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Omnitek Engineering
Buy, Hold or Sell?

Let's analyse Omnitek Engineering together

PenkeI guess you are interested in Omnitek Engineering. 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 Omnitek Engineering. 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 Omnitek Engineering (30 sec.)










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

How much money do you get?

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

What is your share worth?

Current worth
$-0.05
Expected worth in 1 year
$-0.06
How sure are you?
10.0%

+ What do you gain per year?

Total Gains per Share
$-0.01
Return On Investment
-47.3%

For what price can you sell your share?

Current Price per Share
$0.02
Expected price per share
$0.01 - $0.02
How sure are you?
50%

1. Valuation of Omnitek Engineering (5 min.)




Live pricePrice per Share (EOD)

$0.02

Intrinsic Value Per Share

$-0.11 - $0.15

Total Value Per Share

$-0.16 - $0.09

2. Growth of Omnitek Engineering (5 min.)




Is Omnitek Engineering growing?

Current yearPrevious yearGrowGrow %
How rich?-$1.1m-$900.5k-$170.9k-16.0%

How much money is Omnitek Engineering making?

Current yearPrevious yearGrowGrow %
Making money-$43.4k-$20.6k-$22.8k-52.5%
Net Profit Margin-17.9%-11.8%--

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

3. Financial Health of Omnitek Engineering (5 min.)




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




  Industry Rankings (Auto Parts)  


Richest
#554 / 564

Most Revenue
#558 / 564

Most Profit
#447 / 564

Most Efficient
#527 / 564

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

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

What can you expect buying and holding a share of Omnitek Engineering?

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

Speculation

The Price per Share of Omnitek Engineering is $0.0152. 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 Omnitek Engineering.
  • 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 Omnitek Engineering, 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 $-0.05. Based on the TTM, the Book Value Change Per Share is $0.00 per quarter. Based on the YOY, the Book Value Change Per Share is $0.00 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Omnitek Engineering.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps0.00-10.4%0.00-13.0%0.00-6.2%0.00-25.6%-0.01-43.9%
Usd Book Value Change Per Share0.00-9.6%0.00-11.8%0.00-2.6%0.00-20.7%0.009.7%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.00-9.6%0.00-11.8%0.00-2.6%0.00-20.7%0.009.7%
Usd Price Per Share0.02-0.04-0.06-0.06-0.44-
Price to Earnings Ratio-3.16--33.83--2.40--90.74--48.95-
Price-to-Total Gains Ratio-13.68-602.75--11.71-75.77--18.52-
Price to Book Ratio-0.38--0.73--1.43-5.10-6.77-
Price-to-Total Gains Ratio-13.68-602.75--11.71-75.77--18.52-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.0152
Number of shares65789
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.000.00
Usd Total Gains Per Share0.000.00
Gains per Quarter (65789 shares)-118.30-207.48
Gains per Year (65789 shares)-473.21-829.90
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10-473-4830-830-840
20-946-9560-1660-1670
30-1420-14290-2490-2500
40-1893-19020-3320-3330
50-2366-23750-4150-4160
60-2839-28480-4979-4990
70-3312-33210-5809-5820
80-3786-37940-6639-6650
90-4259-42670-7469-7480
100-4732-47400-8299-8310

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 Share0.04.00.00.0%1.011.00.08.3%1.019.00.05.0%2.036.02.05.0%3.038.017.05.2%
Book Value Change Per Share1.03.00.025.0%3.09.00.025.0%3.017.00.015.0%4.036.00.010.0%8.050.00.013.8%
Dividend per Share0.00.04.00.0%0.00.012.00.0%0.00.020.00.0%0.00.040.00.0%0.00.058.00.0%
Total Gains per Share1.03.00.025.0%3.09.00.025.0%3.017.00.015.0%4.036.00.010.0%8.050.00.013.8%

Fundamentals of Omnitek Engineering

About Omnitek Engineering

Omnitek Engineering Corp. develops and sells technology to convert diesel engines to an alternative fuel, natural gas engines, and complementary products in the United States and internationally. It offers conversion kits for converting diesel engines to run on an alternative fuel, including compressed, liquefied, and renewable natural gas, as well as liquid petroleum gas; natural gas engines and components; and high-pressure natural gas coalescing filters. The company's products are used for stationary applications; and the transportation market, such as light commercial vehicles, minibuses, heavy-duty trucks, and municipal buses, as well as rail and marine applications. It sells and delivers its products through its distributors, system integrators, fleet operators, and engine conversion companies, as well as directly to end-users. The company was incorporated in 2001 and is headquartered in Vista, California.

Fundamental data was last updated by Penke on 2024-03-12 04:17:03.

Financial Health

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

Valuation

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

1.1. Profitability of Omnitek Engineering.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Omnitek Engineering to the Auto Parts industry mean.
  • A Net Profit Margin of -13.7% means that $-0.14 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Omnitek Engineering:

  • The MRQ is -13.7%. The company is making a huge loss. -2
  • The TTM is -17.9%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-13.7%TTM-17.9%+4.2%
TTM-17.9%YOY-11.8%-6.1%
TTM-17.9%5Y-39.6%+21.7%
5Y-39.6%10Y-50.8%+11.2%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ-13.7%3.9%-17.6%
TTM-17.9%3.6%-21.5%
YOY-11.8%3.5%-15.3%
5Y-39.6%2.9%-42.5%
10Y-50.8%4.0%-54.8%
1.1.2. Return on Assets

Shows how efficient Omnitek Engineering is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Omnitek Engineering to the Auto Parts industry mean.
  • -3.8% Return on Assets means that Omnitek Engineering generated $-0.04 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Omnitek Engineering:

  • The MRQ is -3.8%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -4.4%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-3.8%TTM-4.4%+0.6%
TTM-4.4%YOY-1.9%-2.5%
TTM-4.4%5Y-7.5%+3.0%
5Y-7.5%10Y-8.1%+0.7%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ-3.8%1.2%-5.0%
TTM-4.4%1.0%-5.4%
YOY-1.9%1.0%-2.9%
5Y-7.5%0.9%-8.4%
10Y-8.1%1.2%-9.3%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Omnitek Engineering to the Auto Parts industry mean.
  • 0.0% Return on Equity means Omnitek Engineering generated $0.00 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Omnitek Engineering:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y-44.7%+44.7%
5Y-44.7%10Y-32.1%-12.6%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ-2.4%-2.4%
TTM-2.2%-2.2%
YOY-2.1%-2.1%
5Y-44.7%1.8%-46.5%
10Y-32.1%2.3%-34.4%

1.2. Operating Efficiency of Omnitek Engineering.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Omnitek Engineering is operating .

  • Measures how much profit Omnitek Engineering 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 Omnitek Engineering to the Auto Parts 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 Omnitek Engineering:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM0.3%-0.3%
TTM0.3%YOY-18.1%+18.4%
TTM0.3%5Y-36.3%+36.5%
5Y-36.3%10Y-50.8%+14.5%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ-6.0%-6.0%
TTM0.3%3.5%-3.2%
YOY-18.1%4.5%-22.6%
5Y-36.3%4.9%-41.2%
10Y-50.8%4.8%-55.6%
1.2.2. Operating Ratio

Measures how efficient Omnitek Engineering is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Auto Parts industry mean).
  • An Operation Ratio of 1.64 means that the operating costs are $1.64 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Omnitek Engineering:

  • The MRQ is 1.637. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.721. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.637TTM1.721-0.085
TTM1.721YOY1.772-0.051
TTM1.7215Y1.919-0.198
5Y1.91910Y1.810+0.109
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6371.618+0.019
TTM1.7211.616+0.105
YOY1.7721.623+0.149
5Y1.9191.568+0.351
10Y1.8101.278+0.532

1.3. Liquidity of Omnitek Engineering.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Auto Parts industry mean).
  • A Current Ratio of 0.33 means the company has $0.33 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Omnitek Engineering:

  • The MRQ is 0.329. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.366. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.329TTM0.366-0.037
TTM0.366YOY0.476-0.110
TTM0.3665Y0.611-0.245
5Y0.61110Y2.195-1.584
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3291.650-1.321
TTM0.3661.648-1.282
YOY0.4761.604-1.128
5Y0.6111.579-0.968
10Y2.1951.351+0.844
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Omnitek Engineering to the Auto Parts industry mean.
  • A Quick Ratio of 0.01 means the company can pay off $0.01 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Omnitek Engineering:

  • The MRQ is 0.007. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.013. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.007TTM0.013-0.006
TTM0.013YOY0.014-0.001
TTM0.0135Y0.035-0.022
5Y0.03510Y0.508-0.473
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0070.695-0.688
TTM0.0130.713-0.700
YOY0.0140.742-0.728
5Y0.0350.752-0.717
10Y0.5080.782-0.274

1.4. Solvency of Omnitek Engineering.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Omnitek Engineering assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Omnitek Engineering to Auto Parts industry mean.
  • A Debt to Asset Ratio of 2.25 means that Omnitek Engineering assets are financed with 225.4% credit (debt) and the remaining percentage (100% - 225.4%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Omnitek Engineering:

  • The MRQ is 2.254. The company is unable to pay all its debts by selling its assets. -2
  • The TTM is 2.073. The company is unable to pay all its debts by selling its assets. -2
Trends
Current periodCompared to+/- 
MRQ2.254TTM2.073+0.181
TTM2.073YOY1.699+0.374
TTM2.0735Y1.643+0.429
5Y1.64310Y1.006+0.637
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ2.2540.497+1.757
TTM2.0730.497+1.576
YOY1.6990.497+1.202
5Y1.6430.495+1.148
10Y1.0060.487+0.519
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Omnitek Engineering to the Auto Parts industry mean.
  • A Debt to Equity ratio of 0.0% means that company has $0.00 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Omnitek Engineering:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY-0.000
TTM-5Y5.653-5.653
5Y5.65310Y3.355+2.298
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.014-1.014
TTM-1.021-1.021
YOY-1.031-1.031
5Y5.6531.045+4.608
10Y3.3551.047+2.308

2. Market Valuation of Omnitek Engineering

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 Omnitek Engineering generates.

  • Above 15 is considered overpriced but always compare Omnitek Engineering to the Auto Parts industry mean.
  • A PE ratio of -3.16 means the investor is paying $-3.16 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Omnitek Engineering:

  • The EOD is -2.402. Based on the earnings, the company is expensive. -2
  • The MRQ is -3.161. Based on the earnings, the company is expensive. -2
  • The TTM is -33.835. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-2.402MRQ-3.161+0.759
MRQ-3.161TTM-33.835+30.674
TTM-33.835YOY-2.403-31.432
TTM-33.8355Y-90.744+56.909
5Y-90.74410Y-48.949-41.795
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
EOD-2.40212.654-15.056
MRQ-3.16111.732-14.893
TTM-33.83512.570-46.405
YOY-2.40315.239-17.642
5Y-90.74416.913-107.657
10Y-48.94921.344-70.293
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is -34.167. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -44.957. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -36.195. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-34.167MRQ-44.957+10.790
MRQ-44.957TTM-36.195-8.763
TTM-36.195YOY9.958-46.153
TTM-36.1955Y-15.693-20.502
5Y-15.69310Y-15.616-0.077
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
EOD-34.1675.527-39.694
MRQ-44.9575.007-49.964
TTM-36.1953.626-39.821
YOY9.9581.231+8.727
5Y-15.6932.384-18.077
10Y-15.6162.661-18.277
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Auto Parts industry mean).
  • A PB ratio of -0.38 means the investor is paying $-0.38 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Omnitek Engineering:

  • The EOD is -0.292. Based on the equity, the company is expensive. -2
  • The MRQ is -0.384. Based on the equity, the company is expensive. -2
  • The TTM is -0.732. Based on the equity, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-0.292MRQ-0.384+0.092
MRQ-0.384TTM-0.732+0.349
TTM-0.732YOY-1.433+0.701
TTM-0.7325Y5.099-5.831
5Y5.09910Y6.771-1.672
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
EOD-0.2921.518-1.810
MRQ-0.3841.481-1.865
TTM-0.7321.516-2.248
YOY-1.4331.620-3.053
5Y5.0991.700+3.399
10Y6.7712.210+4.561
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Omnitek Engineering 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---0.001-0.002+23%0.000-73%-0.003+116%0.001-199%
Book Value Per Share---0.052-0.049-6%-0.041-21%-0.032-39%0.024-315%
Current Ratio--0.3290.366-10%0.476-31%0.611-46%2.195-85%
Debt To Asset Ratio--2.2542.073+9%1.699+33%1.643+37%1.006+124%
Debt To Equity Ratio----0%-0%5.653-100%3.355-100%
Dividend Per Share----0%-0%-0%-0%
Eps---0.002-0.002+25%-0.001-41%-0.004+146%-0.007+322%
Free Cash Flow Per Share--0.0000.000+38%0.000-289%-0.001+965%-0.003+2483%
Free Cash Flow To Equity Per Share--0.0000.000-87%0.000-42%0.000-126%-0.001+937%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%0.950+5%
Intrinsic Value_10Y_max--0.145--------
Intrinsic Value_10Y_min---0.112--------
Intrinsic Value_1Y_max--0.000--------
Intrinsic Value_1Y_min---0.012--------
Intrinsic Value_3Y_max--0.011--------
Intrinsic Value_3Y_min---0.035--------
Intrinsic Value_5Y_max--0.035--------
Intrinsic Value_5Y_min---0.057--------
Market Cap333611.120-32%438962.000768183.500-43%1268600.180-65%1388985.509-68%9708145.060-95%
Net Profit Margin---0.137-0.179+31%-0.118-14%-0.396+190%-0.508+272%
Operating Margin---0.003-100%-0.1810%-0.3630%-0.5080%
Operating Ratio--1.6371.721-5%1.772-8%1.919-15%1.810-10%
Pb Ratio-0.292+24%-0.384-0.732+91%-1.433+274%5.099-108%6.771-106%
Pe Ratio-2.402+24%-3.161-33.835+970%-2.403-24%-90.744+2771%-48.949+1449%
Price Per Share0.015-32%0.0200.035-43%0.058-65%0.063-68%0.442-95%
Price To Free Cash Flow Ratio-34.167+24%-44.957-36.195-19%9.958-551%-15.693-65%-15.616-65%
Price To Total Gains Ratio-10.394+24%-13.676602.753-102%-11.706-14%75.772-118%-18.520+35%
Quick Ratio--0.0070.013-48%0.014-52%0.035-81%0.508-99%
Return On Assets---0.038-0.044+16%-0.019-50%-0.075+96%-0.081+114%
Return On Equity----0%-0%-0.4470%-0.3210%
Total Gains Per Share---0.001-0.002+23%0.000-73%-0.003+116%0.001-199%
Usd Book Value---1144376.000-1071515.500-6%-900579.250-21%-701666.450-39%532901.100-315%
Usd Book Value Change Per Share---0.001-0.002+23%0.000-73%-0.003+116%0.001-199%
Usd Book Value Per Share---0.052-0.049-6%-0.041-21%-0.032-39%0.024-315%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps---0.002-0.002+25%-0.001-41%-0.004+146%-0.007+322%
Usd Free Cash Flow---2441.000-3380.250+38%1291.750-289%-26004.450+965%-58379.700+2292%
Usd Free Cash Flow Per Share--0.0000.000+38%0.000-289%-0.001+965%-0.003+2483%
Usd Free Cash Flow To Equity Per Share--0.0000.000-87%0.000-42%0.000-126%-0.001+937%
Usd Market Cap333611.120-32%438962.000768183.500-43%1268600.180-65%1388985.509-68%9708145.060-95%
Usd Price Per Share0.015-32%0.0200.035-43%0.058-65%0.063-68%0.442-95%
Usd Profit---34717.000-43411.000+25%-20606.250-41%-85568.750+146%-146852.200+323%
Usd Revenue--254061.000268285.250-5%266942.000-5%250783.850+1%297844.625-15%
Usd Total Gains Per Share---0.001-0.002+23%0.000-73%-0.003+116%0.001-199%
 EOD+2 -6MRQTTM+15 -16YOY+4 -265Y+18 -1310Y+17 -15

3.2. Fundamental Score

Let's check the fundamental score of Omnitek Engineering based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-2.402
Price to Book Ratio (EOD)Between0-1-0.292
Net Profit Margin (MRQ)Greater than0-0.137
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.007
Current Ratio (MRQ)Greater than10.329
Debt to Asset Ratio (MRQ)Less than12.254
Debt to Equity Ratio (MRQ)Less than10.000
Return on Equity (MRQ)Greater than0.150.000
Return on Assets (MRQ)Greater than0.05-0.038
Total1/10 (10.0%)

3.3. Technical Score

Let's check the technical score of Omnitek Engineering based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than504.028
Ma 20Greater thanMa 500.020
Ma 50Greater thanMa 1000.020
Ma 100Greater thanMa 2000.019
OpenGreater thanClose0.015
Total1/5 (20.0%)



Latest Balance Sheet

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

Summary
Total Assets913
Total Liabilities2,057
Total Stockholder Equity-1,144
 As reported
Total Liabilities 2,057
Total Stockholder Equity+ -1,144
Total Assets = 913

Assets

Total Assets913
Total Current Assets515
Long-term Assets397
Total Current Assets
Cash And Cash Equivalents 7
Net Receivables 10
Inventory 484
Total Current Assets  (as reported)515
Total Current Assets  (calculated)501
+/- 14
Long-term Assets
Property Plant Equipment 384
Long-term Assets  (as reported)397
Long-term Assets  (calculated)384
+/- 14

Liabilities & Shareholders' Equity

Total Current Liabilities1,568
Long-term Liabilities489
Total Stockholder Equity-1,144
Total Current Liabilities
Short Long Term Debt 63
Accounts payable 371
Total Current Liabilities  (as reported)1,568
Total Current Liabilities  (calculated)434
+/- 1,134
Long-term Liabilities
Capital Lease Obligations Min Short Term Debt416
Long-term Liabilities  (as reported)489
Long-term Liabilities  (calculated)416
+/- 72
Total Stockholder Equity
Total Stockholder Equity (as reported)-1,144
Total Stockholder Equity (calculated)0
+/- 1,144
Other
Capital Stock8,607
Common Stock Shares Outstanding 21,948
Net Debt 255
Net Invested Capital -882
Net Working Capital -1,053
Property Plant and Equipment Gross 451



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302009-12-312009-09-302009-06-302009-03-31
> Total Assets 
2,429
2,305
2,206
1,548
1,436
1,483
1,268
1,221
1,364
1,252
1,147
1,172
5,977
5,896
6,034
5,612
5,223
4,886
4,478
4,143
3,843
3,378
3,105
2,996
2,903
2,593
2,361
2,289
2,234
2,134
2,027
1,999
2,127
2,048
1,628
1,619
1,562
1,525
1,448
1,441
1,364
1,401
1,115
1,110
1,152
1,023
977
947
896
1,461
1,425
1,357
1,244
1,181
1,113
1,056
956
913
9139561,0561,1131,1811,2441,3571,4251,4618969479771,0231,1521,1101,1151,4011,3641,4411,4481,5251,5621,6191,6282,0482,1271,9992,0272,1342,2342,2892,3612,5932,9032,9963,1053,3783,8434,1434,4784,8865,2235,6126,0345,8965,9771,1721,1471,2521,3641,2211,2681,4831,4361,5482,2062,3052,429
   > Total Current Assets 
0
0
0
0
0
0
0
0
1,313
1,222
0
0
0
0
0
0
0
0
4,357
4,028
3,736
3,280
3,001
2,899
2,814
2,526
2,287
2,222
2,175
2,096
1,981
1,959
2,093
2,021
1,607
1,601
1,543
1,508
1,415
1,408
1,332
1,368
1,082
1,078
1,124
1,007
961
932
867
814
804
766
684
657
620
595
526
515
5155265956206576847668048148679329611,0071,1241,0781,0821,3681,3321,4081,4151,5081,5431,6011,6072,0212,0931,9591,9812,0962,1752,2222,2872,5262,8142,8993,0013,2803,7364,0284,357000000001,2221,31300000000
       Cash And Cash Equivalents 
9
5
10
79
15
41
35
32
114
48
31
48
3,524
3,240
3,193
2,561
1,999
1,374
1,058
731
266
645
499
433
350
206
106
38
27
7
18
20
97
44
23
12
41
5
17
34
8
81
20
27
107
39
61
60
21
14
60
41
7
8
56
71
10
7
7107156874160142160613910727208183417541122344972018727381062063504334996452667311,0581,3741,9992,5613,1933,2403,52448314811432354115791059
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
254
202
1,024
917
910
804
0
0
0
0
0
0
0
0
0
0
24
36
41
17
22
22
29
6
5
10
7
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000710562922221741362400000000008049109171,024202254000000000000000
       Net Receivables 
0
0
0
0
0
0
0
0
19
61
0
0
0
0
0
0
0
0
72
33
85
73
56
119
111
70
48
96
53
57
66
65
84
36
11
35
36
22
20
24
24
11
37
71
66
26
27
27
25
56
23
26
22
13
12
16
40
10
104016121322262356252727266671371124242022363511368465665753964870111119567385337200000000611900000000
       Other Current Assets 
674
587
602
128
96
146
73
112
66
46
45
87
177
262
339
387
219
84
84
18
162
4
4
46
137
45
26
37
24
37
27
24
36
41
17
42
24
0
19
40
24
20
16
16
28
37
52
63
58
0
0
0
0
0
0
0
0
0
000000000586352372816162024401902442174136242737243726451374644162188484219387339262177874546661127314696128602587674
   > Long-term Assets 
0
0
0
0
0
0
0
0
51
30
0
0
0
0
0
0
0
0
121
117
106
100
104
97
89
67
74
66
59
38
46
40
34
28
22
0
0
0
33
33
33
32
32
32
27
16
16
15
29
647
622
591
560
525
493
462
430
397
397430462493525560591622647291516162732323233333300022283440463859667467899710410010611712100000000305100000000
       Property Plant Equipment 
22
18
15
12
6
5
0
11
15
14
13
13
12
15
15
60
97
114
118
112
104
97
89
81
74
67
59
52
45
38
32
26
19
13
7
3
4
3
2
2
2
2
2
2
2
1
1
1
1
635
608
577
547
511
480
448
416
384
384416448480511547577608635111122222223437131926323845525967748189971041121181149760151512131314151105612151822
       Intangible Assets 
221
200
179
158
118
98
77
56
36
16
8
7
6
6
5
5
4
3
3
2
2
2
1
1
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000000000000000000001112223345566781636567798118158179200221
       Long-term Assets Other 
0
0
0
0
0
0
0
0
36
16
0
0
0
0
0
0
0
0
3
2
2
2
14
15
15
0
15
14
14
0
14
14
14
14
14
0
0
0
30
30
30
30
30
30
26
14
14
14
28
12
0
0
0
0
0
0
0
0
00000000122814141426303030303030000141414141401414150151514222300000000163600000000
> Total Liabilities 
736
683
645
677
781
853
871
736
709
672
698
851
652
605
766
7,174
6,832
7,329
505
541
642
543
536
629
650
523
572
661
617
684
746
757
1,051
1,097
1,152
1,218
1,233
1,285
1,353
1,426
1,469
1,577
1,546
1,627
1,799
1,762
1,851
1,810
1,846
2,413
2,233
2,234
2,174
2,168
2,099
2,100
2,068
2,057
2,0572,0682,1002,0992,1682,1742,2342,2332,4131,8461,8101,8511,7621,7991,6271,5461,5771,4691,4261,3531,2851,2331,2181,1521,0971,0517577466846176615725236506295365436425415057,3296,8327,174766605652851698672709736871853781677645683736
   > Total Current Liabilities 
736
683
645
677
781
853
871
736
709
672
698
851
652
605
766
7,174
6,832
7,329
505
541
642
543
536
629
650
523
572
661
617
684
746
757
1,051
1,097
1,152
1,218
1,163
1,230
1,353
1,426
1,469
1,577
1,531
1,627
1,539
1,521
1,621
1,526
1,534
1,567
1,517
1,539
1,511
1,552
1,514
1,545
1,545
1,568
1,5681,5451,5451,5141,5521,5111,5391,5171,5671,5341,5261,6211,5211,5391,6271,5311,5771,4691,4261,3531,2301,1631,2181,1521,0971,0517577466846176615725236506295365436425415057,3296,8327,174766605652851698672709736871853781677645683736
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
15
30
0
0
100
85
70
92
15
15
40
57
70
15
37
0
0
0
0
0
0
0
0
0
000000000371570574015159270851000030150000000000000000000000000000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
30
30
30
45
100
100
90
92
42
57
55
72
85
30
52
46
46
35
35
51
48
65
63
63
636365485135354646523085725557429290100100453030300000000000000000000000000000000000
       Accounts payable 
326
285
285
28
104
528
141
69
62
35
61
144
68
71
317
93
66
105
283
137
360
147
84
231
250
318
342
433
390
565
658
670
802
801
924
488
485
516
1,029
1,083
533
576
543
723
653
1,230
1,201
1,204
1,215
555
498
520
499
517
481
364
360
371
3713603644815174995204985551,2151,2041,2011,2306537235435765331,0831,02951648548892480180267065856539043334231825023184147360137283105669331771681446135626914152810428285285326
       Other Current Liabilities 
410
388
350
565
643
299
730
667
66
46
637
667
584
534
449
7,081
6,766
7,224
222
234
282
275
346
398
401
205
230
227
227
119
87
87
249
296
212
269
152
141
225
258
239
249
239
269
245
233
351
308
282
245
246
246
231
231
231
0
0
0
00023123123124624624528230835123324526923924923925822514115226921229624987871192272272302054013983462752822342227,2246,7667,0814495345846676374666667730299643565350388410
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
15
0
259
242
229
284
312
846
716
696
663
615
585
555
524
489
489524555585615663696716846312284229242259015000000000000000000000000000000000000000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
259
242
229
284
312
0
0
0
0
0
0
0
0
0
00000000031228422924225900000000000000000000000000000000000000000000
> Total Stockholder Equity
1,693
1,622
1,561
871
655
630
397
485
655
580
449
321
5,325
5,291
5,268
0
0
0
3,974
3,601
3,201
2,835
2,569
2,367
2,252
2,070
1,789
1,628
1,617
1,450
1,281
1,242
1,076
951
477
401
329
240
95
14
-105
-176
-431
-516
-647
-739
-874
-863
-950
-952
-808
-878
-930
-987
-986
-1,043
-1,112
-1,144
-1,144-1,112-1,043-986-987-930-878-808-952-950-863-874-739-647-516-431-176-10514952403294014779511,0761,2421,2811,4501,6171,6281,7892,0702,2522,3672,5692,8353,2013,6013,9740005,2685,2915,3253214495806554853976306558711,5611,6221,693
   Common Stock
2,320
2,320
2,320
2,330
2,338
2,358
2,375
2,375
2,612
2,659
2,659
2,679
8,196
8,196
8,196
8,196
8,196
8,196
8,201
8,201
8,215
8,215
8,290
8,291
8,291
8,291
8,291
8,291
8,391
8,411
8,411
8,411
8,411
8,411
8,411
8,411
8,411
8,427
8,427
8,427
8,427
8,502
8,527
8,527
8,527
8,578
8,578
8,578
8,578
8,578
8,607
8,607
8,607
8,607
8,607
0
0
0
0008,6078,6078,6078,6078,6078,5788,5788,5788,5788,5788,5278,5278,5278,5028,4278,4278,4278,4278,4118,4118,4118,4118,4118,4118,4118,4118,3918,2918,2918,2918,2918,2918,2908,2158,2158,2018,2018,1968,1968,1968,1968,1968,1962,6792,6592,6592,6122,3752,3752,3582,3382,3302,3202,3202,320
   Retained Earnings Total Equity000000000-21,555-21,466-21,466-21,329-21,235-21,103-20,976-20,669-20,492-20,362-20,256000-19,787-19,301-19,151-18,960-18,751-18,557-18,339-18,046-17,849-17,520-17,248-17,079-16,842-16,433-10,287-9,827-15,01300000000-6,268-6,08900000000
   Accumulated Other Comprehensive Income 0000000000000000000000000000000000000000000000000000000000
   Capital Surplus 
0
0
0
0
0
0
0
0
4,131
4,189
0
0
0
0
0
0
0
0
10,786
5,227
5,273
11,053
11,122
11,155
11,209
11,298
11,347
11,383
11,565
11,596
11,621
11,790
11,816
11,841
11,852
0
0
0
11,923
11,949
11,960
11,990
11,998
12,008
12,010
12,012
12,013
12,025
12,027
0
0
0
0
0
0
0
0
0
00000000012,02712,02512,01312,01212,01012,00811,99811,99011,96011,94911,92300011,85211,84111,81611,79011,62111,59611,56511,38311,34711,29811,20911,15511,12211,0535,2735,22710,786000000004,1894,13100000000
   Treasury Stock0000000000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
20
51
51
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000515120000000000000000000000000000000000000000000



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


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

Gross Profit (+$)
totalRevenue1,073
Cost of Revenue-606
Gross Profit467467
 
Operating Income (+$)
Gross Profit467
Operating Expense-1,223
Operating Income-150-756
 
Operating Expense (+$)
Research Development67
Selling General Administrative547
Selling And Marketing Expenses-
Operating Expense1,223615
 
Net Interest Income (+$)
Interest Income-
Interest Expense-23
Other Finance Cost-0
Net Interest Income-23
 
Pretax Income (+$)
Operating Income-150
Net Interest Income-23
Other Non-Operating Income Expenses-
Income Before Tax (EBT)-173-150
EBIT - interestExpense = -23
-174
-150
Interest Expense23
Earnings Before Interest and Taxes (EBIT)--150
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax-173
Tax Provision-1
Net Income From Continuing Ops-174-174
Net Income-174
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net-23
 

Technical Analysis of Omnitek Engineering
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 Omnitek Engineering. The general trend of Omnitek Engineering 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 Omnitek Engineering'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 Omnitek Engineering.

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: 0.02 < 0.02 < 0.02.

The bearish price targets are: 0.015 > 0.01 > 0.01.

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

Omnitek Engineering 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 Omnitek Engineering. The current macd is -0.00036892.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Omnitek Engineering price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Omnitek Engineering. 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 Omnitek Engineering price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Omnitek Engineering Daily Moving Average Convergence/Divergence (MACD) ChartOmnitek Engineering 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 Omnitek Engineering. The current adx is 14.79.

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

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Omnitek Engineering shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bearish trend could be forming. -1
Omnitek Engineering 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 Omnitek Engineering. The current sar is 0.02.

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
Omnitek Engineering 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 Omnitek Engineering. The current rsi is 4.02763847. The current phase is Oversold 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 0/(-13 +13).

  • Oversold in bear market: Short-term excessive selling, potential for relief rally. Be cautious, consider taking short-term long positions. +1
  • Trending down: The RSI is trending down. -1
Omnitek Engineering Daily Relative Strength Index (RSI) ChartOmnitek Engineering 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 Omnitek Engineering. The current phase is Oversold in bear market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -6/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Omnitek Engineering price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Omnitek Engineering Daily Stochastic Oscillator ChartOmnitek Engineering 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 Omnitek Engineering. The current cci is -666.66666667.

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

  • CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1
Omnitek Engineering Daily Commodity Channel Index (CCI) ChartOmnitek Engineering 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 Omnitek Engineering. The current cmo is -99.52191006.

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

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Omnitek Engineering Daily Chande Momentum Oscillator (CMO) ChartOmnitek Engineering 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 Omnitek Engineering. The current willr is -100.

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

  • WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1
Omnitek Engineering Daily Williams %R ChartOmnitek Engineering 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 Omnitek Engineering.

Omnitek Engineering 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 Omnitek Engineering. The current atr is 0.00037841.

Omnitek Engineering Daily Average True Range (ATR) ChartOmnitek Engineering 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 Omnitek Engineering. The current obv is -235,252.

Omnitek Engineering Daily On-Balance Volume (OBV) ChartOmnitek Engineering 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 Omnitek Engineering. The current mfi is 0.

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

  • MFI < 50: -1
  • MFI < 20: -1
Omnitek Engineering Daily Money Flow Index (MFI) ChartOmnitek Engineering Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Omnitek Engineering.

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
2023-11-03MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below 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.
2023-11-07DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-11-08STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-14DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-16STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-17STOCH 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).
2023-11-20STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-21STOCH 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
2023-11-22STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-24MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-11-27MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-28STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-29MACD 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.
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).
2023-11-30CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-04DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-12-05CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2023-12-07MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-08MACD 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.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-12DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-12-15STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-18MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-20STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-22STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-02MACD 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.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-03MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-09WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-12MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-25MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-03-27DMI 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
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).

6.3. Candlestick Patterns

Omnitek Engineering Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Omnitek Engineering based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than504.028
Ma 20Greater thanMa 500.020
Ma 50Greater thanMa 1000.020
Ma 100Greater thanMa 2000.019
OpenGreater thanClose0.015
Total1/5 (20.0%)
Penke

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