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HALAL TRADING ROOM Sharia-screened signals
TERMINAL
NC

NCEWStock

Nasdaq Capital Market · Industrials · HK

$16.52 last close 2026-11-02
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Price alert

Verdicts genuinely change. Free email alert the moment NCEW's does — no target price to set, unlike a price alert.

Sharia status
NOT COMPLIANT
Per our in-house ratio engine
3 of 7 pass our own screen — the standards disagree
Purification 0.00% *HTR non-permissible income <0.01%
🕌Open research, not a fatwa — verify with your own scholar.

Trade setup

Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.

SEPARATE FROM SHARIAH
No trade setup shown — a stock that isn't cleanly Sharia-compliant never gets a bullish verdict here.

Why this signal?

The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.

Structure0 of 1 timeframes bullish · 100.0% aligned
VWAPPrice below VWAP ($17.32)
Momentum10-day rate of change -4.1%

NCEW is currently considered not halal (non-compliant), per our in-house ratio engine. 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.

631 other Industrials stocks pass this same screen. See compliant Industrials stocks →

Market & analysts
Institutional own.
0.0%
of shares
Momentum (10d)
-4.1%
rate of change
SMC grade
C · 53
100.0% aligned
0.00% *
Purification ratio (secondary provider, uncertain)
<0.01%
Non-permissible income — HTR, from filings (2025-09-30)
C · 53
SMC grade — 100.0% timeframe alignment
-4.1%
Rate of change (10d)
0.0%
Institutional ownership

🕌 In-house Compliance Research

Computed from published company financials, balance sheet as of 2025-09-30. These ratios come from the issuer's own published statements rather than structured SEC data.

Business activity: cleared (no excluded categories detected)

AAOIFI Pass 3 of 3 ratios pass
RatioValueThresholdResult
Interest-bearing debt 0.84% 30.00% Pass
Interest-bearing investments 1.24% 30.00% Pass
Non-permissible income 0.00% 5.00% Pass
Usmani Fail 3 of 4 ratios pass
RatioValueThresholdResult
Interest-bearing debt 3.91% 33.00% Pass
Interest-bearing investments 4.45% 33.00% Pass
Non-liquid assets 14.58% at least 20.00% Fail
Non-permissible income 0.00% 5.00% Pass
MSCI Fail 3 of 4 ratios pass
RatioValueThresholdResult
Interest-bearing debt 3.02% 33.33% Pass
Cash + interest-bearing securities 4.45% 33.33% Pass
Accounts receivable 85.42% 33.33% Fail
Non-permissible income 0.00% 5.00% Pass
FTSE Fail 3 of 4 ratios pass
RatioValueThresholdResult
Interest-bearing debt 0.00% 33.33% Pass
Cash + interest-bearing securities 4.45% 33.33% Pass
Accounts receivable 85.42% 50.00% Fail
Non-permissible income 0.00% 5.00% Pass
Dow Jones Islamic Market Fail 3 of 4 ratios pass

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 1.30% 33.00% Pass
Cash + interest-bearing securities 1.91% 33.00% Pass
Accounts receivable 34.85% 33.00% Fail
Non-permissible income 0.00% 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.

How close is it to flipping?

Every current reading against its own line, closest first. A verdict is only as durable as that distance.

AAOIFI Standard 21 (% of market cap)non permissible income ratio 5.0pts
Usmani (% of total assets)non permissible income ratio 5.0pts
Dow Jones Islamic Market (% of 24-mo avg market cap)non permissible income ratio 5.0pts
MSCI Islamic Index (% of total assets)receivables ratio 52.1pts
FTSE Shariah Global Equity Index Series (% of total assets)receivables ratio 35.4pts
Usmani (% of total assets)nonliquid assets ratio · floor 5.4pts

The numbers the ratios are built from

Read from NCEW's own filings. Every percentage on this page is one of these lines divided by another, so the inputs are shown rather than asserted.

LineFigureAs reportedRead from
RevenueTotal revenue for the period $44.1M 2025-09-30 RevenueFromContractWithCustomerExcludingAssessedTax
Interest-bearing debtShort and long-term borrowings $0 2025-09-30 no debt tag reported in 3+ years (treated as $0)
Cash and interest-bearing securitiesCash, equivalents and marketable securities $645.9K 2025-09-30 CashAndCashEquivalentsAtCarryingValue
Total assetsBalance sheet total $14.5M 2025-09-30 Assets
Market capDenominator for AAOIFI $52.0M live quote price x shares
36-month average market capDenominator for S&P Shariah and MSCI M-Series not measured — —
24-month average market capDenominator for Dow Jones Islamic Market $31.3M 504 trading days closes x shares
Non-permissible revenueInterest and excluded income $647 2025-09-30 InvestmentIncomeInterest

Two dates, not one: a balance-sheet line and an income-statement line cover different windows by design, so each figure carries its own.

What changed, and when

Verdict history for NCEW. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.

  • 2026-09-07 No change recorded No verdict change for NCEW has been recorded since tracking began. The scan ledger records that the compliance detectors ran, not which symbols each pass covered.

ℹ️ no compliance scan has run for 6 days - this is not a reading of today

20.7016.2811.867.433.012025-11-102026-05-122026-11-06

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Support & Resistance

Not enough completed daily bars to compute pivots.

Price Forecast

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 below. 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.

7-day expected range
16.46 – 18.80
±6.62% from 17.63, made 2026-09-26 · resolves 2026-10-03
STRONG BUY
from 19 indicators
61.9% of our last 5789 forecasts — across every instrument we forecast, not just this one — landed inside their stated range, and 49.9% called the direction correctly.

Technical Summary

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.

STRONG SELL
19 indicators
OscillatorsSELL
2 buy · 2 neutral · 3 sell
Moving averagesSTRONG SELL
2 buy · 0 neutral · 10 sell
Every indicator, and what it reads
IndicatorValueSignal
RSI (14)36.80NEUTRAL
Stochastic %K (14)0.00BUY
CCI (20)-80.81NEUTRAL
Williams %R (14)-100.00BUY
MACD (12,26,9)-0.04SELL
ROC (10)-3.76SELL
Momentum (10)-0.65SELL
EMA (10)16.72SELL
SMA (10)16.84SELL
EMA (20)16.84SELL
SMA (20)16.82SELL
EMA (30)16.92SELL
SMA (30)16.92SELL
EMA (50)17.00SELL
SMA (50)17.17SELL
EMA (100)16.59SELL
SMA (100)17.17SELL
EMA (200)13.95BUY
SMA (200)14.90BUY

About NCEW

Industrials · Integrated Freight & Logistics

New Century Logistics (BVI) Limited, through its subsidiaries, provides freight forwarding services in Hong Kong. The company offers air and ocean export and import freight forwarding services, including cargo space and pick up, off-airport air cargo security screening, palletization, preparation of shipping documentation, arrangement of customs clearance, and cargo handling at ports; and consultancy services. It is also involved in the provision of ancillary logistics services comprising warehousing and distribution services, such as storage, inventory management, stock take, access to warehousing management systems, pick and pack, labeling, and repackaging services, as well as loading and unloading services; X-ray; and gate charge services. New Century Logistics (BVI) Limited was founded in 2002 and is headquartered in Kwun Tong, Hong Kong.

nclogistics.com.hk ↗

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

Grade verdict

Average — needs more confirmation before sizing up

SMC — Top Down

Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.

TimeframeBiasBars
📅 Daily BEARISH 15

Momentum & Volume

Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.

-4.1%
Rate of change (10d)

Peer Movement

How the rest of the sector moved over the same window. Context for a price move, never a cause of one.

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

Before you act on this

The questions worth asking about any verdict on this page, answered plainly.

Is this a fatwa?

No. HTR applies published screening standards to a company's own filings and shows the result under each one. It is research, not a religious ruling. For a ruling that applies to you, ask a qualified scholar.

Why can the standards disagree?

Because they measure different things. Some divide interest-bearing debt by market cap, others by total assets, and the thresholds differ too. The same filing can clear one line and cross another. HTR shows every verdict rather than averaging them into one label.

How often is this re-screened?

Ratios are recomputed when a new filing lands, and the whole watchlist is re-screened on a rolling basis. The date on the verdict above is the last time this symbol was actually recomputed, not the last time the page was built.

Do I need to purify dividends?

If a company earns some non-permissible income, many scholars hold that the same share of any dividend should be given away. The non-permissible income figure above is the number that calculation starts from — the purification calculator finishes it, showing the filing figures behind the ratio and both the proportional and the AAOIFI per-share convention.

Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.

Compare with

Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.

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

Insider Activity (90d)

Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.

NO DATA   0 buys · 0 sells

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

The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.

NEUTRAL   report date 2026-11-03 · Asset managers net 928584 (+5135)

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.