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VEEM Ltd
Buy, Hold or Sell?

Let's analyse Veem together

PenkeI guess you are interested in VEEM 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 VEEM Ltd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Veem (30 sec.)










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

How much money do you get?

How much money do you get?
A$0.02
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
A$0.34
Expected worth in 1 year
A$0.44
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
A$0.12
Return On Investment
9.1%

For what price can you sell your share?

Current Price per Share
A$1.32
Expected price per share
A$1.16 - A$
How sure are you?
50%
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1. Valuation of Veem (5 min.)




Live pricePrice per Share (EOD)

A$1.32

Intrinsic Value Per Share

A$-0.20 - A$0.43

Total Value Per Share

A$0.14 - A$0.78

2. Growth of Veem (5 min.)




Is Veem growing?

Current yearPrevious yearGrowGrow %
How rich?$30.6m$28.5m$2.1m6.9%

How much money is Veem making?

Current yearPrevious yearGrowGrow %
Making money$2.6m$827.7k$1.8m69.2%
Net Profit Margin6.9%2.3%--

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

3. Financial Health of Veem (5 min.)




4. Comparing to competitors in the Aerospace & Defense industry (5 min.)




  Industry Rankings (Aerospace & Defense)  


Richest
#153 / 199

Most Revenue
#125 / 199

Most Profit
#93 / 199
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What can you expect buying and holding a share of Veem? (5 min.)

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

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

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

Speculation

The Price per Share of Veem is A$1.315. 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 Veem.
  • 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 Veem, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is A$0.34. Based on the TTM, the Book Value Change Per Share is A$0.02 per quarter. Based on the YOY, the Book Value Change Per Share is A$0.05 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$0.01 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Veem.

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 Eps0.021.5%0.021.5%0.010.5%0.011.1%0.021.3%
Usd Book Value Change Per Share0.021.2%0.021.2%0.032.6%0.021.3%0.011.0%
Usd Dividend Per Share0.000.3%0.000.3%0.000.2%0.000.3%0.010.7%
Usd Total Gains Per Share0.021.5%0.021.5%0.042.8%0.021.5%0.021.7%
Usd Price Per Share0.26-0.26-0.25-0.40-0.27-
Price to Earnings Ratio13.20-13.20-40.74-28.17-18.65-
Price-to-Total Gains Ratio13.41-13.41-6.73-22.92-21.12-
Price to Book Ratio1.16-1.16-1.18-2.25-1.64-
Price-to-Total Gains Ratio13.41-13.41-6.73-22.92-21.12-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.8598785
Number of shares1162
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.020.02
Usd Total Gains Per Share0.020.02
Gains per Quarter (1162 shares)22.6623.49
Gains per Year (1162 shares)90.6593.97
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1197281167884
23714417233155178
35621626349233272
47428835465311366
59336144581388460
611143353698466554
7130505627114544648
8148577718130622742
9167649809147699836
10185721900163777930

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%10.00.00.0100.0%10.00.01.090.9%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%11.00.00.0100.0%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%11.00.00.0100.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%11.00.00.0100.0%
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Fundamentals of Veem

About VEEM Ltd

VEEM Ltd engages in the manufacture and sale of marine propulsion and stabilization systems. It offers gyrostabilizers; CNC machined monobloc and fixed pitch propellers; and forever pipe, a piping solution for the processing industry. The company also provides conquest and shaft lines and marine ride control fins. in addition, it manufactures bespoke engineered products for marine, defense, and mining industries; and provides engineering services. The company was founded in 1968 and is headquartered in Canning Vale, Australia. VEEM Ltd operates as a subsidiary of Veem Corporation Pty Ltd.

Fundamental data was last updated by Penke on 2024-02-25 22:12:02.

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 less efficient 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 able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

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

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Veem to the Aerospace & Defense industry mean.
  • A Net Profit Margin of 6.9% means that $0.07 for each $1 in revenue is generated as profit.

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

  • The MRQ is 6.9%. The company is making a profit. +1
  • The TTM is 6.9%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ6.9%TTM6.9%0.0%
TTM6.9%YOY2.3%+4.6%
TTM6.9%5Y5.7%+1.2%
5Y5.7%10Y8.2%-2.5%
Compared to industry (Aerospace & Defense)
PeriodCompanyIndustry (mean)+/- 
MRQ6.9%4.8%+2.1%
TTM6.9%3.5%+3.4%
YOY2.3%3.3%-1.0%
5Y5.7%3.0%+2.7%
10Y8.2%3.3%+4.9%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Veem to the Aerospace & Defense industry mean.
  • 4.5% Return on Assets means that Veem generated $0.04 profit for each $1 in assets.

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

  • The MRQ is 4.5%. Using its assets, the company is less efficient in making profit.
  • The TTM is 4.5%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ4.5%TTM4.5%0.0%
TTM4.5%YOY1.6%+2.9%
TTM4.5%5Y4.4%+0.1%
5Y4.4%10Y7.7%-3.4%
Compared to industry (Aerospace & Defense)
PeriodCompanyIndustry (mean)+/- 
MRQ4.5%0.7%+3.8%
TTM4.5%0.7%+3.8%
YOY1.6%0.5%+1.1%
5Y4.4%0.6%+3.8%
10Y7.7%0.7%+7.0%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Veem to the Aerospace & Defense industry mean.
  • 8.8% Return on Equity means Veem generated $0.09 for each $1 the owners (shareholders) invested.

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

  • The MRQ is 8.8%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 8.8%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ8.8%TTM8.8%0.0%
TTM8.8%YOY2.9%+5.9%
TTM8.8%5Y8.1%+0.7%
5Y8.1%10Y12.6%-4.5%
Compared to industry (Aerospace & Defense)
PeriodCompanyIndustry (mean)+/- 
MRQ8.8%1.9%+6.9%
TTM8.8%1.6%+7.2%
YOY2.9%1.5%+1.4%
5Y8.1%1.2%+6.9%
10Y12.6%1.6%+11.0%
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1.2. Operating Efficiency of VEEM Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Veem is operating .

  • Measures how much profit Veem 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 Veem to the Aerospace & Defense industry mean.
  • An Operating Margin of 9.9% means the company generated $0.10  for each $1 in revenue (before taxes).

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

  • The MRQ is 9.9%. The company is operating less efficient.
  • The TTM is 9.9%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ9.9%TTM9.9%0.0%
TTM9.9%YOY3.8%+6.1%
TTM9.9%5Y8.0%+1.9%
5Y8.0%10Y8.8%-0.9%
Compared to industry (Aerospace & Defense)
PeriodCompanyIndustry (mean)+/- 
MRQ9.9%7.2%+2.7%
TTM9.9%4.2%+5.7%
YOY3.8%4.3%-0.5%
5Y8.0%4.4%+3.6%
10Y8.8%3.4%+5.4%
1.2.2. Operating Ratio

Measures how efficient Veem is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Aerospace & Defense industry mean).
  • An Operation Ratio of 0.92 means that the operating costs are $0.92 for each $1 in net sales.

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

  • The MRQ is 0.915. The company is less efficient in keeping operating costs low.
  • The TTM is 0.915. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.915TTM0.9150.000
TTM0.915YOY0.966-0.051
TTM0.9155Y0.936-0.020
5Y0.93610Y0.907+0.029
Compared to industry (Aerospace & Defense)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9151.164-0.249
TTM0.9151.182-0.267
YOY0.9661.230-0.264
5Y0.9361.205-0.269
10Y0.9071.146-0.239
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1.3. Liquidity of VEEM Ltd.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Aerospace & Defense industry mean).
  • A Current Ratio of 2.09 means the company has $2.09 in assets for each $1 in short-term debts.

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

  • The MRQ is 2.086. The company is able to pay all its short-term debts. +1
  • The TTM is 2.086. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ2.086TTM2.0860.000
TTM2.086YOY2.485-0.399
TTM2.0865Y2.336-0.250
5Y2.33610Y2.005+0.331
Compared to industry (Aerospace & Defense)
PeriodCompanyIndustry (mean)+/- 
MRQ2.0861.437+0.649
TTM2.0861.465+0.621
YOY2.4851.594+0.891
5Y2.3361.596+0.740
10Y2.0051.563+0.442
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Veem to the Aerospace & Defense industry mean.
  • A Quick Ratio of 0.75 means the company can pay off $0.75 for each $1 in debt (using most liquid assets).

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

  • The MRQ is 0.747. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.747. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.747TTM0.7470.000
TTM0.747YOY1.009-0.262
TTM0.7475Y1.025-0.278
5Y1.02510Y0.946+0.079
Compared to industry (Aerospace & Defense)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7470.673+0.074
TTM0.7470.780-0.033
YOY1.0090.916+0.093
5Y1.0250.890+0.135
10Y0.9460.887+0.059
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1.4. Solvency of VEEM Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Veem to Aerospace & Defense industry mean.
  • A Debt to Asset Ratio of 0.49 means that Veem assets are financed with 48.8% credit (debt) and the remaining percentage (100% - 48.8%) is financed by its owners/shareholders. 

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

  • The MRQ is 0.488. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.488. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.488TTM0.4880.000
TTM0.488YOY0.462+0.026
TTM0.4885Y0.461+0.027
5Y0.46110Y0.408+0.053
Compared to industry (Aerospace & Defense)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4880.609-0.121
TTM0.4880.609-0.121
YOY0.4620.588-0.126
5Y0.4610.618-0.157
10Y0.4080.620-0.212
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Veem to the Aerospace & Defense industry mean.
  • A Debt to Equity ratio of 95.4% means that company has $0.95 debt for each $1 in shareholders equity.

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

  • The MRQ is 0.954. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.954. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.954TTM0.9540.000
TTM0.954YOY0.859+0.095
TTM0.9545Y0.869+0.086
5Y0.86910Y0.713+0.156
Compared to industry (Aerospace & Defense)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9541.410-0.456
TTM0.9541.410-0.456
YOY0.8591.318-0.459
5Y0.8691.519-0.650
10Y0.7131.700-0.987
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2. Market Valuation of VEEM 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 Veem generates.

  • Above 15 is considered overpriced but always compare Veem to the Aerospace & Defense industry mean.
  • A PE ratio of 13.20 means the investor is paying $13.20 for every $1 in earnings.

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

  • The EOD is 43.400. Based on the earnings, the company is overpriced. -1
  • The MRQ is 13.202. Based on the earnings, the company is underpriced. +1
  • The TTM is 13.202. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD43.400MRQ13.202+30.199
MRQ13.202TTM13.2020.000
TTM13.202YOY40.742-27.541
TTM13.2025Y28.166-14.965
5Y28.16610Y18.654+9.513
Compared to industry (Aerospace & Defense)
PeriodCompanyIndustry (mean)+/- 
EOD43.40019.757+23.643
MRQ13.20216.262-3.060
TTM13.20216.198-2.996
YOY40.74217.779+22.963
5Y28.16616.350+11.816
10Y18.65420.625-1.971
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is 191.271. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is 58.181. Based on how much money comes from the company's main activities, the company is overpriced. -1
  • The TTM is 58.181. Based on how much money comes from the company's main activities, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD191.271MRQ58.181+133.090
MRQ58.181TTM58.1810.000
TTM58.181YOY-21.250+79.432
TTM58.1815Y25.732+32.449
5Y25.73210Y7.176+18.556
Compared to industry (Aerospace & Defense)
PeriodCompanyIndustry (mean)+/- 
EOD191.271-0.258+191.529
MRQ58.181-0.060+58.241
TTM58.181-0.024+58.205
YOY-21.250-0.259-20.991
5Y25.732-0.789+26.521
10Y7.1760.368+6.808
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2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Aerospace & Defense industry mean).
  • A PB ratio of 1.16 means the investor is paying $1.16 for each $1 in book value.

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

  • The EOD is 3.812. Based on the equity, the company is fair priced.
  • The MRQ is 1.159. Based on the equity, the company is underpriced. +1
  • The TTM is 1.159. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD3.812MRQ1.159+2.652
MRQ1.159TTM1.1590.000
TTM1.159YOY1.183-0.023
TTM1.1595Y2.249-1.090
5Y2.24910Y1.643+0.607
Compared to industry (Aerospace & Defense)
PeriodCompanyIndustry (mean)+/- 
EOD3.8122.405+1.407
MRQ1.1592.262-1.103
TTM1.1592.311-1.152
YOY1.1832.196-1.013
5Y2.2492.481-0.232
10Y1.6432.806-1.163
2. Total Gains per Share

3. Holders & Insider Transactions

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

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4. Summary

4.1. Key Performance Indicators

The key performance indicators of VEEM 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--0.0240.0240%0.051-54%0.026-7%0.019+22%
Book Value Per Share--0.3450.3450%0.321+7%0.281+23%0.235+47%
Current Ratio--2.0862.0860%2.485-16%2.336-11%2.005+4%
Debt To Asset Ratio--0.4880.4880%0.462+6%0.461+6%0.408+20%
Debt To Equity Ratio--0.9540.9540%0.859+11%0.869+10%0.713+34%
Dividend Per Share--0.0060.0060%0.005+22%0.005+14%0.015-59%
Eps--0.0300.0300%0.009+225%0.023+34%0.027+13%
Free Cash Flow Per Share--0.0070.0070%-0.018+360%0.018-61%0.015-54%
Free Cash Flow To Equity Per Share---0.002-0.0020%0.001-247%0.004-147%0.002-213%
Gross Profit Margin--0.8630.8630%0.760+13%0.807+7%0.8650%
Intrinsic Value_10Y_max--0.435--------
Intrinsic Value_10Y_min---0.201--------
Intrinsic Value_1Y_max--0.023--------
Intrinsic Value_1Y_min---0.003--------
Intrinsic Value_3Y_max--0.085--------
Intrinsic Value_3Y_min---0.023--------
Intrinsic Value_5Y_max--0.166--------
Intrinsic Value_5Y_min---0.060--------
Market Cap178470495.520+70%54287780.80054287780.8000%51573391.760+5%82517226.128-34%56323422.952-4%
Net Profit Margin--0.0690.0690%0.023+196%0.057+21%0.082-15%
Operating Margin--0.0990.0990%0.038+161%0.080+23%0.088+12%
Operating Ratio--0.9150.9150%0.966-5%0.936-2%0.907+1%
Pb Ratio3.812+70%1.1591.1590%1.183-2%2.249-48%1.643-29%
Pe Ratio43.400+70%13.20213.2020%40.742-68%28.166-53%18.654-29%
Price Per Share1.315+70%0.4000.4000%0.380+5%0.608-34%0.415-4%
Price To Free Cash Flow Ratio191.271+70%58.18158.1810%-21.250+137%25.732+126%7.176+711%
Price To Total Gains Ratio44.092+70%13.41213.4120%6.733+99%22.924-41%21.123-37%
Quick Ratio--0.7470.7470%1.009-26%1.025-27%0.946-21%
Return On Assets--0.0450.0450%0.016+188%0.044+3%0.077-42%
Return On Equity--0.0880.0880%0.029+203%0.081+8%0.126-30%
Total Gains Per Share--0.0300.0300%0.056-47%0.031-4%0.034-14%
Usd Book Value--30616815.56230616815.5620%28511354.339+7%24950614.341+23%20828500.932+47%
Usd Book Value Change Per Share--0.0160.0160%0.034-54%0.017-7%0.013+22%
Usd Book Value Per Share--0.2260.2260%0.210+7%0.184+23%0.153+47%
Usd Dividend Per Share--0.0040.0040%0.003+22%0.004+14%0.010-59%
Usd Eps--0.0200.0200%0.006+225%0.015+34%0.018+13%
Usd Free Cash Flow--610140.358610140.3580%-1586981.297+360%1567029.893-61%1319590.406-54%
Usd Free Cash Flow Per Share--0.0040.0040%-0.012+360%0.012-61%0.010-54%
Usd Free Cash Flow To Equity Per Share---0.001-0.0010%0.001-247%0.002-147%0.001-213%
Usd Market Cap116701857.021+70%35498779.86535498779.8650%33723840.872+5%53958014.165-34%36829886.268-4%
Usd Price Per Share0.860+70%0.2620.2620%0.248+5%0.398-34%0.271-4%
Usd Profit--2688972.8112688972.8110%827732.122+225%1991745.920+35%2374375.113+13%
Usd Revenue--38929992.08238929992.0820%35439578.506+10%34327769.729+13%30139521.985+29%
Usd Total Gains Per Share--0.0200.0200%0.037-47%0.020-4%0.023-14%
 EOD+4 -4MRQTTM+0 -0YOY+24 -125Y+18 -1810Y+14 -22

4.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1543.400
Price to Book Ratio (EOD)Between0-13.812
Net Profit Margin (MRQ)Greater than00.069
Operating Margin (MRQ)Greater than00.099
Quick Ratio (MRQ)Greater than10.747
Current Ratio (MRQ)Greater than12.086
Debt to Asset Ratio (MRQ)Less than10.488
Debt to Equity Ratio (MRQ)Less than10.954
Return on Equity (MRQ)Greater than0.150.088
Return on Assets (MRQ)Greater than0.050.045
Total5/10 (50.0%)

4.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5066.806
Ma 20Greater thanMa 501.234
Ma 50Greater thanMa 1001.138
Ma 100Greater thanMa 2000.918
OpenGreater thanClose1.340
Total5/5 (100.0%)



Latest Balance Sheet

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

Summary
Total Assets91,504
Total Liabilities44,682
Total Stockholder Equity46,822
 As reported
Total Liabilities 44,682
Total Stockholder Equity+ 46,822
Total Assets = 91,504

Assets

Total Assets91,504
Total Current Assets35,012
Long-term Assets56,492
Total Current Assets
Cash And Cash Equivalents 2,421
Net Receivables 10,113
Inventory 20,937
Other Current Assets 1,335
Total Current Assets  (as reported)35,012
Total Current Assets  (calculated)34,806
+/- 206
Long-term Assets
Property Plant Equipment 31,202
Intangible Assets 21,022
Other Assets 4,268
Long-term Assets  (as reported)56,492
Long-term Assets  (calculated)56,492
+/- 0

Liabilities & Shareholders' Equity

Total Current Liabilities16,786
Long-term Liabilities27,896
Total Stockholder Equity46,822
Total Current Liabilities
Short-term Debt 6,283
Short Long Term Debt 4,632
Accounts payable 4,878
Other Current Liabilities 11,908
Total Current Liabilities  (as reported)16,786
Total Current Liabilities  (calculated)27,701
+/- 10,915
Long-term Liabilities
Long term Debt Total 19,889
Capital Lease Obligations Min Short Term Debt4,748
Other Liabilities 8,007
Long-term Liabilities  (as reported)27,896
Long-term Liabilities  (calculated)32,644
+/- 4,748
Total Stockholder Equity
Common Stock11,510
Retained Earnings 35,352
Accumulated Other Comprehensive Income -40
Total Stockholder Equity (as reported)46,822
Total Stockholder Equity (calculated)46,822
+/-0
Other
Capital Stock11,510
Cash and Short Term Investments 2,421
Common Stock Shares Outstanding 135,719
Current Deferred Revenue-6,283
Liabilities and Stockholders Equity 91,504
Net Debt 23,751
Net Invested Capital 61,962
Net Tangible Assets 46,586
Net Working Capital 18,226
Property Plant and Equipment Gross 37,809
Short Long Term Debt Total 26,172



Balance Sheet

Currency in AUD. All numbers in thousands.

 Trend2023-06-302022-06-302021-06-302020-06-302019-06-302018-06-302017-06-302016-06-302015-06-302014-06-302013-06-30
> Total Assets 
32,071
34,724
32,999
36,460
44,180
51,712
49,562
65,810
70,284
81,060
91,504
91,50481,06070,28465,81049,56251,71244,18036,46032,99934,72432,071
   > Total Current Assets 
0
15,372
13,378
17,300
17,334
24,439
22,313
23,585
28,251
31,929
35,012
35,01231,92928,25123,58522,31324,43917,33417,30013,37815,3720
       Cash And Cash Equivalents 
613
380
378
2,960
588
305
2,874
3,618
2,233
2,632
2,421
2,4212,6322,2333,6182,8743055882,960378380613
       Net Receivables 
9,398
8,324
7,437
8,280
7,951
8,874
6,857
9,472
9,821
10,328
10,113
10,11310,3289,8219,4726,8578,8747,9518,2807,4378,3249,398
       Other Current Assets 
312
375
342
80
366
1,909
1,543
2,256
2,184
1,193
1,335
1,3351,1932,1842,2561,5431,90936680342375312
   > Long-term Assets 
0
0
0
19,160
26,846
27,273
27,249
42,224
42,033
49,132
56,492
56,49249,13242,03342,22427,24927,27326,84619,160000
       Property Plant Equipment 
16,065
18,353
12,710
11,230
14,988
14,313
12,944
27,307
25,026
28,222
31,202
31,20228,22225,02627,30712,94414,31314,98811,23012,71018,35316,065
       Goodwill 
32
32
32
32
0
0
0
0
0
0
0
000000032323232
       Intangible Assets 
382
382
350
6,960
10,827
11,923
12,731
13,327
15,705
18,053
21,022
21,02218,05315,70513,32712,73111,92310,8276,960350382382
       Long-term Assets Other 
0
0
0
0
0
27,273
27,249
-27,851
-25,432
-28,465
-31,437
-31,437-28,465-25,432-27,85127,24927,27300000
> Total Liabilities 
11,629
12,174
10,297
12,250
15,374
22,236
18,388
33,247
33,662
37,458
44,682
44,68237,45833,66233,24718,38822,23615,37412,25010,29712,17411,629
   > Total Current Liabilities 
8,154
8,643
7,875
11,390
11,443
13,146
9,588
9,624
12,118
12,848
16,786
16,78612,84812,1189,6249,58813,14611,44311,3907,8758,6438,154
       Short-term Debt 
0
5,465
5,053
4,870
4,816
5,259
1,798
3,115
2,781
2,878
6,283
6,2832,8782,7813,1151,7985,2594,8164,8705,0535,4650
       Short Long Term Debt 
0
5,465
5,053
4,870
3,566
3,996
513
855
1,174
1,387
4,632
4,6321,3871,1748555133,9963,5664,8705,0535,4650
       Accounts payable 
3,093
2,497
1,968
4,650
3,125
4,673
4,863
3,082
4,326
7,945
4,878
4,8787,9454,3263,0824,8634,6733,1254,6501,9682,4973,093
       Other Current Liabilities 
2,138
3,131
591
1,870
3,502
3,214
2,927
6,542
718
8,177
11,908
11,9088,1777186,5422,9273,2143,5021,8705913,1312,138
   > Long-term Liabilities 
0
0
0
860
3,931
9,090
8,800
23,623
21,543
24,610
27,896
27,89624,61021,54323,6238,8009,0903,931860000
       Long term Debt Total 
0
0
0
0
3,170
8,111
7,416
19,927
17,260
18,788
19,889
19,88918,78817,26019,9277,4168,1113,1700000
       Capital Lease Obligations Min Short Term Debt
0
-5,465
-5,053
-4,870
-193
-1,793
533
12,608
10,385
9,279
4,748
4,7489,27910,38512,608533-1,793-193-4,870-5,053-5,4650
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
0
0
00000000000
       Deferred Long Term Liability 
0
4,384
5,942
6,577
10,445
11,281
12,046
12,783
15,299
17,809
20,786
20,78617,80915,29912,78312,04611,28110,4456,5775,9424,3840
> Total Stockholder Equity
20,441
22,550
22,702
24,210
28,806
29,476
31,174
32,563
36,622
43,602
46,822
46,82243,60236,62232,56331,17429,47628,80624,21022,70222,55020,441
   Common Stock
401
401
401
5,200
5,141
5,141
5,141
5,141
5,141
11,510
11,510
11,51011,5105,1415,1415,1415,1415,1415,200401401401
   Retained Earnings 
20,041
22,149
22,302
19,010
23,665
24,336
26,033
27,422
31,482
32,068
35,352
35,35232,06831,48227,42226,03324,33623,66519,01022,30222,14920,041
   Capital Surplus 00000000000
   Treasury Stock00000000000
   Other Stockholders Equity 
0
0
0
0
0
23,137
24,634
-32,563
-36,622
-43,577
-46,862
-46,862-43,577-36,622-32,56324,63423,13700000



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 (+$)
totalRevenue59,535
Cost of Revenue-21,939
Gross Profit37,59737,597
 
Operating Income (+$)
Gross Profit37,597
Operating Expense-32,558
Operating Income5,8795,039
 
Operating Expense (+$)
Research Development284
Selling General Administrative24,564
Selling And Marketing Expenses564
Operating Expense32,55825,411
 
Net Interest Income (+$)
Interest Income992
Interest Expense-986
Other Finance Cost-992
Net Interest Income-986
 
Pretax Income (+$)
Operating Income5,879
Net Interest Income-986
Other Non-Operating Income Expenses0
Income Before Tax (EBT)4,8865,045
EBIT - interestExpense = 4,886
4,886
5,098
Interest Expense986
Earnings Before Interest and Taxes (EBIT)5,8725,872
Earnings Before Interest and Taxes (EBITDA)9,954
 
After tax Income (+$)
Income Before Tax4,886
Tax Provision-774
Net Income From Continuing Ops4,1124,112
Net Income4,112
Net Income Applicable To Common Shares4,112
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses53,708
Total Other Income/Expenses Net833986
 

Technical Analysis of Veem
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 Veem. The general trend of Veem is BULLISH with 100.0% 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 Veem'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 (100.0%) Bearish trend (-100.0%)
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 VEEM 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: .

The bearish price targets are: 1.32 > 1.26 > 1.16.

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VEEM 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 VEEM Ltd. The current mas is .

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

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

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

VEEM 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 VEEM Ltd. The current macd is 0.04806757.

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 Veem price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Veem. 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 Veem 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
VEEM Ltd Daily Moving Average Convergence/Divergence (MACD) ChartVEEM 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 VEEM Ltd. The current adx is 28.90.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-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 Veem shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.
VEEM 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 VEEM Ltd. The current sar is 1.176064.

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
VEEM 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 VEEM Ltd. The current rsi is 66.81. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 2/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending down: The RSI is trending down. -1
VEEM Ltd Daily Relative Strength Index (RSI) ChartVEEM 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 VEEM Ltd. The current phase is Overbought in bull market.

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

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Veem price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
VEEM Ltd Daily Stochastic Oscillator ChartVEEM 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 VEEM Ltd. The current cci is 188.49.

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
VEEM Ltd Daily Commodity Channel Index (CCI) ChartVEEM 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 VEEM Ltd. The current cmo is 37.58.

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
VEEM Ltd Daily Chande Momentum Oscillator (CMO) ChartVEEM 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 VEEM Ltd. The current willr is -13.88888889.

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
VEEM Ltd Daily Williams %R ChartVEEM 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 VEEM Ltd.

VEEM 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 VEEM Ltd. The current atr is 0.04791187.

VEEM Ltd Daily Average True Range (ATR) ChartVEEM 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 VEEM Ltd. The current obv is 11,080,206.

VEEM Ltd Daily On-Balance Volume (OBV) ChartVEEM 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 VEEM Ltd. The current mfi is 79.03.

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
VEEM Ltd Daily Money Flow Index (MFI) ChartVEEM Ltd Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for VEEM 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
2023-10-09DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-10-11MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-10-12MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-10-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below 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).
2023-10-16CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-10-17CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-10-23DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-10-24DMI 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
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-10-25DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-10-27DMI 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).
2023-10-31CCI 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).
2023-11-01STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-02STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-06STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-10CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-13MACD 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.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-14CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-15SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-17STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-21STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-22STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-23ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-24ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-27STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-28WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-29STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-30STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-01STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-05STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-07STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-08MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-11STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-12MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-12-13STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-15RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-18MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-19MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-20RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-12-21MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-27MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-04STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-05SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-08MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-10STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-16STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-17DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-01-18STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-19DMI 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.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-22CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-23MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-24RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-01-25STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-01-29RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-30STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-01STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-02CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-07STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-08MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-02-13STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-14SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-02-15STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-16CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-22STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-23SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-02-26MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-02-28RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.

6.3. Candlestick Patterns

VEEM Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5066.806
Ma 20Greater thanMa 501.234
Ma 50Greater thanMa 1001.138
Ma 100Greater thanMa 2000.918
OpenGreater thanClose1.340
Total5/5 (100.0%)
Penke

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