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HALAL TRADING ROOM Sharia-screened signals
TERMINAL
KG

KGN.WA

$70.30
Sharia status
NOT COMPLIANT
Per In-house ratio engine · assessed 2026-08-27
HTR non-permissible income 1.61%
🕌Open research, not a fatwa — verify with your own scholar.
Trade setup SEPARATE FROM SHARIAH
No trade setup shown — a stock that isn't cleanly Sharia-compliant never gets a bullish verdict here.

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A. (KGN.WA) is currently considered not halal (non-compliant), per In-house ratio engine (last assessed 2026-08-27). See the full ratio breakdown and business-activity screen below for the reasoning.

⚠️ Financial ratios are only half the screen. A company whose core business is in an excluded sector — weapons/defense, alcohol, gambling, conventional (interest-based) finance, tobacco, pork, or adult entertainment — is non-compliant even if every debt and income ratio passes. So passing ratios below don't override this verdict; check the business-activity screen for the reason.

Market & analysts
Institutional own.
19.5%
of shares
NON-COMPLIANT
Sharia compliance
1.61%
Non-permissible income — HTR, from filings (2025-12-31)
19.5%
Institutional ownership

🕌 In-house Compliance Research

Computed from published company financials, balance sheet as of 2025-12-31. KGN.WA files no SEC reports, so these ratios come from the issuer's own published statements rather than XBRL.

Business activity: cleared (no excluded categories detected)

AAOIFI Fail

RatioValueThresholdResult
Interest-bearing debt 39.73% 30.00% Fail
Interest-bearing investments 0.27% 30.00% Pass
Non-permissible income 1.61% 5.00% Pass

Usmani Pass

RatioValueThresholdResult
Interest-bearing debt 10.74% 33.00% Pass
Interest-bearing investments 0.06% 33.00% Pass
Non-liquid assets 95.73% at least 20.00% Pass
Non-permissible income 1.61% 5.00% Pass

MSCI Pass

RatioValueThresholdResult
Interest-bearing debt 8.78% 33.33% Pass
Cash + interest-bearing securities 0.06% 33.33% Pass
Accounts receivable 4.27% 33.33% Pass
Non-permissible income 1.61% 5.00% Pass

FTSE Pass

RatioValueThresholdResult
Interest-bearing debt 8.78% 33.33% Pass
Cash + interest-bearing securities 0.06% 33.33% Pass
Accounts receivable 4.27% 50.00% Pass
Non-permissible income 1.61% 5.00% Pass

Dow Jones Islamic Market Fail

Scored against a trailing-average market cap (24-month), share-weighted by the issuer's own reported share counts — not today's market cap.

RatioValueThresholdResult
Interest-bearing debt 44.70% 33.00% Fail
Cash + interest-bearing securities 0.31% 33.00% Pass
Accounts receivable 21.45% 33.00% Pass
Non-permissible income 1.61% 5.00% Pass

S&P Shariah Fail

Scored against a trailing-average market cap (36-month), share-weighted by the issuer's own reported share counts — not today's market cap.

RatioValueThresholdResult
Interest-bearing debt 47.82% 33.00% Fail
Cash + interest-bearing securities 0.33% 49.00% Pass
Accounts receivable 22.95% 49.00% Pass
Non-permissible income 1.61% 5.00% Pass

MSCI M-Series Fail

Scored against a trailing-average market cap (36-month), share-weighted by the issuer's own reported share counts — not today's market cap.

RatioValueThresholdResult
Interest-bearing debt 47.82% 33.33% Fail
Cash + interest-bearing securities 0.33% 33.33% Pass
Accounts receivable 23.27% 49.00% Pass
Non-permissible income 1.61% 5.00% Pass

Research only, not investment advice. Thresholds are each standard-setter's published limits; a ratio marked “at least” is a floor, not a ceiling.

83.6076.8270.0563.2756.502025-09-112026-03-162026-09-11

Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset

Support & Resistance
S3
68.00
S2
69.00
S1
69.50
PIVOT
70.50
R1
71.00
R2
72.00
R3
72.50

Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.

Price Forecast

7-day expected range
64.5006 75.4994
±7.86% from 70, made 2026-09-10 · resolves 2026-09-17
BUY
from 19 indicators
Not enough resolved predictions yet — 0 of 10 needed before we publish an accuracy figure. 22142 forecast(s) are currently open and will be scored automatically when their horizon expires.

The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally above. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.

Technical Summary

STRONG BUY
19 indicators
OscillatorsSTRONG BUY
3 buy · 4 neutral · 0 sell
Moving averagesSTRONG BUY
8 buy · 0 neutral · 4 sell
Every indicator, and what it reads
IndicatorValueSignal
RSI (14)53.50NEUTRAL
Stochastic %K (14)63.79NEUTRAL
CCI (20)72.45NEUTRAL
Williams %R (14)-36.21NEUTRAL
MACD (12,26,9)0.33BUY
ROC (10)1.30BUY
Momentum (10)0.90BUY
EMA (10)70.06BUY
SMA (10)69.97BUY
EMA (20)69.64BUY
SMA (20)68.98BUY
EMA (30)69.70BUY
SMA (30)68.95BUY
EMA (50)70.34SELL
SMA (50)69.85BUY
EMA (100)71.35SELL
SMA (100)73.45SELL
EMA (200)70.04BUY
SMA (200)72.75SELL

Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.

About Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.

Utilities · Utilities - Regulated Electric

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A. engages in the production of electricity and heat in Poland. It is also involved in the wholesale and retail sale of electricity, heat, and power industry products and services. The company was incorporated in 2001 and is based in Wroclaw, Poland. Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A. operates as a subsidiary of PGE Energia Ciepla S.A.

kogeneracja.com.pl ↗

Background via Yahoo Finance — informational, not part of the verdict.

SMC — Top Down

Not enough price history yet for a smart-money structure read on any timeframe.

Momentum & Volume

Peer Movement

Peer movement computing — it will appear here on its own.

Insider Activity (90d)

NO DATA   0 buys · 0 sells

COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE

NEUTRAL   report date 2026-09-01 · Asset managers net 934180 (-19048)

AI Summary

Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.

Tell us what's working, what's confusing, or what you want to see next — read by a real person, not a form that goes nowhere.