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MAGNA ELECTRO CASTINGS LTD.-$
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Let's analyse MAGNA ELECTRO CASTINGS LTD.-$ together

PenkeI guess you are interested in MAGNA ELECTRO CASTINGS 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 MAGNA ELECTRO CASTINGS 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 MAGNA ELECTRO CASTINGS LTD.-$ (30 sec.)










What can you expect buying and holding a share of MAGNA ELECTRO CASTINGS LTD.-$? (30 sec.)

How much money do you get?

How much money do you get?
INR0.12
When do you have the money?
1 year
How often do you get paid?
80.0%

What is your share worth?

Current worth
INR222.96
Expected worth in 1 year
INR374.65
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
INR161.69
Return On Investment
37.5%

For what price can you sell your share?

Current Price per Share
INR431.10
Expected price per share
INR370.61 - INR521.20
How sure are you?
50%

1. Valuation of MAGNA ELECTRO CASTINGS LTD.-$ (5 min.)




Live pricePrice per Share (EOD)

INR431.10

Intrinsic Value Per Share

INR62.92 - INR74.66

Total Value Per Share

INR285.89 - INR297.63

2. Growth of MAGNA ELECTRO CASTINGS LTD.-$ (5 min.)




Is MAGNA ELECTRO CASTINGS LTD.-$ growing?

Current yearPrevious yearGrowGrow %
How rich?$11.3m$9.3m$1.9m17.0%

How much money is MAGNA ELECTRO CASTINGS LTD.-$ making?

Current yearPrevious yearGrowGrow %
Making money$2m$927.4k$1.1m54.9%
Net Profit Margin10.7%5.8%--

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

3. Financial Health of MAGNA ELECTRO CASTINGS LTD.-$ (5 min.)




What can you expect buying and holding a share of MAGNA ELECTRO CASTINGS LTD.-$? (5 min.)

Welcome investor! MAGNA ELECTRO CASTINGS LTD.-$'s management wants to use your money to grow the business. In return you get a share of MAGNA ELECTRO CASTINGS LTD.-$.

What can you expect buying and holding a share of MAGNA ELECTRO CASTINGS LTD.-$?

First you should know what it really means to hold a share of MAGNA ELECTRO CASTINGS LTD.-$. And how you can make/lose money.

Speculation

The Price per Share of MAGNA ELECTRO CASTINGS LTD.-$ is INR431.10. 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 MAGNA ELECTRO CASTINGS 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 MAGNA ELECTRO CASTINGS 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 INR222.96. Based on the TTM, the Book Value Change Per Share is INR37.92 per quarter. Based on the YOY, the Book Value Change Per Share is INR16.48 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 INR2.50 per quarter.
Based on historical numbers we can estimate the returns while holding a share of MAGNA ELECTRO CASTINGS LTD.-$.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps0.490.1%0.490.1%0.220.1%0.270.1%0.270.1%
Usd Book Value Change Per Share0.460.1%0.460.1%0.200.0%0.540.1%0.540.1%
Usd Dividend Per Share0.030.0%0.030.0%0.020.0%0.030.0%0.030.0%
Usd Total Gains Per Share0.490.1%0.490.1%0.210.0%0.560.1%0.560.1%
Usd Price Per Share3.34-3.34-2.40-2.26-2.26-
Price to Earnings Ratio6.87-6.87-10.94-9.29-9.29-
Price-to-Total Gains Ratio6.88-6.88-11.19-9.92-9.92-
Price to Book Ratio1.25-1.25-1.08-1.04-1.04-
Price-to-Total Gains Ratio6.88-6.88-11.19-9.92-9.92-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share5.1732
Number of shares193
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.030.03
Usd Book Value Change Per Share0.460.54
Usd Total Gains Per Share0.490.56
Gains per Quarter (193 shares)93.62108.32
Gains per Year (193 shares)374.46433.26
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
12335136420413423
24670373840826856
369105411126012391289
493140514868116521722
51161757186010120662155
61392108223412124792588
71622459260814128923021
81852810298216133053454
92083162335618137183887
102323513373020241314320

How sure are you?

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

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%5.00.00.0100.0%5.00.00.0100.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%5.00.00.0100.0%5.00.00.0100.0%
Dividend per Share1.00.00.0100.0%2.00.01.066.7%4.00.01.080.0%4.00.01.080.0%4.00.01.080.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%5.00.00.0100.0%5.00.00.0100.0%

Fundamentals of MAGNA ELECTRO CASTINGS LTD.-$

About MAGNA ELECTRO CASTINGS LTD.-$

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 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 underpriced.
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 MAGNA ELECTRO CASTINGS LTD.-$.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit MAGNA ELECTRO CASTINGS LTD.-$ earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare MAGNA ELECTRO CASTINGS LTD.-$ to the  industry mean.
  • A Net Profit Margin of 10.7% means that ₹0.11 for each ₹1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of MAGNA ELECTRO CASTINGS LTD.-$:

  • The MRQ is 10.7%. The company is making a huge profit. +2
  • The TTM is 10.7%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ10.7%TTM10.7%0.0%
TTM10.7%YOY5.8%+4.9%
TTM10.7%5Y7.6%+3.1%
5Y7.6%10Y7.6%0.0%
1.1.2. Return on Assets

Shows how efficient MAGNA ELECTRO CASTINGS LTD.-$ is using its assets to generate profit.

  • Above 5% is considered healthy but always compare MAGNA ELECTRO CASTINGS LTD.-$ to the  industry mean.
  • 14.4% Return on Assets means that MAGNA ELECTRO CASTINGS LTD.-$ generated ₹0.14 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of MAGNA ELECTRO CASTINGS LTD.-$:

  • The MRQ is 14.4%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 14.4%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ14.4%TTM14.4%0.0%
TTM14.4%YOY7.2%+7.1%
TTM14.4%5Y9.5%+4.9%
5Y9.5%10Y9.5%0.0%
1.1.3. Return on Equity

Shows how efficient MAGNA ELECTRO CASTINGS LTD.-$ is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare MAGNA ELECTRO CASTINGS LTD.-$ to the  industry mean.
  • 18.1% Return on Equity means MAGNA ELECTRO CASTINGS LTD.-$ generated ₹0.18 for each ₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of MAGNA ELECTRO CASTINGS LTD.-$:

  • The MRQ is 18.1%. Using its investors money, the company is efficient in making profit. +1
  • The TTM is 18.1%. Using its investors money, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ18.1%TTM18.1%0.0%
TTM18.1%YOY9.9%+8.3%
TTM18.1%5Y12.1%+6.1%
5Y12.1%10Y12.1%0.0%

1.2. Operating Efficiency of MAGNA ELECTRO CASTINGS LTD.-$.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient MAGNA ELECTRO CASTINGS LTD.-$ is operating .

  • Measures how much profit MAGNA ELECTRO CASTINGS 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 MAGNA ELECTRO CASTINGS LTD.-$ to the  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 MAGNA ELECTRO CASTINGS LTD.-$:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y3.5%-3.5%
5Y3.5%10Y3.5%0.0%
1.2.2. Operating Ratio

Measures how efficient MAGNA ELECTRO CASTINGS LTD.-$ is keeping operating costs low.

  • Below 1 is considered healthy (always compare to  industry mean).
  • An Operation Ratio of 1.55 means that the operating costs are ₹1.55 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of MAGNA ELECTRO CASTINGS LTD.-$:

  • The MRQ is 1.553. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.553. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.553TTM1.5530.000
TTM1.553YOY1.636-0.082
TTM1.5535Y1.463+0.090
5Y1.46310Y1.4630.000

1.3. Liquidity of MAGNA ELECTRO CASTINGS LTD.-$.

1.3. Liquidity
1.3.1. Current Ratio

Measures if MAGNA ELECTRO CASTINGS LTD.-$ is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to  industry mean).
  • A Current Ratio of 3.24 means the company has ₹3.24 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of MAGNA ELECTRO CASTINGS LTD.-$:

  • The MRQ is 3.238. The company is very able to pay all its short-term debts. +2
  • The TTM is 3.238. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ3.238TTM3.2380.000
TTM3.238YOY2.734+0.505
TTM3.2385Y3.399-0.161
5Y3.39910Y3.3990.000
1.3.2. Quick Ratio

Measures if MAGNA ELECTRO CASTINGS LTD.-$ is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare MAGNA ELECTRO CASTINGS LTD.-$ to the  industry mean.
  • A Quick Ratio of 2.54 means the company can pay off ₹2.54 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of MAGNA ELECTRO CASTINGS LTD.-$:

  • The MRQ is 2.544. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 2.544. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ2.544TTM2.5440.000
TTM2.544YOY2.030+0.514
TTM2.5445Y2.603-0.059
5Y2.60310Y2.6030.000

1.4. Solvency of MAGNA ELECTRO CASTINGS LTD.-$.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of MAGNA ELECTRO CASTINGS LTD.-$ assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare MAGNA ELECTRO CASTINGS LTD.-$ to industry mean.
  • A Debt to Asset Ratio of 0.21 means that MAGNA ELECTRO CASTINGS LTD.-$ assets are financed with 20.9% credit (debt) and the remaining percentage (100% - 20.9%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of MAGNA ELECTRO CASTINGS LTD.-$:

  • The MRQ is 0.209. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.209. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.209TTM0.2090.000
TTM0.209YOY0.268-0.059
TTM0.2095Y0.216-0.008
5Y0.21610Y0.2160.000
1.4.2. Debt to Equity Ratio

Measures if MAGNA ELECTRO CASTINGS LTD.-$ is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare MAGNA ELECTRO CASTINGS LTD.-$ to the  industry mean.
  • A Debt to Equity ratio of 26.4% means that company has ₹0.26 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of MAGNA ELECTRO CASTINGS LTD.-$:

  • The MRQ is 0.264. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.264. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.264TTM0.2640.000
TTM0.264YOY0.366-0.103
TTM0.2645Y0.278-0.014
5Y0.27810Y0.2780.000

2. Market Valuation of MAGNA ELECTRO CASTINGS 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 MAGNA ELECTRO CASTINGS LTD.-$ generates.

  • Above 15 is considered overpriced but always compare MAGNA ELECTRO CASTINGS LTD.-$ to the  industry mean.
  • A PE ratio of 6.87 means the investor is paying ₹6.87 for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of MAGNA ELECTRO CASTINGS LTD.-$:

  • The EOD is 10.655. Based on the earnings, the company is underpriced. +1
  • The MRQ is 6.874. Based on the earnings, the company is cheap. +2
  • The TTM is 6.874. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD10.655MRQ6.874+3.782
MRQ6.874TTM6.8740.000
TTM6.874YOY10.938-4.064
TTM6.8745Y9.289-2.415
5Y9.28910Y9.2890.000
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of MAGNA ELECTRO CASTINGS LTD.-$:

  • The EOD is 30.514. Based on how much money comes from the company's main activities, the company is fair priced.
  • The MRQ is 19.685. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 19.685. Based on how much money comes from the company's main activities, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD30.514MRQ19.685+10.830
MRQ19.685TTM19.6850.000
TTM19.685YOY-15.528+35.213
TTM19.6855Y8.904+10.781
5Y8.90410Y8.9040.000
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of MAGNA ELECTRO CASTINGS 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 1.25 means the investor is paying ₹1.25 for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of MAGNA ELECTRO CASTINGS LTD.-$:

  • The EOD is 1.933. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.247. Based on the equity, the company is underpriced. +1
  • The TTM is 1.247. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.933MRQ1.247+0.686
MRQ1.247TTM1.2470.000
TTM1.247YOY1.079+0.168
TTM1.2475Y1.042+0.205
5Y1.04210Y1.0420.000
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of MAGNA ELECTRO CASTINGS 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--37.92137.9210%16.480+130%44.593-15%44.593-15%
Book Value Per Share--222.964222.9640%185.042+20%178.294+25%178.294+25%
Current Ratio--3.2383.2380%2.734+18%3.399-5%3.399-5%
Debt To Asset Ratio--0.2090.2090%0.268-22%0.216-4%0.216-4%
Debt To Equity Ratio--0.2640.2640%0.366-28%0.278-5%0.278-5%
Dividend Per Share--2.5002.5000%1.377+82%2.176+15%2.176+15%
Eps--40.45840.4580%18.263+122%22.085+83%22.085+83%
Free Cash Flow Per Share--14.12814.1280%-12.864+191%7.146+98%7.146+98%
Free Cash Flow To Equity Per Share--14.12814.1280%-12.864+191%3.135+351%3.135+351%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--74.664--------
Intrinsic Value_10Y_min--62.924--------
Intrinsic Value_1Y_max--4.909--------
Intrinsic Value_1Y_min--4.770--------
Intrinsic Value_3Y_max--16.710--------
Intrinsic Value_3Y_min--15.747--------
Intrinsic Value_5Y_max--30.876--------
Intrinsic Value_5Y_min--28.190--------
Market Cap--1176948122.4001176948122.4000%845362774.000+39%817392567.600+44%817392567.600+44%
Net Profit Margin--0.1070.1070%0.058+84%0.076+40%0.076+40%
Operating Margin----0%-0%0.035-100%0.035-100%
Operating Ratio--1.5531.5530%1.636-5%1.463+6%1.463+6%
Pb Ratio1.933+35%1.2471.2470%1.079+16%1.042+20%1.042+20%
Pe Ratio10.655+35%6.8746.8740%10.938-37%9.289-26%9.289-26%
Price Per Share431.100+35%278.100278.1000%199.750+39%188.310+48%188.310+48%
Price To Free Cash Flow Ratio30.514+35%19.68519.6850%-15.528+179%8.904+121%8.904+121%
Price To Total Gains Ratio10.665+35%6.8806.8800%11.186-38%9.919-31%9.919-31%
Quick Ratio--2.5442.5440%2.030+25%2.603-2%2.603-2%
Return On Assets--0.1440.1440%0.072+99%0.095+51%0.095+51%
Return On Equity--0.1810.1810%0.099+84%0.121+50%0.121+50%
Total Gains Per Share--40.42140.4210%17.857+126%46.768-14%46.768-14%
Usd Book Value--11323272.00011323272.0000%9397428.000+20%9319190.400+22%9319190.400+22%
Usd Book Value Change Per Share--0.4550.4550%0.198+130%0.535-15%0.535-15%
Usd Book Value Per Share--2.6762.6760%2.221+20%2.140+25%2.140+25%
Usd Dividend Per Share--0.0300.0300%0.017+82%0.026+15%0.026+15%
Usd Eps--0.4850.4850%0.219+122%0.265+83%0.265+83%
Usd Free Cash Flow--717480.000717480.0000%-653292.000+191%382387.200+88%382387.200+88%
Usd Free Cash Flow Per Share--0.1700.1700%-0.154+191%0.086+98%0.086+98%
Usd Free Cash Flow To Equity Per Share--0.1700.1700%-0.154+191%0.038+351%0.038+351%
Usd Market Cap--14123377.46914123377.4690%10144353.288+39%9808710.811+44%9808710.811+44%
Usd Price Per Share5.173+35%3.3373.3370%2.397+39%2.260+48%2.260+48%
Usd Profit--2054676.0002054676.0000%927480.000+122%1154728.800+78%1154728.800+78%
Usd Revenue--19237824.00019237824.0000%15969672.000+20%14626190.400+32%14626190.400+32%
Usd Total Gains Per Share--0.4850.4850%0.214+126%0.561-14%0.561-14%
 EOD+2 -4MRQTTM+0 -0YOY+30 -45Y+23 -1210Y+23 -12

3.2. Fundamental Score

Let's check the fundamental score of MAGNA ELECTRO CASTINGS LTD.-$ based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1510.655
Price to Book Ratio (EOD)Between0-11.933
Net Profit Margin (MRQ)Greater than00.107
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than12.544
Current Ratio (MRQ)Greater than13.238
Debt to Asset Ratio (MRQ)Less than10.209
Debt to Equity Ratio (MRQ)Less than10.264
Return on Equity (MRQ)Greater than0.150.181
Return on Assets (MRQ)Greater than0.050.144
Total8/10 (80.0%)

3.3. Technical Score

Let's check the technical score of MAGNA ELECTRO CASTINGS LTD.-$ based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5048.921
Ma 20Greater thanMa 50433.250
Ma 50Greater thanMa 100445.967
Ma 100Greater thanMa 200458.202
OpenGreater thanClose434.950
Total1/5 (20.0%)



Latest Balance Sheet

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

Summary
Total Assets1,192,324
Total Liabilities248,718
Total Stockholder Equity943,606
 As reported
Total Liabilities 248,718
Total Stockholder Equity+ 943,606
Total Assets = 1,192,324

Assets

Total Assets1,192,324
Total Current Assets740,143
Long-term Assets452,181
Total Current Assets
Cash And Cash Equivalents 15,943
Short-term Investments 199,528
Net Receivables 381,950
Inventory 93,494
Other Current Assets 166
Total Current Assets  (as reported)740,143
Total Current Assets  (calculated)691,081
+/- 49,062
Long-term Assets
Property Plant Equipment 397,285
Intangible Assets 574
Long-term Assets Other 2,228
Long-term Assets  (as reported)452,181
Long-term Assets  (calculated)400,087
+/- 52,094

Liabilities & Shareholders' Equity

Total Current Liabilities228,555
Long-term Liabilities20,163
Total Stockholder Equity943,606
Total Current Liabilities
Accounts payable 127,007
Other Current Liabilities 3,616
Total Current Liabilities  (as reported)228,555
Total Current Liabilities  (calculated)130,623
+/- 97,932
Long-term Liabilities
Capital Lease Obligations Min Short Term Debt1,521
Long-term Liabilities  (as reported)20,163
Long-term Liabilities  (calculated)1,521
+/- 18,642
Total Stockholder Equity
Retained Earnings 496,180
Total Stockholder Equity (as reported)943,606
Total Stockholder Equity (calculated)496,180
+/- 447,426
Other
Capital Stock42,321
Common Stock Shares Outstanding 4,232
Net Invested Capital 943,606
Net Working Capital 511,588
Property Plant and Equipment Gross 726,729



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-31
> Total Assets 
0
0
901,362
888,433
911,999
1,069,884
1,192,324
1,192,3241,069,884911,999888,433901,36200
   > Total Current Assets 
335,768
435,274
549,956
535,404
565,477
716,663
740,143
740,143716,663565,477535,404549,956435,274335,768
       Cash And Cash Equivalents 
0
0
14,417
28,755
7,173
2,621
15,943
15,9432,6217,17328,75514,41700
       Short-term Investments 
0
0
51,219
114,144
141,666
141,698
199,528
199,528141,698141,666114,14451,21900
       Net Receivables 
249,316
338,083
385,049
283,806
291,609
390,426
381,950
381,950390,426291,609283,806385,049338,083249,316
       Inventory 
57,662
80,682
91,431
98,029
73,180
115,107
93,494
93,494115,10773,18098,02991,43180,68257,662
       Other Current Assets 
6,591
4,061
2,684
5,413
1,543
25
166
166251,5435,4132,6844,0616,591
   > Long-term Assets 
0
0
351,406
353,029
346,522
353,221
452,181
452,181353,221346,522353,029351,40600
       Property Plant Equipment 
369,298
349,590
315,589
315,187
318,704
315,858
397,285
397,285315,858318,704315,187315,589349,590369,298
       Intangible Assets 
0
0
80
80
80
80
574
5748080808000
       Long-term Assets Other 
0
0
0
0
1
6,228
2,228
2,2286,22810000
> Total Liabilities 
0
0
193,446
153,452
198,625
286,765
248,718
248,718286,765198,625153,452193,44600
   > Total Current Liabilities 
155,438
182,500
162,909
123,948
169,841
262,150
228,555
228,555262,150169,841123,948162,909182,500155,438
       Short Long Term Debt 
0
0
0
0
0
49,129
0
049,12900000
       Accounts payable 
98,096
129,441
145,888
113,960
91,797
118,432
127,007
127,007118,43291,797113,960145,888129,44198,096
       Other Current Liabilities 
9,102
12,116
8,341
3,864
2,821
3,801
3,616
3,6163,8012,8213,8648,34112,1169,102
   > Long-term Liabilities 
0
0
30,537
29,504
28,784
24,615
20,163
20,16324,61528,78429,50430,53700
       Capital Lease Obligations Min Short Term Debt
0
0
0
1,855
1,346
771
1,521
1,5217711,3461,855000
       Long-term Liabilities Other 
0
0
1,185
0
0
0
0
00001,18500
> Total Stockholder Equity
0
0
707,916
734,981
713,374
783,119
943,606
943,606783,119713,374734,981707,91600
   Common Stock
45,822
45,822
45,822
45,822
0
0
0
00045,82245,82245,82245,822
   Retained Earnings Total Equity0000000
   Accumulated Other Comprehensive Income 0000000
   Capital Surplus 0000000
   Treasury Stock0000000
   Other Stockholders Equity 0000000



Balance Sheet

Currency in INR. All numbers in thousands.




Cash Flow

Currency in INR. All numbers in thousands.




Income Statement

Currency in INR. All numbers in thousands.


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

Gross Profit (+$)
totalRevenue1,603,152
Cost of Revenue-1,068,883
Gross Profit534,269534,269
 
Operating Income (+$)
Gross Profit534,269
Operating Expense-1,421,255
Operating Income181,897-886,986
 
Operating Expense (+$)
Research Development0
Selling General Administrative14,017
Selling And Marketing Expenses0
Operating Expense1,421,25514,017
 
Net Interest Income (+$)
Interest Income10,100
Interest Expense-1,415
Other Finance Cost-2,027
Net Interest Income6,658
 
Pretax Income (+$)
Operating Income181,897
Net Interest Income6,658
Other Non-Operating Income Expenses0
Income Before Tax (EBT)231,175181,897
EBIT - interestExpense = -1,415
171,223
172,638
Interest Expense1,415
Earnings Before Interest and Taxes (EBIT)0232,590
Earnings Before Interest and Taxes (EBITDA)289,654
 
After tax Income (+$)
Income Before Tax231,175
Tax Provision-59,952
Net Income From Continuing Ops171,223171,223
Net Income171,223
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net0-6,658
 

Technical Analysis of MAGNA ELECTRO CASTINGS 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 MAGNA ELECTRO CASTINGS LTD.-$. The general trend of MAGNA ELECTRO CASTINGS LTD.-$ is BEARISH 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 MAGNA ELECTRO CASTINGS 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 MAGNA ELECTRO CASTINGS 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: 477.55 < 479.85 < 521.20.

The bearish price targets are: 388.00 > 379.06 > 370.61.

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MAGNA ELECTRO CASTINGS 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 MAGNA ELECTRO CASTINGS LTD.-$. The current mas is .

The long score for the Moving Averages is 2/14.
The longshort score for the Moving Averages is -10/(-14 +14).

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

Directionalities and relatives.

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

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

MAGNA ELECTRO CASTINGS 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 MAGNA ELECTRO CASTINGS LTD.-$. The current macd is -4.90058374.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-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 MAGNA ELECTRO CASTINGS LTD.-$ price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for MAGNA ELECTRO CASTINGS LTD.-$. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the MAGNA ELECTRO CASTINGS LTD.-$ 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 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
MAGNA ELECTRO CASTINGS LTD.-$ Daily Moving Average Convergence/Divergence (MACD) ChartMAGNA ELECTRO CASTINGS 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 MAGNA ELECTRO CASTINGS LTD.-$. The current adx is 19.79.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-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 MAGNA ELECTRO CASTINGS LTD.-$ shares, leading to potential downward 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.
MAGNA ELECTRO CASTINGS 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 MAGNA ELECTRO CASTINGS LTD.-$. The current sar is 440.63.

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
MAGNA ELECTRO CASTINGS 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 MAGNA ELECTRO CASTINGS LTD.-$. The current rsi is 48.92. The current phase is Continuation in bear market.

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

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Trending up: The RSI is trending up. +1
MAGNA ELECTRO CASTINGS LTD.-$ Daily Relative Strength Index (RSI) ChartMAGNA ELECTRO CASTINGS 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 MAGNA ELECTRO CASTINGS LTD.-$. The current phase is Continuation in bear 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 MAGNA ELECTRO CASTINGS LTD.-$ price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
MAGNA ELECTRO CASTINGS LTD.-$ Daily Stochastic Oscillator ChartMAGNA ELECTRO CASTINGS 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 MAGNA ELECTRO CASTINGS LTD.-$. The current cci is -15.40531855.

MAGNA ELECTRO CASTINGS LTD.-$ Daily Commodity Channel Index (CCI) ChartMAGNA ELECTRO CASTINGS 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 MAGNA ELECTRO CASTINGS LTD.-$. The current cmo is 3.32321819.

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
MAGNA ELECTRO CASTINGS LTD.-$ Daily Chande Momentum Oscillator (CMO) ChartMAGNA ELECTRO CASTINGS 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 MAGNA ELECTRO CASTINGS LTD.-$. The current willr is -53.07566685.

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 MAGNA ELECTRO CASTINGS LTD.-$ is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
MAGNA ELECTRO CASTINGS LTD.-$ Daily Williams %R ChartMAGNA ELECTRO CASTINGS 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 MAGNA ELECTRO CASTINGS LTD.-$.

MAGNA ELECTRO CASTINGS 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 MAGNA ELECTRO CASTINGS LTD.-$. The current atr is 22.65.

MAGNA ELECTRO CASTINGS LTD.-$ Daily Average True Range (ATR) ChartMAGNA ELECTRO CASTINGS 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 MAGNA ELECTRO CASTINGS LTD.-$. The current obv is 460,834.

MAGNA ELECTRO CASTINGS LTD.-$ Daily On-Balance Volume (OBV) ChartMAGNA ELECTRO CASTINGS 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 MAGNA ELECTRO CASTINGS LTD.-$. The current mfi is 53.81.

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
MAGNA ELECTRO CASTINGS LTD.-$ Daily Money Flow Index (MFI) ChartMAGNA ELECTRO CASTINGS LTD.-$ Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for MAGNA ELECTRO CASTINGS 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
2023-11-06MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-11-07STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-09STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-13STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-16MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-17DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-11-21STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-22STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-24STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-29DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-01MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-04MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-06CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-12-07STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-13CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-18SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-19STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-21STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-22STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-26DMI 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
2023-12-28STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-29MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-05BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-01-15MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-16STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-17STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-18SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-19MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-20MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-22MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-23SAR 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
2024-01-24MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-01-25STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-29SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-30MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-31STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-02STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-02-05DMI 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.
2024-02-07DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-02-08STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-09DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-02-12WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-13STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-15RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-02-16STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-19RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-23RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-02-26DMI 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.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-27MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-02-28DMI 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.
2024-02-29DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-01CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-12DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-20STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-22MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-26CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-27STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-28STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside

6.3. Candlestick Patterns

MAGNA ELECTRO CASTINGS LTD.-$ Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of MAGNA ELECTRO CASTINGS LTD.-$ based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5048.921
Ma 20Greater thanMa 50433.250
Ma 50Greater thanMa 100445.967
Ma 100Greater thanMa 200458.202
OpenGreater thanClose434.950
Total1/5 (20.0%)
Penke

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