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Carlsberg A/S B
Buy, Hold or Sell?

Let's analyse Carlsberg A/S B together

PenkeI guess you are interested in Carlsberg A/S B. 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 Carlsberg A/S B. 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 Carlsberg A/S B (30 sec.)










What can you expect buying and holding a share of Carlsberg A/S B? (30 sec.)

What is your share worth?

Current worth
kr0.00
Expected worth in 1 year
kr0.00
How sure are you?

+ What do you gain per year?

Total Gains per Share
kr0.00
Return On Investment
0.0%

For what price can you sell your share?

Current Price per Share
kr946.10
Expected price per share
kr801.82 - kr945.56
How sure are you?
50%

1. Valuation of Carlsberg A/S B (5 min.)




Live pricePrice per Share (EOD)

kr946.10

2. Growth of Carlsberg A/S B (5 min.)




Is Carlsberg A/S B growing?

Current yearPrevious yearGrowGrow %
How rich?$6.3b$6.3b0.000.0%

How much money is Carlsberg A/S B making?

Current yearPrevious yearGrowGrow %
Making money-$154.1m$992.6m-$1.1b-744.0%
Net Profit Margin0.0%10.3%--

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

3. Financial Health of Carlsberg A/S B (5 min.)




What can you expect buying and holding a share of Carlsberg A/S B? (5 min.)

Welcome investor! Carlsberg A/S B's management wants to use your money to grow the business. In return you get a share of Carlsberg A/S B.

What can you expect buying and holding a share of Carlsberg A/S B?

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

Speculation

The Price per Share of Carlsberg A/S B is kr946.10. 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 Carlsberg A/S B.
  • 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 Carlsberg A/S B, 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 kr0.00.
  • 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 historical numbers we can estimate the returns while holding a share of Carlsberg A/S B.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 kr% of Price per Sharekr% of Price per Sharekr% of Price per Sharekr% of Price per Sharekr% of Price per Share
Usd Eps0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Book Value Change Per Share
Usd Dividend Per Share
Usd Total Gains Per Share
Usd Price Per Share133.86-133.86-160.31-136.19-131.51-
Price to Earnings Ratio0.00-0.00-0.00-0.00-0.00-
Price-to-Total Gains Ratio
Price to Book Ratio0.00-0.00-0.00-0.00-0.00-
Price-to-Total Gains Ratio

When do you get the money?

Usd Investment
$.00
Usd Price Per Share137.1845
Number of shares7
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share--
Usd Book Value Change Per Share--
Usd Total Gains Per Share--
Gains per Quarter (7 shares)--
Gains per Year (7 shares)--
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1---10---10
2---10---10
3---10---10
4---10---10
5---10---10
6---10---10
7---10---10
8---10---10
9---10---10
10---10---10

Fundamentals of Carlsberg A/S B

About Carlsberg A/S B

Carlsberg A/S produces and sells beer and other beverage products in Denmark, China, the United Kingdom, and internationally. The company offers core, craft, and specialty beers; soft drinks; and alcohol-free brews under various brands. The company was founded in 1847 and is headquartered in Copenhagen, Denmark.

Fundamental data was last updated by Penke on 2024-03-26 20:52:02.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable 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 able to pay all its debts by selling its assets.
The company is just able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry

1.1. Profitability of Carlsberg A/S B.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Carlsberg A/S B earns for each kr1 of revenue.

  • Above 10% is considered healthy but always compare Carlsberg A/S B to the  industry mean.
  • A Net Profit Margin of 0.0% means that kr0.00 for each kr1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Carlsberg A/S B:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY10.3%-10.3%
TTM-5Y7.8%-7.8%
5Y7.8%10Y6.9%+1.0%
1.1.2. Return on Assets

Shows how efficient Carlsberg A/S B is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Carlsberg A/S B to the  industry mean.
  • -0.8% Return on Assets means that Carlsberg A/S B generated kr-0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Carlsberg A/S B:

  • The MRQ is -0.8%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -0.8%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-0.8%TTM-0.8%0.0%
TTM-0.8%YOY5.4%-6.3%
TTM-0.8%5Y3.9%-4.7%
5Y3.9%10Y3.4%+0.5%
1.1.3. Return on Equity

Shows how efficient Carlsberg A/S B is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Carlsberg A/S B to the  industry mean.
  • -2.4% Return on Equity means Carlsberg A/S B generated kr-0.02 for each kr1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Carlsberg A/S B:

  • The MRQ is -2.4%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -2.4%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-2.4%TTM-2.4%0.0%
TTM-2.4%YOY15.6%-18.0%
TTM-2.4%5Y11.1%-13.5%
5Y11.1%10Y9.7%+1.4%

1.2. Operating Efficiency of Carlsberg A/S B.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Carlsberg A/S B is operating .

  • Measures how much profit Carlsberg A/S B makes for each kr1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Carlsberg A/S B to the  industry mean.
  • An Operating Margin of 0.0% means the company generated kr0.00  for each kr1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Carlsberg A/S B:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY14.4%-14.4%
TTM-5Y12.0%-12.0%
5Y12.0%10Y10.0%+2.0%
1.2.2. Operating Ratio

Measures how efficient Carlsberg A/S B is keeping operating costs low.

  • Below 1 is considered healthy (always compare to  industry mean).
  • An Operation Ratio of 0.00 means that the operating costs are kr0.00 for each kr1 in net sales.

Let's take a look of the Operating Ratio trends of Carlsberg A/S B:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY0.530-0.530
TTM-5Y0.410-0.410
5Y0.41010Y0.425-0.015

1.3. Liquidity of Carlsberg A/S B.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Carlsberg A/S B is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to  industry mean).
  • A Current Ratio of 0.70 means the company has kr0.70 in assets for each kr1 in short-term debts.

Let's take a look of the Current Ratio trends of Carlsberg A/S B:

  • The MRQ is 0.703. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.703. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.703TTM0.7030.000
TTM0.703YOY0.534+0.169
TTM0.7035Y0.593+0.109
5Y0.59310Y0.596-0.003
1.3.2. Quick Ratio

Measures if Carlsberg A/S B is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Carlsberg A/S B to the  industry mean.
  • A Quick Ratio of 0.16 means the company can pay off kr0.16 for each kr1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Carlsberg A/S B:

  • The MRQ is 0.160. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.160. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.160TTM0.1600.000
TTM0.160YOY0.383-0.223
TTM0.1605Y0.353-0.193
5Y0.35310Y0.348+0.005

1.4. Solvency of Carlsberg A/S B.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Carlsberg A/S B assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Carlsberg A/S B to industry mean.
  • A Debt to Asset Ratio of 0.65 means that Carlsberg A/S B assets are financed with 65.2% credit (debt) and the remaining percentage (100% - 65.2%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Carlsberg A/S B:

  • The MRQ is 0.652. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.652. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.652TTM0.6520.000
TTM0.652YOY0.6520.000
TTM0.6525Y0.647+0.005
5Y0.64710Y0.638+0.010
1.4.2. Debt to Equity Ratio

Measures if Carlsberg A/S B is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Carlsberg A/S B to the  industry mean.
  • A Debt to Equity ratio of 187.6% means that company has kr1.88 debt for each kr1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Carlsberg A/S B:

  • The MRQ is 1.876. The company is just able to pay all its debts with equity.
  • The TTM is 1.876. The company is just able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ1.876TTM1.8760.000
TTM1.876YOY1.8760.000
TTM1.8765Y1.841+0.035
5Y1.84110Y1.773+0.068

2. Market Valuation of Carlsberg A/S B

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every kr1 in earnings Carlsberg A/S B generates.

  • Above 15 is considered overpriced but always compare Carlsberg A/S B to the  industry mean.
  • A PE ratio of 0.00 means the investor is paying kr0.00 for every kr1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Carlsberg A/S B:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY-0.000
TTM-5Y-0.000
5Y-10Y-0.000
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Carlsberg A/S B:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY-0.000
TTM-5Y-0.000
5Y-10Y-0.000
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Carlsberg A/S B is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to industry mean).
  • A PB ratio of 0.00 means the investor is paying kr0.00 for each kr1 in book value.

Let's take a look of the Price to Book Ratio trends of Carlsberg A/S B:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY-0.000
TTM-5Y-0.000
5Y-10Y-0.000
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Carlsberg A/S B compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Per Share----0%-0%-0%-0%
Current Ratio--0.7030.7030%0.534+32%0.593+18%0.596+18%
Debt To Asset Ratio--0.6520.6520%0.6520%0.647+1%0.638+2%
Debt To Equity Ratio--1.8761.8760%1.8760%1.841+2%1.773+6%
Eps----0%-0%-0%-0%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Market Cap----0%-0%-0%-0%
Net Profit Margin----0%0.103-100%0.078-100%0.069-100%
Operating Margin----0%0.144-100%0.120-100%0.100-100%
Operating Ratio----0%0.530-100%0.410-100%0.425-100%
Pb Ratio----0%-0%-0%-0%
Pe Ratio----0%-0%-0%-0%
Price Per Share946.100+2%923.200923.2000%1105.576-16%939.275-2%906.979+2%
Price To Free Cash Flow Ratio----0%-0%-0%-0%
Quick Ratio--0.1600.1600%0.383-58%0.353-55%0.348-54%
Return On Assets---0.008-0.0080%0.054-116%0.039-122%0.034-124%
Return On Equity---0.024-0.0240%0.156-116%0.111-122%0.097-125%
Usd Book Value--6371445000.0006371445000.0000%6371445000.0000%6262289000.000+2%6352715833.333+0%
Usd Book Value Per Share----0%-0%-0%-0%
Usd Eps----0%-0%-0%-0%
Usd Free Cash Flow--1294995000.0001294995000.0000%1214375000.000+7%1146051000.000+13%1143083333.333+13%
Usd Market Cap----0%-0%-0%-0%
Usd Price Per Share137.185+2%133.864133.8640%160.308-16%136.195-2%131.512+2%
Usd Profit---154135000.000-154135000.0000%992670000.000-116%687039000.000-122%602958333.333-126%
Usd Revenue----0%9661930000.000-100%7353820000.000-100%7594012500.000-100%
 EOD+1 -1MRQTTM+0 -0YOY+4 -85Y+5 -1010Y+5 -10

3.2. Fundamental Score

Let's check the fundamental score of Carlsberg A/S B based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Net Profit Margin (MRQ)Greater than00.000
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.160
Current Ratio (MRQ)Greater than10.703
Debt to Asset Ratio (MRQ)Less than10.652
Debt to Equity Ratio (MRQ)Less than11.876
Return on Equity (MRQ)Greater than0.15-0.024
Return on Assets (MRQ)Greater than0.05-0.008
Total1/8 (12.5%)

3.3. Technical Score

Let's check the technical score of Carlsberg A/S B based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5057.687
Ma 20Greater thanMa 50934.262
Ma 50Greater thanMa 100924.952
Ma 100Greater thanMa 200885.492
OpenGreater thanClose946.100
Total3/5 (60.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2018-12-312019-12-312020-12-312021-12-312022-12-31
Net Income Applicable to Common Shares  5,309,0001,260,0006,569,000-539,0006,030,000816,0006,846,000-7,909,000-1,063,000



Latest Balance Sheet

Balance Sheet of 2022-12-31. Currency in DKK. All numbers in thousands.

Summary
 As reported
Total Liabilities 0
Total Stockholder Equity+ 0
Total Assets = 0

Assets

Total Assets0
Total Current Assets34,249,000
Long-term Assets0
Total Current Assets
Net Receivables 7,786,000
Inventory 5,718,000
Other Current Assets 11,618,000
Total Current Assets  (as reported)34,249,000
Total Current Assets  (calculated)25,122,000
+/- 9,127,000
Long-term Assets
Property Plant Equipment 23,679,000
Long-term Assets  (as reported)0
Long-term Assets  (calculated)23,679,000
+/- 23,679,000

Liabilities & Shareholders' Equity

Total Current Liabilities48,747,000
Long-term Liabilities0
Total Stockholder Equity0
Total Current Liabilities
Accounts payable 21,917,000
Other Current Liabilities 21,049,000
Total Current Liabilities  (as reported)48,747,000
Total Current Liabilities  (calculated)42,966,000
+/- 5,781,000
Long-term Liabilities
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)0
+/-0
Total Stockholder Equity
Common Stock2,837,000
Retained Earnings 70,776,000
Other Stockholders Equity -41,711,000
Total Stockholder Equity (as reported)0
Total Stockholder Equity (calculated)31,902,000
+/- 31,902,000
Other
Net Tangible Assets -17,321,000
Net Working Capital -14,498,000



Balance Sheet

Currency in DKK. All numbers in thousands.

 Trend2022-12-312021-12-312020-12-312019-12-312018-12-312017-12-31
> Total Assets 
114,251,000
117,700,000
123,063,000
118,816,000
126,383,000
0
0126,383,000118,816,000123,063,000117,700,000114,251,000
   > Total Current Assets 
15,252,000
18,086,000
17,948,000
18,996,000
23,091,000
34,249,000
34,249,00023,091,00018,996,00017,948,00018,086,00015,252,000
       Cash And Cash Equivalents 
3,462,000
5,589,000
5,222,000
8,093,000
8,344,000
0
08,344,0008,093,0005,222,0005,589,0003,462,000
       Net Receivables 
4,611,000
7,222,000
7,199,000
5,521,000
8,236,000
7,786,000
7,786,0008,236,0005,521,0007,199,0007,222,0004,611,000
       Inventory 
3,834,000
4,435,000
4,751,000
4,613,000
5,391,000
5,718,000
5,718,0005,391,0004,613,0004,751,0004,435,0003,834,000
   > Long-term Assets 000000
       Property Plant Equipment 
24,325,000
25,394,000
27,607,000
26,299,000
26,648,000
23,679,000
23,679,00026,648,00026,299,00027,607,00025,394,00024,325,000
       Goodwill 
50,497,000
50,929,000
53,130,000
50,492,000
0
0
0050,492,00053,130,00050,929,00050,497,000
       Intangible Assets 
17,296,000
15,939,000
16,897,000
15,569,000
68,475,000
0
068,475,00015,569,00016,897,00015,939,00017,296,000
> Total Liabilities 
67,321,000
72,398,000
79,614,000
79,508,000
82,442,000
0
082,442,00079,508,00079,614,00072,398,00067,321,000
   > Total Current Liabilities 
25,066,000
34,481,000
33,311,000
28,449,000
43,282,000
48,747,000
48,747,00043,282,00028,449,00033,311,00034,481,00025,066,000
       Accounts payable 
0
16,199,000
17,149,000
16,598,000
20,642,000
21,917,000
21,917,00020,642,00016,598,00017,149,00016,199,0000
       Other Current Liabilities 
0
11,049,000
12,050,000
10,892,000
16,473,000
21,049,000
21,049,00016,473,00010,892,00012,050,00011,049,0000
   > Long-term Liabilities 000000
       Other Liabilities 
0
18,580,000
22,839,000
17,714,000
11,590,000
9,007,000
9,007,00011,590,00017,714,00022,839,00018,580,0000
> Total Stockholder Equity
46,930,000
45,302,000
43,449,000
39,308,000
43,941,000
0
043,941,00039,308,00043,449,00045,302,00046,930,000
   Common Stock
3,051,000
3,051,000
3,051,000
2,963,000
2,905,000
2,837,000
2,837,0002,905,0002,963,0003,051,0003,051,0003,051,000
   Retained Earnings 
77,362,000
79,088,000
74,049,000
77,169,000
80,283,000
70,776,000
70,776,00080,283,00077,169,00074,049,00079,088,00077,362,000
   Capital Surplus 000000
   Treasury Stock000000
   Other Stockholders Equity -41,711,000-37,691,000-40,824,000-33,651,000-36,837,000-33,483,000



Balance Sheet

Currency in DKK. All numbers in thousands.




Cash Flow

Currency in DKK. All numbers in thousands.




Income Statement

Currency in DKK. All numbers in thousands.


Latest Income Statement (annual, 2022-12-31)

Gross Profit (+$)
totalRevenue0
Cost of Revenue-0
Gross Profit00
 
Operating Income (+$)
Gross Profit0
Operating Expense-0
Operating Income00
 
Operating Expense (+$)
Research Development0
Selling General Administrative0
Selling And Marketing Expenses0
Operating Expense00
 
Net Interest Income (+$)
Interest Income0
Interest Expense-0
Other Finance Cost-0
Net Interest Income0
 
Pretax Income (+$)
Operating Income0
Net Interest Income0
Other Non-Operating Income Expenses0
Income Before Tax (EBT)00
EBIT - interestExpense = 10,405,000
1,778,000
0
Interest Expense0
Earnings Before Interest and Taxes (EBIT)10,405,0000
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax0
Tax Provision-0
Net Income From Continuing Ops00
Net Income0
Net Income Applicable To Common Shares-1,063,000
 
Non-recurring Events
Discontinued Operations-8,075,000
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses58,000
Total Other Income/Expenses Net00
 

Technical Analysis of Carlsberg A/S B
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 Carlsberg A/S B. The general trend of Carlsberg A/S B is BULLISH with 42.9% 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 Carlsberg A/S B'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 (42.9%) Bearish trend (-42.9%)
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 Carlsberg A/S B.

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

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

The bullish price targets are: 913.40 < 935.06 < 945.56.

The bearish price targets are: 850.33 > 829.67 > 801.82.

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Carlsberg A/S B 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 Carlsberg A/S B. The current mas is .

The long score for the Moving Averages is 10/14.
The longshort score for the Moving Averages is 6/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -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 lower 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 lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -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

Carlsberg A/S B 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 Carlsberg A/S B. The current macd is 1.89228064.

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 Carlsberg A/S B price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Carlsberg A/S B. 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 Carlsberg A/S B 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
Carlsberg A/S B Daily Moving Average Convergence/Divergence (MACD) ChartCarlsberg A/S B 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 Carlsberg A/S B. The current adx is 20.02.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-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 Carlsberg A/S B shares, leading to potential upward 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.
Carlsberg A/S B 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 Carlsberg A/S B. The current sar is 906.55.

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
Carlsberg A/S B 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 Carlsberg A/S B. The current rsi is 57.69. 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
Carlsberg A/S B Daily Relative Strength Index (RSI) ChartCarlsberg A/S B 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 Carlsberg A/S B. 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 Carlsberg A/S B price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Carlsberg A/S B Daily Stochastic Oscillator ChartCarlsberg A/S B 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 Carlsberg A/S B. The current cci is 75.65.

Carlsberg A/S B Daily Commodity Channel Index (CCI) ChartCarlsberg A/S B 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 Carlsberg A/S B. The current cmo is 21.20.

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
Carlsberg A/S B Daily Chande Momentum Oscillator (CMO) ChartCarlsberg A/S B 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 Carlsberg A/S B. The current willr is -10.99137931.

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
Carlsberg A/S B Daily Williams %R ChartCarlsberg A/S B 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 Carlsberg A/S B.

Carlsberg A/S B 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 Carlsberg A/S B. The current atr is 16.85.

Carlsberg A/S B Daily Average True Range (ATR) ChartCarlsberg A/S B 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 Carlsberg A/S B. The current obv is 2,458,744.

Carlsberg A/S B Daily On-Balance Volume (OBV) ChartCarlsberg A/S B 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 Carlsberg A/S B. The current mfi is 34.17.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Carlsberg A/S B Daily Money Flow Index (MFI) ChartCarlsberg A/S B Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Carlsberg A/S B.

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
2023-11-09MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-10STOCH 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
2023-11-14SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
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).
2023-11-16STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-22STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-24STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-28SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-11-30STOCH 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).
2023-12-01STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-05STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-06STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-07STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-11STOCH 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
2023-12-12MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-13STOCH SHORT EXITThe %K line crosses above the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-12-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-15CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-18STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-19STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-20SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2023-12-22CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-28DMI 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.
2023-12-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-02DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-01-04DMI 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.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-09STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-11WILLR 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).
2024-01-12ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-15MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-16STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-17SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-22MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-24MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-25STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-26STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-30STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-31MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-02STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-05SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-07STOCH 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).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-08STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-13STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-15RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-02-16STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-22CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-26RSI SHORT ENTRY LONG CLOSE70 crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-28STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-29MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-03-01SAR 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.
2024-03-04CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-07DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-11STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-12CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-13BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-03-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-15STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-20STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-22STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-25DMI 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.
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).
2024-03-26MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-27STOCH LONG EXITThe %K line crosses below the %D line.

6.3. Candlestick Patterns

Carlsberg A/S B Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Carlsberg A/S B based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5057.687
Ma 20Greater thanMa 50934.262
Ma 50Greater thanMa 100924.952
Ma 100Greater thanMa 200885.492
OpenGreater thanClose946.100
Total3/5 (60.0%)
Penke

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