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Midway Ltd
Buy, Hold or Sell?

Let's analyse Midway Ltd together

PenkeI guess you are interested in Midway 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 Midway 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 Midway Ltd (30 sec.)










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

How much money do you get?

How much money do you get?
A$0.00
When do you have the money?
1 year
How often do you get paid?
80.0%

What is your share worth?

Current worth
A$1.45
Expected worth in 1 year
A$1.55
How sure are you?
60.0%

+ What do you gain per year?

Total Gains per Share
A$0.10
Return On Investment
13.1%

For what price can you sell your share?

Current Price per Share
A$0.76
Expected price per share
A$0.73 - A$0.8665
How sure are you?
50%
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1. Valuation of Midway Ltd (5 min.)




Live pricePrice per Share (EOD)

A$0.76

Intrinsic Value Per Share

A$-1.28 - A$-0.14

Total Value Per Share

A$0.18 - A$1.31

2. Growth of Midway Ltd (5 min.)




Is Midway Ltd growing?

Current yearPrevious yearGrowGrow %
How rich?$83m$81.6m$1.4m1.7%

How much money is Midway Ltd making?

Current yearPrevious yearGrowGrow %
Making money-$1.8m-$8.4m$6.6m362.8%
Net Profit Margin-1.5%-6.5%--

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

3. Financial Health of Midway Ltd (5 min.)




4. Comparing to competitors in the Lumber & Wood Production industry (5 min.)




  Industry Rankings (Lumber & Wood Production)  


Richest
#36 / 65

Most Revenue
#19 / 65

Most Profit
#42 / 65
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What can you expect buying and holding a share of Midway Ltd? (5 min.)

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

What can you expect buying and holding a share of Midway Ltd?

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

Speculation

The Price per Share of Midway Ltd is A$0.76. 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 Midway 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 Midway 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 A$1.45. Based on the TTM, the Book Value Change Per Share is A$0.02 per quarter. Based on the YOY, the Book Value Change Per Share is A$-0.09 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is A$0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Midway Ltd.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 A$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per Share
Usd Eps-0.02-2.8%-0.02-2.8%-0.10-12.8%-0.01-1.5%0.057.2%
Usd Book Value Change Per Share0.022.1%0.022.1%-0.06-7.3%0.045.5%-0.01-1.5%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.034.6%0.1012.7%
Usd Total Gains Per Share0.022.1%0.022.1%-0.06-7.3%0.0810.1%0.0911.2%
Usd Price Per Share0.47-0.47-0.48-0.86-0.77-
Price to Earnings Ratio-22.59--22.59--4.98--7.24--0.89-
Price-to-Total Gains Ratio29.06-29.06--8.68-7.38-6.51-
Price to Book Ratio0.50-0.50-0.52-0.85-0.90-
Price-to-Total Gains Ratio29.06-29.06--8.68-7.38-6.51-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.49704
Number of shares2011
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.03
Usd Book Value Change Per Share0.020.04
Usd Total Gains Per Share0.020.08
Gains per Quarter (2011 shares)32.81153.74
Gains per Year (2011 shares)131.25614.95
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10131121281334605
202632525616691220
3039438384210031835
40525514112313372450
50656645140316713065
60788776168420063680
70919907196523404295
8010501038224526744910
9011811169252630095525
10013131300280733436140

How sure are you?

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

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.01.00.00.0%0.03.00.00.0%1.04.00.020.0%6.04.00.060.0%6.04.03.046.2%
Book Value Change Per Share1.00.00.0100.0%2.01.00.066.7%3.02.00.060.0%6.04.00.060.0%7.06.00.053.8%
Dividend per Share0.00.01.00.0%1.00.02.033.3%3.00.02.060.0%8.00.02.080.0%11.00.02.084.6%
Total Gains per Share1.00.00.0100.0%2.01.00.066.7%3.02.00.060.0%6.04.00.060.0%8.05.00.061.5%
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Fundamentals of Midway Ltd

About Midway Ltd

Midway Limited engages in the production, processing, and export of woodfibre in Australia, China, Japan, and Southeast Asia. It operates through Woodfibre, Forestry Logistics, and Plantation Management segments. The company provides support services to third parties engaged in growing woodfibre, including harvest and haul; supplies biomass woodchips and sawdust; and planation management services, comprising silviculture services. In addition, the company markets third party woodfibre. Midway Limited was incorporated in 1980 and is based in North Shore, Australia.

Fundamental data was last updated by Penke on 2024-02-18 12:04:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.
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1.1. Profitability of Midway Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Midway Ltd to the Lumber & Wood Production industry mean.
  • A Net Profit Margin of -1.5% means that $-0.01 for each $1 in revenue is generated as profit.

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

  • The MRQ is -1.5%. The company is making a loss. -1
  • The TTM is -1.5%. The company is making a loss. -1
Trends
Current periodCompared to+/- 
MRQ-1.5%TTM-1.5%0.0%
TTM-1.5%YOY-6.5%+5.0%
TTM-1.5%5Y-1.1%-0.4%
5Y-1.1%10Y3.8%-4.9%
Compared to industry (Lumber & Wood Production)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.5%3.1%-4.6%
TTM-1.5%--1.5%
YOY-6.5%5.9%-12.4%
5Y-1.1%1.2%-2.3%
10Y3.8%3.3%+0.5%
1.1.2. Return on Assets

Shows how efficient Midway Ltd is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Midway Ltd to the Lumber & Wood Production industry mean.
  • -1.5% Return on Assets means that Midway Ltd generated $-0.02 profit for each $1 in assets.

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

  • The MRQ is -1.5%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -1.5%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-1.5%TTM-1.5%0.0%
TTM-1.5%YOY-5.0%+3.5%
TTM-1.5%5Y-0.8%-0.8%
5Y-0.8%10Y4.2%-5.0%
Compared to industry (Lumber & Wood Production)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.5%0.5%-2.0%
TTM-1.5%-0.3%-1.2%
YOY-5.0%1.5%-6.5%
5Y-0.8%1.0%-1.8%
10Y4.2%1.1%+3.1%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Midway Ltd to the Lumber & Wood Production industry mean.
  • -2.2% Return on Equity means Midway Ltd generated $-0.02 for each $1 the owners (shareholders) invested.

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

  • The MRQ is -2.2%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -2.2%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-2.2%TTM-2.2%0.0%
TTM-2.2%YOY-10.5%+8.3%
TTM-2.2%5Y-1.6%-0.7%
5Y-1.6%10Y7.4%-9.0%
Compared to industry (Lumber & Wood Production)
PeriodCompanyIndustry (mean)+/- 
MRQ-2.2%1.3%-3.5%
TTM-2.2%0.5%-2.7%
YOY-10.5%2.3%-12.8%
5Y-1.6%1.6%-3.2%
10Y7.4%2.4%+5.0%
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1.2. Operating Efficiency of Midway Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Midway Ltd is operating .

  • Measures how much profit Midway 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 Midway Ltd to the Lumber & Wood Production industry mean.
  • An Operating Margin of 5.3% means the company generated $0.05  for each $1 in revenue (before taxes).

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

  • The MRQ is 5.3%. The company is operating less efficient.
  • The TTM is 5.3%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ5.3%TTM5.3%0.0%
TTM5.3%YOY-2.7%+8.0%
TTM5.3%5Y3.4%+1.9%
5Y3.4%10Y5.4%-2.0%
Compared to industry (Lumber & Wood Production)
PeriodCompanyIndustry (mean)+/- 
MRQ5.3%7.8%-2.5%
TTM5.3%4.5%+0.8%
YOY-2.7%9.0%-11.7%
5Y3.4%5.0%-1.6%
10Y5.4%4.4%+1.0%
1.2.2. Operating Ratio

Measures how efficient Midway Ltd is keeping operating costs low.

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

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

  • The MRQ is 1.078. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.078. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.078TTM1.0780.000
TTM1.078YOY1.077+0.001
TTM1.0785Y1.027+0.051
5Y1.02710Y1.095-0.068
Compared to industry (Lumber & Wood Production)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0781.565-0.487
TTM1.0781.447-0.369
YOY1.0771.106-0.029
5Y1.0271.237-0.210
10Y1.0951.201-0.106
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1.3. Liquidity of Midway Ltd.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Lumber & Wood Production industry mean).
  • A Current Ratio of 2.00 means the company has $2.00 in assets for each $1 in short-term debts.

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

  • The MRQ is 1.996. The company is able to pay all its short-term debts. +1
  • The TTM is 1.996. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.996TTM1.9960.000
TTM1.996YOY0.733+1.263
TTM1.9965Y1.433+0.563
5Y1.43310Y1.334+0.099
Compared to industry (Lumber & Wood Production)
PeriodCompanyIndustry (mean)+/- 
MRQ1.9961.921+0.075
TTM1.9961.994+0.002
YOY0.7331.967-1.234
5Y1.4331.904-0.471
10Y1.3341.749-0.415
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Midway Ltd to the Lumber & Wood Production industry mean.
  • A Quick Ratio of 0.88 means the company can pay off $0.88 for each $1 in debt (using most liquid assets).

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

  • The MRQ is 0.881. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.881. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.881TTM0.8810.000
TTM0.881YOY0.218+0.663
TTM0.8815Y0.618+0.263
5Y0.61810Y0.684-0.066
Compared to industry (Lumber & Wood Production)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8810.524+0.357
TTM0.8810.537+0.344
YOY0.2180.638-0.420
5Y0.6180.624-0.006
10Y0.6840.693-0.009
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1.4. Solvency of Midway Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Midway Ltd assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Midway Ltd to Lumber & Wood Production industry mean.
  • A Debt to Asset Ratio of 0.30 means that Midway Ltd assets are financed with 30.5% credit (debt) and the remaining percentage (100% - 30.5%) is financed by its owners/shareholders. 

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

  • The MRQ is 0.305. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.305. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.305TTM0.3050.000
TTM0.305YOY0.515-0.210
TTM0.3055Y0.460-0.156
5Y0.46010Y0.350+0.111
Compared to industry (Lumber & Wood Production)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3050.438-0.133
TTM0.3050.441-0.136
YOY0.5150.439+0.076
5Y0.4600.439+0.021
10Y0.3500.440-0.090
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Midway Ltd to the Lumber & Wood Production industry mean.
  • A Debt to Equity ratio of 44.4% means that company has $0.44 debt for each $1 in shareholders equity.

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

  • The MRQ is 0.444. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.444. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.444TTM0.4440.000
TTM0.444YOY1.072-0.628
TTM0.4445Y0.896-0.452
5Y0.89610Y0.653+0.243
Compared to industry (Lumber & Wood Production)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4440.712-0.268
TTM0.4440.724-0.280
YOY1.0720.751+0.321
5Y0.8960.863+0.033
10Y0.6530.861-0.208
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2. Market Valuation of Midway 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 Midway Ltd generates.

  • Above 15 is considered overpriced but always compare Midway Ltd to the Lumber & Wood Production industry mean.
  • A PE ratio of -22.59 means the investor is paying $-22.59 for every $1 in earnings.

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

  • The EOD is -23.680. Based on the earnings, the company is expensive. -2
  • The MRQ is -22.590. Based on the earnings, the company is expensive. -2
  • The TTM is -22.590. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-23.680MRQ-22.590-1.091
MRQ-22.590TTM-22.5900.000
TTM-22.590YOY-4.982-17.608
TTM-22.5905Y-7.239-15.351
5Y-7.23910Y-0.894-6.345
Compared to industry (Lumber & Wood Production)
PeriodCompanyIndustry (mean)+/- 
EOD-23.6805.789-29.469
MRQ-22.5905.726-28.316
TTM-22.5903.182-25.772
YOY-4.9825.429-10.411
5Y-7.2395.284-12.523
10Y-0.89417.396-18.290
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is -4.057. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -3.870. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -3.870. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-4.057MRQ-3.870-0.187
MRQ-3.870TTM-3.8700.000
TTM-3.870YOY-5.128+1.258
TTM-3.8705Y-13.609+9.739
5Y-13.60910Y-1.375-12.235
Compared to industry (Lumber & Wood Production)
PeriodCompanyIndustry (mean)+/- 
EOD-4.0573.789-7.846
MRQ-3.8703.987-7.857
TTM-3.8700.154-4.024
YOY-5.1280.912-6.040
5Y-13.6091.962-15.571
10Y-1.3752.475-3.850
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2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Lumber & Wood Production industry mean).
  • A PB ratio of 0.50 means the investor is paying $0.50 for each $1 in book value.

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

  • The EOD is 0.523. Based on the equity, the company is cheap. +2
  • The MRQ is 0.499. Based on the equity, the company is cheap. +2
  • The TTM is 0.499. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.523MRQ0.499+0.024
MRQ0.499TTM0.4990.000
TTM0.499YOY0.518-0.019
TTM0.4995Y0.851-0.352
5Y0.85110Y0.898-0.047
Compared to industry (Lumber & Wood Production)
PeriodCompanyIndustry (mean)+/- 
EOD0.5230.926-0.403
MRQ0.4991.074-0.575
TTM0.4991.076-0.577
YOY0.5181.321-0.803
5Y0.8511.289-0.438
10Y0.8981.779-0.881
2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Funds holding Midway Ltd

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2021-01-31Voya International Small Cap Fund0.029999999-28388--
2021-02-28SEI Institutional Investment Tr-Screened World Equity Ex-U.S. Fd0.01-9210--
Total 0.03999999903759800.0%
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4. Summary

4.1. Key Performance Indicators

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

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.0250.0250%-0.085+442%0.064-61%-0.018+170%
Book Value Per Share--1.4541.4540%1.429+2%1.504-3%1.529-5%
Current Ratio--1.9961.9960%0.733+172%1.433+39%1.334+50%
Debt To Asset Ratio--0.3050.3050%0.515-41%0.460-34%0.350-13%
Debt To Equity Ratio--0.4440.4440%1.072-59%0.896-50%0.653-32%
Dividend Per Share----0%-0%0.053-100%0.148-100%
Eps---0.032-0.0320%-0.149+363%-0.017-47%0.084-138%
Free Cash Flow Per Share---0.187-0.1870%-0.144-23%-0.015-92%0.028-760%
Free Cash Flow To Equity Per Share---0.933-0.9330%-0.291-69%-0.234-75%-0.196-79%
Gross Profit Margin--9.8829.8820%4.156+138%5.338+85%2.656+272%
Intrinsic Value_10Y_max---0.143--------
Intrinsic Value_10Y_min---1.277--------
Intrinsic Value_1Y_max--0.019--------
Intrinsic Value_1Y_min---0.062--------
Intrinsic Value_3Y_max--0.032--------
Intrinsic Value_3Y_min---0.244--------
Intrinsic Value_5Y_max--0.014--------
Intrinsic Value_5Y_min---0.489--------
Market Cap66375512.000+5%63318760.95063318760.9500%64628804.280-2%115371130.562-45%102576372.081-38%
Net Profit Margin---0.015-0.0150%-0.065+339%-0.011-26%0.038-140%
Operating Margin--0.0530.0530%-0.027+150%0.034+56%0.054-1%
Operating Ratio--1.0781.0780%1.077+0%1.027+5%1.095-2%
Pb Ratio0.523+5%0.4990.4990%0.518-4%0.851-41%0.898-44%
Pe Ratio-23.680-5%-22.590-22.5900%-4.982-78%-7.239-68%-0.894-96%
Price Per Share0.760+5%0.7250.7250%0.740-2%1.321-45%1.175-38%
Price To Free Cash Flow Ratio-4.057-5%-3.870-3.8700%-5.128+33%-13.609+252%-1.375-64%
Price To Total Gains Ratio30.461+5%29.05929.0590%-8.683+130%7.377+294%6.511+346%
Quick Ratio--0.8810.8810%0.218+304%0.618+43%0.684+29%
Return On Assets---0.015-0.0150%-0.050+229%-0.008-49%0.042-136%
Return On Equity---0.022-0.0220%-0.105+369%-0.016-29%0.074-130%
Total Gains Per Share--0.0250.0250%-0.085+442%0.117-79%0.130-81%
Usd Book Value--83042958.00083042958.0000%81617892.000+2%85908786.000-3%87320082.030-5%
Usd Book Value Change Per Share--0.0160.0160%-0.056+442%0.042-61%-0.011+170%
Usd Book Value Per Share--0.9510.9510%0.935+2%0.984-3%1.000-5%
Usd Dividend Per Share----0%-0%0.035-100%0.097-100%
Usd Eps---0.021-0.0210%-0.097+363%-0.011-47%0.055-138%
Usd Free Cash Flow---10700094.000-10700094.0000%-8241708.000-23%-841044.000-92%1621681.944-760%
Usd Free Cash Flow Per Share---0.123-0.1230%-0.094-23%-0.010-92%0.019-760%
Usd Free Cash Flow To Equity Per Share---0.610-0.6100%-0.191-69%-0.153-75%-0.128-79%
Usd Market Cap43409584.848+5%41410469.66141410469.6610%42267237.999-2%75452719.388-45%67084947.341-38%
Usd Price Per Share0.497+5%0.4740.4740%0.484-2%0.864-45%0.768-38%
Usd Profit---1833162.000-1833162.0000%-8484342.000+363%-964126.800-47%4772655.710-138%
Usd Revenue--123068412.000123068412.0000%129888978.000-5%158186511.600-22%137075460.270-10%
Usd Total Gains Per Share--0.0160.0160%-0.056+442%0.076-79%0.085-81%
 EOD+6 -2MRQTTM+0 -0YOY+23 -115Y+10 -2610Y+13 -23

4.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-23.680
Price to Book Ratio (EOD)Between0-10.523
Net Profit Margin (MRQ)Greater than0-0.015
Operating Margin (MRQ)Greater than00.053
Quick Ratio (MRQ)Greater than10.881
Current Ratio (MRQ)Greater than11.996
Debt to Asset Ratio (MRQ)Less than10.305
Debt to Equity Ratio (MRQ)Less than10.444
Return on Equity (MRQ)Greater than0.15-0.022
Return on Assets (MRQ)Greater than0.05-0.015
Total5/10 (50.0%)

4.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5051.261
Ma 20Greater thanMa 500.751
Ma 50Greater thanMa 1000.762
Ma 100Greater thanMa 2000.741
OpenGreater thanClose0.760
Total3/5 (60.0%)



Latest Balance Sheet

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

Summary
Total Assets182,599
Total Liabilities55,622
Total Stockholder Equity125,270
 As reported
Total Liabilities 55,622
Total Stockholder Equity+ 125,270
Total Assets = 182,599

Assets

Total Assets182,599
Total Current Assets75,147
Long-term Assets107,452
Total Current Assets
Cash And Cash Equivalents 5,606
Net Receivables 27,567
Inventory 36,740
Other Current Assets 5,234
Total Current Assets  (as reported)75,147
Total Current Assets  (calculated)75,147
+/-0
Long-term Assets
Property Plant Equipment 51,870
Goodwill 1,971
Long Term Investments 13,405
Intangible Assets 1,971
Other Assets 33,476
Long-term Assets  (as reported)107,452
Long-term Assets  (calculated)102,693
+/- 4,759

Liabilities & Shareholders' Equity

Total Current Liabilities37,645
Long-term Liabilities17,977
Total Stockholder Equity125,270
Total Current Liabilities
Short-term Debt 3,567
Short Long Term Debt 3,567
Accounts payable 8,692
Other Current Liabilities 9,151
Total Current Liabilities  (as reported)37,645
Total Current Liabilities  (calculated)24,977
+/- 12,668
Long-term Liabilities
Long term Debt Total 7,947
Other Liabilities 10,030
Long-term Liabilities  (as reported)17,977
Long-term Liabilities  (calculated)17,977
+/-0
Total Stockholder Equity
Common Stock64,888
Retained Earnings -31,544
Accumulated Other Comprehensive Income 91,926
Total Stockholder Equity (as reported)125,270
Total Stockholder Equity (calculated)125,270
+/-0
Other
Capital Stock64,888
Cash and Short Term Investments 5,606
Common Stock Shares Outstanding 87,336
Current Deferred Revenue16,235
Liabilities and Stockholders Equity 182,599
Net Debt 5,908
Net Invested Capital 136,784
Net Tangible Assets 123,299
Net Working Capital 37,502
Property Plant and Equipment Gross 51,870
Short Long Term Debt Total 11,514



Balance Sheet

Currency in AUD. All numbers in thousands.

 Trend2023-06-302022-06-302021-06-302020-06-302019-06-302018-06-302017-06-302016-06-302015-06-302014-06-302013-06-302012-06-302011-06-30
> Total Assets 
258,191
251,395
218,589
211,797
225,495
149,121
154,808
188,341
277,034
260,604
262,895
257,175
182,599
182,599257,175262,895260,604277,034188,341154,808149,121225,495211,797218,589251,395258,191
   > Total Current Assets 
0
0
0
42,075
57,039
31,826
35,713
52,928
71,322
54,769
59,290
46,109
75,147
75,14746,10959,29054,76971,32252,92835,71331,82657,03942,075000
       Cash And Cash Equivalents 
30,635
30,455
22,491
21,990
29,182
3,990
15,025
10,356
15,518
11,049
12,956
2,969
5,606
5,6062,96912,95611,04915,51810,35615,0253,99029,18221,99022,49130,45530,635
       Short-term Investments 
0
0
0
0
0
0
135
0
0
0
0
0
0
000000135000000
       Net Receivables 
12,441
8,489
8,712
15,020
10,331
9,915
7,781
19,457
22,752
3,564
17,329
10,774
27,567
27,56710,77417,3293,56422,75219,4577,7819,91510,33115,0208,7128,48912,441
       Other Current Assets 
1,590
1,727
1,023
1,261
3,442
6,210
5,090
4,797
6,048
6,187
6,561
8,583
5,234
5,2348,5836,5616,1876,0484,7975,0906,2103,4421,2611,0231,7271,590
   > Long-term Assets 
0
0
0
0
0
117,295
119,095
135,413
205,712
205,835
203,605
211,066
107,452
107,452211,066203,605205,835205,712135,413119,095117,29500000
       Property Plant Equipment 
198,616
192,378
174,031
163,370
159,150
101,517
98,318
107,848
127,369
133,137
141,067
144,839
51,870
51,870144,839141,067133,137127,369107,84898,318101,517159,150163,370174,031192,378198,616
       Goodwill 
1,971
1,971
1,971
1,971
1,971
1,971
1,971
2,955
2,955
1,971
1,971
1,971
1,971
1,9711,9711,9711,9712,9552,9551,9711,9711,9711,9711,9711,9711,971
       Long Term Investments 
0
0
0
4,381
7,335
12,998
13,390
12,948
15,294
13,816
9,978
11,019
13,405
13,40511,0199,97813,81615,29412,94813,39012,9987,3354,381000
       Intangible Assets 
1,971
1,971
1,971
1,971
1,971
1,971
1,971
7,794
6,286
1,971
1,971
1,971
1,971
1,9711,9711,9711,9716,2867,7941,9711,9711,9711,9711,9711,9711,971
       Other Assets 
0
0
0
0
0
0
0
0
3,200
8,589
9,000
53,237
33,476
33,47653,2379,0008,5893,20000000000
> Total Liabilities 
100,743
96,105
76,297
77,560
85,708
-64,956
63,763
89,113
134,374
130,485
130,654
132,377
55,622
55,622132,377130,654130,485134,37489,11363,763-64,95685,70877,56076,29796,105100,743
   > Total Current Liabilities 
31,775
29,878
14,654
21,797
22,424
-20,873
19,873
37,017
38,844
41,375
46,367
62,930
37,645
37,64562,93046,36741,37538,84437,01719,873-20,87322,42421,79714,65429,87831,775
       Short-term Debt 
0
0
0
32,899
30,197
-465
714
7,304
6,637
11,610
9,552
21,029
3,567
3,56721,0299,55211,6106,6377,304714-46530,19732,899000
       Short Long Term Debt 
0
0
0
32,899
30,197
-465
714
7,304
2,647
11,610
9,552
21,029
3,567
3,56721,0299,55211,6102,6477,304714-46530,19732,899000
       Accounts payable 
13,093
18,601
6,276
13,967
14,154
-17,954
15,837
18,370
11,080
8,556
9,553
9,788
8,692
8,6929,7889,5538,55611,08018,37015,837-17,95414,15413,9676,27618,60113,093
       Other Current Liabilities 
4,082
3,240
4,939
4,248
7,709
-2,454
3,322
11,343
434
5,523
8,202
6,908
9,151
9,1516,9088,2025,52343411,3433,322-2,4547,7094,2484,9393,2404,082
   > Long-term Liabilities 
0
0
0
0
0
-44,083
43,890
52,096
95,530
89,110
84,287
69,447
17,977
17,97769,44784,28789,11095,53052,09643,890-44,08300000
       Long term Debt Total 
0
0
0
0
29,635
30,436
30,949
35,422
38,356
38,868
34,882
25,862
7,947
7,94725,86234,88238,86838,35635,42230,94930,43629,6350000
       Capital Lease Obligations Min Short Term Debt
0
0
0
-32,899
-30,197
465
-714
-7,304
3,835
-11,610
-9,552
-21,029
-3,567
-3,567-21,029-9,552-11,6103,835-7,304-714465-30,197-32,899000
       Long-term Liabilities Other 
0
0
0
0
0
-88
1,608
0
40,210
37,675
31,850
32,717
7,146
7,14632,71731,85037,67540,21001,608-8800000
> Total Stockholder Equity
154,806
152,851
140,227
132,991
139,787
84,165
89,496
97,642
141,115
128,276
131,059
123,515
125,270
125,270123,515131,059128,276141,11597,64289,49684,165139,787132,991140,227152,851154,806
   Common Stock
28,833
28,833
28,833
28,833
28,833
28,833
28,833
29,045
64,791
64,888
64,888
64,888
64,888
64,88864,88864,88864,88864,79129,04528,83328,83328,83328,83328,83328,83328,833
   Retained Earnings 
68,952
70,353
61,153
61,416
75,021
-3,285
1,614
1,614
1,614
-10,405
-15,768
-28,741
-31,544
-31,544-28,741-15,768-10,4051,6141,6141,614-3,28575,02161,41661,15370,35368,952
   Capital Surplus 0000000000000
   Treasury Stock0000000000000
   Other Stockholders Equity 
0
0
0
42,742
37,657
256
29,237
32,286
32,141
-89,358
-83,995
-82,260
-116,794
-116,794-82,260-83,995-89,35832,14132,28629,23725637,65742,742000



Balance Sheet

Currency in AUD. All numbers in thousands.




Cash Flow

Currency in AUD. All numbers in thousands.




Income Statement

Currency in AUD. All numbers in thousands.


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

Gross Profit (+$)
totalRevenue188,178
Cost of Revenue-122,826
Gross Profit65,35265,352
 
Operating Income (+$)
Gross Profit65,352
Operating Expense-80,114
Operating Income-9,835-14,762
 
Operating Expense (+$)
Research Development0
Selling General Administrative20,561
Selling And Marketing Expenses24,897
Operating Expense80,11445,458
 
Net Interest Income (+$)
Interest Income1,700
Interest Expense-6,009
Other Finance Cost-445
Net Interest Income-4,754
 
Pretax Income (+$)
Operating Income-9,835
Net Interest Income-4,754
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-4,249-21,681
EBIT - interestExpense = 3,943
-4,864
3,206
Interest Expense6,009
Earnings Before Interest and Taxes (EBIT)9,9521,760
Earnings Before Interest and Taxes (EBITDA)19,414
 
After tax Income (+$)
Income Before Tax-4,249
Tax Provision--2,061
Net Income From Continuing Ops-2,188-2,188
Net Income-2,803
Net Income Applicable To Common Shares-2,803
 
Non-recurring Events
Discontinued Operations-191
Extraordinary Items-191
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses79,645
Total Other Income/Expenses Net11,8464,754
 

Technical Analysis of Midway 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 Midway Ltd. The general trend of Midway Ltd is BULLISH with 42.9% 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 Midway 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 (42.9%) Bearish trend (-42.9%)
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 Midway Ltd.

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

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

The bullish price targets are: 0.8 < 0.8 < 0.8665.

The bearish price targets are: 0.75 > 0.735 > 0.73.

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Midway 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 Midway Ltd. The current mas is .

The long score for the Moving Averages is 10/14.
The longshort score for the Moving Averages is 6/(-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 higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending down: The MA 200 is trending down. -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

Midway 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 Midway Ltd. The current macd is 0.00233323.

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 Midway Ltd price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Midway Ltd. 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 Midway Ltd price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Midway Ltd Daily Moving Average Convergence/Divergence (MACD) ChartMidway 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 Midway Ltd. The current adx is 25.33.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -4/(-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 Midway Ltd shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bearish trend. The ADX is trending up, so the bearish trend is strengthening.
Midway 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 Midway Ltd. The current sar is 0.70698687.

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
Midway Ltd Daily Parabolic SAR Chart
3rd Party Ad. No recommendation by Penke. PLUS is ad-free.

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 Midway Ltd. The current rsi is 51.26. The current phase is Continuation in bull market.

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

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
Midway Ltd Daily Relative Strength Index (RSI) ChartMidway 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 Midway Ltd. The current phase is Correction in bull market.

The long score for the Stochastic Oscillator is 2/6.
The longshort score for the Stochastic Oscillator is 0/(-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 Midway Ltd price going up in the near term. +2
  • Trending down: The STOCH %K is trending down. -1
Midway Ltd Daily Stochastic Oscillator ChartMidway 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 Midway Ltd. The current cci is 52.14.

Midway Ltd Daily Commodity Channel Index (CCI) ChartMidway 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 Midway Ltd. The current cmo is 2.935941.

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
Midway Ltd Daily Chande Momentum Oscillator (CMO) ChartMidway 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 Midway Ltd. The current willr is -54.54545455.

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 Midway Ltd is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Midway Ltd Daily Williams %R ChartMidway Ltd Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

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

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

Score

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

Midway 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 Midway Ltd. The current atr is 0.01402225.

Midway Ltd Daily Average True Range (ATR) ChartMidway Ltd Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

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

Score

Let's take a look at the On-Balance Volume (OBV) of Midway Ltd. The current obv is -5,758,444.

Midway Ltd Daily On-Balance Volume (OBV) ChartMidway 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 Midway Ltd. The current mfi is 58.77.

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
Midway Ltd Daily Money Flow Index (MFI) ChartMidway Ltd Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Midway 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
2023-09-29STOCH LONG EXITThe %K line crosses below the %D line.
2023-10-02RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-10-11MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-10-12MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR 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
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-10-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-10-16SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH 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.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-10-18STOCH LONG EXITThe %K line crosses below the %D line.
2023-10-19STOCH SHORT EXITThe %K line crosses above the %D line.
2023-10-23WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-10-24CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-10-26MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2023-10-27MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-01DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-11-02CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-03DMI 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
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-07STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-08STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-09DMI 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.
2023-11-13CCI 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
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-14STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-15STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-16STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-20STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-21CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-22STOCH 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
2023-11-23STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-24CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-27MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-28WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-29ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-30STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-01RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-05STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-06STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-07STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-08RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-12MACD 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
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-14STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-15STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-18WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-19STOCH 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).
2023-12-20CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-21STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-22MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-27MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-12-28DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-02DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.