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Westaim Corp
Buy, Hold or Sell?

Let's analyse Westaim together

PenkeI guess you are interested in Westaim Corp. 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 Westaim Corp. 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 Westaim (30 sec.)










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

How much money do you get?

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

What is your share worth?

Current worth
C$4.84
Expected worth in 1 year
C$6.51
How sure are you?
75.0%

+ What do you gain per year?

Total Gains per Share
C$1.67
Return On Investment
45.1%

For what price can you sell your share?

Current Price per Share
C$3.70
Expected price per share
C$3.53 - C$3.79
How sure are you?
50%

1. Valuation of Westaim (5 min.)




Live pricePrice per Share (EOD)

C$3.70

Intrinsic Value Per Share

C$-0.22 - C$-0.25

Total Value Per Share

C$4.63 - C$4.59

2. Growth of Westaim (5 min.)




Is Westaim growing?

Current yearPrevious yearGrowGrow %
How rich?$495.8m$344.1m$103.4m23.1%

How much money is Westaim making?

Current yearPrevious yearGrowGrow %
Making money$45.4m-$2m$47.4m104.5%
Net Profit Margin93.1%-191.6%--

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

3. Financial Health of Westaim (5 min.)




4. Comparing to competitors in the Asset Management industry (5 min.)




  Industry Rankings (Asset Management)  


Richest
#257 / 763

Most Revenue
#218 / 763

Most Profit
#138 / 763

Most Efficient
#252 / 763

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

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

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

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

Speculation

The Price per Share of Westaim is C$3.7. 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 Westaim.
  • 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 Westaim, 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 C$4.84. Based on the TTM, the Book Value Change Per Share is C$0.42 per quarter. Based on the YOY, the Book Value Change Per Share is C$-0.02 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is C$0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Westaim.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 C$% of Price per ShareC$% of Price per ShareC$% of Price per ShareC$% of Price per ShareC$% of Price per Share
Usd Eps0.174.5%0.215.7%-0.01-0.4%0.041.1%0.030.9%
Usd Book Value Change Per Share0.225.8%0.318.3%-0.01-0.4%0.061.5%0.133.4%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.225.8%0.318.3%-0.01-0.4%0.061.5%0.133.4%
Usd Price Per Share2.61-2.34-1.82-1.92-2.00-
Price to Earnings Ratio3.93-2.86--4.09--9.88--40.75-
Price-to-Total Gains Ratio12.08-11.82--43.24--101.58--38.60-
Price to Book Ratio0.73-0.74-0.75-0.75-0.80-
Price-to-Total Gains Ratio12.08-11.82--43.24--101.58--38.60-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share2.72431
Number of shares367
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.310.06
Usd Total Gains Per Share0.310.06
Gains per Quarter (367 shares)112.7020.81
Gains per Year (367 shares)450.8183.25
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1045144108373
209028920166156
30135213430250239
40180317940333322
50225422450416405
60270526960499488
70315631470583571
80360635980666654
90405740490749737
100450845000832820

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 Share4.00.00.0100.0%9.03.00.075.0%14.06.00.070.0%19.09.00.067.9%19.09.00.067.9%
Book Value Change Per Share4.00.00.0100.0%9.03.00.075.0%14.06.00.070.0%21.07.00.075.0%21.07.00.075.0%
Dividend per Share0.00.04.00.0%0.00.012.00.0%0.00.020.00.0%0.00.028.00.0%0.00.028.00.0%
Total Gains per Share4.00.00.0100.0%9.03.00.075.0%14.06.00.070.0%21.07.00.075.0%21.07.00.075.0%

Fundamentals of Westaim

About Westaim Corp

The Westaim Corporation is a private equity firm specializing in direct and indirect investments through acquisitions, joint ventures, secondary investments both direct and indirect, fund of fund investments, and other arrangements. For direct investments, the firm invests in early venture, mid venture, late venture, middle market, later stage, mature, emerging growth, PIPEs, and buyout transactions. For fund of fund investments, it seeks to invest in private equity funds, venture capital funds, and hedge funds. The firm seeks to provide long term capital to businesses operating in the global financial services industry. It typically acquires controlling interests in businesses. The firm seeks to acquire debt, equity, or derivative securities of both public and private companies. It invests with the objective of providing its shareholders with capital appreciation and real wealth preservation. The firm seeks to provide its portfolio companies with advisory services including, but not limited to, advice on capital allocation, financing strategy, performance measurement and merger and acquisition support. It also seeks to partner with like-minded providers of third party capital to help supplement the firm's own capital, when completing acquisitions. The firm generally seeks to hold its investments for seven to 15 years. The Westaim Corporation was founded in 1996 and is based in Toronto, Canada.

Fundamental data was last updated by Penke on 2024-03-18 15:40:05.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is 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.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very 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 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 Westaim Corp.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Westaim to the Asset Management industry mean.
  • A Net Profit Margin of 92.2% means that $0.92 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Westaim Corp:

  • The MRQ is 92.2%. The company is making a huge profit. +2
  • The TTM is 93.1%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ92.2%TTM93.1%-0.9%
TTM93.1%YOY-191.6%+284.7%
TTM93.1%5Y30.1%+63.0%
5Y30.1%10Y24.9%+5.2%
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ92.2%62.0%+30.2%
TTM93.1%63.5%+29.6%
YOY-191.6%71.0%-262.6%
5Y30.1%62.9%-32.8%
10Y24.9%58.3%-33.4%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Westaim to the Asset Management industry mean.
  • 4.5% Return on Assets means that Westaim generated $0.05 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Westaim Corp:

  • The MRQ is 4.5%. Using its assets, the company is less efficient in making profit.
  • The TTM is 9.2%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ4.5%TTM9.2%-4.7%
TTM9.2%YOY-0.6%+9.8%
TTM9.2%5Y1.7%+7.5%
5Y1.7%10Y1.4%+0.4%
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ4.5%0.8%+3.7%
TTM9.2%0.9%+8.3%
YOY-0.6%1.0%-1.6%
5Y1.7%1.5%+0.2%
10Y1.4%2.1%-0.7%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Westaim to the Asset Management industry mean.
  • 4.7% Return on Equity means Westaim generated $0.05 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Westaim Corp:

  • The MRQ is 4.7%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 10.2%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ4.7%TTM10.2%-5.6%
TTM10.2%YOY-0.7%+10.9%
TTM10.2%5Y1.9%+8.3%
5Y1.9%10Y1.5%+0.4%
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ4.7%1.7%+3.0%
TTM10.2%2.0%+8.2%
YOY-0.7%1.9%-2.6%
5Y1.9%2.6%-0.7%
10Y1.5%3.2%-1.7%

1.2. Operating Efficiency of Westaim Corp.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Westaim is operating .

  • Measures how much profit Westaim 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 Westaim to the Asset Management industry mean.
  • An Operating Margin of 0.0% means the company generated $0.00  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Westaim Corp:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM46.6%-46.6%
TTM46.6%YOY-210.0%+256.6%
TTM46.6%5Y7.0%+39.6%
5Y7.0%10Y11.7%-4.8%
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ-80.3%-80.3%
TTM46.6%62.8%-16.2%
YOY-210.0%70.7%-280.7%
5Y7.0%55.7%-48.7%
10Y11.7%50.4%-38.7%
1.2.2. Operating Ratio

Measures how efficient Westaim is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Asset Management industry mean).
  • An Operation Ratio of 0.00 means that the operating costs are $0.00 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Westaim Corp:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY-0.000
TTM-5Y0.043-0.043
5Y0.04310Y0.178-0.134
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.420-0.420
TTM-0.445-0.445
YOY-0.335-0.335
5Y0.0430.430-0.387
10Y0.1780.483-0.305

1.3. Liquidity of Westaim Corp.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Asset Management industry mean).
  • A Current Ratio of 0.00 means the company has $0.00 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Westaim Corp:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM12.858-12.858
TTM12.858YOY28.687-15.829
TTM12.8585Y30.630-17.772
5Y30.63010Y30.976-0.346
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ-3.222-3.222
TTM12.8583.191+9.667
YOY28.6873.840+24.847
5Y30.6305.526+25.104
10Y30.9766.549+24.427
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Westaim to the Asset Management industry mean.
  • A Quick Ratio of 0.00 means the company can pay off $0.00 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Westaim Corp:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM0.009-0.009
TTM0.009YOY0.021-0.013
TTM0.0095Y0.239-0.230
5Y0.23910Y0.517-0.278
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ-3.184-3.184
TTM0.0093.532-3.523
YOY0.0214.139-4.118
5Y0.2396.715-6.476
10Y0.5176.060-5.543

1.4. Solvency of Westaim Corp.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Westaim to Asset Management industry mean.
  • A Debt to Asset Ratio of 0.03 means that Westaim assets are financed with 3.0% credit (debt) and the remaining percentage (100% - 3.0%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Westaim Corp:

  • The MRQ is 0.030. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.091. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.030TTM0.091-0.061
TTM0.091YOY0.133-0.042
TTM0.0915Y0.126-0.035
5Y0.12610Y0.125+0.001
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0300.183-0.153
TTM0.0910.180-0.089
YOY0.1330.185-0.052
5Y0.1260.190-0.064
10Y0.1250.188-0.063
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Westaim to the Asset Management industry mean.
  • A Debt to Equity ratio of 3.1% means that company has $0.03 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Westaim Corp:

  • The MRQ is 0.031. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.101. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.031TTM0.101-0.071
TTM0.101YOY0.153-0.052
TTM0.1015Y0.145-0.044
5Y0.14510Y0.145+0.000
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0310.210-0.179
TTM0.1010.220-0.119
YOY0.1530.227-0.074
5Y0.1450.250-0.105
10Y0.1450.260-0.115

2. Market Valuation of Westaim Corp

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 Westaim generates.

  • Above 15 is considered overpriced but always compare Westaim to the Asset Management industry mean.
  • A PE ratio of 3.93 means the investor is paying $3.93 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Westaim Corp:

  • The EOD is 4.105. Based on the earnings, the company is cheap. +2
  • The MRQ is 3.927. Based on the earnings, the company is cheap. +2
  • The TTM is 2.862. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD4.105MRQ3.927+0.177
MRQ3.927TTM2.862+1.065
TTM2.862YOY-4.085+6.948
TTM2.8625Y-9.882+12.744
5Y-9.88210Y-40.750+30.868
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
EOD4.1055.619-1.514
MRQ3.9275.505-1.578
TTM2.8625.667-2.805
YOY-4.0853.801-7.886
5Y-9.8825.342-15.224
10Y-40.7507.598-48.348
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is -344.416. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -329.522. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -87.939. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-344.416MRQ-329.522-14.894
MRQ-329.522TTM-87.939-241.583
TTM-87.939YOY-18.853-69.086
TTM-87.9395Y-7.442-80.497
5Y-7.44210Y-41.189+33.747
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
EOD-344.4164.635-349.051
MRQ-329.5224.286-333.808
TTM-87.9393.311-91.250
YOY-18.8532.052-20.905
5Y-7.4422.207-9.649
10Y-41.1892.479-43.668
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Asset Management industry mean).
  • A PB ratio of 0.73 means the investor is paying $0.73 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Westaim Corp:

  • The EOD is 0.764. Based on the equity, the company is cheap. +2
  • The MRQ is 0.731. Based on the equity, the company is cheap. +2
  • The TTM is 0.737. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.764MRQ0.731+0.033
MRQ0.731TTM0.737-0.006
TTM0.737YOY0.752-0.015
TTM0.7375Y0.747-0.010
5Y0.74710Y0.804-0.057
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
EOD0.7640.927-0.163
MRQ0.7310.911-0.180
TTM0.7370.910-0.173
YOY0.7520.983-0.231
5Y0.7471.008-0.261
10Y0.8041.157-0.353
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Westaim Corp 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--0.2930.417-30%-0.018+106%0.077+281%0.173+70%
Book Value Per Share--4.8424.319+12%3.290+47%3.497+38%3.405+42%
Current Ratio---12.858-100%28.687-100%30.630-100%30.976-100%
Debt To Asset Ratio--0.0300.091-67%0.133-78%0.126-76%0.125-76%
Debt To Equity Ratio--0.0310.101-70%0.153-80%0.145-79%0.145-79%
Dividend Per Share----0%-0%-0%-0%
Eps--0.2250.286-21%-0.020+109%0.055+312%0.044+410%
Free Cash Flow Per Share---0.003-0.007+164%-0.007+164%0.004-172%0.002-277%
Free Cash Flow To Equity Per Share---0.0030.576-100%0.173-102%0.155-102%0.148-102%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---0.247--------
Intrinsic Value_10Y_min---0.216--------
Intrinsic Value_1Y_max---0.029--------
Intrinsic Value_1Y_min---0.029--------
Intrinsic Value_3Y_max---0.084--------
Intrinsic Value_3Y_min---0.080--------
Intrinsic Value_5Y_max---0.135--------
Intrinsic Value_5Y_min---0.126--------
Market Cap514640400.000+4%492385680.000447578937.810+10%351158160.255+40%369411795.765+33%383087282.689+29%
Net Profit Margin--0.9220.931-1%-1.916+308%0.301+206%0.249+270%
Operating Margin---0.466-100%-2.1000%0.070-100%0.117-100%
Operating Ratio----0%-0%0.043-100%0.178-100%
Pb Ratio0.764+4%0.7310.737-1%0.752-3%0.747-2%0.804-9%
Pe Ratio4.105+4%3.9272.862+37%-4.085+204%-9.882+352%-40.750+1138%
Price Per Share3.700+4%3.5403.180+11%2.473+43%2.610+36%2.721+30%
Price To Free Cash Flow Ratio-344.416-5%-329.522-87.939-73%-18.853-94%-7.442-98%-41.189-88%
Price To Total Gains Ratio12.622+4%12.07611.824+2%-43.237+458%-101.575+941%-38.605+420%
Quick Ratio---0.009-100%0.021-100%0.239-100%0.517-100%
Return On Assets--0.0450.092-51%-0.006+113%0.017+160%0.014+228%
Return On Equity--0.0470.102-55%-0.007+114%0.019+142%0.015+204%
Total Gains Per Share--0.2930.417-30%-0.018+106%0.077+281%0.173+70%
Usd Book Value--495845153.030447534979.704+11%344116842.261+44%364512565.081+36%353211319.156+40%
Usd Book Value Change Per Share--0.2160.307-30%-0.013+106%0.057+281%0.127+70%
Usd Book Value Per Share--3.5653.180+12%2.423+47%2.575+38%2.507+42%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps--0.1660.210-21%-0.015+109%0.040+312%0.033+410%
Usd Free Cash Flow---275052.228-738140.161+168%-737890.113+168%399475.854-169%169496.470-262%
Usd Free Cash Flow Per Share---0.002-0.005+164%-0.005+164%0.003-172%0.001-277%
Usd Free Cash Flow To Equity Per Share---0.0020.424-100%0.127-102%0.114-102%0.109-102%
Usd Market Cap378929726.520+4%362543576.184329552371.910+10%258557753.396+40%271997905.222+33%282067166.244+29%
Usd Price Per Share2.724+4%2.6072.341+11%1.821+43%1.921+36%2.004+30%
Usd Profit--23079382.40445434127.211-49%-2043638.054+109%8790119.102+163%6810328.886+239%
Usd Revenue--25028752.55848199902.387-48%-509096.669+102%10435531.540+140%8964666.532+179%
Usd Total Gains Per Share--0.2160.307-30%-0.013+106%0.057+281%0.127+70%
 EOD+5 -3MRQTTM+14 -18YOY+25 -65Y+23 -1010Y+23 -10

3.2. Fundamental Score

Let's check the fundamental score of Westaim Corp based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-154.105
Price to Book Ratio (EOD)Between0-10.764
Net Profit Margin (MRQ)Greater than00.922
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.000
Current Ratio (MRQ)Greater than10.000
Debt to Asset Ratio (MRQ)Less than10.030
Debt to Equity Ratio (MRQ)Less than10.031
Return on Equity (MRQ)Greater than0.150.047
Return on Assets (MRQ)Greater than0.050.045
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of Westaim Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5059.666
Ma 20Greater thanMa 503.638
Ma 50Greater thanMa 1003.623
Ma 100Greater thanMa 2003.706
OpenGreater thanClose3.680
Total3/5 (60.0%)



Latest Balance Sheet

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

Summary
Total Assets510,924
Total Liabilities15,173
Total Stockholder Equity495,751
 As reported
Total Liabilities 15,173
Total Stockholder Equity+ 495,751
Total Assets = 510,924

Assets

Total Assets510,924
Total Current Assets0
Long-term Assets0
Total Current Assets
Cash And Cash Equivalents 39,275
Total Current Assets  (as reported)0
Total Current Assets  (calculated)39,275
+/- 39,275
Long-term Assets
Property Plant Equipment 157
Long Term Investments 469,465
Long-term Assets  (as reported)0
Long-term Assets  (calculated)469,622
+/- 469,622

Liabilities & Shareholders' Equity

Total Current Liabilities0
Long-term Liabilities0
Total Stockholder Equity495,751
Total Current Liabilities
Accounts payable 2,864
Total Current Liabilities  (as reported)0
Total Current Liabilities  (calculated)2,864
+/- 2,864
Long-term Liabilities
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)0
+/-0
Total Stockholder Equity
Retained Earnings 117,919
Total Stockholder Equity (as reported)495,751
Total Stockholder Equity (calculated)117,919
+/- 377,832
Other
Capital Stock363,871
Common Stock Shares Outstanding 135,492



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-31
> Total Assets 
329,168
331,876
372,234
377,976
386,190
388,262
391,691
397,232
397,399
407,699
418,328
421,474
410,749
381,233
384,428
387,620
377,353
387,172
396,128
397,483
401,661
406,130
399,228
379,657
413,292
506,920
534,040
510,924
510,924534,040506,920413,292379,657399,228406,130401,661397,483396,128387,172377,353387,620384,428381,233410,749421,474418,328407,699397,399397,232391,691388,262386,190377,976372,234331,876329,168
   > Total Current Assets 
327,778
331,032
334,407
339,202
378,135
380,051
382,742
387,868
386,719
21,474
405,244
408,945
397,820
369,099
372,719
376,279
356,647
367,444
376,265
376,628
375,085
374,798
367,908
352,557
385,896
0
506,600
0
0506,6000385,896352,557367,908374,798375,085376,628376,265367,444356,647376,279372,719369,099397,820408,945405,24421,474386,719387,868382,742380,051378,135339,202334,407331,032327,778
       Cash And Cash Equivalents 
3,027
2,176
2,942
2,831
7,813
6,238
5,779
5,541
7,836
6,310
5,750
19,017
22,240
52,237
8,592
8,291
8,741
8,570
9,697
8,747
6,558
7,212
3,140
2,177
3,434
3,055
86,822
39,275
39,27586,8223,0553,4342,1773,1407,2126,5588,7479,6978,5708,7418,2918,59252,23722,24019,0175,7506,3107,8365,5415,7796,2387,8132,8312,9422,1763,027
       Net Receivables 
2,365
2,438
468
489
24,579
23,259
21,263
20,878
15,571
187
14,564
2,007
1,825
1,528
1,440
1,424
1,165
1,116
1,090
204
428
277
237
157
291
0
292
0
029202911572372774282041,0901,1161,1651,4241,4401,5281,8252,00714,56418715,57120,87821,26323,25924,5794894682,4382,365
       Other Current Assets 
0
304
50
0
110
0
0
0
0
0
466
158
244
249
0
0
0
0
0
0
0
61
0
0
0
0
0
0
000000610000000249244158466000001100503040
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
386,225
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000000386,225000000000
       Property Plant Equipment 
136
123
110
105
95
86
76
81
71
61
51
42
656
649
613
575
536
498
471
437
402
367
331
296
261
226
192
157
1571922262612963313674024374714985365756136496564251617181768695105110123136
       Long Term Investments 
1,254
721
-851
-1,429
7,960
8,125
8,873
9,283
10,609
385,739
397,963
400,408
385,784
326,570
373,783
377,330
366,911
376,988
384,870
388,095
394,273
398,213
395,520
377,027
409,128
502,999
446,245
469,465
469,465446,245502,999409,128377,027395,520398,213394,273388,095384,870376,988366,911377,330373,783326,570385,784400,408397,963385,73910,6099,2838,8738,1257,960-1,429-8517211,254
       Other Assets 
0
0
38,568
40,098
23,925
22,494
20,533
20,124
3,451
0
0
4,850
2,298
0
1,615
1,525
1,637
1,531
1,478
577
0
641
0
389
178
0
681
0
06810178389064105771,4781,5311,6371,5251,61502,2984,850003,45120,12420,53322,49423,92540,09838,56800
> Total Liabilities 
10,663
11,199
60,476
59,348
60,148
55,745
58,676
59,202
52,220
52,172
54,775
53,936
56,076
46,854
50,133
52,607
56,831
57,556
55,642
55,403
53,984
54,936
52,181
49,369
50,218
49,364
60,621
15,173
15,17360,62149,36450,21849,36952,18154,93653,98455,40355,64257,55656,83152,60750,13346,85456,07653,93654,77552,17252,22059,20258,67655,74560,14859,34860,47611,19910,663
   > Total Current Liabilities 
7,224
7,715
47,545
49,771
9,824
8,911
10,582
10,990
9,605
1,078
8,862
9,286
11,157
7,023
8,507
9,809
11,331
11,130
11,790
12,690
13,133
13,332
12,071
12,775
13,185
12,258
22,855
0
022,85512,25813,18512,77512,07113,33213,13312,69011,79011,13011,3319,8098,5077,02311,1579,2868,8621,0789,60510,99010,5828,9119,82449,77147,5457,7157,224
       Short-term Debt 
0
0
38,568
40,098
39,876
38,782
38,024
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000000000038,02438,78239,87640,09838,56800
       Short Long Term Debt 
0
0
38,568
40,098
39,876
38,782
38,024
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000000000038,02438,78239,87640,09838,56800
       Accounts payable 
1,039
1,421
975
1,497
1,135
717
1,043
1,456
1,794
537
476
476
2,136
939
1,286
1,703
2,346
1,198
1,874
2,548
3,579
4,483
2,168
2,721
3,321
1,541
22,825
2,864
2,86422,8251,5413,3212,7212,1684,4833,5792,5481,8741,1982,3461,7031,2869392,1364764765371,7941,4561,0437171,1351,4979751,4211,039
       Other Current Liabilities 
0
0
0
0
502
805
1,105
848
1,092
537
476
476
872
915
889
981
841
998
808
1,026
1,094
647
1,663
1,705
1,189
342
30
0
0303421,1891,7051,6636471,0941,0268089988419818899158724764765371,0928481,1058055020000
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
51,094
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000000051,094000000000
> Total Stockholder Equity
318,505
320,677
311,758
318,628
326,042
332,517
333,015
338,030
345,179
355,527
363,553
367,538
354,673
334,379
334,295
335,013
320,522
329,616
340,486
342,080
347,677
351,194
347,047
330,288
363,074
457,556
473,419
495,751
495,751473,419457,556363,074330,288347,047351,194347,677342,080340,486329,616320,522335,013334,295334,379354,673367,538363,553355,527345,179338,030333,015332,517326,042318,628311,758320,677318,505
   Common Stock
382,182
382,182
382,182
382,182
382,182
382,182
382,182
382,182
382,182
382,182
382,182
382,182
382,182
382,182
382,182
382,182
382,182
382,182
382,182
382,182
381,127
381,127
378,563
378,563
378,563
378,563
372,129
0
0372,129378,563378,563378,563378,563381,127381,127382,182382,182382,182382,182382,182382,182382,182382,182382,182382,182382,182382,182382,182382,182382,182382,182382,182382,182382,182382,182
   Retained Earnings 
-73,660
-71,721
-81,198
-74,914
-68,085
-62,187
-62,274
-57,850
-51,292
-41,215
-33,420
-29,669
-42,768
-63,124
-63,270
-62,615
-77,168
-68,074
-57,204
-55,610
-48,958
-45,441
-47,024
-63,783
-30,997
63,485
94,844
117,919
117,91994,84463,485-30,997-63,783-47,024-45,441-48,958-55,610-57,204-68,074-77,168-62,615-63,270-63,124-42,768-29,669-33,420-41,215-51,292-57,850-62,274-62,187-68,085-74,914-81,198-71,721-73,660
   Accumulated Other Comprehensive Income 0000000000000000000000000000
   Capital Surplus 0000000000000000000000000000
   Treasury Stock0000000000000000000000000000



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


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

Gross Profit (+$)
totalRevenue192,763
Cost of Revenue--
Gross Profit-192,763
 
Operating Income (+$)
Gross Profit-
Operating Expense--
Operating Income-0
 
Operating Expense (+$)
Research Development-
Selling General Administrative2,112
Selling And Marketing Expenses-
Operating Expense-2,112
 
Net Interest Income (+$)
Interest Income2,548
Interest Expense-1,476
Other Finance Cost-0
Net Interest Income1,072
 
Pretax Income (+$)
Operating Income-
Net Interest Income1,072
Other Non-Operating Income Expenses-
Income Before Tax (EBT)181,6730
EBIT - interestExpense = -1,476
181,702
183,178
Interest Expense1,476
Earnings Before Interest and Taxes (EBIT)-183,149
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax181,673
Tax Provision--29
Net Income From Continuing Ops181,702181,702
Net Income181,702
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net--1,072
 

Technical Analysis of Westaim
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 Westaim. The general trend of Westaim is BULLISH with 28.6% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Westaim's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (28.6%) Bearish trend (-28.6%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Westaim Corp.

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

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

The bullish price targets are: 3.75 < 3.76 < 3.79.

The bearish price targets are: 3.7 > 3.7 > 3.53.

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Westaim Corp 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 Westaim Corp. The current mas is .

The long score for the Moving Averages is 9/14.
The longshort score for the Moving Averages is 4/(-14 +14).

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

Westaim Corp 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 Westaim Corp. The current macd is 0.02894919.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-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 Westaim price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Westaim. 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 Westaim 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 down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Westaim Corp Daily Moving Average Convergence/Divergence (MACD) ChartWestaim Corp 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 Westaim Corp. The current adx is 21.39.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Westaim shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Westaim Corp 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 Westaim Corp. The current sar is 3.49691009.

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
Westaim Corp 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 Westaim Corp. The current rsi is 59.67. 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 3/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
Westaim Corp Daily Relative Strength Index (RSI) ChartWestaim Corp 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 Westaim Corp. The current phase is Continuation in bull market.

The long score for the Stochastic Oscillator is 1/6.
The longshort score for the Stochastic Oscillator is -2/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • 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 Westaim price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Westaim Corp Daily Stochastic Oscillator ChartWestaim Corp 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 Westaim Corp. The current cci is 59.65.

Westaim Corp Daily Commodity Channel Index (CCI) ChartWestaim Corp 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 Westaim Corp. The current cmo is 21.74.

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
Westaim Corp Daily Chande Momentum Oscillator (CMO) ChartWestaim Corp 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 Westaim Corp. The current willr is -26.08695652.

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

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Westaim is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Westaim Corp Daily Williams %R ChartWestaim Corp 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 Westaim Corp.

Westaim Corp 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 Westaim Corp. The current atr is 0.05641285.

Westaim Corp Daily Average True Range (ATR) ChartWestaim Corp 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 Westaim Corp. The current obv is 15,859,489.

Westaim Corp Daily On-Balance Volume (OBV) ChartWestaim Corp 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 Westaim Corp. The current mfi is 56.94.

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
Westaim Corp Daily Money Flow Index (MFI) ChartWestaim Corp Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Westaim Corp.

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
2023-11-07MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-09STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-10STOCH 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.
2023-11-13STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-14STOCH 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.
2023-11-15STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-20STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-24STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-28STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-29WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-30STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-04STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-06MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-08SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-11STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-12DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-12-13STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-21STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-22STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-12-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-28CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-29BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-02STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-03STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-01-05STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-09STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-10STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-15ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-16STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-19SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-22SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-23STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-26DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-01-29DMI 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.
2024-01-30CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-12STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-13WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-16SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-22DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-23CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-02-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-28CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-29DMI 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 SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-04STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-07MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-03-12MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-14CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-15MACD 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
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-19DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-20STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-21STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-22RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-03-25STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-28DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.

6.3. Candlestick Patterns

Westaim Corp Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Westaim Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5059.666
Ma 20Greater thanMa 503.638
Ma 50Greater thanMa 1003.623
Ma 100Greater thanMa 2003.706
OpenGreater thanClose3.680
Total3/5 (60.0%)
Penke

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