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Fortress Income Fund Ltd
Buy, Hold or Sell?

Let's analyse Fortress Income Fund Ltd together

PenkeI guess you are interested in Fortress Income Fund 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 Fortress Income Fund 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 Fortress Income Fund Ltd (30 sec.)










What can you expect buying and holding a share of Fortress Income Fund Ltd? (30 sec.)

How much money do you get?

How much money do you get?
R0.00
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
R1,583.33
Expected worth in 1 year
R2,820.44
How sure are you?
70.0%

+ What do you gain per year?

Total Gains per Share
R1,237.80
Return On Investment
78.4%

For what price can you sell your share?

Current Price per Share
R1,578.00
Expected price per share
R1,484 - R1,720
How sure are you?
50%

1. Valuation of Fortress Income Fund Ltd (5 min.)




Live pricePrice per Share (EOD)

R1,578.00

Intrinsic Value Per Share

R582.98 - R1,211.93

Total Value Per Share

R2,166.31 - R2,795.26

2. Growth of Fortress Income Fund Ltd (5 min.)




Is Fortress Income Fund Ltd growing?

Current yearPrevious yearGrowGrow %
How rich?$1.7b$1.4b$346.3m19.6%

How much money is Fortress Income Fund Ltd making?

Current yearPrevious yearGrowGrow %
Making money$312.4m$41m$271.3m86.9%
Net Profit Margin156.2%22.6%--

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

3. Financial Health of Fortress Income Fund Ltd (5 min.)




What can you expect buying and holding a share of Fortress Income Fund Ltd? (5 min.)

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

What can you expect buying and holding a share of Fortress Income Fund Ltd?

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

Speculation

The Price per Share of Fortress Income Fund Ltd is R1,578. 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 Fortress Income Fund Ltd.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Fortress Income Fund Ltd, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is R1,583.33. Based on the TTM, the Book Value Change Per Share is R309.28 per quarter. Based on the YOY, the Book Value Change Per Share is R0.71 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 R0.17 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Fortress Income Fund Ltd.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 R% of Price per ShareR% of Price per ShareR% of Price per ShareR% of Price per ShareR% of Price per Share
Usd Eps0.150.0%0.150.0%0.020.0%0.020.0%0.010.0%
Usd Book Value Change Per Share0.160.0%0.160.0%0.000.0%-0.010.0%0.080.0%
Usd Dividend Per Share0.000.0%0.000.0%0.020.0%0.030.0%0.050.0%
Usd Total Gains Per Share0.160.0%0.160.0%0.020.0%0.020.0%0.130.0%
Usd Price Per Share0.68-0.68-0.56-0.75-0.80-
Price to Earnings Ratio4.60-4.60-29.08-11.51-7.22-
Price-to-Total Gains Ratio4.16-4.16-25.29-12.71-6.04-
Price to Book Ratio0.81-0.81-0.84-1.04-1.07-
Price-to-Total Gains Ratio4.16-4.16-25.29-12.71-6.04-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.833184
Number of shares1200
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.03
Usd Book Value Change Per Share0.16-0.01
Usd Total Gains Per Share0.160.02
Gains per Quarter (1200 shares)196.0728.45
Gains per Year (1200 shares)784.27113.79
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10784774144-31104
2115681558289-61218
3123522342433-92332
4231353126577-122446
5239193910722-153560
6347034694866-183674
73548754781010-214788
83627162621155-244902
94705570461299-2751016
104783878301443-3061130

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%4.01.00.080.0%7.03.00.070.0%7.03.00.070.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%3.02.00.060.0%6.04.00.060.0%6.04.00.060.0%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%10.00.00.0100.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%4.01.00.080.0%7.03.00.070.0%7.03.00.070.0%

Fundamentals of Fortress Income Fund Ltd

About Fortress Income Fund Ltd

Leveraging our specialised knowledge and expertise, our progress is powered by growing an increasingly responsible, sustainable and collaborative business that creates sustainable long-term value for our economic, organisational and societal stakeholders over time. We have an unwavering commitment to the tenants, communities, investors and industry we serve to ensure collective growth.

Fundamental data was last updated by Penke on 2024-03-09 09:38:03.

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 operating very efficient.
The company is very efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable 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 cheap.
Based on how much money comes from the company's main activities, the company is underpriced.

1.1. Profitability of Fortress Income Fund Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Fortress Income Fund Ltd earns for each 1 of revenue.

  • Above 10% is considered healthy but always compare Fortress Income Fund Ltd to the  industry mean.
  • A Net Profit Margin of 156.2% means that 1.56 for each 1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Fortress Income Fund Ltd:

  • The MRQ is 156.2%. The company is making a huge profit. +2
  • The TTM is 156.2%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ156.2%TTM156.2%0.0%
TTM156.2%YOY22.6%+133.6%
TTM156.2%5Y24.6%+131.6%
5Y24.6%10Y25.7%-1.1%
1.1.2. Return on Assets

Shows how efficient Fortress Income Fund Ltd is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Fortress Income Fund Ltd to the  industry mean.
  • 10.9% Return on Assets means that Fortress Income Fund Ltd generated 0.11 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Fortress Income Fund Ltd:

  • The MRQ is 10.9%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 10.9%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ10.9%TTM10.9%0.0%
TTM10.9%YOY1.6%+9.3%
TTM10.9%5Y1.1%+9.8%
5Y1.1%10Y2.4%-1.3%
1.1.3. Return on Equity

Shows how efficient Fortress Income Fund Ltd is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Fortress Income Fund Ltd to the  industry mean.
  • 17.8% Return on Equity means Fortress Income Fund Ltd generated 0.18 for each 1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Fortress Income Fund Ltd:

  • The MRQ is 17.8%. Using its investors money, the company is efficient in making profit. +1
  • The TTM is 17.8%. Using its investors money, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ17.8%TTM17.8%0.0%
TTM17.8%YOY2.9%+14.8%
TTM17.8%5Y1.2%+16.6%
5Y1.2%10Y3.0%-1.9%

1.2. Operating Efficiency of Fortress Income Fund Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Fortress Income Fund Ltd is operating .

  • Measures how much profit Fortress Income Fund Ltd makes for each 1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Fortress Income Fund Ltd to the  industry mean.
  • An Operating Margin of 95.8% means the company generated 0.96  for each 1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Fortress Income Fund Ltd:

  • The MRQ is 95.8%. The company is operating very efficient. +2
  • The TTM is 95.8%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ95.8%TTM95.8%0.0%
TTM95.8%YOY104.6%-8.8%
TTM95.8%5Y70.3%+25.5%
5Y70.3%10Y51.3%+19.0%
1.2.2. Operating Ratio

Measures how efficient Fortress Income Fund Ltd is keeping operating costs low.

  • Below 1 is considered healthy (always compare to  industry mean).
  • An Operation Ratio of 0.48 means that the operating costs are 0.48 for each 1 in net sales.

Let's take a look of the Operating Ratio trends of Fortress Income Fund Ltd:

  • The MRQ is 0.481. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.481. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.481TTM0.4810.000
TTM0.481YOY0.473+0.008
TTM0.4815Y0.464+0.017
5Y0.46410Y0.538-0.074

1.3. Liquidity of Fortress Income Fund Ltd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Fortress Income Fund Ltd is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to  industry mean).
  • A Current Ratio of 0.42 means the company has 0.42 in assets for each 1 in short-term debts.

Let's take a look of the Current Ratio trends of Fortress Income Fund Ltd:

  • The MRQ is 0.425. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.425. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.425TTM0.4250.000
TTM0.425YOY0.354+0.071
TTM0.4255Y0.395+0.029
5Y0.39510Y0.455-0.059
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Fortress Income Fund Ltd to the  industry mean.
  • A Quick Ratio of 0.49 means the company can pay off 0.49 for each 1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Fortress Income Fund Ltd:

  • The MRQ is 0.487. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.487. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.487TTM0.4870.000
TTM0.487YOY0.348+0.140
TTM0.4875Y0.385+0.102
5Y0.38510Y0.324+0.061

1.4. Solvency of Fortress Income Fund Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Fortress Income Fund Ltd assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Fortress Income Fund Ltd to industry mean.
  • A Debt to Asset Ratio of 0.38 means that Fortress Income Fund Ltd 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 Fortress Income Fund 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
TTM0.382YOY0.433-0.052
TTM0.3825Y0.400-0.018
5Y0.40010Y0.343+0.057
1.4.2. Debt to Equity Ratio

Measures if Fortress Income Fund Ltd is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Fortress Income Fund Ltd to the  industry mean.
  • A Debt to Equity ratio of 62.2% 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 Fortress Income Fund Ltd:

  • The MRQ is 0.622. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.622. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.622TTM0.6220.000
TTM0.622YOY0.771-0.150
TTM0.6225Y0.676-0.054
5Y0.67610Y0.540+0.136

2. Market Valuation of Fortress Income Fund 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 Fortress Income Fund Ltd generates.

  • Above 15 is considered overpriced but always compare Fortress Income Fund Ltd to the  industry mean.
  • A PE ratio of 4.60 means the investor is paying 4.60 for every 1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Fortress Income Fund Ltd:

  • The EOD is 5.646. Based on the earnings, the company is cheap. +2
  • The MRQ is 4.601. Based on the earnings, the company is cheap. +2
  • The TTM is 4.601. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD5.646MRQ4.601+1.045
MRQ4.601TTM4.6010.000
TTM4.601YOY29.082-24.481
TTM4.6015Y11.514-6.913
5Y11.51410Y7.217+4.297
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is 32.616. Based on how much money comes from the company's main activities, the company is fair priced.
  • The MRQ is 26.580. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 26.580. Based on how much money comes from the company's main activities, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD32.616MRQ26.580+6.035
MRQ26.580TTM26.5800.000
TTM26.580YOY17.168+9.412
TTM26.5805Y23.667+2.913
5Y23.66710Y7.221+16.446
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Fortress Income Fund Ltd is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to industry mean).
  • A PB ratio of 0.81 means the investor is paying 0.81 for each 1 in book value.

Let's take a look of the Price to Book Ratio trends of Fortress Income Fund Ltd:

  • The EOD is 0.997. Based on the equity, the company is cheap. +2
  • The MRQ is 0.812. Based on the equity, the company is cheap. +2
  • The TTM is 0.812. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.997MRQ0.812+0.184
MRQ0.812TTM0.8120.000
TTM0.812YOY0.839-0.027
TTM0.8125Y1.039-0.227
5Y1.03910Y1.072-0.033
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Fortress Income Fund 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--309.279309.2790%0.710+43454%-12.056+104%158.333+95%
Book Value Per Share--1583.3281583.3280%1274.050+24%1364.121+16%1594.376-1%
Current Ratio--0.4250.4250%0.354+20%0.395+7%0.455-7%
Debt To Asset Ratio--0.3820.3820%0.433-12%0.400-5%0.343+11%
Debt To Equity Ratio--0.6220.6220%0.771-19%0.676-8%0.540+15%
Dividend Per Share--0.1710.1710%41.556-100%56.955-100%93.921-100%
Eps--279.510279.5100%36.758+660%39.753+603%12.867+2072%
Free Cash Flow Per Share--48.38248.3820%62.267-22%23.133+109%-8.033+117%
Free Cash Flow To Equity Per Share--38.84138.8410%155.337-75%20.792+87%-20.190+152%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--1211.928--------
Intrinsic Value_10Y_min--582.979--------
Intrinsic Value_1Y_max--65.227--------
Intrinsic Value_1Y_min--32.358--------
Intrinsic Value_3Y_max--238.824--------
Intrinsic Value_3Y_min--120.370--------
Intrinsic Value_5Y_max--464.075--------
Intrinsic Value_5Y_min--233.076--------
Market Cap1846228490496.000-47%2722523456654.0002722523456654.0000%2262072050402.000+20%3076746229335.200-12%2822864444420.000-4%
Net Profit Margin--1.5621.5620%0.226+592%0.246+534%0.257+507%
Operating Margin--0.9580.9580%1.046-8%0.703+36%0.513+87%
Operating Ratio--0.4810.4810%0.473+2%0.464+4%0.538-11%
Pb Ratio0.997+19%0.8120.8120%0.839-3%1.039-22%1.072-24%
Pe Ratio5.646+19%4.6014.6010%29.082-84%11.514-60%7.217-36%
Price Per Share1578.000+19%1286.0001286.0000%1069.000+20%1420.400-9%1507.700-15%
Price To Free Cash Flow Ratio32.616+19%26.58026.5800%17.168+55%23.667+12%7.221+268%
Price To Total Gains Ratio5.099+19%4.1564.1560%25.292-84%12.711-67%6.044-31%
Quick Ratio--0.4870.4870%0.348+40%0.385+26%0.324+50%
Return On Assets--0.1090.1090%0.016+568%0.011+907%0.024+359%
Return On Equity--0.1780.1780%0.029+510%0.012+1441%0.030+489%
Total Gains Per Share--309.449309.4490%42.266+632%44.899+589%252.254+23%
Usd Book Value--1769846337.6001769846337.6000%1423472212.800+24%1553219352.960+14%1548339175.680+14%
Usd Book Value Change Per Share--0.1630.1630%0.000+43454%-0.006+104%0.084+95%
Usd Book Value Per Share--0.8360.8360%0.673+24%0.720+16%0.842-1%
Usd Dividend Per Share--0.0000.0000%0.022-100%0.030-100%0.050-100%
Usd Eps--0.1480.1480%0.019+660%0.021+603%0.007+2072%
Usd Free Cash Flow--54081350.40054081350.4000%69569332.800-22%25393209.600+113%-7737681.600+114%
Usd Free Cash Flow Per Share--0.0260.0260%0.033-22%0.012+109%-0.004+117%
Usd Free Cash Flow To Equity Per Share--0.0210.0210%0.082-75%0.011+87%-0.011+152%
Usd Market Cap974808642.982-47%1437492385.1131437492385.1130%1194374042.612+20%1624522009.089-12%1490472426.654-4%
Usd Price Per Share0.833+19%0.6790.6790%0.564+20%0.750-9%0.796-15%
Usd Profit--312436713.600312436713.6000%41068737.600+661%45369698.880+589%17075203.200+1730%
Usd Revenue--200003971.200200003971.2000%181973668.800+10%187054443.840+7%155701824.960+28%
Usd Total Gains Per Share--0.1630.1630%0.022+632%0.024+589%0.133+23%
 EOD+2 -6MRQTTM+0 -0YOY+23 -125Y+27 -810Y+23 -12

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-155.646
Price to Book Ratio (EOD)Between0-10.997
Net Profit Margin (MRQ)Greater than01.562
Operating Margin (MRQ)Greater than00.958
Quick Ratio (MRQ)Greater than10.487
Current Ratio (MRQ)Greater than10.425
Debt to Asset Ratio (MRQ)Less than10.382
Debt to Equity Ratio (MRQ)Less than10.622
Return on Equity (MRQ)Greater than0.150.178
Return on Assets (MRQ)Greater than0.050.109
Total8/10 (80.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5049.234
Ma 20Greater thanMa 501,609.600
Ma 50Greater thanMa 1001,560.520
Ma 100Greater thanMa 2001,449.610
OpenGreater thanClose1,582.000
Total4/5 (80.0%)



Reversals in quarterly reports

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

 2019-06-302020-06-302021-06-302022-06-302023-06-30
Other Current Assets  86,653,800-11,665,20074,988,60044,258,000119,246,60050,684,100169,930,700-299,266,800-129,336,100
Long-term Assets Other  5,254,418,500-1,684,043,0003,570,375,500-26,401,0003,543,974,500147,734,8003,691,709,300-8,411,513,900-4,719,804,600



Latest Balance Sheet

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

Summary
Total Assets54,237,773
Total Liabilities20,717,956
Total Stockholder Equity33,330,390
 As reported
Total Liabilities 20,717,956
Total Stockholder Equity+ 33,330,390
Total Assets = 54,237,773

Assets

Total Assets54,237,773
Total Current Assets1,842,829
Long-term Assets52,394,944
Total Current Assets
Cash And Cash Equivalents 208,451
Short-term Investments 821,752
Net Receivables 1,084,910
Inventory -821,752
Total Current Assets  (as reported)1,842,829
Total Current Assets  (calculated)1,293,361
+/- 549,468
Long-term Assets
Property Plant Equipment 25,326
Other Assets 5,101,748
Long-term Assets  (as reported)52,394,944
Long-term Assets  (calculated)5,127,074
+/- 47,267,870

Liabilities & Shareholders' Equity

Total Current Liabilities4,340,985
Long-term Liabilities16,376,971
Total Stockholder Equity33,330,390
Total Current Liabilities
Short-term Debt 3,013,692
Short Long Term Debt 3,013,692
Accounts payable 1,181,691
Other Current Liabilities 118,577
Total Current Liabilities  (as reported)4,340,985
Total Current Liabilities  (calculated)7,327,652
+/- 2,986,667
Long-term Liabilities
Long term Debt 16,021,674
Other Liabilities 355,297
Long-term Liabilities  (as reported)16,376,971
Long-term Liabilities  (calculated)16,376,971
+/-0
Total Stockholder Equity
Common Stock45,571,743
Accumulated Other Comprehensive Income -10,200,469
Other Stockholders Equity -2,040,884
Total Stockholder Equity (as reported)33,330,390
Total Stockholder Equity (calculated)33,330,390
+/-0
Other
Capital Stock45,571,743
Cash and Short Term Investments 208,451
Common Stock Shares Outstanding 2,117,048
Current Deferred Revenue27,025
Liabilities and Stockholders Equity 54,237,773
Net Debt 18,826,915
Net Invested Capital 52,365,756
Net Tangible Assets 33,330,390
Net Working Capital -2,498,156
Property Plant and Equipment Gross 25,326
Short Long Term Debt Total 19,035,366



Balance Sheet

Currency in ZAR. All numbers in thousands.

 Trend2023-06-302022-06-302021-06-302020-06-302019-06-302018-06-302017-06-302016-06-302015-06-302014-06-30
> Total Assets 
13,465,169
18,396,600
55,167,000
62,065,981
56,644,067
53,450,279
43,204,349
45,626,101
47,588,829
54,237,773
54,237,77347,588,82945,626,10143,204,34953,450,27956,644,06762,065,98155,167,00018,396,60013,465,169
   > Total Current Assets 
274,365
597,301
1,395,532
1,921,566
2,032,216
878,055
1,236,807
1,735,479
2,392,908
1,842,829
1,842,8292,392,9081,735,4791,236,807878,0552,032,2161,921,5661,395,532597,301274,365
       Cash And Cash Equivalents 
3,696
4,686
9,901
15,770
676,851
11,517
486,921
543,013
693,601
208,451
208,451693,601543,013486,92111,517676,85115,7709,9014,6863,696
       Short-term Investments 
0
0
223,945
1,002,210
0
0
280,612
311,147
719,627
821,752
821,752719,627311,147280,612001,002,210223,94500
       Net Receivables 
165,831
196,719
82,631
395,804
411,837
423,131
686,936
718,377
937,102
1,084,910
1,084,910937,102718,377686,936423,131411,837395,80482,631196,719165,831
       Other Current Assets 
33,637
337,964
1,568
1,284,234
908,345
866,538
749,886
1,192,466
1,699,307
-1,293,361
-1,293,3611,699,3071,192,466749,886866,538908,3451,284,2341,568337,96433,637
   > Long-term Assets 
0
0
53,771,468
60,144,415
55,215,141
52,572,224
41,967,542
43,890,622
45,195,921
52,394,944
52,394,94445,195,92143,890,62241,967,54252,572,22455,215,14160,144,41553,771,46800
       Property Plant Equipment 
5,772,155
6,550,778
25,996,283
28,131,084
29,116,897
28,039
27,587
25,778
25,778
25,326
25,32625,77825,77827,58728,03929,116,89728,131,08425,996,2836,550,7785,772,155
       Long Term Investments 
4,919,556
7,131,859
18,389,267
15,278,349
12,712,570
14,589,711
0
0
0
0
000014,589,71112,712,57015,278,34918,389,2677,131,8594,919,556
       Long-term Assets Other 
0
0
282,850
364,862
469,458
52,544,185
35,703,755
35,439,745
36,917,093
-47,198,046
-47,198,04636,917,09335,439,74535,703,75552,544,185469,458364,862282,85000
> Total Liabilities 
3,852,160
4,935,789
14,242,511
16,953,418
19,594,049
18,430,076
18,998,910
18,246,095
20,629,128
20,717,956
20,717,95620,629,12818,246,09518,998,91018,430,07619,594,04916,953,41814,242,5114,935,7893,852,160
   > Total Current Liabilities 
1,255,468
1,900,983
2,189,683
2,001,792
4,622,999
3,759,563
3,267,846
2,961,411
6,761,707
4,340,985
4,340,9856,761,7072,961,4113,267,8463,759,5634,622,9992,001,7922,189,6831,900,9831,255,468
       Short-term Debt 
3,061,322
4,180,971
1,638,365
1,000,310
3,341,781
2,606,807
1,038,086
1,336,462
5,329,739
3,013,692
3,013,6925,329,7391,336,4621,038,0862,606,8073,341,7811,000,3101,638,3654,180,9713,061,322
       Short Long Term Debt 
3,061,322
4,180,971
1,638,365
1,000,310
3,341,781
2,606,807
1,038,086
1,336,462
5,329,739
3,013,692
3,013,6925,329,7391,336,4621,038,0862,606,8073,341,7811,000,3101,638,3654,180,9713,061,322
       Accounts payable 
0
0
135,592
144,738
1,281,218
975,802
2,008,031
1,436,129
-25,894
1,181,691
1,181,691-25,8941,436,1292,008,031975,8021,281,218144,738135,59200
       Other Current Liabilities 
390,904
65,414
0
564,833
954,195
176,954
-15,452
-17,403
1,431,968
118,577
118,5771,431,968-17,403-15,452176,954954,195564,833065,414390,904
   > Long-term Liabilities 
0
0
12,052,828
14,951,626
14,971,050
14,670,513
15,731,064
15,284,684
13,867,421
16,376,971
16,376,97113,867,42115,284,68415,731,06414,670,51314,971,05014,951,62612,052,82800
       Long term Debt Total 
0
0
0
13,804,864
14,924,587
14,570,884
15,668,241
15,236,581
13,787,328
0
013,787,32815,236,58115,668,24114,570,88414,924,58713,804,864000
> Total Stockholder Equity
9,613,009
13,460,811
40,924,489
45,074,462
36,951,001
34,897,324
24,116,771
27,257,162
26,740,401
33,330,390
33,330,39026,740,40127,257,16224,116,77134,897,32436,951,00145,074,46240,924,48913,460,8119,613,009
   Common Stock
8,486
7,441,388
42,241,795
45,072,151
45,571,944
45,571,807
45,571,743
45,571,743
45,571,743
45,571,743
45,571,74345,571,74345,571,74345,571,74345,571,80745,571,94445,072,15142,241,7957,441,3888,486
   Retained Earnings 
3,455,641
0
0
136,460
-8,390,593
-9,100,983
-19,989,847
-16,864,739
-16,905,858
0
0-16,905,858-16,864,739-19,989,847-9,100,983-8,390,593136,460003,455,641
   Capital Surplus 0000000000
   Treasury Stock0000000000
   Other Stockholders Equity 
3,818,612
6,019,423
-1,212,479
2,311
-8,361,772
-10,674,483
-1,578,517
-1,578,517
-2,040,884
-2,040,884
-2,040,884-2,040,884-1,578,517-1,578,517-10,674,483-8,361,7722,311-1,212,4796,019,4233,818,612



Balance Sheet

Currency in ZAR. All numbers in thousands.




Cash Flow

Currency in ZAR. All numbers in thousands.




Income Statement

Currency in ZAR. All numbers in thousands.


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

Gross Profit (+$)
totalRevenue3,787,954
Cost of Revenue-1,545,111
Gross Profit2,242,8432,242,843
 
Operating Income (+$)
Gross Profit2,242,843
Operating Expense-277,757
Operating Income4,327,8101,965,086
 
Operating Expense (+$)
Research Development-
Selling General Administrative222,178
Selling And Marketing Expenses-
Operating Expense277,757222,178
 
Net Interest Income (+$)
Interest Income63,253
Interest Expense-1,225,680
Other Finance Cost-0
Net Interest Income-1,162,427
 
Pretax Income (+$)
Operating Income4,327,810
Net Interest Income-1,162,427
Other Non-Operating Income Expenses-
Income Before Tax (EBT)4,623,8084,031,812
EBIT - interestExpense = 2,403,679
4,653,167
7,143,042
Interest Expense1,225,680
Earnings Before Interest and Taxes (EBIT)3,629,3595,849,488
Earnings Before Interest and Taxes (EBITDA)3,651,452
 
After tax Income (+$)
Income Before Tax4,623,808
Tax Provision--1,264,195
Net Income From Continuing Ops5,888,0035,888,003
Net Income5,917,362
Net Income Applicable To Common Shares5,917,362
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses1,822,868
Total Other Income/Expenses Net295,9981,162,427
 

Technical Analysis of Fortress Income Fund Ltd
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Fortress Income Fund Ltd. The general trend of Fortress Income Fund Ltd is BULLISH with 71.4% 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 Fortress Income Fund Ltd's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

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

Indicator zone transitionsBullish trend (71.4%) Bearish trend (-71.4%)
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 Fortress Income Fund 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: 1,600 < 1,720.

The bearish price targets are: 1,522 > 1,496 > 1,484.

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Fortress Income Fund 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 Fortress Income Fund Ltd. The current mas is .

The long score for the Moving Averages is 12/14.
The longshort score for the Moving Averages is 10/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below 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

Fortress Income Fund 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 Fortress Income Fund Ltd. The current macd is -0.77406459.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-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 Fortress Income Fund Ltd price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Fortress Income Fund Ltd. 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 Fortress Income Fund Ltd 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 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
Fortress Income Fund Ltd Daily Moving Average Convergence/Divergence (MACD) ChartFortress Income Fund 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 Fortress Income Fund Ltd. The current adx is 19.16.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-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 Fortress Income Fund Ltd shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Fortress Income Fund 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 Fortress Income Fund Ltd. The current sar is 1,680.

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
Fortress Income Fund Ltd 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 Fortress Income Fund Ltd. The current rsi is 49.23. The current phase is Correction in bull market.

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

  • Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
  • Trending up: The RSI is trending up. +1
Fortress Income Fund Ltd Daily Relative Strength Index (RSI) ChartFortress Income Fund 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 Fortress Income Fund Ltd. The current phase is Correction in bull market.

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

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Fortress Income Fund Ltd price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Fortress Income Fund Ltd Daily Stochastic Oscillator ChartFortress Income Fund 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 Fortress Income Fund Ltd. The current cci is -65.0582163.

Fortress Income Fund Ltd Daily Commodity Channel Index (CCI) ChartFortress Income Fund 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 Fortress Income Fund Ltd. The current cmo is -5.81421854.

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
Fortress Income Fund Ltd Daily Chande Momentum Oscillator (CMO) ChartFortress Income Fund 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 Fortress Income Fund Ltd. The current willr is -66.66666667.

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 Fortress Income Fund Ltd is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Fortress Income Fund Ltd Daily Williams %R ChartFortress Income Fund Ltd 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 Fortress Income Fund Ltd.

Fortress Income Fund 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 Fortress Income Fund Ltd. The current atr is 37.35.

Fortress Income Fund Ltd Daily Average True Range (ATR) ChartFortress Income Fund Ltd 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 Fortress Income Fund Ltd. The current obv is 40,141,674.

Fortress Income Fund Ltd Daily On-Balance Volume (OBV) ChartFortress Income Fund 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 Fortress Income Fund Ltd. The current mfi is 39.87.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Fortress Income Fund Ltd Daily Money Flow Index (MFI) ChartFortress Income Fund Ltd Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Fortress Income Fund 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
2023-11-02STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-06CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-07MACD 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.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-11-09CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-11-10STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-13SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH 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.
2023-11-14STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-11-15DMI 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
2023-11-16DMI 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
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).
2023-11-17STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-21STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-22STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-23MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2023-11-24DMI 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.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-11-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-29STOCH 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
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-30STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-05STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-07STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-11SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-12-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-14STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-19STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-21STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-22MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-27WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-28STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-03STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-04STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-08CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-12STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-15SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-01-16STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-18MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-19CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-22STOCH LONG EXITThe %K line crosses below the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-23STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-24STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-30MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-01STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-05SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-06STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-07MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-08MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-02-13STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-14SAR 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
2024-02-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-16RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-02-19DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-20STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-21WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-22SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-02-23MACD 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 LONG EXITThe %K line crosses below the %D line.
2024-02-27STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-04RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-06MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-03-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-14WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-15DMI 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
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-18STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-20DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-25STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

Fortress Income Fund Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5049.234
Ma 20Greater thanMa 501,609.600
Ma 50Greater thanMa 1001,560.520
Ma 100Greater thanMa 2001,449.610
OpenGreater thanClose1,582.000
Total4/5 (80.0%)
Penke

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