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Innovotech Inc
Buy, Hold or Sell?

Let's analyse Innovotech together

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

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

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

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Quick analysis of Innovotech (30 sec.)










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

How much money do you get?

How much money do you get?
C$0.00
When do you have the money?
1 year
How often do you get paid?
0.0%

What is your share worth?

Current worth
C$0.03
Expected worth in 1 year
C$0.02
How sure are you?
53.6%

+ What do you gain per year?

Total Gains per Share
C$0.00
Return On Investment
-3.3%

For what price can you sell your share?

Current Price per Share
C$0.11
Expected price per share
C$0.1 - C$0.1
How sure are you?
50%

1. Valuation of Innovotech (5 min.)




Live pricePrice per Share (EOD)

C$0.11

Intrinsic Value Per Share

C$-0.18 - C$-0.22

Total Value Per Share

C$-0.16 - C$-0.19

2. Growth of Innovotech (5 min.)




Is Innovotech growing?

Current yearPrevious yearGrowGrow %
How rich?$723.3k$833.4k-$85.7k-11.5%

How much money is Innovotech making?

Current yearPrevious yearGrowGrow %
Making money-$38.8k$27.5k-$66.3k-170.9%
Net Profit Margin-28.9%5.2%--

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

3. Financial Health of Innovotech (5 min.)




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




  Industry Rankings (Biotechnology)  


Richest
#862 / 1031

Most Revenue
#588 / 1031

Most Profit
#174 / 1031

Most Efficient
#528 / 1031

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

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

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

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

Speculation

The Price per Share of Innovotech is C$0.11. 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 Innovotech.
  • 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 Innovotech, 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 C$0.03. Based on the TTM, the Book Value Change Per Share is C$0.00 per quarter. Based on the YOY, the Book Value Change Per Share is C$0.00 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 C$0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Innovotech.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 C$% of Price per ShareC$% of Price per ShareC$% of Price per ShareC$% of Price per ShareC$% of Price per Share
Usd Eps0.00-2.0%0.000.4%0.000.2%0.000.3%0.000.5%
Usd Book Value Change Per Share0.00-1.1%0.00-0.6%0.000.8%0.000.8%0.000.1%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.00-1.1%0.00-0.6%0.000.8%0.000.8%0.000.1%
Usd Price Per Share0.07-0.09-0.14-0.11-0.09-
Price to Earnings Ratio-8.28-10.94--4.16-10.01-5.31-
Price-to-Total Gains Ratio-59.88--39.73--29.16-48.71-27.16-
Price to Book Ratio3.96-4.70-6.44-3.99-5.93-
Price-to-Total Gains Ratio-59.88--39.73--29.16-48.71-27.16-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.080993
Number of shares12346
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.000.00
Usd Total Gains Per Share0.000.00
Gains per Quarter (12346 shares)-8.2610.82
Gains per Year (12346 shares)-33.0443.28
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10-33-4304333
20-66-7608776
30-99-1090130119
40-132-1420173162
50-165-1750216205
60-198-2080260248
70-231-2410303291
80-264-2740346334
90-297-3070390377
100-330-3400433420

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 Share3.01.00.075.0%8.04.00.066.7%12.08.00.060.0%15.013.00.053.6%15.016.00.048.4%
Book Value Change Per Share1.03.00.025.0%6.06.00.050.0%11.09.00.055.0%15.013.00.053.6%16.015.00.051.6%
Dividend per Share0.00.04.00.0%0.00.012.00.0%0.00.020.00.0%0.00.028.00.0%0.00.031.00.0%
Total Gains per Share1.03.00.025.0%6.06.00.050.0%11.09.00.055.0%15.013.00.053.6%16.015.00.051.6%

Fundamentals of Innovotech

About Innovotech Inc

Innovotech Inc. offers assay kits used in growing microbial biofilms for research purposes in Canada, the United States, and internationally. The company offers InnovoSIL, a silver periodate antimicrobial compounds for medical applications; MBEC Assay kit, a petri dish for biofilms, which are used for research and medical device testing of microbial biofilms; and AgreGuard, an antimicrobial for crop protection. It also provides antimicrobial contract research and antimicrobial testing; antimicrobial and anti-biofilm agents; antimicrobial and anti-biofilm materials; BEST assay testing; implanted medical devices; bacteriophage testing; and analytical services. The company serves customers in the areas of biofilm issues, including catheter and implant medical devices, antibiotic drug development, wound healing, paint and specialized coatings, water system antimicrobial agents, dental treatments and water line antimicrobial agents, and bacterial and fungal agricultural crop diseases, as well as disinfectants in food. Innovotech Inc. is headquartered in Edmonton, Canada.

Fundamental data was last updated by Penke on 2024-03-10 07:08:05.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

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

1.1. Profitability of Innovotech Inc.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Innovotech to the Biotechnology industry mean.
  • A Net Profit Margin of -67.2% means that $-0.67 for each $1 in revenue is generated as profit.

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

  • The MRQ is -67.2%. The company is making a huge loss. -2
  • The TTM is -28.9%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-67.2%TTM-28.9%-38.4%
TTM-28.9%YOY5.2%-34.1%
TTM-28.9%5Y-4.7%-24.1%
5Y-4.7%10Y3.3%-8.0%
Compared to industry (Biotechnology)
PeriodCompanyIndustry (mean)+/- 
MRQ-67.2%-159.2%+92.0%
TTM-28.9%-202.3%+173.4%
YOY5.2%-263.0%+268.2%
5Y-4.7%-452.4%+447.7%
10Y3.3%-589.0%+592.3%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Innovotech to the Biotechnology industry mean.
  • -11.0% Return on Assets means that Innovotech generated $-0.11 profit for each $1 in assets.

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

  • The MRQ is -11.0%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -4.7%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-11.0%TTM-4.7%-6.2%
TTM-4.7%YOY2.6%-7.3%
TTM-4.7%5Y-0.2%-4.5%
5Y-0.2%10Y5.5%-5.7%
Compared to industry (Biotechnology)
PeriodCompanyIndustry (mean)+/- 
MRQ-11.0%-12.5%+1.5%
TTM-4.7%-12.2%+7.5%
YOY2.6%-11.2%+13.8%
5Y-0.2%-13.3%+13.1%
10Y5.5%-14.6%+20.1%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Innovotech to the Biotechnology industry mean.
  • -12.6% Return on Equity means Innovotech generated $-0.13 for each $1 the owners (shareholders) invested.

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

  • The MRQ is -12.6%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -5.5%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-12.6%TTM-5.5%-7.1%
TTM-5.5%YOY3.1%-8.6%
TTM-5.5%5Y5.7%-11.2%
5Y5.7%10Y-0.8%+6.4%
Compared to industry (Biotechnology)
PeriodCompanyIndustry (mean)+/- 
MRQ-12.6%-16.0%+3.4%
TTM-5.5%-15.8%+10.3%
YOY3.1%-13.9%+17.0%
5Y5.7%-18.2%+23.9%
10Y-0.8%-19.1%+18.3%

1.2. Operating Efficiency of Innovotech Inc.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Innovotech is operating .

  • Measures how much profit Innovotech 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 Innovotech to the Biotechnology industry mean.
  • An Operating Margin of 0.0% means the company generated $0.00  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Innovotech Inc:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM4.3%-4.3%
TTM4.3%YOY-4.0%+8.4%
TTM4.3%5Y0.4%+4.0%
5Y0.4%10Y-0.3%+0.6%
Compared to industry (Biotechnology)
PeriodCompanyIndustry (mean)+/- 
MRQ--299.5%+299.5%
TTM4.3%-208.5%+212.8%
YOY-4.0%-280.2%+276.2%
5Y0.4%-459.9%+460.3%
10Y-0.3%-596.9%+596.6%
1.2.2. Operating Ratio

Measures how efficient Innovotech is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Biotechnology industry mean).
  • An Operation Ratio of 2.55 means that the operating costs are $2.55 for each $1 in net sales.

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

  • The MRQ is 2.554. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.742. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ2.554TTM1.742+0.812
TTM1.742YOY1.288+0.454
TTM1.7425Y1.377+0.365
5Y1.37710Y1.352+0.025
Compared to industry (Biotechnology)
PeriodCompanyIndustry (mean)+/- 
MRQ2.5542.817-0.263
TTM1.7423.181-1.439
YOY1.2883.609-2.321
5Y1.3775.554-4.177
10Y1.3527.396-6.044

1.3. Liquidity of Innovotech Inc.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Biotechnology industry mean).
  • A Current Ratio of 6.59 means the company has $6.59 in assets for each $1 in short-term debts.

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

  • The MRQ is 6.592. The company is very able to pay all its short-term debts. +2
  • The TTM is 6.925. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ6.592TTM6.925-0.333
TTM6.925YOY5.245+1.680
TTM6.9255Y4.470+2.455
5Y4.47010Y3.407+1.063
Compared to industry (Biotechnology)
PeriodCompanyIndustry (mean)+/- 
MRQ6.5923.987+2.605
TTM6.9254.440+2.485
YOY5.2455.569-0.324
5Y4.4706.158-1.688
10Y3.4076.492-3.085
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Innovotech to the Biotechnology industry mean.
  • A Quick Ratio of 3.78 means the company can pay off $3.78 for each $1 in debt (using most liquid assets).

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

  • The MRQ is 3.775. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 2.841. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ3.775TTM2.841+0.934
TTM2.841YOY1.714+1.127
TTM2.8415Y1.526+1.315
5Y1.52610Y1.177+0.349
Compared to industry (Biotechnology)
PeriodCompanyIndustry (mean)+/- 
MRQ3.7753.653+0.122
TTM2.8414.158-1.317
YOY1.7145.515-3.801
5Y1.5266.012-4.486
10Y1.1776.206-5.029

1.4. Solvency of Innovotech Inc.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Innovotech to Biotechnology industry mean.
  • A Debt to Asset Ratio of 0.08 means that Innovotech assets are financed with 8.3% credit (debt) and the remaining percentage (100% - 8.3%) is financed by its owners/shareholders. 

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

  • The MRQ is 0.083. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.097. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.083TTM0.097-0.014
TTM0.097YOY0.153-0.056
TTM0.0975Y0.356-0.259
5Y0.35610Y0.822-0.466
Compared to industry (Biotechnology)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0830.336-0.253
TTM0.0970.330-0.233
YOY0.1530.267-0.114
5Y0.3560.367-0.011
10Y0.8220.378+0.444
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Innovotech to the Biotechnology industry mean.
  • A Debt to Equity ratio of 9.5% means that company has $0.10 debt for each $1 in shareholders equity.

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

  • The MRQ is 0.095. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.109. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.095TTM0.109-0.014
TTM0.109YOY0.183-0.073
TTM0.1095Y0.752-0.643
5Y0.75210Y0.941-0.189
Compared to industry (Biotechnology)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0950.376-0.281
TTM0.1090.398-0.289
YOY0.1830.334-0.151
5Y0.7520.431+0.321
10Y0.9410.476+0.465

2. Market Valuation of Innovotech Inc

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

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

  • Above 15 is considered overpriced but always compare Innovotech to the Biotechnology industry mean.
  • A PE ratio of -8.28 means the investor is paying $-8.28 for every $1 in earnings.

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

  • The EOD is -9.103. Based on the earnings, the company is expensive. -2
  • The MRQ is -8.275. Based on the earnings, the company is expensive. -2
  • The TTM is 10.941. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD-9.103MRQ-8.275-0.828
MRQ-8.275TTM10.941-19.216
TTM10.941YOY-4.159+15.100
TTM10.9415Y10.009+0.932
5Y10.00910Y5.308+4.700
Compared to industry (Biotechnology)
PeriodCompanyIndustry (mean)+/- 
EOD-9.103-2.697-6.406
MRQ-8.275-2.422-5.853
TTM10.941-2.709+13.650
YOY-4.159-4.116-0.043
5Y10.009-6.257+16.266
10Y5.308-6.478+11.786
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is -4.702. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -4.275. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -25.627. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-4.702MRQ-4.275-0.427
MRQ-4.275TTM-25.627+21.352
TTM-25.627YOY-6.681-18.947
TTM-25.6275Y-12.029-13.598
5Y-12.02910Y-8.592-3.437
Compared to industry (Biotechnology)
PeriodCompanyIndustry (mean)+/- 
EOD-4.702-3.344-1.358
MRQ-4.275-2.939-1.336
TTM-25.627-3.486-22.141
YOY-6.681-5.592-1.089
5Y-12.029-8.464-3.565
10Y-8.592-8.872+0.280
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Biotechnology industry mean).
  • A PB ratio of 3.96 means the investor is paying $3.96 for each $1 in book value.

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

  • The EOD is 4.357. Based on the equity, the company is fair priced.
  • The MRQ is 3.961. Based on the equity, the company is fair priced.
  • The TTM is 4.704. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD4.357MRQ3.961+0.396
MRQ3.961TTM4.704-0.743
TTM4.704YOY6.444-1.740
TTM4.7045Y3.989+0.715
5Y3.98910Y5.930-1.941
Compared to industry (Biotechnology)
PeriodCompanyIndustry (mean)+/- 
EOD4.3572.198+2.159
MRQ3.9612.042+1.919
TTM4.7042.121+2.583
YOY6.4442.907+3.537
5Y3.9893.682+0.307
10Y5.9304.114+1.816
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Innovotech Inc compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---0.002-0.001-46%0.001-244%0.001-240%0.000-1089%
Book Value Per Share--0.0250.026-3%0.029-13%0.017+51%0.009+169%
Current Ratio--6.5926.925-5%5.245+26%4.470+47%3.407+93%
Debt To Asset Ratio--0.0830.097-14%0.153-46%0.356-77%0.822-90%
Debt To Equity Ratio--0.0950.109-13%0.183-48%0.752-87%0.941-90%
Dividend Per Share----0%-0%-0%-0%
Eps---0.0030.001-565%0.000-1354%0.001-697%0.001-472%
Free Cash Flow Per Share---0.006-0.002-71%0.000-1493%0.000-99%0.000-99%
Free Cash Flow To Equity Per Share---0.006-0.002-66%0.000-96%0.000-25556%0.000-25556%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---0.220--------
Intrinsic Value_10Y_min---0.183--------
Intrinsic Value_1Y_max---0.005--------
Intrinsic Value_1Y_min---0.005--------
Intrinsic Value_3Y_max---0.027--------
Intrinsic Value_3Y_min---0.026--------
Intrinsic Value_5Y_max---0.066--------
Intrinsic Value_5Y_min---0.060--------
Market Cap4280056.000+9%3890961.2004766427.470-18%7295552.250-47%5633157.462-31%4947786.901-21%
Net Profit Margin---0.672-0.289-57%0.052-1386%-0.047-93%0.033-2162%
Operating Margin---0.043-100%-0.0400%0.004-100%-0.0030%
Operating Ratio--2.5541.742+47%1.288+98%1.377+85%1.352+89%
Pb Ratio4.357+9%3.9614.704-16%6.444-39%3.989-1%5.930-33%
Pe Ratio-9.103-10%-8.27510.941-176%-4.159-50%10.009-183%5.308-256%
Price Per Share0.110+9%0.1000.123-18%0.188-47%0.144-30%0.126-21%
Price To Free Cash Flow Ratio-4.702-10%-4.275-25.627+499%-6.681+56%-12.029+181%-8.592+101%
Price To Total Gains Ratio-65.871-10%-59.883-39.731-34%-29.156-51%48.714-223%27.158-321%
Quick Ratio--3.7752.841+33%1.714+120%1.526+147%1.177+221%
Return On Assets---0.110-0.047-57%0.026-525%-0.002-98%0.055-300%
Return On Equity---0.126-0.055-56%0.031-507%0.057-321%-0.008-94%
Total Gains Per Share---0.002-0.001-46%0.001-244%0.001-240%0.000-1089%
Usd Book Value--723361.000747683.382-3%833411.896-13%480174.179+51%269325.944+169%
Usd Book Value Change Per Share---0.001-0.001-46%0.001-244%0.001-240%0.000-1089%
Usd Book Value Per Share--0.0190.019-3%0.021-13%0.012+51%0.007+169%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps---0.0020.000-565%0.000-1354%0.000-697%0.001-472%
Usd Free Cash Flow---167540.647-48116.285-71%12027.645-1493%-1775.956-99%-1268.540-99%
Usd Free Cash Flow Per Share---0.004-0.001-71%0.000-1493%0.000-99%0.000-99%
Usd Free Cash Flow To Equity Per Share---0.004-0.001-66%0.000-96%0.000-25556%0.000-25556%
Usd Market Cap3151405.233+9%2864914.7323509520.546-18%5371715.122-47%4147693.839-31%3643055.496-21%
Usd Price Per Share0.081+9%0.0740.090-18%0.138-47%0.106-30%0.093-21%
Usd Profit---86549.120-38850.870-55%27533.018-414%7082.065-1322%17958.778-582%
Usd Revenue--128713.339200748.514-36%245367.741-48%214569.895-40%204804.001-37%
Usd Total Gains Per Share---0.001-0.001-46%0.001-244%0.001-240%0.000-1089%
 EOD+5 -3MRQTTM+6 -27YOY+7 -255Y+10 -2310Y+10 -22

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-9.103
Price to Book Ratio (EOD)Between0-14.357
Net Profit Margin (MRQ)Greater than0-0.672
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than13.775
Current Ratio (MRQ)Greater than16.592
Debt to Asset Ratio (MRQ)Less than10.083
Debt to Equity Ratio (MRQ)Less than10.095
Return on Equity (MRQ)Greater than0.15-0.126
Return on Assets (MRQ)Greater than0.05-0.110
Total4/10 (40.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5066.539
Ma 20Greater thanMa 500.094
Ma 50Greater thanMa 1000.094
Ma 100Greater thanMa 2000.096
OpenGreater thanClose0.100
Total1/5 (20.0%)



Latest Balance Sheet

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

Summary
Total Assets1,072
Total Liabilities89
Total Stockholder Equity936
 As reported
Total Liabilities 89
Total Stockholder Equity+ 936
Total Assets = 1,072

Assets

Total Assets1,072
Total Current Assets587
Long-term Assets484
Total Current Assets
Cash And Cash Equivalents 144
Short-term Investments 86
Net Receivables 251
Inventory 44
Total Current Assets  (as reported)587
Total Current Assets  (calculated)524
+/- 63
Long-term Assets
Property Plant Equipment 160
Long Term Investments 210
Intangible Assets 114
Long-term Assets  (as reported)484
Long-term Assets  (calculated)484
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities89
Long-term Liabilities0
Total Stockholder Equity936
Total Current Liabilities
Total Current Liabilities  (as reported)89
Total Current Liabilities  (calculated)0
+/- 89
Long-term Liabilities
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)0
+/-0
Total Stockholder Equity
Total Stockholder Equity (as reported)936
Total Stockholder Equity (calculated)0
+/- 936
Other
Capital Stock7,695
Common Stock Shares Outstanding 38,910
Net Invested Capital 936
Net Working Capital 498



Balance Sheet

Currency in CAD. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312004-06-302004-03-312003-09-30
> Total Assets 
882
864
843
325
313
593
317
527
334
326
310
272
272
243
275
275
239
379
878
822
964
1,081
1,110
1,433
1,337
1,325
1,258
1,223
1,082
1,126
1,072
1,0721,1261,0821,2231,2581,3251,3371,4331,1101,081964822878379239275275243272272310326334527317593313325843864882
   > Total Current Assets 
804
763
742
253
239
519
248
459
271
257
245
211
212
186
221
225
166
308
804
753
775
865
994
994
917
927
854
826
704
757
587
587757704826854927917994994865775753804308166225221186212211245257271459248519239253742763804
       Cash And Cash Equivalents 
794
748
625
33
70
374
89
325
123
74
40
29
17
23
88
97
85
198
661
530
558
577
540
422
553
647
465
469
394
371
144
1443713944694656475534225405775585306611988597882317294074123325893747033625748794
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
20
0
26
57
72
73
73
81
82
83
84
86
868483828173737257260200000000000000000000
       Net Receivables 
11
15
3
176
130
88
111
88
108
125
150
148
153
118
95
101
44
55
75
144
157
191
383
383
191
102
236
185
152
216
251
25121615218523610219138338319115714475554410195118153148150125108881118813017631511
       Other Current Assets 
0
0
95
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000000000000000009500
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
60
56
54
50
73
71
74
70
189
217
217
439
420
398
404
397
379
370
484
4843703793974043984204392172171897074717350545660000000000000
       Property Plant Equipment 
0
0
0
72
74
74
69
68
64
69
65
61
60
56
54
50
73
71
74
70
69
96
229
229
210
188
194
187
169
160
160
16016016918719418821022922996697074717350545660616569646869747472000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
119
0
0
0
0
210
210
210
210
210
210
210210210210210210000011900000000000000000000
       Intangible Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
114
114000000000000000000000000000000
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
0
0
0
60
56
54
50
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000050545660000000000000
> Total Liabilities 
40
43
44
1,544
1,465
1,375
414
346
195
253
254
179
191
167
180
177
256
267
302
177
178
117
167
256
193
243
135
165
108
79
89
89791081651352431932561671171781773022672561771801671911792542531953464141,3751,4651,544444340
   > Total Current Liabilities 
40
43
44
1,544
1,465
1,375
414
346
195
253
254
179
191
167
80
77
156
127
162
157
158
97
219
219
178
188
135
165
108
79
89
89791081651351881782192199715815716212715677801671911792542531953464141,3751,4651,544444340
       Short-term Debt 
0
0
0
125
97
84
69
105
0
0
0
0
0
100
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000010000000105698497125000
       Short Long Term Debt 
0
0
0
125
97
84
69
105
0
0
0
0
0
100
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000010000000105698497125000
       Accounts payable 
40
43
44
498
417
355
305
218
183
253
206
65
91
67
80
73
113
65
125
84
125
70
104
104
90
74
75
0
0
74
0
074007574901041047012584125651137380679165206253183218305355417498444340
       Other Current Liabilities 
0
0
0
876
905
905
9
0
13
0
32
0
0
0
0
3
43
62
37
46
34
27
29
29
1
89
0
0
0
5
0
050008912929273446376243300003201309905905876000
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
100
100
100
140
140
20
20
20
20
37
15
55
0
0
0
0
0
000005515372020202014014010010010000000000000000
       Capital Lease Obligations Min Short Term Debt
0
0
0
-125
-97
-84
-69
-105
0
0
0
0
0
-100
0
0
0
0
0
0
0
0
0
122
101
80
59
37
15
0
0
0015375980101122000000000-10000000-105-69-84-97-125000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000000000000000000
> Total Stockholder Equity
841
821
798
-1,218
-1,152
-782
-98
182
139
73
56
93
81
76
95
98
-17
113
576
645
786
965
943
1,177
1,145
1,082
1,124
1,058
975
1,047
936
9361,0479751,0581,1241,0821,1451,177943965786645576113-1798957681935673139182-98-782-1,152-1,218798821841
   Common Stock
854
854
854
6,714
6,714
6,992
6,992
6,992
6,992
7,345
7,345
7,345
7,345
7,345
7,345
7,345
7,345
7,353
7,563
7,576
7,695
7,695
7,695
7,695
7,695
7,695
7,695
0
0
7,695
0
07,695007,6957,6957,6957,6957,6957,6957,6957,5767,5637,3537,3457,3457,3457,3457,3457,3457,3457,3456,9926,9926,9926,9926,7146,714854854854
   Retained Earnings -8,520-8,402-8,475-8,392-8,309-8,350-8,288-8,255-8,255-8,437-8,600-8,623-8,649-8,722-8,844-8,729-8,685-8,700-8,695-8,680-8,712-8,695-8,595-8,553-8,582-9,266-9,240-9,306-144-121-12
   Capital Surplus 0000000000000000000000000000000
   Treasury Stock0000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
102
102
352
352
0
0
0
0
0
0
0
0
0
180
160
160
160
160
160
160
160
160
0
0
160
0
01600016016016016016016016016018000000000035235210210200000



Balance Sheet

Currency in CAD. All numbers in thousands.




Cash Flow

Currency in CAD. All numbers in thousands.




Income Statement

Currency in CAD. All numbers in thousands.


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

Gross Profit (+$)
totalRevenue1,091
Cost of Revenue-354
Gross Profit737737
 
Operating Income (+$)
Gross Profit737
Operating Expense-1,413
Operating Income-322-676
 
Operating Expense (+$)
Research Development142
Selling General Administrative941
Selling And Marketing Expenses-
Operating Expense1,4131,082
 
Net Interest Income (+$)
Interest Income10
Interest Expense-1
Other Finance Cost-0
Net Interest Income8
 
Pretax Income (+$)
Operating Income-322
Net Interest Income8
Other Non-Operating Income Expenses-
Income Before Tax (EBT)-244-322
EBIT - interestExpense = -1
-211
-210
Interest Expense1
Earnings Before Interest and Taxes (EBIT)--243
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax-244
Tax Provision--
Net Income From Continuing Ops-244-244
Net Income-211
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net--8
 

Technical Analysis of Innovotech
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 Innovotech. The general trend of Innovotech 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 Innovotech'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 Innovotech Inc.

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

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

The bullish price targets are: 0.1 < 0.1 < 0.1.

The bearish price targets are: 0.1 > 0.1 > 0.1.

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Innovotech Inc Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

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

Score

Let's take a look at the Moving Averages of Innovotech Inc. The current mas is .

The long score for the Moving Averages is 7/14.
The longshort score for the Moving Averages is 0/(-14 +14).

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

Innovotech Inc Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

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

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

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Innovotech Inc. The current macd is 0.00029303.

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

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Innovotech price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Innovotech. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Innovotech price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Innovotech Inc Daily Moving Average Convergence/Divergence (MACD) ChartInnovotech Inc Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

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


Score

Let's take a look at the Directional Movement Index (DMI) of Innovotech Inc. The current adx is 44.36.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -3/(-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 Innovotech shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bearish trend. The ADX is declining, the bearish trend is weakening. Could be a potential reversal to the upside. -2
Innovotech Inc Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

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

Score

Let's take a look at the Parabolic SAR of Innovotech Inc. The current sar is 0.06211609.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Innovotech Inc Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

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

Score

Let's take a look at the Relative Strength Index (RSI) of Innovotech Inc. The current rsi is 66.54. The current phase is Correction in bear market.

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

  • Correction in bear market: Extended price decline in a downtrend, significant pullback. Consider reducing exposure, wait for signs of trend reversal.
  • Trending up: The RSI is trending up. +1
Innovotech Inc Daily Relative Strength Index (RSI) ChartInnovotech Inc Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

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

Score

Let's take a look at the Stochastic Oscillator of Innovotech Inc. The current phase is Overbought in neutral market.

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

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line > STOCH %D line: The STOCH %K line is 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 Innovotech price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Innovotech Inc Daily Stochastic Oscillator ChartInnovotech Inc Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

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

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

Score

Let's take a look at the Commodity Channel Index (CCI) of Innovotech Inc. The current cci is 117.73.

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

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
Innovotech Inc Daily Commodity Channel Index (CCI) ChartInnovotech Inc Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

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

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

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Innovotech Inc. The current cmo is 45.65.

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

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Innovotech Inc Daily Chande Momentum Oscillator (CMO) ChartInnovotech Inc Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

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

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

Score

Let's take a look at the Williams %R of Innovotech Inc. The current willr is 0.

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

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Innovotech Inc Daily Williams %R ChartInnovotech Inc Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

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

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

Score

Let's take a look at the Bollinger Bands of Innovotech Inc.

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

Score

Let's take a look at the Average True Range (ATR) of Innovotech Inc. The current atr is 0.00523062.

Innovotech Inc Daily Average True Range (ATR) ChartInnovotech Inc Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

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

Score

Let's take a look at the On-Balance Volume (OBV) of Innovotech Inc. The current obv is -573,300.

Innovotech Inc Daily On-Balance Volume (OBV) ChartInnovotech Inc Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

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

Score

Let's take a look at the Money Flow Index (MFI) of Innovotech Inc. The current mfi is 66.56.

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
Innovotech Inc Daily Money Flow Index (MFI) ChartInnovotech Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Innovotech Inc.

6.2. Trading Signals

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

DateIndicatorSignal
2023-11-17MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-11-21MACD 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.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-22MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
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).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-24DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-27DMI 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).
2023-11-30ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-01STOCH 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).
2023-12-15CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-19RSI LONG ENTRY SHORT CLOSE30 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-12-20MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-22STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-27CCI 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).
2023-12-28MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-03MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
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).
2024-01-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-17MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-23MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-24DMI 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.
2024-01-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-30MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to 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).
2024-01-31SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-02-20MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI 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).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-21WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-22MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-01CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-04MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
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
2024-03-06STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-18MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-21ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-22MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-25STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-26MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
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
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).

6.3. Candlestick Patterns

Innovotech Inc Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5066.539
Ma 20Greater thanMa 500.094
Ma 50Greater thanMa 1000.094
Ma 100Greater thanMa 2000.096
OpenGreater thanClose0.100
Total1/5 (20.0%)
Penke

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