25 XP   0   0   10

Solvar Ltd.
Buy, Hold or Sell?

Let's analyse Solvar together

PenkeI guess you are interested in Solvar 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 Solvar 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.

Get notifications about Solvar Ltd.

I send you an email if I find something interesting about Solvar Ltd..

Quick analysis of Solvar (30 sec.)










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

How much money do you get?

How much money do you get?
A$0.33
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
A$1.77
Expected worth in 1 year
A$1.95
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
A$0.69
Return On Investment
68.7%

For what price can you sell your share?

Current Price per Share
A$1.01
Expected price per share
A$0.92768137254902 - A$1.2432425531915
How sure are you?
50%

1. Valuation of Solvar (5 min.)




Live pricePrice per Share (EOD)

A$1.01

Intrinsic Value Per Share

A$-0.19 - A$0.17

Total Value Per Share

A$1.58 - A$1.94

2. Growth of Solvar (5 min.)




Is Solvar growing?

Current yearPrevious yearGrowGrow %
How rich?$242.1m$236.8m$5.2m2.2%

How much money is Solvar making?

Current yearPrevious yearGrowGrow %
Making money$30.5m$33.1m-$2.5m-8.4%
Net Profit Margin22.8%28.2%--

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

3. Financial Health of Solvar (5 min.)




4. Comparing to competitors in the Credit Services industry (5 min.)




  Industry Rankings (Credit Services)  

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

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

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

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

Speculation

The Price per Share of Solvar is A$1.005. 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 Solvar.
  • 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 Solvar, 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$1.77. Based on the TTM, the Book Value Change Per Share is A$0.04 per quarter. Based on the YOY, the Book Value Change Per Share is A$0.13 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$0.13 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Solvar.

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 Eps0.1414.3%0.1414.3%0.1615.4%0.1211.5%0.1110.9%
Usd Book Value Change Per Share0.032.8%0.032.8%0.088.0%0.099.3%0.1616.2%
Usd Dividend Per Share0.088.2%0.088.2%0.087.7%0.065.7%0.054.8%
Usd Total Gains Per Share0.1111.0%0.1111.0%0.1615.7%0.1515.0%0.2121.0%
Usd Price Per Share0.99-0.99-1.26-1.35-1.26-
Price to Earnings Ratio6.90-6.90-8.11-12.42-12.02-
Price-to-Total Gains Ratio8.95-8.95-7.99-9.88-8.51-
Price to Book Ratio0.87-0.87-1.13-1.45-1.51-
Price-to-Total Gains Ratio8.95-8.95-7.99-9.88-8.51-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.6453105
Number of shares1549
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.080.06
Usd Book Value Change Per Share0.030.09
Usd Total Gains Per Share0.110.15
Gains per Quarter (1549 shares)171.76233.85
Gains per Year (1549 shares)687.03935.42
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1511176677356579925
21022352136471211591860
315335282051106817382795
420447042738142423183730
525568803425178028974665
6306710554112213634765600
7357812314799249240566535
8408914075486284846357470
9460015836173320452148405
10511117596860356057949340

How sure are you?

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

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%7.00.00.0100.0%7.00.00.0100.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%7.00.00.0100.0%7.00.00.0100.0%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%7.00.00.0100.0%7.00.00.0100.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%7.00.00.0100.0%7.00.00.0100.0%

Fundamentals of Solvar

About Solvar Ltd.

Solvar Limited provides automotive and personal finance in Australia and New Zealand. The company offers vehicle loans that include loans for new and used cars, motorbikes, utility vehicles, trailers, tractors, trucks, caravan, boats, horse floats, ride on mowers, equipment, and jet skis, as well as secured and unsecured personal loans. It provides loans through brokers and dealers under the Money3, AFS, and Go Car Finance brand names. The company was formerly known as Money3 Corporation Limited and changed its name to Solvar Limited in November 2022. Solvar Limited was founded in 2000 and is headquartered in Bundoora, Australia.

Fundamental data was last updated by Penke on 2024-04-18 04:11:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very efficient.
The company is very efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just 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 cheap.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Solvar Ltd..

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Solvar to the Credit Services industry mean.
  • A Net Profit Margin of 22.8% means that $0.23 for each $1 in revenue is generated as profit.

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

  • The MRQ is 22.8%. The company is making a huge profit. +2
  • The TTM is 22.8%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ22.8%TTM22.8%0.0%
TTM22.8%YOY28.2%-5.4%
TTM22.8%5Y25.8%-3.0%
5Y25.8%10Y28.4%-2.6%
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
MRQ22.8%13.7%+9.1%
TTM22.8%14.7%+8.1%
YOY28.2%18.4%+9.8%
5Y25.8%16.4%+9.4%
10Y28.4%15.5%+12.9%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Solvar to the Credit Services industry mean.
  • 4.7% Return on Assets means that Solvar generated $0.05 profit for each $1 in assets.

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

  • The MRQ is 4.7%. Using its assets, the company is less efficient in making profit.
  • The TTM is 4.7%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ4.7%TTM4.7%0.0%
TTM4.7%YOY6.3%-1.6%
TTM4.7%5Y6.0%-1.3%
5Y6.0%10Y7.2%-1.2%
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
MRQ4.7%0.9%+3.8%
TTM4.7%1.0%+3.7%
YOY6.3%0.9%+5.4%
5Y6.0%0.9%+5.1%
10Y7.2%0.8%+6.4%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Solvar to the Credit Services industry mean.
  • 12.6% Return on Equity means Solvar generated $0.13 for each $1 the owners (shareholders) invested.

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

  • The MRQ is 12.6%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 12.6%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ12.6%TTM12.6%0.0%
TTM12.6%YOY14.0%-1.4%
TTM12.6%5Y12.0%+0.7%
5Y12.0%10Y12.9%-1.0%
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
MRQ12.6%3.4%+9.2%
TTM12.6%3.5%+9.1%
YOY14.0%3.7%+10.3%
5Y12.0%3.3%+8.7%
10Y12.9%3.6%+9.3%

1.2. Operating Efficiency of Solvar Ltd..

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Solvar is operating .

  • Measures how much profit Solvar 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 Solvar to the Credit Services industry mean.
  • An Operating Margin of 51.8% means the company generated $0.52  for each $1 in revenue (before taxes).

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

  • The MRQ is 51.8%. The company is operating very efficient. +2
  • The TTM is 51.8%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ51.8%TTM51.8%0.0%
TTM51.8%YOY52.9%-1.1%
TTM51.8%5Y39.7%+12.2%
5Y39.7%10Y28.3%+11.3%
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
MRQ51.8%21.0%+30.8%
TTM51.8%20.1%+31.7%
YOY52.9%28.4%+24.5%
5Y39.7%21.9%+17.8%
10Y28.3%26.1%+2.2%
1.2.2. Operating Ratio

Measures how efficient Solvar is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Credit Services industry mean).
  • An Operation Ratio of 0.57 means that the operating costs are $0.57 for each $1 in net sales.

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

  • The MRQ is 0.571. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.571. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.571TTM0.5710.000
TTM0.571YOY0.574-0.003
TTM0.5715Y0.478+0.093
5Y0.47810Y0.353+0.126
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5710.817-0.246
TTM0.5710.811-0.240
YOY0.5740.795-0.221
5Y0.4780.766-0.288
10Y0.3530.734-0.381

1.3. Liquidity of Solvar Ltd..

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Credit Services industry mean).
  • A Current Ratio of 3.18 means the company has $3.18 in assets for each $1 in short-term debts.

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

  • The MRQ is 3.178. The company is very able to pay all its short-term debts. +2
  • The TTM is 3.178. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ3.178TTM3.1780.000
TTM3.178YOY5.699-2.521
TTM3.1785Y6.856-3.679
5Y6.85610Y8.274-1.418
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
MRQ3.1782.571+0.607
TTM3.1783.112+0.066
YOY5.6992.373+3.326
5Y6.8563.978+2.878
10Y8.2744.043+4.231
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Solvar to the Credit Services industry mean.
  • A Quick Ratio of 3.12 means the company can pay off $3.12 for each $1 in debt (using most liquid assets).

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

  • The MRQ is 3.123. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 3.123. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ3.123TTM3.1230.000
TTM3.123YOY5.634-2.511
TTM3.1235Y5.086-1.963
5Y5.08610Y4.419+0.666
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
MRQ3.1231.736+1.387
TTM3.1231.975+1.148
YOY5.6341.758+3.876
5Y5.0863.594+1.492
10Y4.4193.498+0.921

1.4. Solvency of Solvar Ltd..

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Solvar to Credit Services industry mean.
  • A Debt to Asset Ratio of 0.63 means that Solvar assets are financed with 62.9% credit (debt) and the remaining percentage (100% - 62.9%) is financed by its owners/shareholders. 

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

  • The MRQ is 0.629. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.629. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.629TTM0.6290.000
TTM0.629YOY0.551+0.077
TTM0.6295Y0.494+0.135
5Y0.49410Y0.448+0.046
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6290.729-0.100
TTM0.6290.714-0.085
YOY0.5510.717-0.166
5Y0.4940.703-0.209
10Y0.4480.693-0.245
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Solvar to the Credit Services industry mean.
  • A Debt to Equity ratio of 169.3% means that company has $1.69 debt for each $1 in shareholders equity.

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

  • The MRQ is 1.693. The company is just able to pay all its debts with equity.
  • The TTM is 1.693. The company is just able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ1.693TTM1.6930.000
TTM1.693YOY1.229+0.464
TTM1.6935Y1.039+0.653
5Y1.03910Y0.885+0.154
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6932.541-0.848
TTM1.6932.308-0.615
YOY1.2292.357-1.128
5Y1.0392.420-1.381
10Y0.8852.389-1.504

2. Market Valuation of Solvar 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 Solvar generates.

  • Above 15 is considered overpriced but always compare Solvar to the Credit Services industry mean.
  • A PE ratio of 6.90 means the investor is paying $6.90 for every $1 in earnings.

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

  • The EOD is 4.491. Based on the earnings, the company is cheap. +2
  • The MRQ is 6.904. Based on the earnings, the company is cheap. +2
  • The TTM is 6.904. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD4.491MRQ6.904-2.413
MRQ6.904TTM6.9040.000
TTM6.904YOY8.106-1.202
TTM6.9045Y12.425-5.521
5Y12.42510Y12.021+0.403
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
EOD4.4917.187-2.696
MRQ6.9046.696+0.208
TTM6.9046.722+0.182
YOY8.1067.708+0.398
5Y12.4258.390+4.035
10Y12.02111.959+0.062
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is -654.124. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -1,005.594. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -1,005.594. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-654.124MRQ-1,005.594+351.470
MRQ-1,005.594TTM-1,005.5940.000
TTM-1,005.594YOY-527.102-478.492
TTM-1,005.5945Y-556.021-449.573
5Y-556.02110Y-410.292-145.729
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
EOD-654.124-0.494-653.630
MRQ-1,005.594-0.546-1,005.048
TTM-1,005.594-0.424-1,005.170
YOY-527.102-0.332-526.770
5Y-556.0210.202-556.223
10Y-410.292-0.149-410.143
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Credit Services industry mean).
  • A PB ratio of 0.87 means the investor is paying $0.87 for each $1 in book value.

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

  • The EOD is 0.567. Based on the equity, the company is cheap. +2
  • The MRQ is 0.872. Based on the equity, the company is cheap. +2
  • The TTM is 0.872. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.567MRQ0.872-0.305
MRQ0.872TTM0.8720.000
TTM0.872YOY1.134-0.263
TTM0.8725Y1.451-0.579
5Y1.45110Y1.514-0.063
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
EOD0.5670.898-0.331
MRQ0.8720.849+0.023
TTM0.8720.860+0.012
YOY1.1341.105+0.029
5Y1.4511.191+0.260
10Y1.5141.296+0.218
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Solvar 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--0.0440.0440%0.125-65%0.146-70%0.253-83%
Book Value Per Share--1.7721.7720%1.728+3%1.487+19%1.335+33%
Current Ratio--3.1783.1780%5.699-44%6.856-54%8.274-62%
Debt To Asset Ratio--0.6290.6290%0.551+14%0.494+27%0.448+40%
Debt To Equity Ratio--1.6931.6930%1.229+38%1.039+63%0.885+91%
Dividend Per Share--0.1280.1280%0.120+7%0.089+44%0.075+71%
Eps--0.2240.2240%0.242-7%0.180+24%0.170+31%
Free Cash Flow Per Share---0.002-0.0020%-0.004+142%-0.030+1822%-0.045+2841%
Free Cash Flow To Equity Per Share--0.6990.6990%0.634+10%0.331+111%0.249+180%
Gross Profit Margin--0.9730.9730%0.9740%0.971+0%0.979-1%
Intrinsic Value_10Y_max--0.170--------
Intrinsic Value_10Y_min---0.191--------
Intrinsic Value_1Y_max--0.001--------
Intrinsic Value_1Y_min---0.027--------
Intrinsic Value_3Y_max--0.016--------
Intrinsic Value_3Y_min---0.075--------
Intrinsic Value_5Y_max--0.045--------
Intrinsic Value_5Y_min---0.116--------
Market Cap211036943.040-56%328829344.215328829344.2150%418518909.760-21%444291410.027-26%414245012.282-21%
Net Profit Margin--0.2280.2280%0.282-19%0.258-12%0.284-20%
Operating Margin--0.5180.5180%0.529-2%0.397+31%0.283+83%
Operating Ratio--0.5710.5710%0.574-1%0.478+19%0.353+62%
Pb Ratio0.567-54%0.8720.8720%1.134-23%1.451-40%1.514-42%
Pe Ratio4.491-54%6.9046.9040%8.106-15%12.425-44%12.021-43%
Price Per Share1.005-54%1.5451.5450%1.960-21%2.105-27%1.965-21%
Price To Free Cash Flow Ratio-654.124+35%-1005.594-1005.5940%-527.102-48%-556.021-45%-410.292-59%
Price To Total Gains Ratio5.820-54%8.9478.9470%7.991+12%9.879-9%8.514+5%
Quick Ratio--3.1233.1230%5.634-45%5.086-39%4.419-29%
Return On Assets--0.0470.0470%0.063-25%0.060-22%0.072-35%
Return On Equity--0.1260.1260%0.140-10%0.120+6%0.129-2%
Total Gains Per Share--0.1730.1730%0.245-30%0.235-27%0.328-47%
Usd Book Value--242153246.700242153246.7000%236882247.800+2%201910913.400+20%181027069.543+34%
Usd Book Value Change Per Share--0.0280.0280%0.080-65%0.094-70%0.163-83%
Usd Book Value Per Share--1.1381.1380%1.109+3%0.955+19%0.857+33%
Usd Dividend Per Share--0.0820.0820%0.077+7%0.057+44%0.048+71%
Usd Eps--0.1440.1440%0.155-7%0.116+24%0.109+31%
Usd Free Cash Flow---209966.700-209966.7000%-509827.400+143%-3983203.140+1797%-6094079.371+2802%
Usd Free Cash Flow Per Share---0.001-0.0010%-0.002+142%-0.019+1822%-0.029+2841%
Usd Free Cash Flow To Equity Per Share--0.4490.4490%0.407+10%0.212+111%0.160+180%
Usd Market Cap135506821.126-56%211141321.920211141321.9200%268730991.957-21%285279514.378-26%265986722.386-21%
Usd Price Per Share0.645-54%0.9920.9920%1.259-21%1.352-27%1.262-21%
Usd Profit--30584507.20030584507.2000%33152907.200-8%24525523.180+25%23124130.757+32%
Usd Revenue--134418498.200134418498.2000%117569794.200+14%96317953.660+40%85608349.414+57%
Usd Total Gains Per Share--0.1110.1110%0.157-30%0.151-27%0.211-47%
 EOD+3 -5MRQTTM+0 -0YOY+17 -195Y+21 -1510Y+20 -16

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-154.491
Price to Book Ratio (EOD)Between0-10.567
Net Profit Margin (MRQ)Greater than00.228
Operating Margin (MRQ)Greater than00.518
Quick Ratio (MRQ)Greater than13.123
Current Ratio (MRQ)Greater than13.178
Debt to Asset Ratio (MRQ)Less than10.629
Debt to Equity Ratio (MRQ)Less than11.693
Return on Equity (MRQ)Greater than0.150.126
Return on Assets (MRQ)Greater than0.050.047
Total7/10 (70.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
OpenGreater thanClose1.020
Total1/1 (100.0%)



Latest Balance Sheet

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

Summary
Total Assets1,015,496
Total Liabilities638,369
Total Stockholder Equity377,127
 As reported
Total Liabilities 638,369
Total Stockholder Equity+ 377,127
Total Assets = 1,015,496

Assets

Total Assets1,015,496
Total Current Assets404,521
Long-term Assets610,975
Total Current Assets
Cash And Cash Equivalents 145,867
Net Receivables 251,697
Inventory 514
Other Current Assets 6,443
Total Current Assets  (as reported)404,521
Total Current Assets  (calculated)404,521
+/-0
Long-term Assets
Property Plant Equipment 4,289
Goodwill 27,202
Intangible Assets 3,521
Long-term Assets Other 562,175
Long-term Assets  (as reported)610,975
Long-term Assets  (calculated)597,187
+/- 13,788

Liabilities & Shareholders' Equity

Total Current Liabilities127,305
Long-term Liabilities511,064
Total Stockholder Equity377,127
Total Current Liabilities
Short-term Debt 110,919
Accounts payable 13,305
Other Current Liabilities 3,081
Total Current Liabilities  (as reported)127,305
Total Current Liabilities  (calculated)127,305
+/-0
Long-term Liabilities
Long term Debt Total 507,928
Long-term Liabilities  (as reported)511,064
Long-term Liabilities  (calculated)507,928
+/- 3,136
Total Stockholder Equity
Common Stock229,981
Retained Earnings 145,146
Accumulated Other Comprehensive Income 2,000
Total Stockholder Equity (as reported)377,127
Total Stockholder Equity (calculated)377,127
+/-0
Other
Cash And Equivalents40,000
Cash and Short Term Investments 145,867
Common Stock Shares Outstanding 212,835
Liabilities and Stockholders Equity 1,015,496
Net Debt 472,980
Net Working Capital 277,216
Short Long Term Debt Total 618,847



Balance Sheet

Currency in AUD. All numbers in thousands.

 Trend2023-06-302022-06-302021-06-302020-06-302019-06-302018-06-302017-06-30
> Total Assets 
274,701
326,706
393,322
441,561
628,632
822,170
1,015,496
1,015,496822,170628,632441,561393,322326,706274,701
   > Total Current Assets 
179,268
179,485
173,908
192,860
245,302
342,841
404,521
404,521342,841245,302192,860173,908179,485179,268
       Cash And Cash Equivalents 
16,106
36,307
16,308
44,474
55,629
122,499
145,867
145,867122,49955,62944,47416,30836,30716,106
       Net Receivables 
0
0
0
145,835
185,519
216,456
251,697
251,697216,456185,519145,835000
       Other Current Assets 
553
348
435
2,551
4,154
3,886
6,443
6,4433,8864,1542,551435348553
   > Long-term Assets 
0
0
0
248,701
383,330
479,329
610,975
610,975479,329383,330248,701000
       Property Plant Equipment 
2,222
2,062
1,853
3,758
3,551
3,784
4,289
4,2893,7843,5513,7581,8532,0622,222
       Goodwill 
18,080
18,080
18,136
18,136
27,202
27,202
27,202
27,20227,20227,20218,13618,13618,08018,080
       Intangible Assets 
1,095
642
5,436
4,713
5,272
4,396
3,521
3,5214,3965,2724,7135,4366421,095
       Long-term Assets Other 
0
0
0
264
336,005
4,017
562,175
562,1754,017336,005264000
> Total Liabilities 
92,642
107,527
153,468
191,709
292,113
453,252
638,369
638,369453,252292,113191,709153,468107,52792,642
   > Total Current Liabilities 
42,483
9,243
16,140
17,789
64,753
60,158
127,305
127,30560,15864,75317,78916,1409,24342,483
       Short-term Debt 
0
0
932
2,085
36,010
33,120
110,919
110,91933,12036,0102,08593200
       Accounts payable 
0
0
0
1,723
2,682
3,260
13,305
13,3053,2602,6821,723000
       Other Current Liabilities 
0
0
0
1,740
3,468
23,778
3,081
3,08123,7783,4681,740000
   > Long-term Liabilities 
0
0
0
173,920
227,360
393,094
511,064
511,064393,094227,360173,920000
       Long term Debt Total 
49,939
97,825
132,570
169,955
226,993
392,714
507,928
507,928392,714226,993169,955132,57097,82549,939
> Total Stockholder Equity
182,059
219,179
239,854
249,852
336,519
368,918
377,127
377,127368,918336,519249,852239,854219,179182,059
   Common Stock
125,761
153,969
163,722
169,472
229,349
238,848
229,981
229,981238,848229,349169,472163,722153,969125,761
   Retained Earnings 
56,298
65,210
76,113
76,810
104,178
128,281
145,146
145,146128,281104,17876,81076,11365,21056,298
   Capital Surplus 0000000
   Treasury Stock0000000
   Other Stockholders Equity 
0
0
19
-233
-274
-1,255
-627
-627-1,255-274-2331900



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 (+$)
totalRevenue209,342
Cost of Revenue-18,669
Gross Profit190,673190,673
 
Operating Income (+$)
Gross Profit190,673
Operating Expense-100,868
Operating Income108,47489,805
 
Operating Expense (+$)
Research Development6,710
Selling General Administrative32,005
Selling And Marketing Expenses1,294
Operating Expense100,86840,009
 
Net Interest Income (+$)
Interest Income41,893
Interest Expense-41,893
Other Finance Cost-0
Net Interest Income0
 
Pretax Income (+$)
Operating Income108,474
Net Interest Income0
Other Non-Operating Income Expenses0
Income Before Tax (EBT)66,568106,729
EBIT - interestExpense = 66,581
66,568
89,525
Interest Expense41,893
Earnings Before Interest and Taxes (EBIT)108,474108,461
Earnings Before Interest and Taxes (EBITDA)110,774
 
After tax Income (+$)
Income Before Tax66,568
Tax Provision-18,936
Net Income From Continuing Ops047,632
Net Income47,632
Net Income Applicable To Common Shares47,632
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses100,868
Total Other Income/Expenses Net1,7450
 

Technical Analysis of Solvar
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 Solvar. The general trend of Solvar is UNKNOWN with 0.0% 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 Solvar'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 StateBullish trend Bearish trend
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 Solvar Ltd..

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

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

The bullish price targets are: 1.08 < 1.1225 < 1.2432425531915.

The bearish price targets are: 0.93 > 0.93 > 0.92768137254902.

Tweet this
Solvar 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 Solvar Ltd.. The current mas is .

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200

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

Solvar 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 Solvar Ltd..

Solvar Ltd. Daily Moving Average Convergence/Divergence (MACD) ChartSolvar 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 Solvar Ltd.. The current adx is .

Solvar 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 Solvar Ltd..

Solvar 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 Solvar Ltd..

Solvar Ltd. Daily Relative Strength Index (RSI) ChartSolvar 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 Solvar Ltd..

Solvar Ltd. Daily Stochastic Oscillator ChartSolvar 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 Solvar Ltd..

Solvar Ltd. Daily Commodity Channel Index (CCI) ChartSolvar 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 Solvar Ltd..

Solvar Ltd. Daily Chande Momentum Oscillator (CMO) ChartSolvar 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 Solvar Ltd..

Solvar Ltd. Daily Williams %R ChartSolvar 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 Solvar Ltd..

Solvar 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 Solvar Ltd..

Solvar Ltd. Daily Average True Range (ATR) ChartSolvar 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 Solvar Ltd..

Solvar Ltd. Daily On-Balance Volume (OBV) ChartSolvar 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 Solvar Ltd..

Solvar Ltd. Daily Money Flow Index (MFI) ChartSolvar Ltd. Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Solvar 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
2023-11-28SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-29DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-12-01MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-04STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-06CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-08STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-13STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-15ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-18ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-19STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-21STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-22RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-27STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-03RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-01-04STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-05RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-09STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-01-10STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-11MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-12STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-16SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-17WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-18DMI 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).
2024-01-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-22STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-24STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-25WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-30STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-31SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-02-01STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-02STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-07DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-08DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-09STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-12MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-13DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-14CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-02-15STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-20CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-21MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-22WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-26STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-27STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-29DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-03-01CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-04MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-06MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-08CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-15MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-18MACD 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.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-19ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-21SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-03-22CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-03CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-04-05STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-08DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-10DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-04-11STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-04-12MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-04-15DMI 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
2024-04-16CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-04-17STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-19DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.

6.3. Candlestick Patterns

Solvar Ltd. Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
OpenGreater thanClose1.020
Total1/1 (100.0%)
Penke

Good job! You gained 25 XP and 0   0   10 . What's next:

  • Share my analysis of Solvar with someone you think should read this too:
  • Are you bullish or bearish on Solvar? Let me know what you think in the comments.
  • Do you want an email if I find something interesting about Solvar? Add an email alert using the form below.
  • Join the community if you want to keep your earnings and track your progress: Join the community
  • Is this analysis useful to you? Support me via But Me a Coffee. I'll analyze the stock market faster for you!

Get notifications about Solvar Ltd.

I send you an email if I find something interesting about Solvar Ltd..


Comments

How you think about this?

Leave a comment

Stay informed about Solvar Ltd..

Receive notifications about Solvar Ltd. in your mailbox!