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Readytech Holdings Ltd
Buy, Hold or Sell?

Let's analyze Readytech together

I guess you are interested in Readytech Holdings 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 Readytech Holdings 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.

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Quick analysis of Readytech (30 sec.)










What can you expect buying and holding a share of Readytech? (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?
62.5%

What is your share worth?

Current worth
A$1.08
Expected worth in 1 year
A$2.09
How sure are you?
87.5%

+ What do you gain per year?

Total Gains per Share
A$1.01
Return On Investment
30.3%

For what price can you sell your share?

Current Price per Share
A$3.34
Expected price per share
A$3.2 - A$3.55
How sure are you?
50%
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1. Valuation of Readytech (5 min.)




Live pricePrice per Share (EOD)

A$3.34

Intrinsic Value Per Share

A$0.40 - A$1.38

Total Value Per Share

A$1.48 - A$2.46

2. Growth of Readytech (5 min.)




Is Readytech growing?

Current yearPrevious yearGrowGrow %
How rich?$86m$65.8m$20.1m23.5%

How much money is Readytech making?

Current yearPrevious yearGrowGrow %
Making money$3.3m$5.9m-$2.5m-76.8%
Net Profit Margin4.8%11.2%--

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

3. Financial Health of Readytech (5 min.)




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

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

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

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

Speculation

The Price per Share of Readytech is A$3.34. 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 Readytech.
  • 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 Readytech, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is A$1.08. Based on the TTM, the Book Value Change Per Share is A$0.25 per quarter. Based on the YOY, the Book Value Change Per Share is A$0.19 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 Readytech.

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 Eps0.030.8%0.030.8%0.051.5%0.020.6%0.020.5%
Usd Book Value Change Per Share0.175.1%0.175.1%0.133.9%0.133.9%0.092.7%
Usd Dividend Per Share0.000.0%0.000.0%0.020.5%0.051.5%0.031.0%
Usd Total Gains Per Share0.175.1%0.175.1%0.154.4%0.185.5%0.123.7%
Usd Price Per Share2.21-2.21-2.08-1.58-0.98-
Price to Earnings Ratio78.89-78.89-41.93-34.52-21.57-
Price-to-Total Gains Ratio13.05-13.05-14.15-9.58-9.58-
Price to Book Ratio3.06-3.06-3.76-4.38-2.74-
Price-to-Total Gains Ratio13.05-13.05-14.15-9.58-9.58-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share2.24114
Number of shares446
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.05
Usd Book Value Change Per Share0.170.13
Usd Total Gains Per Share0.170.18
Gains per Quarter (446 shares)75.6881.48
Gains per Year (446 shares)302.74325.90
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1030329392234316
20605596184468642
30908899276701968
40121112023689351294
501514150546111691620
601816180855314031946
702119211164516372272
802422241473718702598
902725271782921042924
1003027302092123383250

How sure are you?

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

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%4.01.00.080.0%6.02.00.075.0%6.02.00.075.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%7.01.00.087.5%7.01.00.087.5%
Dividend per Share0.00.01.00.0%2.00.01.066.7%4.00.01.080.0%5.00.03.062.5%5.00.03.062.5%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%7.01.00.087.5%7.01.00.087.5%
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Fundamentals of Readytech

About Readytech Holdings Ltd

ReadyTech Holdings Limited provides technology-based solutions in Australia. It operates in three segments: Education and Work Pathways; Workforce Solutions; and Government and Justice. The Education and Work Pathways segment offers cloud-based student and learning management systems for education and training providers to manage the student lifecycle from student enrolment to course completion. This segment also provides platforms to help state governments to manage vocational education and training programs; software platforms for the pathways and back-to-work sector to manage apprentices and job seekers; and a competency assessment and skills profiling tools to track on-the-job training through a qualification. The Workforce Solutions segment offers payroll software, outsourced payroll services, human resource management, and recruitment software solutions to employers to assist with payroll and management of their employees. This segment also provides human resource (HR) administration services, such as employee records, workplace health and safety, and organizational structure, as well as talent management services. The Government and Justice segment offers government and justice case management software as a service solutions to local and state governments, and justice departments; and provides asset management, property, licensing and compliance, finance, HR and payroll, customer management, and courts and justice products. ReadyTech Holdings Limited was founded in 1998 and is headquartered in Sydney, Australia.

Fundamental data was last updated by Penke on 2024-07-02 21:40:06.

Financial Health

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

Valuation

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

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare¬†Readytech to the¬†Software - Application industry mean.
  • A Net Profit Margin of 4.8%¬†means that¬†$0.05 for each $1¬†in revenue is generated as profit.

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

  • The MRQ is 4.8%. The company is making a profit. +1
  • The TTM is 4.8%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ4.8%TTM4.8%0.0%
TTM4.8%YOY11.2%-6.4%
TTM4.8%5Y5.2%-0.4%
5Y5.2%10Y2.3%+2.8%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy¬†but always compare¬†Readytech to the¬†Software - Application industry mean.
  • 1.9% Return on Assets means that¬†Readytech generated¬†$0.02 profit for each $1 in assets.

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

  • The MRQ is 1.9%. Using its assets, the company is less efficient in making profit.
  • The TTM is 1.9%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ1.9%TTM1.9%0.0%
TTM1.9%YOY4.7%-2.8%
TTM1.9%5Y2.1%-0.2%
5Y2.1%10Y4.9%-2.9%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare¬†Readytech to the¬†Software - Application industry mean.
  • 3.9% Return on Equity means Readytech generated $0.04¬†for each¬†$1 the owners (shareholders) invested.

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

  • The MRQ is 3.9%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 3.9%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ3.9%TTM3.9%0.0%
TTM3.9%YOY9.0%-5.1%
TTM3.9%5Y4.5%-0.6%
5Y4.5%10Y24.4%-19.9%
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1.2. Operating Efficiency of Readytech Holdings Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Readytech is operating .

  • Measures how much profit Readytech 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¬†Readytech to the¬†Software - Application industry mean.
  • An Operating Margin of 13.3%¬†means the company generated $0.13 ¬†for each $1 in revenue (before taxes).

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

  • The MRQ is 13.3%. The company is operating less efficient.
  • The TTM is 13.3%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ13.3%TTM13.3%0.0%
TTM13.3%YOY16.2%-3.0%
TTM13.3%5Y11.0%+2.3%
5Y11.0%10Y13.5%-2.5%
1.2.2. Operating Ratio

Measures how efficient Readytech is keeping operating costs low.

  • Below 1 is considered healthy (always compare to¬†Software - Application industry mean).
  • An Operation Ratio of 0.87 means that the operating costs are $0.87 for each $1 in net sales.

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

  • The MRQ is 0.867. The company is less efficient in keeping operating costs low.
  • The TTM is 0.867. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.867TTM0.8670.000
TTM0.867YOY0.838+0.030
TTM0.8675Y0.890-0.023
5Y0.89010Y0.865+0.025
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1.3. Liquidity of Readytech Holdings Ltd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Readytech 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 0.76¬†means the company has $0.76 in assets for each $1 in short-term debts.

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

  • The MRQ is 0.755. The company is just not able to pay all its short-term debts. -1
  • The TTM is 0.755. The company is just not able to pay all its short-term debts. -1
Trends
Current periodCompared to+/- 
MRQ0.755TTM0.7550.000
TTM0.755YOY0.472+0.284
TTM0.7555Y0.591+0.164
5Y0.59110Y0.576+0.015
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but¬†always compare¬†Readytech to the¬†Software - Application industry mean.
  • A Quick Ratio of 0.70¬†means the company can pay off $0.70 for each $1 in debt (using most liquid assets).

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

  • The MRQ is 0.696. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.696. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.696TTM0.6960.000
TTM0.696YOY0.447+0.249
TTM0.6965Y0.555+0.141
5Y0.55510Y0.581-0.026
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1.4. Solvency of Readytech Holdings Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare¬†Readytech to Software - Application industry mean.
  • A Debt to Asset Ratio of 0.51¬†means that Readytech assets are¬†financed with 50.5% credit (debt) and the remaining percentage (100% - 50.5%)¬†is financed by its owners/shareholders.¬†

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

  • The MRQ is 0.505. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.505. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.505TTM0.5050.000
TTM0.505YOY0.472+0.033
TTM0.5055Y0.546-0.041
5Y0.54610Y0.613-0.067
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but¬†always compare¬†Readytech to the¬†Software - Application industry mean.
  • A Debt to Equity ratio of 102.2% means that company has $1.02 debt for each $1 in shareholders equity.

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

  • The MRQ is 1.022. The company is able to pay all its debts with equity. +1
  • The TTM is 1.022. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.022TTM1.0220.000
TTM1.022YOY0.894+0.127
TTM1.0225Y1.231-0.209
5Y1.23110Y2.022-0.791
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2. Market Valuation of Readytech Holdings 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 Readytech generates.

  • Above 15 is considered overpriced but¬†always compare¬†Readytech to the¬†Software - Application industry mean.
  • A PE ratio of 78.89 means the investor is paying $78.89¬†for every $1 in earnings.

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

  • The EOD is 79.848. Based on the earnings, the company is expensive. -2
  • The MRQ is 78.892. Based on the earnings, the company is expensive. -2
  • The TTM is 78.892. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD79.848MRQ78.892+0.956
MRQ78.892TTM78.8920.000
TTM78.892YOY41.926+36.966
TTM78.8925Y34.516+44.376
5Y34.51610Y21.572+12.943
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is 49.019. Based on how much money comes from the company's main activities, the company is fair priced.
  • The MRQ is 48.431. Based on how much money comes from the company's main activities, the company is fair priced.
  • The TTM is 48.431. Based on how much money comes from the company's main activities, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD49.019MRQ48.431+0.587
MRQ48.431TTM48.4310.000
TTM48.431YOY83.987-35.555
TTM48.4315Y54.704-6.272
5Y54.70410Y34.190+20.514
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2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Readytech 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 3.06 means the investor is paying $3.06¬†for each $1 in book value.

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

  • The EOD is 3.097. Based on the equity, the company is fair priced.
  • The MRQ is 3.060. Based on the equity, the company is fair priced.
  • The TTM is 3.060. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD3.097MRQ3.060+0.037
MRQ3.060TTM3.0600.000
TTM3.060YOY3.756-0.695
TTM3.0605Y4.385-1.324
5Y4.38510Y2.740+1.644
2. Total Gains per Share

3. Holders & Insider Transactions

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

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4. Summary

4.1. Key Performance Indicators

The key performance indicators of Readytech Holdings 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--0.2530.2530%0.194+30%0.195+29%0.135+88%
Book Value Per Share--1.0781.0780%0.825+31%0.612+76%0.422+156%
Current Ratio--0.7550.7550%0.472+60%0.591+28%0.576+31%
Debt To Asset Ratio--0.5050.5050%0.472+7%0.546-7%0.613-18%
Debt To Equity Ratio--1.0221.0220%0.894+14%1.231-17%2.022-49%
Dividend Per Share----0%0.025-100%0.077-100%0.050-100%
Eps--0.0420.0420%0.074-43%0.031+35%0.025+68%
Free Cash Flow Per Share--0.0680.0680%0.037+85%0.063+7%0.043+60%
Free Cash Flow To Equity Per Share--0.1640.1640%0.049+231%0.151+9%0.151+9%
Gross Profit Margin--0.7800.7800%0.938-17%0.942-17%1.219-36%
Intrinsic Value_10Y_max--1.377--------
Intrinsic Value_10Y_min--0.397--------
Intrinsic Value_1Y_max--0.090--------
Intrinsic Value_1Y_min--0.058--------
Intrinsic Value_3Y_max--0.306--------
Intrinsic Value_3Y_min--0.160--------
Intrinsic Value_5Y_max--0.567--------
Intrinsic Value_5Y_min--0.244--------
Market Cap397246240.000+1%392488800.000392488800.0000%368701600.000+6%279261728.000+41%174538580.000+125%
Net Profit Margin--0.0480.0480%0.112-57%0.052-7%0.023+107%
Operating Margin--0.1330.1330%0.162-18%0.110+21%0.135-2%
Operating Ratio--0.8670.8670%0.838+4%0.890-3%0.865+0%
Pb Ratio3.097+1%3.0603.0600%3.756-19%4.385-30%2.740+12%
Pe Ratio79.848+1%78.89278.8920%41.926+88%34.516+129%21.572+266%
Price Per Share3.340+1%3.3003.3000%3.100+6%2.348+41%1.468+125%
Price To Free Cash Flow Ratio49.019+1%48.43148.4310%83.987-42%54.704-11%34.190+42%
Price To Total Gains Ratio13.207+1%13.04913.0490%14.153-8%9.582+36%9.582+36%
Quick Ratio--0.6960.6960%0.447+56%0.555+25%0.581+20%
Return On Assets--0.0190.0190%0.047-59%0.021-8%0.049-61%
Return On Equity--0.0390.0390%0.090-57%0.045-14%0.244-84%
Total Gains Per Share--0.2530.2530%0.219+15%0.272-7%0.185+37%
Usd Book Value--86057091.32986057091.3290%65874083.000+31%48821959.866+76%33676399.541+156%
Usd Book Value Change Per Share--0.1700.1700%0.130+30%0.131+29%0.090+88%
Usd Book Value Per Share--0.7240.7240%0.554+31%0.410+76%0.283+156%
Usd Dividend Per Share----0%0.017-100%0.052-100%0.033-100%
Usd Eps--0.0280.0280%0.050-43%0.021+35%0.017+68%
Usd Free Cash Flow--5437784.0005437784.0000%2945690.000+85%5067660.400+7%2969426.625+83%
Usd Free Cash Flow Per Share--0.0460.0460%0.025+85%0.043+7%0.029+60%
Usd Free Cash Flow To Equity Per Share--0.1100.1100%0.033+231%0.101+9%0.101+9%
Usd Market Cap266552227.040+1%263359984.800263359984.8000%247398773.600+6%187384619.488+41%117115387.180+125%
Usd Price Per Share2.241+1%2.2142.2140%2.080+6%1.576+41%0.985+125%
Usd Profit--3338225.0003338225.0000%5900774.000-43%2466193.400+35%1664163.875+101%
Usd Revenue--69318326.00069318326.0000%52528564.000+32%40740704.400+70%30055683.625+131%
Usd Total Gains Per Share--0.1700.1700%0.147+15%0.183-7%0.124+37%
 EOD+4 -4MRQTTM+0 -0YOY+20 -165Y+26 -1010Y+25 -11

4.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1579.848
Price to Book Ratio (EOD)Between0-13.097
Net Profit Margin (MRQ)Greater than00.048
Operating Margin (MRQ)Greater than00.133
Quick Ratio (MRQ)Greater than10.696
Current Ratio (MRQ)Greater than10.755
Debt to Asset Ratio (MRQ)Less than10.505
Debt to Equity Ratio (MRQ)Less than11.022
Return on Equity (MRQ)Greater than0.150.039
Return on Assets (MRQ)Greater than0.050.019
Total3/10 (30.0%)

4.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5061.856
Ma 20Greater thanMa 503.243
Ma 50Greater thanMa 1003.249
Ma 100Greater thanMa 2003.308
OpenGreater thanClose3.250
Total1/5 (20.0%)



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
Inventory  07207203041,024-1,0240-76-76



Latest Balance Sheet

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

Summary
Total Assets259,282
Total Liabilities131,030
Total Stockholder Equity128,252
 As reported
Total Liabilities 131,030
Total Stockholder Equity+ 128,252
Total Assets = 259,282

Assets

Total Assets259,282
Total Current Assets37,734
Long-term Assets221,548
Total Current Assets
Cash And Cash Equivalents 20,616
Short-term Investments 76
Net Receivables 14,073
Inventory -76
Other Current Assets 3,045
Total Current Assets  (as reported)37,734
Total Current Assets  (calculated)37,734
+/-0
Long-term Assets
Property Plant Equipment 7,012
Goodwill 125,360
Intangible Assets 212,511
Long-term Assets Other -123,335
Long-term Assets  (as reported)221,548
Long-term Assets  (calculated)221,548
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities49,950
Long-term Liabilities81,080
Total Stockholder Equity128,252
Total Current Liabilities
Short-term Debt 1,229
Accounts payable 3,560
Other Current Liabilities 25,634
Total Current Liabilities  (as reported)49,950
Total Current Liabilities  (calculated)30,423
+/- 19,527
Long-term Liabilities
Long term Debt Total 50,881
Other Liabilities 30,199
Deferred Long Term Liability 2,025
Long-term Liabilities  (as reported)81,080
Long-term Liabilities  (calculated)83,105
+/- 2,025
Total Stockholder Equity
Common Stock194,292
Retained Earnings 12,440
Accumulated Other Comprehensive Income -78,480
Total Stockholder Equity (as reported)128,252
Total Stockholder Equity (calculated)128,252
+/-0
Other
Capital Stock194,292
Cash and Short Term Investments 20,616
Common Stock Shares Outstanding 113,606
Current Deferred Revenue19,527
Liabilities and Stockholders Equity 259,282
Net Debt 31,494
Net Invested Capital 175,201
Net Tangible Assets -84,259
Net Working Capital -12,216
Property Plant and Equipment Gross 12,567
Short Long Term Debt Total 52,110



Balance Sheet

Currency in AUD. All numbers in thousands.

 Trend2023-06-302022-06-302021-06-302020-06-302019-06-302018-06-302017-06-302016-06-30
> Total Assets 
14,476
50,127
63,108
69,672
85,850
169,590
185,970
259,282
259,282185,970169,59085,85069,67263,10850,12714,476
   > Total Current Assets 
8,014
7,430
8,605
10,267
15,010
21,605
23,316
37,734
37,73423,31621,60515,01010,2678,6057,4308,014
       Cash And Cash Equivalents 
0
5,730
5,586
6,322
9,214
11,995
9,201
20,616
20,6169,20111,9959,2146,3225,5865,7300
       Short-term Investments 
0
4,188
1,097
79
4
142
142
76
761421424791,0974,1880
       Net Receivables 
2,124
1,633
2,810
3,043
5,076
8,586
12,760
14,073
14,07312,7608,5865,0763,0432,8101,6332,124
       Other Current Assets 
0
67
209
902
720
1,024
1,355
3,045
3,0451,3551,024720902209670
   > Long-term Assets 
0
42,697
54,503
55,496
70,840
147,985
162,654
221,548
221,548162,654147,98570,84055,49654,50342,6970
       Property Plant Equipment 
563
169
692
2,578
3,834
3,332
4,191
7,012
7,0124,1913,3323,8342,578692169563
       Goodwill 
0
16,758
21,250
22,767
31,605
81,431
88,785
125,360
125,36088,78581,43131,60522,76721,25016,7580
       Intangible Assets 
2,689
42,528
53,279
30,151
62,607
140,698
150,639
212,511
212,511150,639140,69862,60730,15153,27942,5282,689
       Long-term Assets Other 
0
-16,758
-53,971
-55,496
-66,441
1,362
2,120
-123,335
-123,3352,1201,362-66,441-55,496-53,971-16,7580
> Total Liabilities 
11,904
27,099
51,001
40,462
52,783
94,492
87,797
131,030
131,03087,79794,49252,78340,46251,00127,09911,904
   > Total Current Liabilities 
11,171
12,964
23,853
16,004
24,867
44,557
49,429
49,950
49,95049,42944,55724,86716,00423,85312,96411,171
       Short-term Debt 
0
1,500
3,250
543
828
996
1,176
1,229
1,2291,1769968285433,2501,5000
       Accounts payable 
0
982
268
806
185
1,695
1,736
3,560
3,5601,7361,6951858062689820
       Other Current Liabilities 
0
2,189
9,211
4,301
12,113
25,141
27,543
25,634
25,63427,54325,14112,1134,3019,2112,1890
   > Long-term Liabilities 
0
14,135
27,148
21,500
27,916
49,935
38,368
81,080
81,08038,36849,93527,91621,50027,14814,1350
       Long term Debt Total 
0
0
26,500
23,153
27,310
32,571
36,163
50,881
50,88136,16332,57127,31023,15326,50000
       Other Liabilities 
0
0
648
1,305
606
17,364
2,205
30,199
30,1992,20517,3646061,30564800
       Deferred Long Term Liability 
0
0
0
0
540
1,362
2,120
2,025
2,0252,1201,3625400000
> Total Stockholder Equity
2,572
23,028
12,107
29,210
33,067
75,098
98,173
128,252
128,25298,17375,09833,06729,21012,10723,0282,572
   Common Stock
0
24,094
28,432
119,581
119,581
159,095
171,916
194,292
194,292171,916159,095119,581119,58128,43224,0940
   Retained Earnings Total Equity00000000
   Accumulated Other Comprehensive Income -78,480-81,208-82,668-83,030-82,944-10,05800
   Capital Surplus 00000000
   Treasury Stock00000000
   Other Stockholders Equity 
2,572
2,294
-10,058
-82,944
-116,097
0
-179,381
-206,732
-206,732-179,3810-116,097-82,944-10,0582,2942,572



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 (+$)
totalRevenue103,306
Cost of Revenue-84,996
Gross Profit18,31018,310
 
Operating Income (+$)
Gross Profit18,310
Operating Expense-4,586
Operating Income13,72413,724
 
Operating Expense (+$)
Research Development-
Selling General Administrative5,910
Selling And Marketing Expenses1,094
Operating Expense4,5867,004
 
Net Interest Income (+$)
Interest Income2,548
Interest Expense-2,563
Other Finance Cost-2,533
Net Interest Income-2,548
 
Pretax Income (+$)
Operating Income13,724
Net Interest Income-2,548
Other Non-Operating Income Expenses-
Income Before Tax (EBT)6,79720,651
EBIT - interestExpense = 11,161
6,797
7,538
Interest Expense2,563
Earnings Before Interest and Taxes (EBIT)13,7249,360
Earnings Before Interest and Taxes (EBITDA)30,996
 
After tax Income (+$)
Income Before Tax6,797
Tax Provision-1,822
Net Income From Continuing Ops4,9754,975
Net Income4,975
Net Income Applicable To Common Shares4,975
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses89,582
Total Other Income/Expenses Net-6,9272,548
 

Technical Analysis of Readytech
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 Readytech. The general trend of Readytech is BEARISH with 28.6% 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 Readytech'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 (-28.6%) Bearish trend (28.6%)
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 Readytech Holdings Ltd.

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

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

The bullish price targets are: 3.34 < 3.35 < 3.55.

The bearish price targets are: 3.33 > 3.22 > 3.2.

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Readytech Holdings 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 Readytech Holdings Ltd. The current mas is .

The long score for the Moving Averages is 5/14.
The longshort score for the Moving Averages is -4/(-14 +14).

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

Readytech Holdings 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 Readytech Holdings Ltd. The current macd is 0.00913617.

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 Readytech price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Readytech. 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 Readytech 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
Readytech Holdings Ltd Daily Moving Average Convergence/Divergence (MACD) ChartReadytech Holdings 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 Readytech Holdings Ltd. The current adx is 21.78.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-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 Readytech shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Readytech Holdings 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 Readytech Holdings Ltd. The current sar is 3.2.

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
Readytech Holdings Ltd Daily Parabolic SAR Chart
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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 Readytech Holdings Ltd. The current rsi is 61.86. The current phase is Correction in bear market.

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

  • Correction in bear market: Extended price decline in a downtrend, significant pullback. Consider reducing exposure, wait for signs of trend reversal.
  • Trending up: The RSI is trending up. +1
Readytech Holdings Ltd Daily Relative Strength Index (RSI) ChartReadytech Holdings 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 Readytech Holdings Ltd. The current phase is Overbought in bear market.

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

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Readytech price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Readytech Holdings Ltd Daily Stochastic Oscillator ChartReadytech Holdings 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 Readytech Holdings Ltd. The current cci is 149.35.

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

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
Readytech Holdings Ltd Daily Commodity Channel Index (CCI) ChartReadytech Holdings 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 Readytech Holdings Ltd. The current cmo is 33.45.

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
Readytech Holdings Ltd Daily Chande Momentum Oscillator (CMO) ChartReadytech Holdings 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 Readytech Holdings 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
Readytech Holdings Ltd Daily Williams %R ChartReadytech Holdings Ltd Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

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

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

Score

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

Readytech Holdings 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 Readytech Holdings Ltd. The current atr is 0.0598756.

Readytech Holdings Ltd Daily Average True Range (ATR) ChartReadytech Holdings Ltd Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

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

Score

Let's take a look at the On-Balance Volume (OBV) of Readytech Holdings Ltd. The current obv is 6,464,200.

Readytech Holdings Ltd Daily On-Balance Volume (OBV) ChartReadytech Holdings 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 Readytech Holdings Ltd. The current mfi is 64.98.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Readytech Holdings Ltd Daily Money Flow Index (MFI) ChartReadytech Holdings Ltd Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Readytech Holdings 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
2024-02-28STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-29CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-04STOCH 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).
2024-03-05CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-07STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-08MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-12CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-13CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-14CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-15CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-18STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-25CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-26STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-27WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-28STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-02MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-03MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-04-05STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-04-09MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-04-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-16DMI 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
2024-04-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-22STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-04-23STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-04-24STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-04-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-01CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-05-02MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-05-03STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-05-06STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-05-07CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-05-09SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-05-10STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-14STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-05-16STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-17MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-05-20STOCH 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).
2024-05-22WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-05-24STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-27STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-05-28BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-06-03MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-06-05STOCH 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).
2024-06-06MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-06-07STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-11STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-06-12STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-14STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-06-17STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-18SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-06-19MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-06-20STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-21MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-06-25MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-26MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-06-27CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-06-28WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-07-01STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-07-03DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-07-04CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-07-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-08STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-07-09STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-10DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-07-11SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-07-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-07-15STOCH 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).
2024-07-16WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-07-17STOCH 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).
2024-07-19DMI 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
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).

6.3. Candlestick Patterns

Readytech Holdings Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5061.856
Ma 20Greater thanMa 503.243
Ma 50Greater thanMa 1003.249
Ma 100Greater thanMa 2003.308
OpenGreater thanClose3.250
Total1/5 (20.0%)
Penke

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