800
 As reported
Total Liabilities 154,000
Total Stockholder Equity+ 248,800
Total Assets = 402,800

Assets

Total Assets402,800
Total Current Assets61,700
Long-term Assets341,100
Total Current Assets
Cash And Cash Equivalents 8,100
Net Receivables 19,000
Inventory 15,400
Other Current Assets 19,200
Total Current Assets  (as reported)61,700
Total Current Assets  (calculated)61,700
+/-0
Long-term Assets
Property Plant Equipment 77,800
Goodwill 108,100
Intangible Assets 134,000
Long-term Assets Other 6,000
Long-term Assets  (as reported)341,100
Long-term Assets  (calculated)325,900
+/- 15,200

Liabilities & Shareholders' Equity

Total Current Liabilities49,100
Long-term Liabilities104,900
Total Stockholder Equity248,800
Total Current Liabilities
Short-term Debt 3,100
Short Long Term Debt 1,400
Accounts payable 7,600
Other Current Liabilities 31,000
Total Current Liabilities  (as reported)49,100
Total Current Liabilities  (calculated)43,100
+/- 6,000
Long-term Liabilities
Long term Debt 69,200
Capital Lease Obligations 7,500
Long-term Liabilities  (as reported)104,900
Long-term Liabilities  (calculated)76,700
+/- 28,200
Total Stockholder Equity
Common Stock305,700
Retained Earnings -36,000
Accumulated Other Comprehensive Income -20,900
Total Stockholder Equity (as reported)248,800
Total Stockholder Equity (calculated)248,800
+/-0
Other
Capital Stock305,700
Cash and Short Term Investments 8,100
Common Stock Shares Outstanding 110,799
Current Deferred Revenue7,400
Liabilities and Stockholders Equity 402,800
Net Debt 70,000
Net Invested Capital 319,400
Net Working Capital 12,600
Property Plant and Equipment Gross 127,500
Short Long Term Debt Total 78,100



Balance Sheet

Currency in NZD. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-31
> Total Assets 
73,062
112,841
123,200
125,800
172,000
367,100
402,800
402,800367,100172,000125,800123,200112,84173,062
   > Total Current Assets 
17,804
46,605
43,907
34,000
81,300
61,500
61,700
61,70061,50081,30034,00043,90746,60517,804
       Cash And Cash Equivalents 
934
21,870
16,139
3,400
57,100
13,900
8,100
8,10013,90057,1003,40016,13921,870934
       Net Receivables 
4,322
7,718
5,844
7,500
10,900
21,900
19,000
19,00021,90010,9007,5005,8447,7184,322
       Other Current Assets 
9,208
13,087
17,261
19,900
10,500
14,700
19,200
19,20014,70010,50019,90017,26113,0879,208
   > Long-term Assets 
55,258
66,540
79,292
0
90,700
305,600
341,100
341,100305,60090,700079,29266,54055,258
       Property Plant Equipment 
23,764
23,848
33,901
37,400
34,700
61,700
77,800
77,80061,70034,70037,40033,90123,84823,764
       Goodwill 
0
0
0
0
0
105,100
108,100
108,100105,10000000
       Intangible Assets 
28,663
29,901
33,132
42,100
45,300
123,300
134,000
134,000123,30045,30042,10033,13229,90128,663
       Long-term Assets Other 
906
4,421
4,763
0
3,400
5,200
6,000
6,0005,2003,40004,7634,421906
> Total Liabilities 
27,506
45,680
71,909
74,500
67,400
119,400
154,000
154,000119,40067,40074,50071,90945,68027,506
   > Total Current Liabilities 
18,734
32,342
43,641
30,700
31,900
65,900
49,100
49,10065,90031,90030,70043,64132,34218,734
       Short-term Debt 
0
0
17,945
0
7,400
3,500
3,100
3,1003,5007,400017,94500
       Short Long Term Debt 
0
10,575
17,163
0
6,400
2,100
1,400
1,4002,1006,400017,16310,5750
       Accounts payable 
1,658
2,472
3,522
4,100
4,200
11,600
7,600
7,60011,6004,2004,1003,5222,4721,658
       Other Current Liabilities 
11,900
14,959
16,416
3,600
16,400
45,100
31,000
31,00045,10016,4003,60016,41614,95911,900
   > Long-term Liabilities 
8,773
17,309
28,267
0
35,500
53,500
104,900
104,90053,50035,500028,26717,3098,773
       Long term Debt Total 
0
0
0
38,900
32,800
0
0
0032,80038,900000
       Capital Lease Obligations Min Short Term Debt
0
0
-10,916
0
-2,200
2,200
4,400
4,4002,200-2,2000-10,91600
       Other Liabilities 
1,744
4,866
4,500
4,900
2,700
19,000
0
019,0002,7004,9004,5004,8661,744
> Total Stockholder Equity
45,556
67,161
51,291
51,300
104,600
247,700
248,800
248,800247,700104,60051,30051,29167,16145,556
   Common Stock
58,965
80,326
80,612
80,700
131,700
293,300
305,700
305,700293,300131,70080,70080,61280,32658,965
   Retained Earnings -36,000-35,400-23,700-26,500-27,667-23,025-13,066
   Capital Surplus 0000000
   Treasury Stock0000000
   Other Stockholders Equity 0-10,200-3,400-2,900-1,600-535-343



Balance Sheet

Currency in NZD. All numbers in thousands.




Cash Flow

Currency in NZD. All numbers in thousands.




Income Statement

Currency in NZD. All numbers in thousands.


Latest Income Statement (annual, 2023-03-31)

Gross Profit (+$)
totalRevenue156,300
Cost of Revenue-26,000
Gross Profit130,300130,300
 
Operating Income (+$)
Gross Profit130,300
Operating Expense-143,000
Operating Income1,700-12,700
 
Operating Expense (+$)
Research Development-
Selling General Administrative99,400
Selling And Marketing Expenses-
Operating Expense143,00099,400
 
Net Interest Income (+$)
Interest Income300
Interest Expense-6,800
Other Finance Cost-300
Net Interest Income-6,800
 
Pretax Income (+$)
Operating Income1,700
Net Interest Income-6,800
Other Non-Operating Income Expenses-
Income Before Tax (EBT)-5,100-13,500
EBIT - interestExpense = -5,100
-5,100
3,800
Interest Expense6,800
Earnings Before Interest and Taxes (EBIT)1,7001,700
Earnings Before Interest and Taxes (EBITDA)36,000
 
After tax Income (+$)
Income Before Tax-5,100
Tax Provision--2,100
Net Income From Continuing Ops-3,000-3,000
Net Income-3,000
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses169,000
Total Other Income/Expenses Net15,2006,800
 

Technical Analysis of Eroad
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 Eroad. The general trend of Eroad 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 Eroad'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 EROAD Ltd.

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

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

The bullish price targets are: 0.89 < 0.89 < 0.9.

The bearish price targets are: 0.7 > 0.62 > 0.62.

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EROAD Ltd Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of EROAD Ltd. 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 below the MA 20. -1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 > MA 100: The MA 50 is 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 lower 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

EROAD Ltd Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of EROAD Ltd. The current macd is -0.01007296.

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 Eroad price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Eroad. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Eroad price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending 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
EROAD Ltd Daily Moving Average Convergence/Divergence (MACD) ChartEROAD Ltd Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of EROAD Ltd. The current adx is 21.41.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -2/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Eroad shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bearish trend could be forming. -1
EROAD Ltd Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of EROAD Ltd. The current sar is 0.84995239.

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
EROAD Ltd 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 EROAD Ltd. The current rsi is 47.94. The current phase is Continuation in bear market.

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

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Trending up: The RSI is trending up. +1
EROAD Ltd Daily Relative Strength Index (RSI) ChartEROAD Ltd Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of EROAD Ltd. The current phase is Correction in bear market.

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

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Eroad price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
EROAD Ltd Daily Stochastic Oscillator ChartEROAD Ltd Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of EROAD Ltd. The current cci is -137.65182186.

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

  • CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1
EROAD Ltd Daily Commodity Channel Index (CCI) ChartEROAD Ltd Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of EROAD Ltd. The current cmo is -4.07675154.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
EROAD Ltd Daily Chande Momentum Oscillator (CMO) ChartEROAD Ltd Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of EROAD Ltd. The current willr is -46.42857143.

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

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

4.1 Bollinger Bands

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

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

Score

Let's take a look at the Bollinger Bands of EROAD Ltd.

EROAD Ltd Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of EROAD Ltd. The current atr is 0.0517823.

EROAD Ltd Daily Average True Range (ATR) ChartEROAD Ltd Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

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

Score

Let's take a look at the On-Balance Volume (OBV) of EROAD Ltd. The current obv is 2,737,233.

EROAD Ltd Daily On-Balance Volume (OBV) ChartEROAD Ltd Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of EROAD Ltd. The current mfi is 70.08.

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
EROAD Ltd Daily Money Flow Index (MFI) ChartEROAD Ltd Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for EROAD Ltd.

6.2. Trading Signals

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

DateIndicatorSignal
2023-10-06SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-10-09STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-10-10RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-10-12STOCH LONG EXITThe %K line crosses below the %D line.
2023-10-18SAR 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
2023-10-20WILLR 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).
2023-10-23ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-10-24RSI 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).
2023-10-26SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-10-27CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
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).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-10-30RSI 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).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-01STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-03STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-06DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-07STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-10MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-13MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-15STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-16MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-20STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-21STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-22STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-24STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-28WILLR 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).
2023-11-29STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-30RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-01STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-04WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-05ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-06ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-07STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-08ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-11STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-12STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-14STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-15MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-18STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-19SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-20MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-21RSI SHORT ENTRY LONG CLOSE70 crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-22MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-27STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-28STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-02WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-04CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-05STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-09DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-10DMI 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).
2024-01-11STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
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).
2024-01-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-17STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-22DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-23STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-24DMI 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.
2024-01-25CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-30MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-31STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-02STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-06STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-07DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-08SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-02-09MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-02-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-13STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-14STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-15CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-16STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-19STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-20CCI SHORT ENTRY LONG CLOSE-100 crossover to downside

6.3. Candlestick Patterns

EROAD Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5047.937
Ma 20Greater thanMa 500.846
Ma 50Greater thanMa 1000.874
Ma 100Greater thanMa 2000.763
OpenGreater thanClose0.790
Total1/5 (20.0%)
Penke

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