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ReadCloud Ltd
Buy, Hold or Sell?

Let's analyse Readcloud together

PenkeI guess you are interested in ReadCloud 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 ReadCloud 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 Readcloud (30 sec.)










What can you expect buying and holding a share of Readcloud? (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?
22.2%

What is your share worth?

Current worth
A$0.07
Expected worth in 1 year
A$0.06
How sure are you?
55.6%

+ What do you gain per year?

Total Gains per Share
A$-0.01
Return On Investment
-19.6%

For what price can you sell your share?

Current Price per Share
A$0.05
Expected price per share
A$0.041 - A$0.045
How sure are you?
50%

1. Valuation of Readcloud (5 min.)




Live pricePrice per Share (EOD)

A$0.05

Intrinsic Value Per Share

A$-0.03 - A$0.00

Total Value Per Share

A$0.04 - A$0.06

2. Growth of Readcloud (5 min.)




Is Readcloud growing?

Current yearPrevious yearGrowGrow %
How rich?$6.1m$6.4m-$218.8k-3.5%

How much money is Readcloud making?

Current yearPrevious yearGrowGrow %
Making money-$1.4m-$1m-$388.7k-27.0%
Net Profit Margin-21.8%-20.0%--

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

3. Financial Health of Readcloud (5 min.)




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

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

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

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

Speculation

The Price per Share of Readcloud is A$0.045. 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 Readcloud.
  • 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 Readcloud, 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$0.07. Based on the TTM, the Book Value Change Per Share is A$0.00 per quarter. Based on the YOY, the Book Value Change Per Share is A$-0.02 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 Readcloud.

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-0.01-21.9%-0.01-21.9%-0.01-16.0%-0.01-14.9%0.00-9.5%
Usd Book Value Change Per Share0.00-3.3%0.00-3.3%-0.01-26.5%0.006.9%0.0010.5%
Usd Dividend Per Share0.000.2%0.000.2%0.000.0%0.000.3%0.000.1%
Usd Total Gains Per Share0.00-3.1%0.00-3.1%-0.01-26.5%0.007.1%0.0010.6%
Usd Price Per Share0.03-0.03-0.11-0.14-0.11-
Price to Earnings Ratio-3.51--3.51--14.60--25.33--19.45-
Price-to-Total Gains Ratio-24.52--24.52--8.84--12.91--86.73-
Price to Book Ratio0.82-0.82-2.40-4.09-3.40-
Price-to-Total Gains Ratio-24.52--24.52--8.84--12.91--86.73-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.028818
Number of shares34700
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 (34700 shares)-49.03111.26
Gains per Year (34700 shares)-196.12445.05
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
112-208-20616429435
223-416-40231859880
335-623-5984712881325
447-831-7946317181770
558-1039-9907821472215
670-1247-11869425762660
782-1454-138211030063105
893-1662-157812534353550
9105-1870-177414138653995
10117-2078-197015642944440

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%0.05.00.00.0%2.07.00.022.2%2.07.00.022.2%
Book Value Change Per Share0.01.00.00.0%1.02.00.033.3%2.03.00.040.0%5.04.00.055.6%5.04.00.055.6%
Dividend per Share1.00.00.0100.0%1.00.02.033.3%2.00.03.040.0%2.00.07.022.2%2.00.07.022.2%
Total Gains per Share0.01.00.00.0%1.02.00.033.3%2.03.00.040.0%5.04.00.055.6%5.04.00.055.6%

Fundamentals of Readcloud

About ReadCloud Ltd

ReadCloud Limited provides eLearning software and industry-based training solutions to schools and educational institutions in Australia. The company offers eBook platform that delivers digital content to students and teachers with ability to make commentary in and import third party content into eBooks. Its eBooks allows students and teachers to share notes, questions, videos, and web links directly inside the eBooks turning the eBook into a place for discussion, collaboration, and social learning. In addition, the company's ReadCloudVET enables the delivery of approximately 50 qualifications across specialist registered training organizations (RTOs) in vocational education and training courses delivered to schools. Further, it provides Southern Solutions Training Services, an RTO that delivers training models in the workplace environment for 14 qualifications, such as early childhood education and care, business, aged care, hospitality, logistics, and real estate. Additionally, the company sells and licenses approximately 200,000 eBooks. ReadCloud Limited was incorporated in 2009 and is headquartered in Brighton, Australia.

Fundamental data was last updated by Penke on 2024-04-04 23:31:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very 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 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.

1.1. Profitability of ReadCloud Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Readcloud to the Software - Application industry mean.
  • A Net Profit Margin of -21.8% means that $-0.22 for each $1 in revenue is generated as profit.

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

  • The MRQ is -21.8%. The company is making a huge loss. -2
  • The TTM is -21.8%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-21.8%TTM-21.8%0.0%
TTM-21.8%YOY-20.0%-1.7%
TTM-21.8%5Y-21.9%+0.2%
5Y-21.9%10Y-18.8%-3.2%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Readcloud to the Software - Application industry mean.
  • -16.0% Return on Assets means that Readcloud generated $-0.16 profit for each $1 in assets.

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

  • The MRQ is -16.0%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -16.0%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-16.0%TTM-16.0%0.0%
TTM-16.0%YOY-13.6%-2.4%
TTM-16.0%5Y-13.7%-2.3%
5Y-13.7%10Y-9.5%-4.2%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Readcloud to the Software - Application industry mean.
  • -23.3% Return on Equity means Readcloud generated $-0.23 for each $1 the owners (shareholders) invested.

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

  • The MRQ is -23.3%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -23.3%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-23.3%TTM-23.3%0.0%
TTM-23.3%YOY-16.4%-6.9%
TTM-23.3%5Y-18.4%-4.9%
5Y-18.4%10Y-16.4%-2.0%

1.2. Operating Efficiency of ReadCloud Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Readcloud is operating .

  • Measures how much profit Readcloud 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 Readcloud to the Software - Application industry mean.
  • An Operating Margin of -23.6% means the company generated $-0.24  for each $1 in revenue (before taxes).

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

  • The MRQ is -23.6%. The company is operating very inefficient. -2
  • The TTM is -23.6%. The company is operating very inefficient. -2
Trends
Current periodCompared to+/- 
MRQ-23.6%TTM-23.6%0.0%
TTM-23.6%YOY-19.7%-4.0%
TTM-23.6%5Y-22.7%-1.0%
5Y-22.7%10Y-19.2%-3.4%
1.2.2. Operating Ratio

Measures how efficient Readcloud is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Software - Application industry mean).
  • An Operation Ratio of 2.37 means that the operating costs are $2.37 for each $1 in net sales.

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

  • The MRQ is 2.367. The company is inefficient in keeping operating costs low. -1
  • The TTM is 2.367. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ2.367TTM2.3670.000
TTM2.367YOY2.375-0.008
TTM2.3675Y2.247+0.121
5Y2.24710Y2.109+0.138

1.3. Liquidity of ReadCloud Ltd.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Software - Application industry mean).
  • A Current Ratio of 0.72 means the company has $0.72 in assets for each $1 in short-term debts.

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

  • The MRQ is 0.719. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.719. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.719TTM0.7190.000
TTM0.719YOY2.041-1.322
TTM0.7195Y2.310-1.591
5Y2.31010Y4.020-1.711
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Readcloud to the Software - Application industry mean.
  • A Quick Ratio of 0.69 means the company can pay off $0.69 for each $1 in debt (using most liquid assets).

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

  • The MRQ is 0.692. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.692. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.692TTM0.6920.000
TTM0.692YOY2.007-1.315
TTM0.6925Y2.285-1.593
5Y2.28510Y3.950-1.665

1.4. Solvency of ReadCloud Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Readcloud to Software - Application industry mean.
  • A Debt to Asset Ratio of 0.31 means that Readcloud assets are financed with 31.3% credit (debt) and the remaining percentage (100% - 31.3%) is financed by its owners/shareholders. 

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

  • The MRQ is 0.313. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.313. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.313TTM0.3130.000
TTM0.313YOY0.171+0.142
TTM0.3135Y0.227+0.086
5Y0.22710Y0.284-0.057
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Readcloud to the Software - Application industry mean.
  • A Debt to Equity ratio of 45.6% means that company has $0.46 debt for each $1 in shareholders equity.

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

  • The MRQ is 0.456. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.456. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.456TTM0.4560.000
TTM0.456YOY0.206+0.250
TTM0.4565Y0.309+0.147
5Y0.30910Y0.685-0.376

2. Market Valuation of ReadCloud 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 Readcloud generates.

  • Above 15 is considered overpriced but always compare Readcloud to the Software - Application industry mean.
  • A PE ratio of -3.51 means the investor is paying $-3.51 for every $1 in earnings.

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

  • The EOD is -2.922. Based on the earnings, the company is expensive. -2
  • The MRQ is -3.512. Based on the earnings, the company is expensive. -2
  • The TTM is -3.512. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-2.922MRQ-3.512+0.591
MRQ-3.512TTM-3.5120.000
TTM-3.512YOY-14.604+11.092
TTM-3.5125Y-25.333+21.820
5Y-25.33310Y-19.447-5.886
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is -11.209. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -13.475. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -13.475. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-11.209MRQ-13.475+2.267
MRQ-13.475TTM-13.4750.000
TTM-13.475YOY-18.914+5.439
TTM-13.4755Y-37.651+24.176
5Y-37.65110Y-28.173-9.478
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Software - Application industry mean).
  • A PB ratio of 0.82 means the investor is paying $0.82 for each $1 in book value.

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

  • The EOD is 0.680. Based on the equity, the company is cheap. +2
  • The MRQ is 0.818. Based on the equity, the company is cheap. +2
  • The TTM is 0.818. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.680MRQ0.818-0.138
MRQ0.818TTM0.8180.000
TTM0.818YOY2.399-1.581
TTM0.8185Y4.087-3.269
5Y4.08710Y3.396+0.691
2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Funds holding ReadCloud Ltd

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2020-12-31Alps Series Tr-Seven Canyons World Innovators Fd1.6900001-2000000--
Total 1.69000010200000000.0%

4. Summary

4.1. Key Performance Indicators

The key performance indicators of ReadCloud 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---0.002-0.0020%-0.019+695%0.005-148%0.007-132%
Book Value Per Share--0.0660.0660%0.068-3%0.062+6%0.045+48%
Current Ratio--0.7190.7190%2.041-65%2.310-69%4.020-82%
Debt To Asset Ratio--0.3130.3130%0.171+83%0.227+38%0.284+10%
Debt To Equity Ratio--0.4560.4560%0.206+121%0.309+48%0.685-33%
Dividend Per Share--0.0000.0000%-+100%0.000-25%0.000+34%
Eps---0.015-0.0150%-0.011-27%-0.010-32%-0.007-57%
Free Cash Flow Per Share---0.004-0.0040%-0.009+116%-0.006+53%-0.004+4%
Free Cash Flow To Equity Per Share--0.0020.0020%-0.010+509%0.008-68%0.008-69%
Gross Profit Margin--1.0441.0440%1.200-13%1.106-6%1.059-1%
Intrinsic Value_10Y_max---0.001--------
Intrinsic Value_10Y_min---0.027--------
Intrinsic Value_1Y_max---0.005--------
Intrinsic Value_1Y_min---0.005--------
Intrinsic Value_3Y_max---0.011--------
Intrinsic Value_3Y_min---0.014--------
Intrinsic Value_5Y_max---0.013--------
Intrinsic Value_5Y_min---0.020--------
Market Cap6579224.640-20%7909690.0677909690.0670%24021480.186-67%32673891.612-76%25061160.129-68%
Net Profit Margin---0.218-0.2180%-0.200-8%-0.219+1%-0.188-14%
Operating Margin---0.236-0.2360%-0.197-17%-0.227-4%-0.192-19%
Operating Ratio--2.3672.3670%2.3750%2.247+5%2.109+12%
Pb Ratio0.680-20%0.8180.8180%2.399-66%4.087-80%3.396-76%
Pe Ratio-2.922+17%-3.512-3.5120%-14.604+316%-25.333+621%-19.447+454%
Price Per Share0.045-20%0.0540.0540%0.164-67%0.223-76%0.171-68%
Price To Free Cash Flow Ratio-11.209+17%-13.475-13.4750%-18.914+40%-37.651+179%-28.173+109%
Price To Total Gains Ratio-20.396+17%-24.520-24.5200%-8.839-64%-12.913-47%-86.735+254%
Quick Ratio--0.6920.6920%2.007-66%2.285-70%3.950-82%
Return On Assets---0.160-0.1600%-0.136-15%-0.137-15%-0.095-41%
Return On Equity---0.233-0.2330%-0.164-29%-0.184-21%-0.164-30%
Total Gains Per Share---0.002-0.0020%-0.019+743%0.005-144%0.007-130%
Usd Book Value--6193258.4496193258.4490%6412123.474-3%5833500.813+6%4181566.940+48%
Usd Book Value Change Per Share---0.001-0.0010%-0.012+695%0.003-148%0.005-132%
Usd Book Value Per Share--0.0420.0420%0.044-3%0.040+6%0.029+48%
Usd Dividend Per Share--0.0000.0000%-+100%0.000-25%0.000+34%
Usd Eps---0.010-0.0100%-0.007-27%-0.007-32%-0.004-57%
Usd Free Cash Flow---375905.194-375905.1940%-813329.774+116%-576148.284+53%-391699.023+4%
Usd Free Cash Flow Per Share---0.003-0.0030%-0.006+116%-0.004+53%-0.003+4%
Usd Free Cash Flow To Equity Per Share--0.0020.0020%-0.006+509%0.005-68%0.005-69%
Usd Market Cap4213335.459-20%5065365.5195065365.5190%15383355.911-67%20924360.188-76%16049166.946-68%
Usd Price Per Share0.029-20%0.0350.0350%0.105-67%0.143-76%0.110-68%
Usd Profit---1442169.273-1442169.2730%-1053377.310-27%-981174.003-32%-614779.233-57%
Usd Revenue--6627352.3086627352.3080%5258985.933+26%4739663.159+40%2837750.940+134%
Usd Total Gains Per Share---0.001-0.0010%-0.012+743%0.003-144%0.005-130%
 EOD+3 -5MRQTTM+0 -0YOY+15 -215Y+10 -2610Y+13 -23

4.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-2.922
Price to Book Ratio (EOD)Between0-10.680
Net Profit Margin (MRQ)Greater than0-0.218
Operating Margin (MRQ)Greater than0-0.236
Quick Ratio (MRQ)Greater than10.692
Current Ratio (MRQ)Greater than10.719
Debt to Asset Ratio (MRQ)Less than10.313
Debt to Equity Ratio (MRQ)Less than10.456
Return on Equity (MRQ)Greater than0.15-0.233
Return on Assets (MRQ)Greater than0.05-0.160
Total3/10 (30.0%)

4.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5061.058
Ma 20Greater thanMa 500.043
Ma 50Greater thanMa 1000.045
Ma 100Greater thanMa 2000.045
OpenGreater thanClose0.045
Total2/5 (40.0%)



Reversals in quarterly reports

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

 2019-06-302020-06-302021-06-302022-06-302023-06-30
Net Working Capital  1,0322,0993,1311,6824,813-3,0191,794-2,957-1,163
Total Other Income Expense Net 0-9-10-5-147-7251244



Latest Balance Sheet

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

Summary
Total Assets14,081
Total Liabilities4,410
Total Stockholder Equity9,671
 As reported
Total Liabilities 4,410
Total Stockholder Equity+ 9,671
Total Assets = 14,081

Assets

Total Assets14,081
Total Current Assets2,975
Long-term Assets11,105
Total Current Assets
Cash And Cash Equivalents 1,709
Net Receivables 1,154
Other Current Assets 112
Total Current Assets  (as reported)2,975
Total Current Assets  (calculated)2,975
+/-0
Long-term Assets
Property Plant Equipment 240
Goodwill 8,449
Long Term Investments 36
Intangible Assets 2,380
Long-term Assets Other 0
Long-term Assets  (as reported)11,105
Long-term Assets  (calculated)11,105
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities4,138
Long-term Liabilities272
Total Stockholder Equity9,671
Total Current Liabilities
Short-term Debt 131
Accounts payable 224
Other Current Liabilities 2,020
Total Current Liabilities  (as reported)4,138
Total Current Liabilities  (calculated)2,375
+/- 1,763
Long-term Liabilities
Capital Lease Obligations 223
Long-term Liabilities  (as reported)272
Long-term Liabilities  (calculated)223
+/- 49
Total Stockholder Equity
Common Stock19,755
Retained Earnings -10,416
Accumulated Other Comprehensive Income 332
Total Stockholder Equity (as reported)9,671
Total Stockholder Equity (calculated)9,671
+/-0
Other
Capital Stock19,755
Cash and Short Term Investments 1,709
Common Stock Shares Outstanding 123,541
Current Deferred Revenue1,763
Liabilities and Stockholders Equity 14,081
Net Debt -1,487
Net Invested Capital 9,671
Net Working Capital -1,163
Property Plant and Equipment Gross 600
Short Long Term Debt Total 223



Balance Sheet

Currency in AUD. All numbers in thousands.

 Trend2023-06-302022-06-302021-06-302020-06-302019-06-302018-06-302017-06-302016-06-302015-06-30
> Total Assets 
749
1,217
6,642
6,910
7,969
8,893
15,891
12,078
14,081
14,08112,07815,8918,8937,9696,9106,6421,217749
   > Total Current Assets 
214
292
5,381
5,176
3,613
4,041
7,284
3,518
2,975
2,9753,5187,2844,0413,6135,1765,381292214
       Cash And Cash Equivalents 
53
62
5,381
4,593
3,068
3,388
6,296
2,467
1,709
1,7092,4676,2963,3883,0684,5935,3816253
       Short-term Investments 
0
7
0
7
7
30
41
47
0
047413077070
       Net Receivables 
0
223
234
549
470
597
928
945
1,154
1,1549459285974705492342230
       Other Current Assets 
0
0
0
34
75
56
60
105
112
11210560567534000
   > Long-term Assets 
0
0
1,261
1,734
4,356
4,852
8,607
8,560
11,105
11,1058,5608,6074,8524,3561,7341,26100
       Property Plant Equipment 
0
0
1,261
44
60
402
568
509
240
24050956840260441,26100
       Goodwill 
0
0
0
0
2,214
2,214
5,401
5,401
8,449
8,4495,4015,4012,2142,2140000
       Long Term Investments 
0
0
0
0
0
0
0
36
36
36360000000
       Intangible Assets 
536
924
1,261
1,690
2,082
2,237
2,638
2,615
2,380
2,3802,6152,6382,2372,0821,6901,261924536
       Other Assets 
0
0
0
0
0
0
41
36
0
03641000000
> Total Liabilities 
584
577
366
771
2,637
1,094
3,160
2,065
4,410
4,4102,0653,1601,0942,637771366577584
   > Total Current Liabilities 
136
178
366
770
2,581
910
2,471
1,724
4,138
4,1381,7242,4719102,581770366178136
       Short-term Debt 
0
0
399
0
508
164
634
159
131
131159634164508039900
       Short Long Term Debt 
0
0
399
0
0
0
463
0
0
0046300039900
       Accounts payable 
0
0
121
400
108
241
276
482
224
22448227624110840012100
       Other Current Liabilities 
0
105
222
265
1,800
298
1,335
951
2,020
2,0209511,3352981,8002652221050
   > Long-term Liabilities 
0
0
0
1
56
184
690
341
272
272341690184561000
       Long term Debt Total 
448
399
399
0
0
153
157
223
0
022315715300399399448
       Other Liabilities 
0
0
0
134
56
31
533
119
0
01195333156134000
> Total Stockholder Equity
165
640
6,276
6,139
5,332
7,799
12,730
10,013
9,671
9,67110,01312,7307,7995,3326,1396,276640165
   Common Stock
701
1,052
6,644
7,258
8,067
11,386
17,409
17,959
19,755
19,75517,95917,40911,3868,0677,2586,6441,052701
   Retained Earnings -10,416-8,181-5,125-3,994-3,142-1,417-518-412-535
   Capital Surplus 000000000
   Treasury Stock000000000
   Other Stockholders Equity 
0
0
0
299
407
408
447
235
0
0235447408407299000



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 (+$)
totalRevenue10,349
Cost of Revenue-11,609
Gross Profit-1,261-1,261
 
Operating Income (+$)
Gross Profit-1,261
Operating Expense-12,889
Operating Income-2,445-14,150
 
Operating Expense (+$)
Research Development665
Selling General Administrative6,437
Selling And Marketing Expenses99
Operating Expense12,8897,200
 
Net Interest Income (+$)
Interest Income34
Interest Expense-50
Other Finance Cost-50
Net Interest Income34
 
Pretax Income (+$)
Operating Income-2,445
Net Interest Income34
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-2,263-2,688
EBIT - interestExpense = -2,495
-2,263
-2,202
Interest Expense50
Earnings Before Interest and Taxes (EBIT)-2,445-2,212
Earnings Before Interest and Taxes (EBITDA)-1,303
 
After tax Income (+$)
Income Before Tax-2,263
Tax Provision--11
Net Income From Continuing Ops-2,252-2,252
Net Income-2,252
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses12,889
Total Other Income/Expenses Net244-34
 

Technical Analysis of Readcloud
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 Readcloud. The general trend of Readcloud is BEARISH with 14.3% 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 Readcloud'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 (-14.3%) Bearish trend (14.3%)
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 ReadCloud Ltd.

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

  • Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 0.045 < 0.045 < 0.045.

The bearish price targets are: 0.043 > 0.043 > 0.041.

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ReadCloud 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 ReadCloud Ltd. The current mas is .

The long score for the Moving Averages is 6/14.
The longshort score for the Moving Averages is -2/(-14 +14).

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

ReadCloud 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 ReadCloud Ltd. The current macd is 0.00045924.

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

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Readcloud price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Readcloud. 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 Readcloud price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
ReadCloud Ltd Daily Moving Average Convergence/Divergence (MACD) ChartReadCloud 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 ReadCloud Ltd. The current adx is 16.39.

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

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Readcloud shares, leading to potential upward 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 bullish trend could be forming. +1
ReadCloud 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 ReadCloud Ltd. The current sar is 0.04065937.

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
ReadCloud Ltd Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

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

Score

Let's take a look at the Relative Strength Index (RSI) of ReadCloud Ltd. The current rsi is 61.06. The current phase is Correction in bear 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).

  • Correction in bear market: Extended price decline in a downtrend, significant pullback. Consider reducing exposure, wait for signs of trend reversal.
ReadCloud Ltd Daily Relative Strength Index (RSI) ChartReadCloud 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 ReadCloud Ltd. The current phase is Overbought in bear market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 0/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line < STOCH %D line: The STOCH %K line is 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 Readcloud price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
ReadCloud Ltd Daily Stochastic Oscillator ChartReadCloud 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 ReadCloud Ltd. The current cci is 87.57.

ReadCloud Ltd Daily Commodity Channel Index (CCI) ChartReadCloud 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 ReadCloud Ltd. The current cmo is 46.07.

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
ReadCloud Ltd Daily Chande Momentum Oscillator (CMO) ChartReadCloud 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 ReadCloud Ltd. The current willr is 0.

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

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

4. Volatility Indicators

4.1 Bollinger Bands

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

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

Score

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

ReadCloud 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 ReadCloud Ltd. The current atr is 0.00054829.

ReadCloud Ltd Daily Average True Range (ATR) ChartReadCloud Ltd Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

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

Score

Let's take a look at the On-Balance Volume (OBV) of ReadCloud Ltd. The current obv is -3,932,081.

ReadCloud Ltd Daily On-Balance Volume (OBV) ChartReadCloud 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 ReadCloud Ltd. The current mfi is 99.37.

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

  • MFI > 50: +1
  • MFI > 80: +1
ReadCloud Ltd Daily Money Flow Index (MFI) ChartReadCloud Ltd Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for ReadCloud Ltd.

6.2. Trading Signals

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

DateIndicatorSignal
2023-11-27MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-11-28MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-11-30STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-01RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-04STOCH 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).
2023-12-06STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-07STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-08STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-11SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2023-12-12MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-12-13STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-18MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-20CCI 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).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-22STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-29DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
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.
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).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-08SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-01-09DMI 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.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-11STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-12STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-16STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-17DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-18ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-22CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-23DMI 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
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-24STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-25STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-29CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-30STOCH LONG EXITThe %K line crosses below the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-07CCI 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).
2024-02-09STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-14SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-02-15WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-19MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-22DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-28STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-01MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-05ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-12RSI LONG ENTRY SHORT CLOSE30 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-13DMI 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.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-15MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-18DMI 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
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-25STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-26DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
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).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-28STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-02DMI 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
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-04-04STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-04-08DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-04-10STOCH LONG EXITThe %K line crosses below the %D line.

6.3. Candlestick Patterns

ReadCloud Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5061.058
Ma 20Greater thanMa 500.043
Ma 50Greater thanMa 1000.045
Ma 100Greater thanMa 2000.045
OpenGreater thanClose0.045
Total2/5 (40.0%)
Penke

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